Freight brokerages are developing ways that fasten the logistics and transportation process with efficiency to ensure the delivery is executed well. The demand for these services is skyrocketing as more businesses spotlight supply chain efficiency to maintain smooth relationships.
According to Industry Research, the global freight brokerage services market size is projected to grow from $56120 million in 2022 to US$ 72540 million in 2029. It is expected to grow at a compound annual growth rate (CAGR) of 3.7% from 2023 to 2029.
The rise in international trade activities, the e-commerce industry, and the popularity of consolidated air freight service are some contributors to boosting the freight brokerage market’s growth.
Companies are looking to increase access and application of freight data to focus their efforts on markets with either a surplus or an absence of freight capacity . Technology is another path often trodden for delivering improved experiences to shippers and carriers. It helps to increase the overall revenue and enhance employees’ time.
This edition of Logistics & Transportation Review highlights the key developments in freight brokerage and how its service providers are leveraging them to create a positive impact on companies. We have curated thought leadership articles from industry experts, including the CEO and co-founder of Loadsmart and the vice president of Direct Connect Transport
We also took a deep dive into the market trends to narrow down the list of companies delivering robust freight brokerage services. Equipped with innovative technological capabilities, companies such as Schulz Logistics and Lufthansa Cargo help transform businesses at the cloverleaf of various disruptive technologies.
We hope this edition of logistics & transportation review will help you build the partnership you and your organization need to foster an environment driven by efficient technology.
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