Insights on Growth of Freight Brokerage Market with Technical Advancement to 2024


Posted February 12, 2020 by bhaktidi12

The global Freight Brokerage Market is thoroughly analysed by covering major segments of the market.

 
Global Freight Brokerage Market overview:

The report of global Freight Brokerage Market includes the competitive landscape section which provides the full and in-depth analysis of the current market trends, changing technologies and developments that will be beneficial for the companies, which are competing in the market. The report offers an overview of revenue, demand, and supply of data, futuristic cost, and growth analysis during the projected the year.

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A Freight Broker, in Freight Transport over land in the United States by truck is often used as part of the logistics. This may be part of an overall shipbroking using a cargo broker, a Freight forwarder, third party logistics broker (3PL), and even a fourth-party broker, when outsourcing is needed  for freight transportation. The brokering can be single mode or by multimodal transportation and can use specialized brokers on a permanent basis or as needed to ensure timely traffic management.

The Global Freight Brokerage Market is segmented on the basis of Product Type, Application, End Use Industry and Region. On the Basis of Product Type segment, the Freight Brokerage Market is sub segmented into Truckload, LTL. Based on Application segment, the Freight Brokerage Market is sub segmented into. Based on End Use Industry segment, the Freight Brokerage Market is sub segmented into Food & Beverage, Manufacturing, Retail, Auto & Industrial, Chemical.

The report is a compilation of first-hand information, qualitative and quantitative assessment by industry analysts, inputs from industry experts and industry participants across the value chain. The report provides in-depth analysis of parent market trends, macro-economic indicators and governing factors along with market attractiveness as per segments. The report also maps the qualitative impact of various market factors on market segments and geographies.

Some of the major players that operate in the Global Freight Brokerage Market are C.H. Robinson, Expeditors, Landstar System, TQL, Coyote Logistics, XPO Logistics, Yusen Logistics, Echo Global Logistics, JB Hunt Transport, Worldwide Express, Hub Group, GlobalTranz Enterprises, Allen Lund, Transplace, Werner Logistics, BNSF Logistics

Latest Industry Updates:

Coyote Logistics:- Coyote Enhances Digital Freight Platform with Service-Driven Features ,As the global freight market continues to grow more complex, Coyote Logistics, a leading global third-party logistics (3PL) provider, has released a new program and digital freight platform enhancements designed to better address the unique needs and challenges of shippers and carriers today. Dubbed Carrier of Choice, the program and digital freight enhancements arrive as shippers continue to expect greater reliability assurances and higher levels of service from the carriers they work with.   

While shippers’ service expectations are constantly evolving, Coyote’s commitment to delivering a superior experience to customers remains unchanged,” said Jonathan Sisler, CEO of Coyote. “Our goal is to set shippers and carriers up for success in any market – whether it be deflationary, like today, or inflationary, as the Coyote Curve predicts it will be next year. By leveraging insights drawn from customer feedback when building our new service-based programs and digital freight features and grounding them in a commitment to exceptional service, we are able to accomplish this goal.”

The Carrier of Choice Program, which is launching as part of the digital freight platform update, rewards high-performing carriers with exclusive access to benefits like instant load booking via Coyote.com and the CoyoteGO® mobile app. Recognized carriers – who will fall into either Pack Carrier, Elite Carrier or Carrier of Choice tiers, based on meeting or exceeding service performance parameters – can also receive faster payment in as little as two days, in addition to easier access to bids and tendering.

In turn, shippers will benefit from increased levels of service and greater visibility across Coyote’s diverse network of 70,000 carriers. Additionally, shippers can now take advantage of new digital freight platform features to improve their supply chain operations. These include My Facilities, which houses over 100,000 facility reviews crowdsourced by drivers, and seamless API integrations for real-time spot quoting and tracking

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Market segment by Regions/Countries, this report covers:

1 North America Country (United States, Canada)

2 South America

3 Asia Country (China, Japan, India, Korea)

4 Europe Country (Germany, UK, France, Italy)

5 Other Country (Middle East, Africa, GCC)

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Table of Contents:

Global Freight Brokerage Market Report 2019

1 Freight Brokerage Definition

2 Global Freight Brokerage Market Major Player Share and Market Overview

3 Major Player Freight Brokerage Business Introduction

4 Global Freight Brokerage Market Segmentation (Region Level)

5 Global Freight Brokerage Market Segmentation (Product Type Level)

6 Global Freight Brokerage Market Segmentation (Industry Level)

7 Global Freight Brokerage Market Segmentation (Channel Level)

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Last Updated February 12, 2020