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.
Link to Source: https://www.ccjdigital.com/2020-data-more-bust-than-boom-for-freight-brokers/
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.”