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Freight Brokerage Market Report Overview
The global freight brokerage market attained a value of USD 63.14 Billion in 2025 and is projected to expand at a CAGR of 5.90% through 2035. The market is further expected to reach USD 112.01 Billion by 2035. Rising complexity in global supply chains, sustained growth in e-commerce driven freight volumes, and accelerating consolidation among technology enabled brokerage platforms are encouraging both established and digitally native providers to expand carrier networks and invest in AI driven capacity matching.
Key Market Trends and Insights
- Private equity backed consolidation is reshaping the freight brokerage market, as investors pursue acquisitions that combine scaled brokerage operations with shipping and logistics technology platforms to build unified, end to end capacity access.
- Scaled brokerages across the freight brokerage market are acquiring specialised third-party logistics providers to add dedicated capacity, drop trailer, and drayage capabilities, broadening service portfolios for shippers with complex, capacity constrained supply chain needs.
- Established brokerages are launching self-service digital platforms and artificial intelligence driven productivity tools to defend operating margins and capture smaller shipper volumes previously served only through dedicated account representatives.
Market Size & Forecast
- Market Size in 2025: USD 63.14 Billion
- Projected Market Size in 2035: USD 112.01 Billion
- CAGR from 2026 to 2035: 5.90%
- Fastest-Growing Regional Market: Asia Pacific
The freight brokerage market spans truckload, less than truckload, and intermodal services in which non-asset-based providers connect shippers with carriers, managing rate negotiation, capacity sourcing, documentation, and shipment tracking without owning transportation assets themselves. Demand continues to be shaped by growing supply chain complexity, sustained e-commerce driven freight volumes, and shippers' preference for flexible, technology enabled capacity access over managing fragmented carrier relationships directly. North America remains the most developed brokerage market, anchored by an established base of large publicly traded and privately held providers, while growth in Asia Pacific and Latin America is being driven by expanding trade flows and rising third party logistics adoption across both business to business and business to consumer shipment categories.
Manufacturers across the freight brokerage market are increasingly pursuing acquisitions that combine scaled brokerage operations with shipping and logistics technology platforms, reflecting growing strategic interest from private equity investors in unified, end to end capacity access spanning parcel, less than truckload, and full truckload shipments. In March 2026, Thoma Bravo entered a definitive agreement to acquire WWEX Group, the parent company of Worldwide Express and GlobalTranz Enterprises, and combine it with existing portfolio company Auctane, creating a combined logistics and shipping technology platform with WWEX Group's approximately USD 5 billion freight brokerage business integrated with Auctane's shipping software, in a transaction expected to close in the second quarter of 2026.
Beyond large scale consolidation, established brokerages are also pursuing acquisitions that add specialised capacity capabilities to their existing service portfolios, reflecting a broader industry shift toward combining scale with differentiated logistics offerings. In March 2026, Echo Global Logistics completed its acquisition of ITS Logistics, creating a combined entity with approximately USD 5.2 billion in projected 2025 revenue and integrating ITS's dedicated capacity and drop trailer pool solutions with Echo's technology platform, reinforcing a wider pattern of established providers using targeted acquisitions to expand their addressable service offerings rather than building specialised capabilities internally. Continued investment in artificial intelligence driven pricing and self-service digital platforms is expected to shape the competitive direction of the market through the remainder of the forecast period.
Compound Annual Growth Rate
5.9%
Value in USD Billion
2026-2035
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Key Trends and Recent Developments
C.H. Robinson launched a new self-service digital freight tool alongside its Lean AI Engineer capability within Managed Solutions, aimed at connecting unmet shipper and carrier needs with reduced manual complexity across the platform. Companies across the freight brokerage market can leverage self-service digital tools to reduce manual transaction overhead while expanding accessible load and carrier options for smaller shippers seeking simplified booking.
Werner Enterprises acquired privately held dedicated trucking company FirstFleet for approximately USD 245 million in cash, establishing Werner as the fifth largest Dedicated carrier in the United States and meaningfully increasing revenue from its higher margin Dedicated division. Companies across the freight brokerage market can leverage acquisitions of established dedicated carriers to add immediate scale and earnings accretion within higher margin service lines.
Hub Group closed its acquisition of the intermodal assets of Marten Transport for approximately USD 51.8 million in cash, adding around 1,200 refrigerated containers and positioning Hub Group as the second largest provider of temperature-controlled intermodal solutions in North America. Companies across the freight brokerage market can leverage targeted asset acquisitions to gain scale in specialised, high margin service niches without building capacity from scratch.
Hub Group closed its acquisition of certain assets of SITH, LLC, a West Coast final mile provider, bolstering its Final Mile service line and improving overall network capacity and profitability across key metropolitan markets. Companies can leverage bolt-on acquisitions of regional specialists to expand service coverage into new geographic and service niches efficiently.
AI Voice Agents Automate High Volume Carrier Sales Workflows
Freight brokerages across the freight brokerage market are increasingly deploying AI voice agents to handle repetitive carrier facing workflows such as inbound calls and load vetting, rather than relying on human sales representatives for first response. This helps brokerages cut response times and improve answer rates during peak volumes. In February 2026, MODE Global announced a collaboration with HappyRobot, an AI native logistics startup, to automate inbound carrier sales workflows, reporting first response times cut to zero and 100 percent answer rates.
Brokerages Establish Direct Mexico Operations to Control Cross-Border Freight
Established freight brokerages across the freight brokerage market are increasingly opening corporately owned offices inside Mexico rather than relying solely on local third-party partners to handle cross-border and intra-Mexico shipments. This helps brokerages improve shipment visibility and reduce security risks from multiple handoffs, while positioning them to capture growing intra-Mexico freight demand tied to shifting supply chains. In May 2026, MODE Global opened its first Mexico office in Puebla, providing full over-the-road, intermodal, air, and ocean services directly rather than through local partners.
Carrier Financial Services Expand Through Brokerage and Fintech Partnerships
Freight brokerages across the freight brokerage market are increasingly partnering with transportation fintech providers to offer carriers integrated factoring and digital banking services, rather than requiring carriers to source financial products separately. This helps brokerages strengthen carrier loyalty and improve cash flow reliability, giving carriers faster access to payment regardless of which broker they haul for. In July 2025, RXO, the parent company of Coyote Logistics, expanded its partnership with Triumph Financial to launch RXO Extra Factoring, combining Factoring as a Service with Triumph's LoadPay digital banking solution.
Group Purchasing Organizations Extend Reach into Freight Procurement
Freight brokerages across the freight brokerage market are increasingly forming preferred partnerships with group purchasing organizations serving non-logistics industries, rather than relying solely on direct sales relationships to reach enterprise shippers. This helps brokerages access pre-qualified buyer networks with established procurement relationships, while member organizations gain pre-negotiated pricing without running their own carrier sourcing process. In September 2026, RXO entered a preferred partnership with Enterprise Purchasing Group, becoming its official full truckload and less than truckload provider for the group's members.
Regional Office Expansion Supports Growing Freight Brokerage Sales Networks
Established freight brokerages are continuing to open new regional sales offices in high growth metropolitan markets rather than consolidating into fewer, larger hubs, reflecting confidence in long-term freight volume growth despite near-term softness. This helps brokerages recruit local sales talent and build closer relationships with regional shippers and carriers. In January 2025, Total Quality Logistics opened a new office in Fort Worth, Texas, its fifth office in the state, joining Austin, Houston, Dallas, and San Antonio.
Global Freight Brokerage Industry Segmentation
The Expert Market Research's report titled “Global Freight Brokerage Market Report and Forecast 2026-2035” offers a detailed analysis of the market based on the following segments:
Market Breakup by Services
- Intermodal
- Truckload
- Less than Truckload
Key Insight: Truckload brokerage accounts for the largest services share of the freight brokerage market, reflecting its role as the default mode for full container and trailer shipments across manufacturing, retail, and e-commerce supply chains. Less than truckload brokerage is growing quickly as digital consolidation platforms improve shipment matching efficiency for smaller volume shippers. Intermodal brokerage continues to expand, illustrated by J.B. Hunt, BNSF, and GMXT's May 2025 launch of Quantum de México, a new intermodal service converting over the road freight to rail between the United States and Mexico with a 95 percent on time delivery rate.
Market Breakup by Customer Type
- Business to Business (B2B)
- Business to Consumer (B2C)
Key Insight: Business to business customers account for the largest customer type share of the freight brokerage market, as manufacturing, retail, and distribution companies rely on brokers to manage complex, recurring shipment volumes across established carrier networks. Business to consumer demand is growing quickly as direct to consumer brands and e-commerce retailers increasingly depend on brokered capacity to manage variable, seasonally concentrated parcel and less than truckload volumes, while group procurement channels continue to reinforce business to business demand through pre-negotiated pricing arrangements.
Market Breakup by Mode of Transport
- Waterways
- Roadways
- Others
Key Insight: Roadways dominate the freight brokerage market by mode of transport, reflecting trucking's role as the primary domestic freight movement method across North America, Europe, and other developed logistics markets. Waterways serve international and bulk cargo movement where cost efficiency outweighs speed considerations, while other modes including rail and air freight brokerage serve specialised, time sensitive, or long haul cross-border shipment requirements, rounding out the multimodal toolkit brokers use to serve diverse shipper needs.
Market Breakup by End-Use Industry
- Retail and E-commerce
- Manufacturing
- Healthcare
- Automotive
- Others
Key Insight: Manufacturing is the largest end-use industry for freight brokerage services, driven by consistent, recurring shipment volumes across raw material and finished goods supply chains. Retail and e-commerce is among the fastest growing end-use segments as online retail volumes continue to expand, requiring dedicated capacity and drop trailer solutions to support complex retail distribution networks. Automotive shippers rely on brokered capacity for both inbound component logistics and outbound finished vehicle distribution, while healthcare shippers prioritise reliability and compliance for time sensitive and temperature-controlled shipments. Other end-use industries including construction and agriculture round out demand across the broader freight brokerage market.
Market Breakup by Region
- North America
- Europe
- Asia Pacific
- Latin America
- Middle East and Africa
Key Insight: North America leads the freight brokerage market, anchored by an established base of large publicly traded and privately held brokerages including C.H. Robinson, Total Quality Logistics, and XPO. Europe follows behind North America, supported by cross-border trade complexity that sustains demand for intermediary logistics services across the region. Asia Pacific is registering strong growth as expanding trade flows and rising third party logistics adoption increase demand for brokered capacity across fragmented regional carrier networks. Latin America and the Middle East and Africa remain smaller markets gradually expanding through rising trade volumes and logistics infrastructure investment. Access to working capital is also reinforcing North America's provider base, illustrated by Flexport's August 2025 partnership with BlackRock to provide up to USD 250 million in supply chain financing for shippers.
Global Freight Brokerage Market Share
By services, truckload dominates the market through its role as the default mode for full trailer shipments
Truckload brokerage holds the largest services share of the freight brokerage market, reflecting its role as the default shipment mode across manufacturing and retail supply chains that move full trailer volumes. Total Quality Logistics, the largest full truckload freight brokerage provider in North America, exemplifies this scale. Carrier performance data is also becoming a differentiator, illustrated by Loadsmart's February 2026 launch of the Opendock On-Time Delivery Awards, ranking top truckload carriers using data spanning 180,000 carriers and 14 million annual appointments.
Less than truckload brokerage is growing quickly as digital consolidation platforms across the freight brokerage market improve shipment matching efficiency for shippers with smaller than full trailer volumes, while intermodal brokerage is also expanding as shippers convert over the road freight to rail for cost and sustainability reasons on suitable long-haul lanes where rail networks offer competitive transit times. Rising fuel costs and driver capacity constraints continue to make rail conversion an attractive option for shippers with predictable, non-time critical volumes moving between major freight corridors.
By customer type, business to business dominates the market through recurring, high volume shipment demand
Business to business customers account for the largest customer type share of the freight brokerage market, as manufacturing, retail, and distribution companies rely on brokers to manage complex, recurring shipment volumes across established carrier relationships. Brokers are also testing new capacity models to serve time sensitive enterprise lanes, illustrated by Ryan Transportation's February 2026 partnership with Bot Auto to launch fully driverless autonomous freight operations on an overnight Houston to Dallas corridor for its enterprise shipper customers.
Business to consumer demand across the freight brokerage market is growing quickly as direct to consumer brands and e-commerce retailers increasingly depend on brokered capacity to manage variable, seasonally concentrated parcel and less than truckload volumes. Brokerages are also strengthening the carrier networks that support this variable demand through improved carrier financial tools and faster payment cycles, helping maintain reliable capacity during demand spikes tied to consumer driven volumes throughout peak shipping seasons and holiday driven order surges each year.
By mode of transport, roadways dominate the market through trucking's role as the primary domestic freight movement method
Roadways account for the largest mode of transport share of the freight brokerage market, reflecting trucking's position as the primary domestic freight movement method across North America and other developed logistics markets. XPO, one of the largest North American less than truckload carriers with brokerage operations spanning nearly all United States postal codes, illustrates the scale of roadway focused freight brokerage infrastructure supporting this dominant mode of transport across dense, high frequency freight corridors.
Waterways and other modes across the freight brokerage market including rail and air freight brokerage continue to serve international, bulk cargo, and time sensitive shipment requirements where cost efficiency or speed outweighs the flexibility roadway transport provides. In April 2025, DSV completed its EUR 14.3 billion acquisition of DB Schenker, creating the world's largest freight forwarder and adding more than 4 million TEU of annual sea freight capacity and approximately 2.5 million tonnes of annual airfreight capacity to its network.
By end-use industry, manufacturing dominates the market through consistent, recurring shipment volumes
Manufacturing is the largest end-use industry for freight brokerage services, driven by consistent, recurring shipment volumes across raw material and finished goods supply chains that require reliable, scheduled capacity access. Established brokerages including C.H. Robinson and Total Quality Logistics maintain extensive carrier networks built to serve this consistent, high volume demand base across global manufacturing and industrial supply chains, where predictable production schedules and long-term shipper relationships support stable, recurring brokerage revenue streams.
Retail and e-commerce are among the fastest growing end-use segments across the freight brokerage market as online retail volumes continue to expand, requiring dedicated capacity and last mile delivery solutions to support complex, high frequency distribution networks. In May 2026, DHL eCommerce entered a new exclusive multi-year agreement worth over USD 10 billion with the United States Postal Service for last mile parcel delivery, reflecting the scale of capacity commitments needed to serve growing retail and e-commerce delivery volumes.
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If you choose to purchase the full report at a later stage, the amount already paid will be adjusted, and you will only need to pay the remaining balance.
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Global Freight Brokerage Market Regional Analysis
North America holds the largest share of the market through an established base of large-scale brokerage providers
North America leads the freight brokerage market, anchored by an established base of large publicly traded and privately held brokerages including C.H. Robinson, Total Quality Logistics, XPO, and Echo Global Logistics, alongside a mature trucking infrastructure supporting high volume domestic freight movement. In October 2025, C.H. Robinson raised its 2026 operating income target range, citing stronger than expected benefits from its Lean AI strategy and continued market share growth, reflecting sustained profitability among the region's largest established providers.
Europe follows behind North America, supported by cross-border trade complexity across the region's dense network of national markets. In February 2025, C.H. Robinson sold its European Surface Transportation business to sennder Technologies GmbH, a digital freight forwarder, creating a combined entity with EUR 1.4 billion in revenue and a top five European truckload position. Asia Pacific is registering strong growth as trade flows and third-party logistics adoption increase demand, while Latin America and the Middle East and Africa remain smaller, expanding markets.
Competitive Landscape
The global industry is becoming increasingly consolidated as major freight brokerage companies invest in carrier network expansion, technology enabled capacity matching, and service diversification to defend their competitive position. Providers are prioritising artificial intelligence driven pricing, self-service digital platforms, and specialised capacity acquisitions to differentiate offerings in a market where core brokerage services are largely commoditised. Established players increasingly bundle truckload, less than truckload, and intermodal capacity into single procurement relationships, using carrier network density and data driven pricing to defend share against smaller regional competitors.
Major freight brokerage market players are also focusing on margin defence amid a prolonged freight market downturn, pursuing consolidation through acquisitions that add specialised capacity and technology capabilities. Strategic emphasis on self-service digital platforms is allowing established brokerages to capture smaller shipper volumes while serving large enterprise customers through dedicated account teams. Carrier facing investments, including financial services and identity verification tools, are also becoming a differentiator as brokerages compete for reliable capacity from a limited pool of vetted carriers.
C.H. Robinson Worldwide, Inc
Founded in 1905 and headquartered in Eden Prairie, Minnesota, United States, C.H. Robinson is a global third-party logistics provider offering truckload, less than truckload, intermodal, ocean, and air freight brokerage services, alongside managed transportation and supply chain consulting, serving customers and contract carriers worldwide through its Lean AI enabled platform.
Total Quality Logistics, LLC
Founded in 1997 and headquartered in Cincinnati, Ohio, United States, Total Quality Logistics is the largest full truckload freight brokerage provider in North America, arranging shipments across truckload, less than truckload, drayage, air, ocean, and rail modes through a network of more than 110,000 carriers.
XPO, Inc.
Founded in 2000 and headquartered in Greenwich, Connecticut, United States, XPO is a major North American less than truckload carrier that also operates truck brokerage, managed transportation, and intermodal freight brokerage services, with a network spanning nearly all United States postal codes and operations extending into Europe.
Echo Global Logistics, Inc.
Founded in 2005 and headquartered in Chicago, Illinois, United States, Echo Global Logistics is a technology-enabled freight brokerage and managed transportation provider offering truckload, less than truckload, intermodal, and warehousing services, with more than 60 locations across North America and a network of over 50,000 transportation providers.
Other key players in the market include Worldwide Express, LLC, Coyote Logistics, LLC, Landstar System Holdings, Inc, Mode Global, LLC, GlobalTranz Enterprises, LLC, and Hub Group, Inc, among others.
*Please note that this is only a partial list; the complete list of key players is available in the full report. Additionally, the list of key players can be customized to better suit your needs.*
Key Highlights of the Global Freight Brokerage Market Report
- Comprehensive evaluation of truckload, less than truckload, and intermodal freight brokerage adoption trends across major shipper industries.
- Analysis of private equity backed consolidation shaping the competitive freight brokerage landscape.
- Detailed competitive benchmarking of global freight brokerage providers and technology investment strategies.
- Regional opportunity analysis covering fast growing Asia Pacific trade flow and third-party logistics adoption trends.
- Strategic insights into self-service digital platform expansion and specialised capacity acquisition activity.
Why Rely on Expert Market Research?
- Industry-focused analysts tracking evolving freight brokerage technology and consolidation developments.
- Research combining provider strategies, corporate transaction analysis, and freight market indicators.
- Robust methodology integrating primary interviews with verified secondary intelligence.
- Actionable business recommendations supporting investment, expansion, and market entry decisions.
- Forward-looking insights identifying emerging consolidation and digital platform trends before mainstream adoption.
Call to Action
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Frequently Asked Questions About This Report
In 2025, the market reached an approximate value of USD 63.14 Billion.
The market is projected to grow at a CAGR of 5.90% between 2026 and 2035.
The market is estimated to witness a healthy growth in the forecast period of 2026-2035 to reach around USD 112.01 Billion by 2035.
Consolidation through acquisitions that add specialised capacity and technology capabilities, continued investment in artificial intelligence driven pricing and productivity tools, and expansion of self-service digital platforms to capture smaller shipper volumes.
The market is augmented by the rising adoption of automation and data analytics and the rapid growth of the e-commerce sector, enhancing the demand for freight services.
The major regional markets include North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.
The major end-use industries considered in the market report include retail and e-commerce, manufacturing, healthcare, and automotive, among others.
The key players in the market include C.H. Robinson Worldwide, Inc, Total Quality Logistics, LLC, XPO, Inc., Echo Global Logistics, Inc., Worldwide Express, LLC, Coyote Logistics, LLC, Landstar System Holdings, Inc, Mode Global, LLC, GlobalTranz Enterprises, LLC, and Hub Group, Inc, among others.
Providers face prolonged freight market rate softness, margin pressure from digitally native competitors, driver and carrier capacity constraints, and rising technology investment requirements to remain competitive.
Report Summary
Explore our key highlights of the report and gain a concise overview of key findings, trends, and actionable insights that will empower your strategic decisions.
| REPORT FEATURES | DETAILS |
| Base Year | 2025 |
| Historical Period | 2019-2025 |
| Forecast Period | 2026-2035 |
| Scope of the Report |
Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:
|
| Breakup by Services |
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| Breakup by Customer Type |
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| Breakup by Mode of Transport |
|
| Breakup by End-Use Industry |
|
| Breakup by Region |
|
| Market Dynamics |
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| Competitive Landscape |
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| Companies Covered |
|
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