Tag: freight broker industry size
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September 2024 shows another decline in freight brokers
Year over year, the number of freight brokerages has dropped by -11.8% and -16.7% compared to two years ago.
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Average Gross Revenue per Employee in Freight Brokerages: $1,267,516
It is $1,267,516, according to financial data covering the past 4 quarters. This data is now part of the new annual gross revenue intel added to each freight brokerage in our premium data set.
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3,420 fewer freight brokerages in August 2024 than a year earlier
In percentage terms there are -11.5% fewer freight brokerages than a year ago, -13.8% fewer than two years ago, and -1.4% fewer than three years ago.
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Snapshot of credit profiles for the largest freight brokerages
Capacity is loose. Rates are stagnant. And freight brokerages have not been immune to financial implosion during this down cycle. With that said the overall picture of credit scores for the largest 1,650 freight brokerages are not as bad as one might imagine.
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Largest 1,000 brokerages generate 88% of all gross revenue
The top 1,000 freight brokerages are about 3.5% of all the active entities now make up 88% of the gross revenue in this now $135b market.
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2023 freight brokerage revenues decline 15.1%
It’s been quite the freight “recession” or should we say freight “depression”. April 2024 marks the 25th month of this down cycle in the truckload market. When or how this cycle comes to its natural conclusion is anyone’s guess. Based on what we are hearing this market could roll across the floor for quite a…