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Uber for Trucks: Executive Analysis of the North American Mobile-based Freight Brokerage Market

  • August 2015
  • -
  • Frost & Sullivan
  • -
  • 51 pages

Summary

Table of Contents

Uber Model for Trucking Poised to Revolutionize Freight Mobility

This research service analyzes the North American heavy-duty truck mobile-based freight brokerage market, including an assessment of market dynamics such as industry challenges, market and technology trends, value proposition, Mega Trend implications, and market forecasts. Forecasts examine the growth potential of freight brokerage enabled through mobile platforms with regard to business models, freight logistics, driver solutions, and estimated adoption timelines. Moreover, insights about the current and future competitive environment of leading market participants are included.

Summary of Key Findings
Growth of connectivity technologies and development of autonomous driving technologies deliver a new era of freight brokerage
through mobile devices during driver rest periods. By 2025, % of 3rd-party logistics will be enabled through mobile platforms.

Mobile-based Freight Brokerage Market: Key Findings, North America, 2014–2025

Market Size 2014 Mobile-based freight brokerage is a nascent market, with a penetration rate lower than %, generating approximately $ million in total revenues.

North American Market Leaders
Several innovative firms such as Cargomatic, Transfix, CoyoteGO, and Keychain Logistics are pioneering the development of mobile-based freight brokerage, whereas other freight brokers such as Coyote are
expanding their solutions onto the mobile platform.

Key Consumer
Segment Small-sized for-hire fleets ( vehicles or fewer) and owneroperators are key consumer segments targeted as the lowest hanging fruits by mobile-based freight brokerage firms. Medium/large-sized and
private fleets will likely adopt this solution over the next to years to optimize asset utilization rates.

Key Solutions
Free mobile app, automated back-office processing, instant load finder/matchmaker, transportation management systems (TMS), and a price quote system are emerging as key solutions for attracting fleets.

Forecast (2014–2025)
The total mobile-based freight brokerage market is expected to grow at a CAGR of % and generate $ billion in revenue in 2025.

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