Characteristics of next-gen digital freight brokerage platforms that equip shippers and carriers for efficient trucking operations receive popularity in transportation and logistics sector
Analysts at TMR project the Digital Freight Brokerage Market to expand at a CAGR of 33% during the forecast period from 2020 to 2030. The extensive use of smartphones and mobile applications for efficient shipping and logistics operations fuels the growth of the digital freight brokerage market. Solutions in the digital freight brokerage market include mobile applications that enables shippers and carriers to interact directly and match their services for transportation and logistics.
The significant rise in volume of container shipping and air freight has led to rapid adoption of digital technologies in the transportation and logistics sector. Consistent efforts of air freight companies to address complexities in air freight management and improve various aspects of the value chain are compelling the need of third-party services, including digital freight brokerage.
Significant capital investments leading to increasing use of technology is favorable to the growth of the digital freight brokerage market. This is attracting a number of small-to-large scale digital freight brokerage companies to enter the fray.
The inclination of established transportation management companies to partner with digital freight brokers is creating new frontiers in the digital freight brokerage market. The announcement of partnership of Uber Freight and Cloud Logistics by E2open to provide added value, flexibility, and control of shipping logistics is a case in point. The move is expected to offer shippers transparency, and an exceptional degree of ease in the current fast-moving market.
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Digital Freight Brokerage Market – Key Findings of Report
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Digital Freight Brokerage Market – Growth Drivers
Digital Freight Brokerage Market – Key Players
Some of the key players operating in the digital freight brokerage market are;
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Nov 04, 2022