"I'm more excited about the supply chain enabler side of it, that's actually building some of that tech to help brokers get more efficient, help shippers get more efficient, and help carriers get more efficient."
Freight Brokerages See Biggest Drop Since 2014
The number of operating freight brokerages has experienced its most significant decrease since a notable dip in 2014, with growth rates turning negative from July 2023. By October 2023, the count of active and authorized brokerages decreased by 5.6% compared to the same month in the previous year. This decline follows a period of rapid expansion during the pandemic.