According to HTF Market Intelligence, the global Freight Brokerage market is valued at USD  Million in 2024 and estimated to reach a revenue of USD  Million by 2031, with a CAGR of 3.9% from 2024 to 2031.

Freight Brokerage Market Overview

A freight brokerage solutions provide services in logistics or supply chain who acts as an inter-mediator between carriers and shippers to monitor transportation or goods from the point of manufacturer or shipper to the point of destination or carriers. The two types of freight brokers are asset-based freight brokers and non-asset-based freight brokers. Increase in International Trades, as well as Logistics automation, will lead to fuel the demand for Freight Brokerage Solutions.

Some of the companies listed in the study from the complete survey list are C.H. Robinson (United States), Total Quality Logistics (United States), XPO Logistics (United States), Echo Global Logistics (United States), Coyote Logistics (United States), Landstar System (United States), Schneider Logistics (United States), Sunteck TTS (United States), England Logistics, Inc. (United Kingdom), Yusen Logistics Co., Ltd. (United States).

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Market Trends

Automated Freight Brokerage Applications

Increasing Costs and Rising Rates

Growing Industrial Production

Market Drivers

Growth of overall Transportation Industry

Saves Time, Resources and Money

Provides Shipping Expertise

Market Opportunities:

Robust Growth in International Trading

Inclusion of IoT in Automated Freight Brokerage Software

Freight Brokerage Market Segmentation

The Freight Brokerage Market is Segmented by Application (Food and Beverages, Automotive, Retail & E-commerce, Healthcare, Manufacturing, Others) by Customer Type (B2B, B2C) by Service Type (Intermodal, Truckload, Less Than Truckload) by Mode of Transport (Waterways, Roadways, Others) and by Geography (North America, South America, Europe, Asia Pacific, MEA)

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Thanks for reading Freight Brokerage research article; you can also get individual chapter-wise sections or region-wise report versions like LATAM, North America, MENA, Southeast Asia, Europe, APAC or Country Specific reports such as Japan, United Kingdom, United States or China, etc


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