Tag: freight tech
-
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.
-
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.
-
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.
-
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.
-
March 2024 shows double digit freight brokerage closures
Freight brokerages closures accelerated again YoY in March 2024 at (10.6%). There are now 27,450 freight brokerages with active MC numbers compared to 27,864 one month ago.
-
What’s the typical employee size of the largest 1,000 freight brokerages?
One of the most difficult and tedious parts of the analysis is to separate brokerage divisions from larger organizations. The vast majority of these cases are with brokerages that are included in the parent company of asset-based fleets. The remaining are smaller domestic brokerage units of large international freight forwarding companies.
-
Freight brokerages declined (9.2%) YoY in Feb 2024
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.
-
Double Brokering in Freight Brokerage: The Five Most Common Scams
Double brokering occurs when a freight broker or carrier books a load with a legitimate broker and then re-brokers it to another carrier without the original broker’s or shipper’s knowledge. This illegal practice can result in confusion, lost shipments, payment disputes, and other issues.
-
Notable cyber attacks in trucking & logistics
Here’s a list of the most notable cyber attacks since 2019 in trucking and logistics.