Sunbelt Finance Rates-and-Margins-Apr2018 Freight Brokers Profits Up Featured Freight Brokers Industry News

Freight Brokers Profits Up

DAT.com is reporting freight broker operating profits were more than nine times higher than this time last year. While broker revenue increased 67%, labor and other cost only rose 37%. As a result, 30% of net revenue went straight to the bottom line.

Gross margins for brokers average 13.8% in April, only slightly higher than this time in 2017, but a 12% increase over March 2018. Broker volume was also up 41% as compared to March 2018.

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