Freight Forwarding Brokerages & Agencies in the US
Over the past five years, the Freight Forwarding Brokerages and Agencies industry was able to surpass prerecessionary levels as demand for industry services climbed. Prior to the five-year period, declining consumer spending and a deteriorating economy caused retail, industrial and trade activity to plunge. Consequently, the transportation of goods fell, leading to less demand for industry services. In the coming years, accelerated US economic growth, backed by increased consumer spending and manufacturing activity, is anticipated to cause freight volumes to rise. Therefore, demand for industry services is expected to increase.
Companies in this industry arrange the transportation of freight between shippers and carriers. These operators are usually known as freight forwarders, marine shipping agents or customs brokers and offer services for many modes of transportation. Because 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.