Description
The Global freight broker market was valued at USD 60342 Million in 2021, and it is expected to grow at USD 91643 Million in 2028 with a CAGR of 5.3 % during the forecast period of 2022-2028. Integration of technology and expansion in licensed brokers is anticipated to push the growth of the freight brokerage market. Freight trades make an enormous amount of data that a digital freight brokerage will process daily. By integrating technology, it can automate tasks and enhance efficiency. Freight brokers help carriers in maximizing the efficiency of their goods. In other words, by putting back-hauls and making more efficient paths, each vehicle can perform more work for less money. This benefit is anticipated to force the freight brokerage market during the forecast period.
