What is the largest freight brokerage in the world? (2024)

What is the largest freight brokerage in the world?

With a net revenue of around 2.2 billion U.S. dollars, C.H. Robinson is the largest freight brokerage firm in the world in terms of net revenue in 2022. Total Quality Logistics ranked second with a net revenue of some two billion U.S. dollars.

Who is the richest freight broker?

Who is the biggest transport company in the world?

The World's Largest Transportation Companies 2022: UPS Passes FedEx For The Top Spot. I write about buyouts, mergers, acquisitions and other dealmaking. UPS is now the largest transportation company in the world.

Which freight broker pays the most?

Who is the biggest freight broker in the USA?

Robinson is one of the largest freight brokerage companies in the world, handling more than 20 million shipments every year. A company rooted in technology and innovation, C.H. Robinson offers supply chain solutions complemented by a robust customer portal.

Who is the largest freight broker in the United States?

Robinson is the world's largest freight broker, with net revenue of roughly $1.5 billion.

Can freight brokers make 7 figures?

Yes, freight brokers can indeed make 7 figures – many have successfully grown 6, 7 and even 8 figure businesses.

What is the most profitable freight?

Hazmat Hauling

The Hazmat industry has some of the best paying trucking companies. This is because Hazmat hauling involves transporting hazardous materials such as chemicals, fuel and explosives.

What is the fancy name for a freight broker?

Broker (Freight): Also known as a Freight Forwarder or Third-Party Logistics company (3PLs), that operates as a middleman between the customer and the carrier to negotiate freight rates, services and manage any complications throughout the shipment lifecycle.

Who is the richest trucking company owner?

Tom Love and his wife Judy ranked No. 209 on Forbes new list of the world's billionaires, which makes them the richest couple in trucking. With holdings estimated at over $7 billion, the founders of Love's Travel Stops & Country Stores lead the trucking industry in personal wealth.

What is the most rich trucking company?

What's the oldest trucking company?

The oldest carrier in the world didn't start with a truck; it started with a horse and wagon team! What is now the Jones Motoring Group began in 1894 when John Jones, an immigrant from Wales, turned his horse and cart into a fleet.

Can a freight broker make millions?

The fact is, the freight brokerage business is very fragmented with thousands of brokers and the majority of freight brokerage firms does less than $5 million per year in sales. It's important to note that while gross revenue is great, the key lies in running a profitable and sustainable business.

How much do top freight brokers make?

How stressful is being a freight broker?

Being an Independent Freight Agent can be extremely demanding. If you're not careful, you might find yourself working over 60 hours a week! You should do everything you can to keep and maintain a regular work schedule. It helps provide structure, builds good habits, and will increase your efficiency.

Who is the biggest freight forwarder in the world?

Who is the largest LTL freight carrier?

The largest LTL carriers are FedEx Freight, XPO Logistics, and Old Dominion. FedEx and UPS are the two significant players for cross-border and small parcel shipping. It's important to know the top LTL players in the industry because they account for 82.8% of the top LTL revenue.

What company ships the most freight?

Why do freight brokers make so much money?

Freight brokers make their money in the margin between the amount they charge each shipper (their customer) and what they pay the carrier (the truck driver) for every shipment. Although it varies from one transaction to the next, healthy freight brokers typically claim a net margin of 3-8 percent on each load.

Is there a high demand for freight brokers?

High Demand and Growth

According to the U.S. Bureau of Labor Statistics (BLS), industries that hired the most cargo brokers include: Freight transportation arrangement (52,450 jobs) Couriers and express delivery services (7,570 jobs)

Is becoming a freight broker worth it?

According to Indeed.com, the average national salary for freight brokers is $62,105 plus about $28,000 in commission per year. The average starting salary is solid, too, at around $40,000, with unlimited opportunities for commission.

What is the average margin for a freight broker?

Data from throughout 2020 has shown us that freight brokers are averaging around 15% overall with each load yielding around $270 in profit. I tend to find most successful brokers average somewhere between 12-18% in margin.

What percentage do freight brokers keep?

According to a Freight Waves survey, the average commission is 13% to 15% of a load's net revenue. Example: A shipper pays $4,000 to a licensed freight broker to move a load. The freight broker negotiates $3,000 with the trucking company to transport the load, leaving $1,000 net revenue.

What state has the most freight?

Texas: The Lone Star State's Dominance in Freight Transportation. Texas, the second-largest state in the U.S., naturally claims a leading role in the trucking industry. With its extensive highways and a thriving economy, Texas provides a robust infrastructure that efficiently handles the high volume of freight loads.

What type of trucking is most in demand 2024?