In September 2024, 237 freight brokerages went inactive, bringing the total number of active freight brokerages down to 25,979. Year over year, the number of freight brokerages has dropped by -11.8% and -16.7% compared to two years ago.

The market continues to face challenges as excess trucking supply remains a pressing issue for both brokers and carriers. Sustained rate increases are unlikely unless we observe more trucking exits or a significant boost in load volumes.

Here is a snapshot of the market changes over the years:
– 6-Month: (-5.4%)
– 1-Year: (-11.8%)
– 2-Year: (-16.7%)
– 3-Year: (-6.1%)
– 4-Year: 14.1%
– 5-Year: 23.0%

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As always thanks to Kathy Sardelli and Mark Draeb at Carrier Details LLC for sending over this data.

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Brush Pass Research’s Unlimited Data Export Plan subscribers have access to TMS profiles, quick pay, visibility, and onboarding software. Plus more brokerage details that include estimates for brokerage employees, revenues, and credit scores.

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