Market Reports recently broadcasted a new study in its database that highlights the in-depth market analysis with future prospects of Freight Broker market.
Some of the key players mentioned in this research are C.H. Robinson, Expeditors, Landstar System, TQL, Coyote Logistics, XPO Logistics, Yusen Logistics, Echo Global Logistics, JB Hunt Transport, Worldwide Express, Hub Group, GlobalTranz Enterprises, Allen Lund, Transplace, Werner Logistics.
The boost in the global digital freight brokerage market is due to the rise in usage of smartphones, improved wireless connectivity, and advantages given by digital platforms such as accuracy, better efficiency, less time consuming, reduced costs, and permits transparent business.
Some of the factors that boost the rising penetration of smartphones & tablets and the integration of technology and growth in licensed brokers are expected to spur the demand over the forecast period. Moreover, the huge capital investments required for developing such software and to overcome the logistic challenges are anticipated to hamper the growth of the market.
The tech-enabled services have offered prominent opportunities for freight brokers to provide transformational value to the market.
The increasing demand for shipping transportation across the globe is expected to boost the market in the forecasting period.
Growth + Change = Opportunity!