Data shows 2020 was more bust than boom for freight brokers

DFM Commentary:

While freight brokers are under-fire from owner-operators and carriers, new analysis from Criss Wilson, at McLeod Software shows the wide swings in load profitability. With a shortage of trucks during the current season, rates and margins will remain high. Digitalization and clean data, with which to do analysis and forecasting, will help brokers weather future volatility.

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Quotes from Article:

“Based on an analysis of more than 3 million freight transactions in 2020, most brokers average margins were below 15%.”
“With so many transactions in the “bust” zone, brokers had to offset them with big wins just to stay afloat.”

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