Freight Brokerage Market Size and Share Outlook - Forecast Trends and Growth Analysis Report 2025-2034

The global freight brokerage market size reached nearly USD 59.62 Billion in 2024. The market is estimated to grow at a CAGR of 5.90% between 2025 and 2034, reaching a value of around USD 105.77 Billion by 2034.

Key Trends in the Market

Freight brokerage is a branch of business, acting as an intermediary between the shipper and carrier. It also facilitates communication between the shipper and carrier. The role of a freight broker is to match shippers with suitable carriers to meet their transportation requirements and to provide the most efficient and cost-effective shipping solutions for their clients.

The globalisation of trade is one of the major drivers augmenting the global freight brokerage market value. The rapidly increasing international trade volumes have bolstered the demand for cross-border freight services. Freight brokers play a crucial role in managing the complexities of international logistics, including customs clearance, documentation, and compliance with regulations.

• One of the significant trends in the global freight brokerage market is the increasing adoption of digital platforms and technologies. Technological advancements have revolutionised the way freight brokerages operate, making them more efficient and transparent. Digital platforms also provide real-time visibility into shipments, automate various processes, and offer data analytics capabilities.
• Another important trend in the market is the rise of the e-commerce sector and its impact on logistics. With the growth of online shopping, there has been a surge in the demand for efficient and reliable freight transportation services. Freight brokers play a crucial role in connecting e-commerce businesses with the right carriers and managing the logistics involved in shipping products to customers.

Market Segmentation

The EMR’s report titled “Global Freight Brokerage Market Report and Forecast 2025-2034” offers a detailed analysis of the market based on the following segments:

Market Breakup by Services

• Intermodal
• Truckload
• Less than Truckload

Market Breakup by Customer Type

• Business to Business (B2B)
• Business to Consumer (B2C)

Market Breakup by Mode of Transport

• Waterways
• Roadways
• Others

Market Breakup by End-Use Industry

• Retail and E-commerce
• Manufacturing
• Healthcare
• Automotive
• Others

Market Breakup by Region

• North America
• Europe
• Asia Pacific
• Latin America
• Middle East and Africa

Market Share by Customer Type

Business-to-business (B2B) holds a significant share of the freight brokerage market. B2B customers require transportation services to move their goods or materials from one location to another. Such customers in the market encompass a wide range of sectors, including manufacturing, retail, e-commerce, construction, and more.

B2B customers usually have a consistent volume of shipments, which may be recurring or periodic. Due to this, the demand for freight shipping is constant from business-to-business customers, propelling the market value.

Market Share by Mode of Transport

The waterway mode of transport is likely to represent a considerable share in the global freight brokerage market development, mainly owing to the rapidly growing globalisation. Shipping goods via sea is a crucial mode of transportation for international trade, and it is particularly suited for transporting large volumes of goods over long distances.

Ships can carry a wide range of cargo, including containers, bulk commodities, and oil tankers. Maritime transport is generally slower than other modes but offers cost advantages for intercontinental shipments.

Competitive Landscape

The comprehensive EMR report provides an in-depth assessment of the market based on Porter's five forces model along with giving a SWOT analysis. The report gives a detailed analysis of the following key players in the global freight brokerage market, covering their competitive landscape and the latest developments like mergers, acquisitions, investments, and expansion plans.

C.H. Robinson Worldwide, Inc. 

C.H. Robinson Worldwide, Inc. is a leading company operating in the transportation sector that aims to meet the logistics and technology needs of numerous companies around the world. The company was founded in the year 1905 and its headquartered in Minnesota, the United States. Since its establishment, the company has developed expertise in various fields including product sourcing, technology, and supply chain, among others.

Total Quality Logistics, LLC

Total Quality Logistics, LLC stands as a prominent third-party logistics (3PL) firm established in the United States. Its inception took place in 1997, with its headquarters situated in Cincinnati, Ohio. TQL has since grown to become one of the leading freight brokerage companies in North America, delivering comprehensive solutions. Its primary focus lies in establishing connections between shippers and carriers to efficiently facilitate the transportation of goods across diverse industries.

XPO, Inc,

XPO, Inc, based in Connecticut, the USA, is a renowned worldwide company specialising in transportation and logistics. Since its establishment in 1989, it has experienced remarkable growth, positioning itself as one of the premier logistics providers globally. The company leverages cutting-edge data analytics, automation, and artificial intelligence to optimise supply chain operations and enhance overall efficiency.

Other market players include Echo Global Logistics, Inc., Worldwide Express, LLC, Coyote Logistics, LLC, Landstar System Holdings, Inc, Mode Global, LLC, GlobalTranz Enterprises, LLC, and Hub Group, Inc., among others.

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