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Global Digital Freight Brokerage Market Opportunities, Forecast to 2025

  • ID: 4733484
  • Report
  • Region: Global
  • 166 Pages
  • Frost & Sullivan
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With Venture Capitalist Funding Stoking Digital Brokerage Solutions That Improve Trucking Efficiency by Minimizing Empty Miles, Truck Brokerage Digitization to Grow at CAGR 33.6% Between 2017-2025

FEATURED COMPANIES

  • 123 Loadboard
  • Chronotruck
  • Freightex
  • Huochebang
  • Quicargo
  • TIMOCOM GmbH
  • MORE

Empty miles account for about 40-30% of all trips made by commercial trucks globally. This translates to fuel waste, non-productive emissions, wasted driver hours, inflated operational costs as well as unnecessary road congestion. Empty miles are primarily on account of empty-back hauls due to the inherent opacity and slowness of the traditional road-freight brokerage process. Digital brokerage solutions- whether load boards or automated-on-demand solutions popularly referred to as ‘Uber for Trucks’, have tremendous potential to solve the problem of empty miles. This study “K252-18: Global Digital Freight Brokerage Market Opportunities, Forecast to 2025” examines the potential that digital brokerage solution have till 2025.

Reduction in empty miles translates to reductions in transportation costs, emissions, traffic congestion while improving fleet profitability and driver wellness. A slew of technology start-ups focused on road-freight brokerage are being well-funded by the venture capitalists community. In 2017 alone, funding for digital brokerage solutions crossed $1 Billion across regions. The trend has kept up in 2018 with the following being some of the top news-making investments in digital freight brokerage companies:

  • $1.9 Billion investment by Softbank, Google and others in Manbang Group, China in April 2018
  • $60 Million investment in Series D round of funding for CragoX, Brazil in August 2018
  • $185 Million Series C round of funding in Convoy, The United States in September 2018
  • $27 Million Series D round of funding in Blackbuck, India in October 2018

Mergers and acquisitions have also been rife in this industry with Chinese digital brokerage rivals Yunmanman and Huochebang merging in November 2017 to create Manbang group, valued at over $2 Billion. Traditional logistics and brokerage companies have also sought to tap into the digital economy with UPS shelling nearly $2 Billion to acquire Coyote Logistics, The United States in 2015 and then went on to acquire Freightex, Europe in 2017 to expand its digital brokerage coverage. However, digital brokerage solutions are yet to be whole heartedly embraced by fleets across regions with instances of strong resistance/ backlash even being reported. An example is the Chinese truckers demonstration against Manbang in June 2018 where they accused the platform of squeezing margins amid a scenario of rising fuel prices. There have also been well-funded start-ups that showed tremendous potential starting as early as 2015 but ran into operational issues such as Cargomatic Inc, The United States and TruckMandi, India. While Cargomatic has managed to secure fresh funding in September 2018, TruckMandi is now defunct.

Key Issues Addressed

  • How will freight brokerage market evolve by 2025? What will be the market share of various solution types?
  • What will be the technology focus of key brokerage providers in each region?
  • What are the key concerns of shippers and carriers in using mobile freight brokerage solutions?
  • What are the various digital freight brokerage solutions available presently? How do they compare against one-another?
  • What is the projected market revenue opportunity for freight brokerage solutions in 2025?
Note: Product cover images may vary from those shown
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FEATURED COMPANIES

  • 123 Loadboard
  • Chronotruck
  • Freightex
  • Huochebang
  • Quicargo
  • TIMOCOM GmbH
  • MORE

1. Executive Summary

  • Executive Summary - Key Takeaways
  • Executive Summary - Digitization in Freight Brokerage
  • Executive Summary - 2018 a Record Year for Digital Technologies
  • Executive Summary - Economic/Environmental Impact of Empty Miles
  • Executive Summary - New Digital Brokerage Business Models
  • Executive Summary - Case Study: Cargomatic
  • Executive Summary - Growth Potential of Various Solutions
  • Executive Summary - Brokerage Market Size 2017-2025

2. Research Scope, Objectives, Background, and Methodology

  • Research Scope
  • Research Aims and Objectives
  • Key Questions this Study will Answer
  • Research Background
  • Research Methodology
  • Key Companies Considered in this Study

3. Definitions and Segmentation

  • Brokerage Solutions Definitions

4. Freight Market Overview

  • Global Logistics Spending
  • Road Freight Market Size 2017
  • Sources of Road Freight Capacity Utilization Inefficiencies
  • North America Long-haul Capacity Utilization Rates
  • Europe Long-haul Capacity Utilization Rates
  • South America Long-haul Capacity Utilization Rates
  • China Long-haul Capacity Utilization Rates
  • India Long-haul Capacity Utilization Rates
  • Freight Brokering Value Chain/Ecosystem
  • Automated On-demand Solutions Mapping
  • Value-added Services

5. Freight Brokerage Solutions

  • Differences Between Freight Broker and Freight Forwarder
  • Freight Brokerage - Evolution of Services
  • Brokerage Solution Types
  • Brokerage Solution Mapping
  • Potential Value-added Services in Brokerage
  • Digital Freight Brokerage Business Model
  • Enablers, Disablers, and Supporting Technology
  • Manbang - $6 Billion in Valuation, $20 Million in Revenue
  • New Digital Brokerage Business Models
  • Cargo Chief - Adapting Business Model to Market

6. Overview of Investment Activities and Revenue Growth in Digital Brokerages

  • Key Acquisitions/Investments in 2013-2014
  • Key Acquisitions/Investments in 2015
  • Key Acquisitions/Investments in 2016
  • Key Acquisitions/Investments in 2017
  • Key Acquisitions/Investments in 2018
  • Key Acquisitions/Investments During 2013-2018

7. Global Landscape of Digital Freight Brokerage

  • Global Landscape of Digital Freight Brokerage
  • Top 10 Global Automated On-demand Freight Brokerage Solutions

8. Challenges with Digitalization of Brokerage

  • Unique Characteristics of the Freight Market
  • Carrier and Shipper Apprehensions
  • Algorithm in Place of a Human
  • Cyber Security Threats and Litigation
  • Case Study - Indian Digital Freight Brokers
  • Case Study - Palleter
  • Case Study - Cargomatic

9. Freight Brokerage Market Forecast 2017-2025 - North America

  • NA Digital Solutions, a $11.58 Billion Market by 2025
  • NA Automated On-demand Brokerage Adoption Scenario Analysis
  • Electronic Logging Device (ELD) - Facilitating Freight Aggregation

10. 2017 US HD Fleet Manager - Voice of Customer Research

  • Channels Used for Finding Load
  • Interest and Key Challenges

11. Profiles of Key Automated On-demand Brokerage Solutions - North America

  • Convoy - Company Profile
  • Convoy - Product Portfolio
  • Loadsmart - Company Profile
  • Loadsmart - Product Portfolio
  • Transfix - Company Profile
  • Transfix - Product Portfolio
  • Uber Freight - Company Profile
  • Uber Freight - Product Portfolio
  • Freightera Logistics - Company Profile
  • Freightera Logistics - Product Portfolio

12. Profiles of Top Digital Loadboards - North America

  • DAT Solutions LLC - Company Profile
  • DAT Solutions LLC - Product Portfolio
  • Truckstop.com - Company Profile
  • Truckstop.com - Product Portfolio
  • 123 Loadboard - Company Profile
  • 123 Loadboard - Product Portfolio
  • uShip - Company Profile
  • uShip - Product Portfolio

13. Profiles of Key Traditional Brokerage/3PL’s Digital Solutions - North America

  • Coyote Logistics (Freightex) by UPS - Company Profile
  • Coyote Logistics (Freightex) by UPS - Product Portfolio
  • XPO Logistics - Company Profile
  • XPO Logistics - Product Portfolio
  • C.H.Robinson (Freightquote) - Company Profile
  • C.H.Robinson (Freightquote) - Product Portfolio

14. Freight Brokerage Market Forecast 2017-2025 - Europe

  • EU Digital Brokerage Solution - A $7.3 Billion Market by 2025
  • EU Automated On-demand Brokerage Adoption Scenario Analysis

15. Profiles of Key Automated On-demand Brokerage Solutions - Europe

  • FretLink - Company Profile
  • FretLink - Product Portfolio
  • Quicargo - Company Profile
  • Quicargo - Product Portfolio
  • Chronotruck - Company Profile
  • Chronotruck - Product Portfolio

16. Profiles of Top Digital Loadboards - Europe

  • TIMOCOM GmbH - Company Profile
  • TIMOCOM GmbH - Product Portfolio
  • Teleroute - Company Profile
  • Teleroute - Product Portfolio
  • Haulage Exchange - Company Profile
  • Haulage Exchange - Product Portfolio

17. Profiles of Key Traditional Brokerage/3PL’s Digital Solutions - Europe

  • Saloodo by DHL - Company Profile
  • Saloodo by DHL - Product Portfolio
  • LKW Walter - Company Profile
  • LKW Walter - Product Portfolio

18. Freight Brokerage Market Forecast 2017-2025 - South America

  • South America Digital Brokerage Solution - $1.13 Billion Market by 2025
  • SA Automated On-demand Brokerage Adoption Scenario Analysis

19. Profiles of Key Automated On-demand Brokerage Solutions - South America

  • CargoX - Company Profile
  • CargoX - Product Portfolio
  • TruckPad - Company Profile
  • TruckPad - Product Portfolio

20. Freight Brokerage Market Forecast 2017-2025 - China

  • China Digital Brokerage Solution, a $31.94 Billion Market by 2025
  • China Automated On-demand Brokerage Adoption Scenario Analysis

21. Profiles of Key Automated on-demand Brokerage Solutions - China

  • Manbang - Company Profile
  • Manbang - Product Portfolio
  • Fuyoukache - Company Profile
  • Fuyoukache - Product Portfolio

22. Freight Brokerage Market Forecast 2017-2025 - India

  • India Digital Brokerage Solution, a $2.25 Billion Market by 2025
  • India Automated On-demand Brokerage Adoption Scenario Analysis

23. Profiles of Key Automated On-demand Brokerage Solutions - India

  • BlackBuck - Company Profile
  • BlackBuck - Product Portfolio
  • Rivigo - Company Profile
  • Rivigo - Product Portfolio

24. Growth Opportunities in the Global Freight Brokerage Market

  • Growth Opportunity 1 - Leverage on Technology to Enhance Value
  • Strategic Imperatives for Success and Growth

25. Conclusion

  • Key Conclusions
  • The Last Word - 3 Big Predictions
  • Legal Disclaimer

26. Appendix

  • Market Engineering Methodology
  • Learn More - Next Steps
  • List of Exhibits
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  • 123 Loadboard
  • BlackBuck
  • C.H.Robinson (Freightquote)
  • Cargo Chief
  • Cargomatic Inc
  • CargoX
  • Chronotruck
  • Convoy
  • Coyote Logistics (Freightex) by UPS
  • CragoX
  • DAT Solutions LLC
  • Freightera Logistics
  • Freightex
  • FretLink
  • Fuyoukache
  • Google
  • Haulage Exchange
  • Huochebang
  • LKW Walter
  • Loadsmart
  • Manbang group
  • Palleter
  • Quicargo
  • Rivigo
  • Saloodo by DHL
  • Softbank
  • Teleroute
  • TIMOCOM GmbH
  • Transfixo
  • TruckMandi
  • TruckPad
  • Truckstop.com
  • Uber Freight
  • UPS
  • uShip
  • XPO Logistics
  • Yunmanman
Note: Product cover images may vary from those shown
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