Freight Brokerages See Biggest Drop Since 2014

The number of operating freight brokerages has experienced its most significant decrease since a notable dip in 2014, with growth rates turning negative from July 2023. By October 2023, the count of active and authorized brokerages decreased by 5.6% compared to the same month in the previous year. This decline follows a period of rapid expansion during the pandemic.

Source: Kevin Hill of Brush Pass Research / LinkedIn