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Developing regions are witnessing extensive demand for 3PL services due to the growth in transportation and logistics infrastructure. Logistics companies are competing intensely in international and domestic markets. The growing demand for outsourced 3PL services in the Americas is one of the primary freight brokerage market drivers in the Americas. The increased operational efficiency and cost savings provided by 3PL services will influence the demand for contract logistics services. With the steady capital inflow in the supply of new assets, the 3PL market in South America will witness significant growth. Furthermore, the growing investments in transport infrastructure will also provide strong scope for logistics. The freight brokerage market research has predicted this market to generate a revenue of more than USD 80 billion by 2022.
The increase in import and exports will be one of the key freight brokerage market trends. Economic development is supported by the consumption and export of products that demand efficient integrated logistics services and the management of logistics-related services and transportation. Manufacturers and retailers already demand efficient logistics services to cater to the growing trade and transportation activities.
The freight brokerage market in the Americas is majorly fragmented owing to the presence of numerous international and regional vendors. The diversified regional vendors are competing intensely with the global vendors in terms of features and prices. Factors such as the increase in product extensions, technological innovations, and M&A will further intensify the competitive environment among the players in the transportation broker market. In the coming years, the large freight broker companies will focus on acquiring the regional or local players and grow inorganically.
According to the freight brokerage market report, the leading vendors in the market are:
The other prominent vendors in the market are GlobalTranz Enterprises, Roadrunner Transportation System, Unishippers Global Logistics, and Worldwide Express.
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The large volume of FTL freight transportation is driving the growth of the full truckload (FTL) segment in this transportation broker market. FTL is cost-effective because they do not need to be reloaded and unloaded during transportation. Uber is the primary on-demand cab service provider in this region. Uber matches shippers with carriers to provide on-demand long-haul trucking service.
The growing freight transportation in the US is contributing to the high revenue share of US in this transportation broker market. The growing demand for freight transportation and the rising support from the government will drive the growth of the freight brokerage market in this region. Additionally, the rising population and the increase in economic activities will further boost the growth of the market in the US.
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PART 01: EXECUTIVE SUMMARY
PART 02: SCOPE OF THE REPORT
PART 03: RESEARCH METHODOLOGY
PART 04: INTRODUCTION
PART 05: MARKET LANDSCAPE
PART 06: MARKET SIZING
PART 07: FIVE FORCES ANALYSIS
PART 08: MARKET SEGMENTATION BY SERVICE TYPE
PART 09: CUSTOMER LANDSCAPE
PART 10: REGIONAL LANDSCAPE
PART 11: DECISION FRAMEWORK
PART 12: DRIVERS AND CHALLENGES
PART 13: MARKET TRENDS
PART 14: VENDOR LANDSCAPE
PART 15: VENDOR ANALYSIS
PART 16: APPENDIX
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