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Freight Forwarding Brokerages & Agencies in the US - Industry Market Research Report

  • 31 pages, published in April 2016
  • By Ibisworld
  • Report Number: 237512

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Chugging along: US economic growth and increased consumer spending will boost demand



Abstract

Freight Forwarding Brokerages & Agencies in the US

Over the past five years, the Freight Forwarding Brokerages and Agencies industry was able to surpass prerecessionary levels as demand for industry services climbed. As a result, domestic freight volumes increased, which drove demand for industry services. Moreover, initially strong emerging markets growth encouraged trade, thereby increasing demand for the industry's trade-related services. However, over the next five years, emerging market growth is anticipated to slow, limited trade volumes and value. Furthermore, competition due to low barriers to entry and commoditization will cause consolidation. Nonetheless, the industry is anticipated to grow over the next five years.

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. Because 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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