The trend of freight brokerages closing continues into 2024. The latest counts from the FMCSA shows an 8.4% year over year decline in active freight brokerage authorities.
The last few months have shown a steepening decline in active freight brokerages.
YoY growth in freight brokerages turned negative in July 2023 (-0.9%) and has continued to accelerate over the past few months. Since October 2023 YoY declines have been brisk Oct 2023 (-7.4%), Nov (-6.1%), Dec (-7.8%), and Jan (-8.6%).
January 2024 was also the first month to show a negative trend in 2-year growth in freight brokerages. There are now 2.3% fewer freight brokerages than in January 2022. Compared to January 2021 though there are still 17.3% more freight brokerages than were up and running 3 years ago in January 2021.
| Month | Freight Brokerages | YoY Change % |
| Jul-23 | 30,145 | -0.90% |
| Aug-23 | 29,824 | -2.60% |
| Sep-23 | 29,645 | -4.20% |
| Oct-23 | 29,453 | -5.60% |
| Nov-23 | 28,931 | -7.40% |
| Dec-23 | 28,950 | -6.10% |
| Jan-24 | 28,438 | -7.80% |
| Feb-24 | 28,055 | -8.60% |
Thanks again to Carrier Details for sending this data over to us.
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