Freight Forwarding Brokerages & Agencies in California
The Freight Forwarding Brokerages and Agencies industry in California is primarily engaged in arranging the transportation of cargo. In that capacity, industry operators advise clients on shipment and trade routes, provide customs brokering services and subcontract transportation services to truck, rail, marine and air freight carriers. As a result, demand for industry services is largely determined by the level of consumption and manufacturing activity in California, volumes of international trade and the propensity of downstream clients to outsource freight forwarding services. Fortunately for industry operators, strong growth in the California economy and improving consumer conditions have caused demand for industry services to surge in recent years, and industry revenue is estimated to increase over the five years to 2017. The industry is projected to maintain growth over the next five years as consumer spending continues to spur a rise in California's industrial production.
Companies in this industry arrange the transportation of freight between shippers and carriers. These operators are known as freight forwarders, marine shipping agents or customs brokers, and they offer services for various modes of transportation. Since operators act as agents, the industry does not include the cost of arrangement as part of its revenue.
This report covers the scope, size, disposition and growth of the industry including the key sensitivities and success factors. Also included are five year industry forecasts, growth rates and an analysis of the industry key players and their market shares.