A freight broker is any company or an individual serving as an intermediate between carriers and shippers. The shippers provide freight for transportation while carriers have enough capacity to move the freight. Thus, freight brokers aid both carriers as well as shippers:
Shippers: Freight brokers help shippers find trustworthy carriers that are usually
difficult to locate.
Carriers: Freight brokers assist carriers in filling their truckload and earning money
for the transportation.
Freight brokers are primarily categorized into two types: asset-based freight brokers and non-asset based freight brokers.
MIR analysts forecast the freight brokerage market in the Americas to grow at a CAGR of 4.33% during the period 2018-2022.
The report covers the present scenario and the growth prospects of the freight brokerage market in the Americas for 2018-2022. To calculate the market size, the report considers the revenue generated from the sales of freight brokerage.
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Freight Brokerage Market in Americas 2018-2022, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market. .
Brokerage Market Key Vendors Are: C.H. Robinson, Echo Global Logistics, Expeditors, Landstar, TQL, XPO Logistics.
Other Prominent Vendors in the market are: GlobalTranz Enterprises , Roadrunner Transportation System, Unishippers Global Logistics, Worldwide Express..
Brokerage Market Driver:
- Growing demand for outsourced 3PL services in Americas
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Brokerage Market Trends:
- Increase in imports and exports
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Browse Full Report and Related Details at: https://www.marketinsightsreports.com/reports/0119165625/freight-brokerage-market-in-americas-2018-2022
The Brokerage Market is divided into the following segments based on Geography:
This independent 120-Page report guarantees you will remain better informed than your competition. With approx 210 tables and figures examining the Brokerage Market, the report gives you a visual, one-stop breakdown of the leading products, submarkets and market leader’s market revenue forecasts as well as analysis to 2021.
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Commenting on the report, an analyst from MIR team said: “The latest trend gaining momentum in the market is increase in imports and exports. Economic development is accompanied by the consumption and export of products. There has been an increase in the demand for imports and exports of products in the Americas. Exporting domestically manufactured goods requires efficient integrated logistics services, which include the management of logistics-related services and transportation. Both retailers and manufacturers require services that act as a link between customers and suppliers across various regions. Different geographies require different supply chain strategies. Exporters look for a one-stop solution where they can get complete supply chain and logistics services. As the market growth gains momentum, a considerable investment in infrastructure projects is carried out to meet the growing needs of the domestic, cross-border, and international demand. The increasing import and export activities will positively impact the freight brokerage market in the Americas because of an increase in the demand for logistics.”
According to the report, one of the major drivers for this market is growing demand for outsourced 3pl services in Americas. The demand for 3PL services in South America will see rapid growth during the forecast period. Developing countries such as Argentina and Brazil are witnessing growth in their transportation and logistics infrastructure, which is expected to boost the demand for contract logistics services in these countries. Growth in the demand for these services can be attributed to the underlying benefits of outsourcing in terms of increased operational efficiency and cost savings. The 3PL market in South America is driven by continuous capital inflow leading to the supply of new assets, especially in Brazil. However, the development of vendors in other countries in South America is expected to be low. With the increase in the investment in transport infrastructure, the market will develop a strong base for logistics.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to a SWOT analysis of the key vendors.
Key Highlights of The Brokerage Market Report:
- The key details related to Brokerage Market like the product definition, cost, variety of applications, demand and supply statistics are covered in this report.
- Competitive study of the major Brokerage Market players will help all the market players in analyzing the latest trends and business strategies.
- The study of emerging Brokerage Market segments and the existing market segments will help the readers in planning the business strategies.
- Figure Global Production Market Share of Brokerage Market by Types and by Applications in 2017.
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