LOGISTICS y
urety dustry broker
FOR A NUMBER of reasons , freight brokers have been enjoying increased revenue in the past year . The ongoing economic recovery is bringing an increase in demand for trucking services , and the good news is that this trend is expected to continue for several more years . A report by the American Trucking Association ( ATA ) predicts that by 2022 , overall revenue in the trucking industry will increase by 66 percent , while tonnage will see a 24 percent growth .
Another reason for increased revenue is improved logistics efficiency . The further use of lessthan-truckload ( LTL ), a territory reserved for freight brokers , means speedier shipments for shippers and more profits for brokers .
Entry into freight brokering When the freight broker bond amount was increased to $ 75,000 in 2013 , one rationale for the increase was to raise standards for freight brokers and , in retrospect , the strategy seems to have been successful .
It ’ s true that a small percentage of brokers were forced out of business . However , the remaining brokers were people with good credit and reliability
7