Key Insights
The United States freight brokerage market, a significant segment of the broader logistics industry, is experiencing robust growth, projected to reach a substantial size. While the provided data indicates a global market size of $17.96 billion with a compound annual growth rate (CAGR) of 8.35%, focusing specifically on the US market requires further analysis. Considering the US's significant role in global trade and logistics, it's reasonable to estimate the US market share to be approximately 40-50% of the global market, translating to a 2025 US market size of between $7.18 billion and $8.98 billion. This substantial market is driven by factors such as the increasing e-commerce penetration, necessitating efficient and cost-effective freight solutions. Further growth is fueled by the ongoing expansion of the manufacturing and automotive sectors, coupled with the rise of technology-driven solutions such as digital freight matching platforms, improving transparency and efficiency within the supply chain. While regulatory changes and fluctuating fuel prices pose potential restraints, the overall positive market outlook remains strong, driven by the relentless need for efficient freight transportation solutions.
The market's segmentation provides valuable insights. The largest segments are likely LTL (Less-than-Truckload) and FTL (Full-Truckload) services, catering to a diverse range of industries. Manufacturing and automotive, oil and gas, and distributive trade (including FMCG) represent key end-user segments driving demand. The competitive landscape is highly fragmented, with a mix of large multinational players like CH Robinson and XPO Logistics, alongside smaller, specialized firms focusing on niche markets. This competitive dynamics drives innovation and further reinforces the efficiency and cost-effectiveness of the US freight brokerage market. The forecast period of 2025-2033 suggests continued market expansion, shaped by technological advancements, evolving supply chain strategies, and persistent demand from diverse industries.
United States Freight Brokerage Market: A Comprehensive Report (2019-2033)
This in-depth report provides a comprehensive analysis of the United States freight brokerage market, encompassing market dynamics, growth trends, key players, and future outlook. With a study period spanning 2019-2033, a base year of 2025, and a forecast period of 2025-2033, this report is an invaluable resource for industry professionals, investors, and anyone seeking to understand this dynamic sector. The total market size is projected to reach XX Billion by 2033.
United States Freight Brokerage Market Dynamics & Structure
The US freight brokerage market is characterized by a moderately consolidated structure with a few large players commanding significant market share, alongside numerous smaller, regional brokers. Market concentration is influenced by factors like technological capabilities, financial resources, and established network reach. The market is highly dynamic, driven by technological innovation, evolving regulatory frameworks, and intense competition. Mergers and acquisitions (M&A) activity remains significant, reflecting industry consolidation trends.
- Market Concentration: The top 10 players account for approximately XX% of the market share in 2025.
- Technological Innovation: Digital freight matching platforms, advanced analytics, and automation are key drivers of innovation. However, high initial investment costs and integration complexities present significant barriers.
- Regulatory Framework: Compliance with FMCSA regulations and evolving environmental standards significantly impact operational costs and strategies.
- Competitive Substitutes: Direct carrier contracts and in-house logistics departments offer some level of substitution but lack the flexibility and scalability offered by freight brokers.
- End-User Demographics: The market is served by a diverse range of end-users across various sectors, with manufacturing, automotive, and distributive trade (including FMCG) being major contributors.
- M&A Trends: The past five years have witnessed XX major M&A deals, signaling a continued trend of consolidation within the market.
United States Freight Brokerage Market Growth Trends & Insights
The US freight brokerage market has experienced consistent growth over the historical period (2019-2024), fueled by the growth of e-commerce, increasing outsourcing of logistics functions, and fluctuating fuel prices. The market is expected to continue its expansion, driven by technological advancements improving efficiency and transparency, while facing challenges like driver shortages and supply chain disruptions. The Compound Annual Growth Rate (CAGR) during the forecast period (2025-2033) is projected to be XX%. This growth is further fueled by increasing adoption rates of digital freight matching platforms among shippers and carriers.
Market size evolution demonstrates a steady increase in revenue, with a notable acceleration in growth observed post-pandemic. The penetration of digital freight brokerage platforms in the overall freight movement sector is currently at XX% and is expected to rise to XX% by 2033. Consumer behavior shifts toward greater demand for real-time visibility and increased supply chain resilience are further propelling the market's growth.
Dominant Regions, Countries, or Segments in United States Freight Brokerage Market
The US freight brokerage market is geographically diverse, with significant activity across various regions. However, certain segments within the market exhibit stronger growth potential. The dominant segments are:
By Service: Full Truckload (FTL) currently dominates with a market share of XX% in 2025, followed by Less-than-Truckload (LTL) at XX%, due to the higher volume of shipments and cost-effectiveness. "Other Services" including specialized freight (oversized loads etc) continue to witness steady growth driven by increasing demand for specialized transportation and related services.
By End User: The Manufacturing and Automotive sector holds the largest market share (XX% in 2025) due to high shipment volumes and complex supply chains. Distributive trade (wholesale and retail, including FMCG) is a close second owing to the surge in e-commerce and the necessity for efficient and reliable last-mile delivery solutions.
Key drivers of dominance include robust economic activity, well-developed infrastructure networks, and high volumes of freight movement within specific regions and sectors. Growth potential is influenced by factors like regional economic development, infrastructure investments, and industry-specific growth forecasts.
United States Freight Brokerage Market Product Landscape
Technological advancements are transforming the product landscape of the US freight brokerage market. The market is witnessing the emergence of sophisticated digital platforms that offer real-time visibility, predictive analytics, and automated freight matching capabilities. These platforms enhance operational efficiency, reduce costs, and improve the overall customer experience. Unique selling propositions often involve specialized services, such as dedicated account management, customized solutions, and enhanced risk management tools. The trend is towards integrated solutions that seamlessly connect shippers, carriers, and other stakeholders within the supply chain.
Key Drivers, Barriers & Challenges in United States Freight Brokerage Market
Key Drivers:
- Increasing e-commerce activity necessitates efficient and scalable freight solutions.
- Growing demand for enhanced supply chain visibility and transparency.
- Technological advancements boosting operational efficiency and cost optimization.
- Government initiatives promoting infrastructure development and logistics improvements.
Challenges:
- Driver shortages are leading to capacity constraints and higher transportation costs.
- Fluctuating fuel prices directly impact operating margins for both brokers and carriers.
- Intense competition necessitates strategic differentiation and value-added service offerings.
- Regulatory compliance adds complexity and increases operational overhead. These challenges contribute to a XX% reduction in profit margins for smaller brokers in 2025.
Emerging Opportunities in United States Freight Brokerage Market
- Specialized freight solutions: Catering to the growing demand for niche transportation needs.
- Sustainable logistics solutions: Integrating environmentally friendly practices and technologies.
- Data-driven decision making: Leveraging AI and machine learning to optimize operations and pricing.
- Last-mile delivery optimization: Addressing the challenges of efficient and cost-effective last-mile deliveries.
Growth Accelerators in the United States Freight Brokerage Market Industry
Strategic partnerships among brokers, carriers, and technology providers are accelerating market growth. Technological breakthroughs such as AI-powered optimization tools enhance efficiency and reduce costs. Market expansion strategies, including geographic diversification and service expansion, are creating new avenues for growth. Furthermore, increased adoption of digital platforms and focus on building robust, reliable supply chain solutions are significant drivers.
Key Players Shaping the United States Freight Brokerage Market Market
- Coyote Logistics
- Total Quality Logistics
- Hub Group
- Landstar System Inc
- CH Robinson
- KAG Logistics Inc
- SunteckTTS
- BNSF Logistics LLC
- XPO Logistics Inc
- Uber Freight
- 63 Other Companies
- Worldwide Express
- Schneider
- Echo Global Logistics
- GlobalTranz
- J B Hunt Transport Inc
Notable Milestones in United States Freight Brokerage Market Sector
- August 2023: Convoy launches its just-in-time (JIT) trucking offering, signifying a shift toward more flexible and responsive logistics solutions.
- February 2023: Echo Global Logistics introduces EchoInsure+, enhancing its service offerings by providing integrated cargo insurance, improving risk management for clients.
In-Depth United States Freight Brokerage Market Market Outlook
The US freight brokerage market is poised for continued growth, driven by technological advancements, evolving consumer preferences, and robust economic activity. Strategic opportunities lie in leveraging data analytics, expanding service offerings, and forming strategic partnerships. The focus will be on sustainable practices, optimized delivery solutions, and enhanced supply chain visibility to meet future demands. The market is expected to surpass XX Billion in revenue by 2033, showcasing robust growth potential.
United States Freight Brokerage Market Segmentation
-
1. Service
- 1.1. LTL
- 1.2. FTL
- 1.3. Other Services
-
2. End User
- 2.1. Manufacturing and Automotive
- 2.2. Oil and Gas, Mining, and Quarrying
- 2.3. Agriculture, Fishing, and Forestry
- 2.4. Construction
- 2.5. Distribu
- 2.6. Other En
United States Freight Brokerage Market Segmentation By Geography
- 1. United States
United States Freight Brokerage Market REPORT HIGHLIGHTS
| Aspects | Details |
|---|---|
| Study Period | 2019-2033 |
| Base Year | 2024 |
| Estimated Year | 2025 |
| Forecast Period | 2025-2033 |
| Historical Period | 2019-2024 |
| Growth Rate | CAGR of 8.35% from 2019-2033 |
| Segmentation |
|
Table of Contents
- 1. Introduction
- 1.1. Research Scope
- 1.2. Market Segmentation
- 1.3. Research Methodology
- 1.4. Definitions and Assumptions
- 2. Executive Summary
- 2.1. Introduction
- 3. Market Dynamics
- 3.1. Introduction
- 3.2. Market Drivers
- 3.2.1. 4.; Growing Construction Across the Country4.; The Growing Number of Freight Brokers Across the Country
- 3.3. Market Restrains
- 3.3.1. 4.; Rerouting of Cargo and Other Factors4.; Reducing Freight Imports Across the Country
- 3.4. Market Trends
- 3.4.1. FTL Service Has Gained Momentum in the Country in Recent Years
- 4. Market Factor Analysis
- 4.1. Porters Five Forces
- 4.2. Supply/Value Chain
- 4.3. PESTEL analysis
- 4.4. Market Entropy
- 4.5. Patent/Trademark Analysis
- 5. United States Freight Brokerage Market Analysis, Insights and Forecast, 2019-2031
- 5.1. Market Analysis, Insights and Forecast - by Service
- 5.1.1. LTL
- 5.1.2. FTL
- 5.1.3. Other Services
- 5.2. Market Analysis, Insights and Forecast - by End User
- 5.2.1. Manufacturing and Automotive
- 5.2.2. Oil and Gas, Mining, and Quarrying
- 5.2.3. Agriculture, Fishing, and Forestry
- 5.2.4. Construction
- 5.2.5. Distribu
- 5.2.6. Other En
- 5.3. Market Analysis, Insights and Forecast - by Region
- 5.3.1. United States
- 5.1. Market Analysis, Insights and Forecast - by Service
- 6. North America United States Freight Brokerage Market Analysis, Insights and Forecast, 2019-2031
- 6.1. Market Analysis, Insights and Forecast - By Country/Sub-region
- 6.1.1 United States
- 6.1.2 Canada
- 6.1.3 Mexico
- 7. Europe United States Freight Brokerage Market Analysis, Insights and Forecast, 2019-2031
- 7.1. Market Analysis, Insights and Forecast - By Country/Sub-region
- 7.1.1 Germany
- 7.1.2 France
- 7.1.3 United Kingdom
- 7.1.4 Italy
- 7.1.5 Spain
- 7.1.6 Russia
- 7.1.7 Rest of Europe
- 8. Asia Pacific United States Freight Brokerage Market Analysis, Insights and Forecast, 2019-2031
- 8.1. Market Analysis, Insights and Forecast - By Country/Sub-region
- 8.1.1 China
- 8.1.2 Japan
- 8.1.3 India
- 8.1.4 Bangladesh
- 8.1.5 Turkey
- 8.1.6 South Korea
- 8.1.7 Australia
- 8.1.8 Indonesia
- 8.1.9 Rest of Asia Pacific
- 9. Middle East United States Freight Brokerage Market Analysis, Insights and Forecast, 2019-2031
- 9.1. Market Analysis, Insights and Forecast - By Country/Sub-region
- 9.1.1.
- 10. Egypt United States Freight Brokerage Market Analysis, Insights and Forecast, 2019-2031
- 10.1. Market Analysis, Insights and Forecast - By Country/Sub-region
- 10.1.1 South Africa
- 10.1.2 Saudi Arabia
- 10.1.3 Rest of Middle East
- 11. South America United States Freight Brokerage Market Analysis, Insights and Forecast, 2019-2031
- 11.1. Market Analysis, Insights and Forecast - By Country/Sub-region
- 11.1.1 Brazil
- 11.1.2 Argentina
- 11.1.3 Rest of South America
- 12. Competitive Analysis
- 12.1. Market Share Analysis 2024
- 12.2. Company Profiles
- 12.2.1 Coyote Logistics
- 12.2.1.1. Overview
- 12.2.1.2. Products
- 12.2.1.3. SWOT Analysis
- 12.2.1.4. Recent Developments
- 12.2.1.5. Financials (Based on Availability)
- 12.2.2 Total Quality Logistics
- 12.2.2.1. Overview
- 12.2.2.2. Products
- 12.2.2.3. SWOT Analysis
- 12.2.2.4. Recent Developments
- 12.2.2.5. Financials (Based on Availability)
- 12.2.3 Hub Group
- 12.2.3.1. Overview
- 12.2.3.2. Products
- 12.2.3.3. SWOT Analysis
- 12.2.3.4. Recent Developments
- 12.2.3.5. Financials (Based on Availability)
- 12.2.4 Landstar System Inc
- 12.2.4.1. Overview
- 12.2.4.2. Products
- 12.2.4.3. SWOT Analysis
- 12.2.4.4. Recent Developments
- 12.2.4.5. Financials (Based on Availability)
- 12.2.5 CH Robinson
- 12.2.5.1. Overview
- 12.2.5.2. Products
- 12.2.5.3. SWOT Analysis
- 12.2.5.4. Recent Developments
- 12.2.5.5. Financials (Based on Availability)
- 12.2.6 KAG Logistics Inc
- 12.2.6.1. Overview
- 12.2.6.2. Products
- 12.2.6.3. SWOT Analysis
- 12.2.6.4. Recent Developments
- 12.2.6.5. Financials (Based on Availability)
- 12.2.7 SunteckTTS
- 12.2.7.1. Overview
- 12.2.7.2. Products
- 12.2.7.3. SWOT Analysis
- 12.2.7.4. Recent Developments
- 12.2.7.5. Financials (Based on Availability)
- 12.2.8 BNSF Logistics LLC
- 12.2.8.1. Overview
- 12.2.8.2. Products
- 12.2.8.3. SWOT Analysis
- 12.2.8.4. Recent Developments
- 12.2.8.5. Financials (Based on Availability)
- 12.2.9 XPO Logistics Inc
- 12.2.9.1. Overview
- 12.2.9.2. Products
- 12.2.9.3. SWOT Analysis
- 12.2.9.4. Recent Developments
- 12.2.9.5. Financials (Based on Availability)
- 12.2.10 Uber Freight**List Not Exhaustive 6 3 Other Companie
- 12.2.10.1. Overview
- 12.2.10.2. Products
- 12.2.10.3. SWOT Analysis
- 12.2.10.4. Recent Developments
- 12.2.10.5. Financials (Based on Availability)
- 12.2.11 Worldwide Express
- 12.2.11.1. Overview
- 12.2.11.2. Products
- 12.2.11.3. SWOT Analysis
- 12.2.11.4. Recent Developments
- 12.2.11.5. Financials (Based on Availability)
- 12.2.12 Schneider
- 12.2.12.1. Overview
- 12.2.12.2. Products
- 12.2.12.3. SWOT Analysis
- 12.2.12.4. Recent Developments
- 12.2.12.5. Financials (Based on Availability)
- 12.2.13 Echo Global Logistics
- 12.2.13.1. Overview
- 12.2.13.2. Products
- 12.2.13.3. SWOT Analysis
- 12.2.13.4. Recent Developments
- 12.2.13.5. Financials (Based on Availability)
- 12.2.14 GlobalTranz
- 12.2.14.1. Overview
- 12.2.14.2. Products
- 12.2.14.3. SWOT Analysis
- 12.2.14.4. Recent Developments
- 12.2.14.5. Financials (Based on Availability)
- 12.2.15 J B Hunt Transport Inc
- 12.2.15.1. Overview
- 12.2.15.2. Products
- 12.2.15.3. SWOT Analysis
- 12.2.15.4. Recent Developments
- 12.2.15.5. Financials (Based on Availability)
- 12.2.1 Coyote Logistics
List of Figures
- Figure 1: United States Freight Brokerage Market Revenue Breakdown (Billion, %) by Product 2024 & 2032
- Figure 2: United States Freight Brokerage Market Share (%) by Company 2024
List of Tables
- Table 1: United States Freight Brokerage Market Revenue Billion Forecast, by Region 2019 & 2032
- Table 2: United States Freight Brokerage Market Revenue Billion Forecast, by Service 2019 & 2032
- Table 3: United States Freight Brokerage Market Revenue Billion Forecast, by End User 2019 & 2032
- Table 4: United States Freight Brokerage Market Revenue Billion Forecast, by Region 2019 & 2032
- Table 5: United States Freight Brokerage Market Revenue Billion Forecast, by Country 2019 & 2032
- Table 6: United States United States Freight Brokerage Market Revenue (Billion) Forecast, by Application 2019 & 2032
- Table 7: Canada United States Freight Brokerage Market Revenue (Billion) Forecast, by Application 2019 & 2032
- Table 8: Mexico United States Freight Brokerage Market Revenue (Billion) Forecast, by Application 2019 & 2032
- Table 9: United States Freight Brokerage Market Revenue Billion Forecast, by Country 2019 & 2032
- Table 10: Germany United States Freight Brokerage Market Revenue (Billion) Forecast, by Application 2019 & 2032
- Table 11: France United States Freight Brokerage Market Revenue (Billion) Forecast, by Application 2019 & 2032
- Table 12: United Kingdom United States Freight Brokerage Market Revenue (Billion) Forecast, by Application 2019 & 2032
- Table 13: Italy United States Freight Brokerage Market Revenue (Billion) Forecast, by Application 2019 & 2032
- Table 14: Spain United States Freight Brokerage Market Revenue (Billion) Forecast, by Application 2019 & 2032
- Table 15: Russia United States Freight Brokerage Market Revenue (Billion) Forecast, by Application 2019 & 2032
- Table 16: Rest of Europe United States Freight Brokerage Market Revenue (Billion) Forecast, by Application 2019 & 2032
- Table 17: United States Freight Brokerage Market Revenue Billion Forecast, by Country 2019 & 2032
- Table 18: China United States Freight Brokerage Market Revenue (Billion) Forecast, by Application 2019 & 2032
- Table 19: Japan United States Freight Brokerage Market Revenue (Billion) Forecast, by Application 2019 & 2032
- Table 20: India United States Freight Brokerage Market Revenue (Billion) Forecast, by Application 2019 & 2032
- Table 21: Bangladesh United States Freight Brokerage Market Revenue (Billion) Forecast, by Application 2019 & 2032
- Table 22: Turkey United States Freight Brokerage Market Revenue (Billion) Forecast, by Application 2019 & 2032
- Table 23: South Korea United States Freight Brokerage Market Revenue (Billion) Forecast, by Application 2019 & 2032
- Table 24: Australia United States Freight Brokerage Market Revenue (Billion) Forecast, by Application 2019 & 2032
- Table 25: Indonesia United States Freight Brokerage Market Revenue (Billion) Forecast, by Application 2019 & 2032
- Table 26: Rest of Asia Pacific United States Freight Brokerage Market Revenue (Billion) Forecast, by Application 2019 & 2032
- Table 27: United States Freight Brokerage Market Revenue Billion Forecast, by Country 2019 & 2032
- Table 28: United States Freight Brokerage Market Revenue (Billion) Forecast, by Application 2019 & 2032
- Table 29: United States Freight Brokerage Market Revenue Billion Forecast, by Country 2019 & 2032
- Table 30: South Africa United States Freight Brokerage Market Revenue (Billion) Forecast, by Application 2019 & 2032
- Table 31: Saudi Arabia United States Freight Brokerage Market Revenue (Billion) Forecast, by Application 2019 & 2032
- Table 32: Rest of Middle East United States Freight Brokerage Market Revenue (Billion) Forecast, by Application 2019 & 2032
- Table 33: United States Freight Brokerage Market Revenue Billion Forecast, by Country 2019 & 2032
- Table 34: Brazil United States Freight Brokerage Market Revenue (Billion) Forecast, by Application 2019 & 2032
- Table 35: Argentina United States Freight Brokerage Market Revenue (Billion) Forecast, by Application 2019 & 2032
- Table 36: Rest of South America United States Freight Brokerage Market Revenue (Billion) Forecast, by Application 2019 & 2032
- Table 37: United States Freight Brokerage Market Revenue Billion Forecast, by Service 2019 & 2032
- Table 38: United States Freight Brokerage Market Revenue Billion Forecast, by End User 2019 & 2032
- Table 39: United States Freight Brokerage Market Revenue Billion Forecast, by Country 2019 & 2032
Frequently Asked Questions
1. What is the projected Compound Annual Growth Rate (CAGR) of the United States Freight Brokerage Market?
The projected CAGR is approximately 8.35%.
2. Which companies are prominent players in the United States Freight Brokerage Market?
Key companies in the market include Coyote Logistics, Total Quality Logistics, Hub Group, Landstar System Inc, CH Robinson, KAG Logistics Inc, SunteckTTS, BNSF Logistics LLC, XPO Logistics Inc, Uber Freight**List Not Exhaustive 6 3 Other Companie, Worldwide Express, Schneider, Echo Global Logistics, GlobalTranz, J B Hunt Transport Inc.
3. What are the main segments of the United States Freight Brokerage Market?
The market segments include Service, End User.
4. Can you provide details about the market size?
The market size is estimated to be USD 17.96 Billion as of 2022.
5. What are some drivers contributing to market growth?
4.; Growing Construction Across the Country4.; The Growing Number of Freight Brokers Across the Country.
6. What are the notable trends driving market growth?
FTL Service Has Gained Momentum in the Country in Recent Years.
7. Are there any restraints impacting market growth?
4.; Rerouting of Cargo and Other Factors4.; Reducing Freight Imports Across the Country.
8. Can you provide examples of recent developments in the market?
August 2023: Digital logistics provider and freight brokerage Convoy unveiled an offering for just-in-time (JIT) trucking, with a pledge of delivery within 15 minutes of the set arrival time. Convoy spotted an opening for a more flexible service that gives shippers the ability to scale up and down in response to fast-changing conditions. Its new JIT service leverages a network of over 400,000 trucks and the IT infrastructure to find matching carriers to meet specific shipper requirements.
9. What pricing options are available for accessing the report?
Pricing options include single-user, multi-user, and enterprise licenses priced at USD 3800, USD 4500, and USD 5800 respectively.
10. Is the market size provided in terms of value or volume?
The market size is provided in terms of value, measured in Billion.
11. Are there any specific market keywords associated with the report?
Yes, the market keyword associated with the report is "United States Freight Brokerage Market," which aids in identifying and referencing the specific market segment covered.
12. How do I determine which pricing option suits my needs best?
The pricing options vary based on user requirements and access needs. Individual users may opt for single-user licenses, while businesses requiring broader access may choose multi-user or enterprise licenses for cost-effective access to the report.
13. Are there any additional resources or data provided in the United States Freight Brokerage Market report?
While the report offers comprehensive insights, it's advisable to review the specific contents or supplementary materials provided to ascertain if additional resources or data are available.
14. How can I stay updated on further developments or reports in the United States Freight Brokerage Market?
To stay informed about further developments, trends, and reports in the United States Freight Brokerage Market, consider subscribing to industry newsletters, following relevant companies and organizations, or regularly checking reputable industry news sources and publications.
Methodology
Step 1 - Identification of Relevant Samples Size from Population Database
Step 2 - Approaches for Defining Global Market Size (Value, Volume* & Price*)
Note*: In applicable scenarios
Step 3 - Data Sources
Primary Research
- Web Analytics
- Survey Reports
- Research Institute
- Latest Research Reports
- Opinion Leaders
Secondary Research
- Annual Reports
- White Paper
- Latest Press Release
- Industry Association
- Paid Database
- Investor Presentations
Step 4 - Data Triangulation
Involves using different sources of information in order to increase the validity of a study
These sources are likely to be stakeholders in a program - participants, other researchers, program staff, other community members, and so on.
Then we put all data in single framework & apply various statistical tools to find out the dynamic on the market.
During the analysis stage, feedback from the stakeholder groups would be compared to determine areas of agreement as well as areas of divergence
