Tag: freight brokerage decline
-
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.
-
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.
-
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…