Tag: logistics
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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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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.
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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.
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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.