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A freight broker is any company or an individual that acts as an intermediate between the shippers and carriers. The shippers provide freight for transportation while carriers have enough capacity to move the freight. Thus, freight broker aids both shippers as well as carriers. For shippers, freight brokers help them find trustworthy carriers that are difficult to locate by shippers. For carriers, freight brokers assist them in filling their truckloads and earning money for the transportation.
Scope of the Report:
This report studies the Freight Brokerage market status and outlook of Global and major regions, from angles of players, countries, product types and end industries; this report analyzes the top players in global market, and splits the Freight Brokerage market by product type and applications/end industries.
In terms of geographic regions, the Americas will be the major revenue contributor to the freight brokerage market throughout the forecast period. High investments in the freight industry is supported by the government of countries in the Americas. Additionally, the increasing population and economic activities in this region that influence the growth and demand for freight transportation and logistics, also augment the growth prospects of the market in this region.
The global Freight Brokerage market is valued at xx million USD in 2017 and is expected to reach xx million USD by the end of 2023, growing at a CAGR of xx% between 2017 and 2023.
The Asia-Pacific will occupy for more market share in following years, especially in China, also fast growing India and Southeast Asia regions.
North America, especially The United States, will still play an important role which cannot be ignored. Any changes from United States might affect the development trend of Freight Brokerage.
Europe also play important roles in global market, with market size of xx million USD in 2017 and will be xx million USD in 2023, with a CAGR of xx%.
Market Segment by Companies, this report covers
- C.H. Robinson
- XPO Logistics
- Expeditors
- Echo Global Logistics
- TQL
- Landstar
- Worldwide Express
- Cerasis
- Cargomatic
- BNSF Logistics
- GlobalTranz
- Coyote Logistics
Market Segment by Regions, regional analysis covers
North America (United States, Canada and Mexico)
Europe (Germany, France, UK, Russia and Italy)
Asia-Pacific (China, Japan, Korea, India and Southeast Asia)
South America (Brazil, Argentina, Colombia)
Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria and South Africa)
Market Segment by Type, covers
- Domestic Transportation
- Import and Export Transportation
Market Segment by Applications, can be divided into
- Food & Beverages
- Automotive
- Retail & E-commerce
- Healthcare
- Manufacturing
- Other