Freight Forwarding Brokerages & Agencies in the US
Over the past five years, the Freight Forwarding Brokerages and Agencies industry has expanded. In this period, economic recovery led to rising consumer spending, e-commerce sales and industrial output. As a result, domestic freight volumes increased, which drove demand for industry services. Moreover, initially strong growth in emerging markets encouraged trade, thereby increasing demand for the industry's trade-related services, such as customs brokerage. Overall, over the five years to 2018, industry revenue is expected to increase. Over the five years to 2023, industry revenue is forecast to climb due to accelerated US economic growth and increased consumer spending.
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. 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.
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