Freight Brokerage Market in Americas 2018-2022
About Freight Brokerage
A freight broker is any company or an individual serving as an intermediate between carriers and shippers. The shippers provide freight for transportation while carriers have enough capacity to move the freight. Thus, freight brokers aid both carriers as well as shippers:
Technavio Announces the Publication of its Research Report – Freight Brokerage Market in Americas 2018-2022
Technavio recognizes the following companies as the key players in the freight brokerage market in the Americas: C.H. Robinson, Echo Global Logistics, Expeditors, Landstar, TQL, and XPO Logistics.
Other Prominent Vendors in the market are: GlobalTranz Enterprises, Roadrunner Transportation System, Unishippers Global Logistics, and Worldwide Express.
Commenting on the report, an analyst from Technavio’s team said: “The latest trend gaining momentum in the market is increase in imports and exports. Economic development is accompanied by the consumption and export of products. There has been an increase in the demand for imports and exports of products in the Americas. Exporting domestically manufactured goods requires efficient integrated logistics services, which include the management of logistics-related services and transportation. Both retailers and manufacturers require services that act as a link between customers and suppliers across various regions. Different geographies require different supply chain strategies. Exporters look for a one-stop solution where they can get complete supply chain and logistics services. As the market growth gains momentum, a considerable investment in infrastructure projects is carried out to meet the growing needs of the domestic, cross-border, and international demand. The increasing import and export activities will positively impact the freight brokerage market in the Americas because of an increase in the demand for logistics.”
According to the report, one of the major drivers for this market is growing demand for outsourced 3pl services in Americas. The demand for 3PL services in South America will see rapid growth during the forecast period. Developing countries such as Argentina and Brazil are witnessing growth in their transportation and logistics infrastructure, which is expected to boost the demand for contract logistics services in these countries. Growth in the demand for these services can be attributed to the underlying benefits of outsourcing in terms of increased operational efficiency and cost savings. The 3PL market in South America is driven by continuous capital inflow leading to the supply of new assets, especially in Brazil. However, the development of vendors in other countries in South America is expected to be low. With the increase in the investment in transport infrastructure, the market will develop a strong base for logistics.
C.H. Robinson, Echo Global Logistics, Expeditors, Landstar, TQL, XPO Logistics, GlobalTranz Enterprises, Roadrunner Transportation System, Unishippers Global Logistics, and Worldwide Express.