Active Freight Brokerages Decline In October

The number of active freight brokerages has declined to 25,979, following the closure of 237 brokerages in September 2024. This represents an 11.8% decrease compared to last year and a 16.7% drop compared to two years ago.

Here is a summary of market changes over the years:

• 6-Month: (-5.4%)
• 1-Year: (-11.8%)
• 2-Year: (-16.7%)
• 3-Year: (-6.1%)
• 4-Year: 14.1%
• 5-Year: 23.0%

The market continues to face challenges, primarily due to an oversupply of trucking capacity, which affects both brokers and carriers. Significant rate increases are unlikely unless there are further trucking exits or a notable increase in load volumes.