There are now 27,864 freight brokerages with active MC numbers compared to 28,055 one month ago. This is still15% more freight brokerages than at the height of the pandemic in Feb 2021.

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Interestingly enough though there are 38% more freight brokerages as compared to 5 years ago in Feb of 2019 during the early innings of the last freight recession.

With OTRI at under 4% as of today there’s still way too much truck capacity, combined with way too many freight brokerages competing for loads. These two factors create a perfect storm for a race to the bottom when it comes to rates.

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% change over time of active freight brokerages:

6-month %: (-6.0%)
1-year %: (-9.2%)
2-year %: (-4.2%)
3-year %: +14.8%
4-year %: +30.7%
5-year %: +38.1%

Growth trends turned negative YoY in June 2023 and have been accelerating.

Jun 2023 (-0.9%)
Jul 2023 (-2.6%)
Aug 2023 (-4.2%)
Sep 2023 (-5.6%)
Oct 2023 (-7.4%)
Nov 2023 (-6.1%)
Dec 2024 (-7.8%)
Jan 2024 (-8.6%)
Feb 2024 (-9.2%)

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Thanks as always to Carrier Details (Kathy Sardelli and Mark Draeb) for sending over the monthly brokerage data.

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