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Digital Freight Brokerage Market Share

Report ID: GMI11522
Published Date: Sep 2024
Report Format: PDF

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Digital Freight Brokerage Market Share

Uber Freight, C.H. Robinson Worldwide, Inc., and Echo Global Logistics, Inc. hold a significant market share of over 15% in digital freight brokerage industry. These major companies are expanding their service portfolios and forming strategic partnerships to strengthen their market positions. These strategic moves demonstrate the industry's trend towards more integrated, end-to-end logistics solutions that can address the complex needs of modern supply chains.

Additionally, players such as XPO Logistics and Uber Freight are also heavily investing in advanced technologies such as artificial intelligence and machine learning to enhance their service offerings. They are developing sophisticated matching systems that can instantaneously pair shippers with the most suitable carriers based on numerous factors including location, capacity, and performance history.

Digital Freight Brokerage Market Companies

Major players operating in the digital freight brokerage industry are:

Bluegrace Logistics
C.H. Robinson Worldwide
Coyote Logistics
DAT Solutions
Echo Global Logistics
Loadsmart
Redwood Logistics
Transfix
Uber Freight
XPO Logistics

Authors: Preeti Wadhwani, Pramod Borasi

Frequently Asked Questions (FAQ) :

The market size of digital freight brokerage reached USD 4.2 billion in 2023 and is set to grow at a CAGR of over 5% between 2024 and 2032, fueled by technological advancements and the need for more transparent logistics processes.

The roadway segment dominated the market in 2023, with a valuation of over USD 2 billion, benefiting from its flexibility, accessibility, and the integration of technologies like GPS tracking and Electronic Logging Devices (ELDs).

North America dominated the global market in 2023, accounting for over 35% of the market share, supported by the region’s advanced technological infrastructure and the presence of major logistics players.

Major players in the market include Bluegrace Logistics, C.H. Robinson Worldwide, Coyote Logistics, DAT Solutions, Echo Global Logistics, Loadsmart, Redwood Logistics, Transfix, Uber Freight, and XPO Logistics.