Market Share of United States Freight Brokerage Industry
The US freight brokerage market is moderately fragmented, with the presence of large regional players, global players, and small and medium-sized local players with a few players in the market. C.H. Robinson dominates the industry, followed by XPO Logistics and Hub Group/Mode Transportation. The freight brokerage market is top-heavy, with the top 8 to 10 firms accounting for more than one-third of the total gross revenues.
As far as technology integration is concerned, new entrants such as Convoy, Uber Freight, and uShip, are trying to gain significant market share by offering price transparency, online load boards, and freight marketplaces for booking freight via mobile apps, with the goal of removing human interaction in the freight booking and payment process. Trucking-as-a-Service (TaaS) is expected to grow significantly in the country with technological developments and demand for digital freight forwarding.
United States Freight Brokerage Market Leaders
CH Robinson
Total Quality Logistics
XPO Logistics Inc.
Echo Global Logistics
Worldwide Express
*Disclaimer: Major Players sorted in no particular order
