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What Are the Best Freight Brokerage Companies?

Armed with the best freight brokerage companies, shippers can weather any storm. The huge network of carriers these companies can tap into assures you the best rate for your freight shipment. 

However, knowing the biggest freight brokerage companies is not good enough in 2021. Examining several factors is significant when selecting the perfect Freight broker for you. Familiarise yourself with the best freight broker companies available and delve into the factors that should affect your choice of a freight brokerage company now. 

Quicklook: Best Freight Brokerage Companies

  • Redwood Logistics
  • J.B. Hunt Integrated-Capacity Solutions
  • Worldwide Express
  • Landstar System
  • MODE Transportation
  • Echo Global Logistics 
  • XPO Logistics 
  • Coyote Logistics 
  • Total Quality Logistics
  • H. Robinson Worldwide

10 Best Freight Brokerage Companies

Freight brokerage is a competitive market. Any business with stability and an empire that matches their reputation, along with the variety of the services and reasonable pricing, could potentially be the freight brokerage for you. 

Who are the best freight brokers then? Here are our top ten picks for you! 

C.H. Robinson Worldwide 

Best For: Large and Constant Shipments

C.H. Robinson Worldwide is the biggest and most successful freight brokerage company in the world. Ranking in the 191st position on the Fortune 500 list of top companies, C.H. Robinson has over a century of experience in the freight brokerage industry. The company operates from four continents and has contractual relationships with over 66,000 transport companies. 

Types of Freight: 

  • Air and expedited loads 
  • Rail intermodal
  • LTL
  • Dry van truckload
  • Flatbeds 
  • Heavy hauls 
  • Refrigerated
  • Bulk loads on tanks 

Gross Revenue: 

  • $1,517.1 million 

Net Revenue: 

  • $11,312.6 million

Benefits: 

  • Trusty freight brokerage 
  • Long history in the industry 
  • Strong goodwill 
  • A wide array of services
    • Supply chain analysis
    • Freight consolidation
    • Warehousing 

Disadvantages:

  • High truckload rates
  • Ocean rates

Pricing: 

  • Request a quote 

Total Quality Logistics

Best For: Handling Cargo with Specific Needs

Total Quality Logistics (TQL) is a privately held freight brokerage firm that was established in 1997. TQL operates out of Cincinnati, Ohio, though the company provides services all throughout the United States.

Types of Freight: 

  • Rail intermodal 
  • LTL
  • Dry van truckloads 
  • Refrigerated freight 
  • Flatbeds 
  • Heavy hauls
  • Bulk loads on tanks 

Gross Revenue: 

  • $736 million

Net Revenue: 

  • $4,138 million

Benefits: 

  • A good carrier dashboard 
  • Technologically-sound freight brokerage

Disadvantages:

  • Lacks air
  • Expedited freights

Pricing: 

  • Request a quote for the price

Coyote Logistics 

Best For: Fresh and Affordable Supply Chain Solutions

Coyote Logistics is known for its flexible, multimodal, and highly scalable equipment solutions that offer customers fresh freight ideas. With several quote requests available, it is rising through the ranks and heading to the top spot of all freight brokerages.

Types of Freight: 

  • Rail intermodal
  • LTL
  • Dry van truckloads 
  • Refrigerated
  • Flatbeds
  • Heavy hauls

Gross Revenue: 

  • $550 million

Net Revenue: 

  • $4,280 million

Benefits:

  • Reliable insurance
  • Timely delivery

Disadvantages:

  • No additional specialized freight services 

Pricing: 

  • $4.40 per mile

XPO Logistics 

Best For: Modern Cargo with Detailed Freights

XPO Logistics is a global logistics provider of supply chain solutions operating from Greenwich, Connecticut. Founded in 2011, XPO Logistics is a relatively new brokerage company.

Types of Freight: 

  • Air and expedited shipments 
  • Rail intermodal
  • LTL
  • Dry van truckloads 
  • Refrigerated
  • Flatbeds 
  • Heavy hauls 

Gross Revenue: 

  • $511 million

Net Revenue: 

  • $2,706 million

Benefits: 

  • Provides special freight services for sensitive cargo 
  • Good technological integration with service

Disadvantages:

  • Fairly new company
  • Just started in 2011

Pricing: 

  • Request a quote for the price

Echo Global Logistics 

Best For: Small- to Medium-Level Businesses

Echo Global Logistics is a provider of supply chain management and transportation services. Operating out of Chicago, Illinois, Echo Global Logistics was founded in 2005 with the intention of simplifying transportation management. 

Types of Freight: 

  • Air and expedited shipments 
  • Rail intermodal
  • LTL
  • Dry van truckloads 
  • Refrigerated freight 
  • Flatbeds 
  • Heavy hauls 
  • Bulk loads on tanks 

Gross Revenue: 

  • $393.2 million

Net Revenue: 

  • $1,936.7 million

Benefits: 

  • Available on both a single and long-term basis
  • Technology-enabled transportation available

Disadvantages:

  • No specialized freight services 

Pricing: 

  • Request a quote for the price

MODE Transportation

Best For: Less-Than-Truckload Shipments

Mode Transportation is a single-source, neutral mode, light-asset-based provider of freight brokerage. With headquarters in Dallas, Texas, MODE Transportation was founded in 1989.  

Types of Freight:

  • Air and expedited shipments  
  • Rail intermodal
  • LTL
  • Dry van truckloads
  • Parcels

Gross Revenue:

  • $287.2 million

Net Revenue: 

  • $2,100 million

Benefits: 

  • FMCSA-licensed 
  • Additional parcels 
  • Less-than-truckload services 

Disadvantages:

  • Lacks refrigerated freight service

Pricing: 

  • Request a quote for the price

Landstar System

Best For: Independent Companies and Leased Operators

Landstar System provides transportation services. With Landstar, your freight will be delivered by independent freight agents, third-party capacity providers, and leased owner-operators from Jacksonville, Florida. The company itself was founded in 1988. 

Types of Freight:

  • Air and expedited shipments 
  • Rail intermodal 
  • LTL 
  • Dry van truckloads 
  • Flatbeds 
  • Heavy hauls 
  • Bulk loads on tanks 

Gross Revenue: 

  • $325 million

Net Revenue:

  • $1,950 million

Benefits: 

  • Safety-first approach to freight
  • Handles small freights economically

Disadvantages:

  • Outdated warehouses

Pricing:

  • Request a quote 

Worldwide Express

Best For: Substantial Air Carriers for Freight

Founded in 1995, Worldwide Express is a leading provider of FTL, LTL, and parcel shipping. This freight brokerage company operates out of Dallas, Texas.  

Types of Freight

  • Air and expedited shipments   
  • LTL
  • Dry van truckload
  • Refrigerated freight
  • Flatbeds 
  • Heavy hauls 
  • Parcels 

Gross Revenue

  • $360 million 

Net Revenue

  • $1,650 million

Benefits

  • Top-class air carrier service
  • Multiple shipping options available

Disadvantages:

  • Behind in technology integration

Pricing

  • Request a quote 

J.B. Hunt Integrated-Capacity Solutions

Best For: Providing Trucking Services

J.B. Hunt ICS provides alternative transportation solutions that increase the efficiency of multi-modal supply chain participants. Founded in 1961, J.B. Hunt Integrated-Capacity Solutions operates out of Lowell, Arkansas. 

Types of Freight: 

  • Air and expedited shipments
  • Rail intermodal 
  • LTL
  • Dry van truckloads
  • Refrigerated
  • Flatbeds 
  • Heavy hauls 
  • Bulk loads on tanks 

Gross Revenue: 

  • $165 million

Net Revenue:

  • $1,658.2 million

Benefits: 

  • Utilizes in-house trucking network 
  • Attractive less-than-truckload offers

Disadvantages:

  • Lacks parcel services 

Pricing: 

  • Request a quote 

Redwood Logistics

Best For: Technology Tracking and Freight Management

Founded in 2001, Redwood Logistics is a modern provider of solutions for moving and managing freights. The Redwood Logistics headquarters are located in Chicago, Illinois. 

Types of Freight: 

  • LTL
  • Dry van truckloads 
  • Refrigerated
  • Flatbeds 
  • Heavy hauls 

Gross Revenue: 

  • $119 million

Net Revenue: 

  • $804 million

Benefits: 

  • Technologically-sound freight brokerage
  • Flexible services 

Disadvantages:

  • No specialized freight services 

Pricing: 

  • Request a quote 

How Does a Freight Brokerage Work?

A freight brokerage functions as the middleman between shippers and carriers. Freight brokerages make sure that freight moves from point A to point B and arrives at its destination not only safely but also on time. 

Freight brokerages also maintain communication between both shippers and carriers. They negotiate with the carrier, plan routes for the shipment, and track the freight until the handoff is completed.

A freight brokerage company doesn’t have possession of the freight throughout the process but they are involved with every step involved nonetheless. Using their expertise, freight brokerages improve delivery times, enhance supply chain efficiency, and prevent damage to the freight. A shipper pays the brokerage for these services as a commission, which saves money, stays on top of capacity limits, and minimizes shipping time.

Things To Consider When Choosing a Freight Broker

A quality freight broker must be versatile and reasonable. When looking for a freight broker, there are several qualities to consider, like the capacity and number of carriers the company can manage. 

However, the importance of experience, trust, and ease of operation can’t be overlooked. We have listed a few important factors to keep in mind when choosing a freight broker

Proper Licensing for Operations

While you might be quick to judge a broker on the basis of rates and capacity limits, do not overlook licensing. It is very important that your freight is in good hands, and licensing makes it easier to believe that your freight will be transported safely. 

Make sure the freight brokerage company you’re considering holds proper licensing and operating authority. The FMCSA website is a great resource if you’re not sure which licenses freight brokerages should have. 

Insurance Coverage

There are several variations of insurance out there, so just any insurance is not good enough. Seek freight brokerages with insurance that offers favorable policies and ask questions if you are not completely clear about what something means. 

Raise your interest on the deductibles and shippers’ interests, too. Finally, request a certificate of insurance for validation of the policy.  

Certifications & Compliance

The memberships and accreditations that a freight brokerage has will help you understand if the freight and logistics company you are working with is highly recognized. Certifications solidify the claims of the company, and their legal compliance will be reflected by the qualifications.

Start by looking for the EPA SmartWay Carrier, TIA, and IANA logos on the brokers’ site.

Solid Company History

The reputation of the top freight brokerage companies is something they will have built up over years of service. While there might be several up-and-coming freight brokerage aspirants, ones with solid company histories are far more trustworthy.

Look into the operational model that the freight brokerage follows in order to better understand if their processes are suitable for your needs. 

Financial Health

While there is no shortage of companies in need of freight brokers, not all the freight brokerage businesses have good financial health. The financial stability of the brokers that move your freight should be a concern as it would not be ideal if the brokerage falls apart as a result of their poor finances, putting your freight in harm’s way in the process. 

Service Quality

The freight broker must be able to meet your industry’s requirements. Check if they have the necessary systems and internal processes in place to provide exceptional services.

You can also ask for references and feedback from recent customers when reviewing this facet of your broker. 

TMS Technology

You should not overlook TMS technology when choosing a freight brokerage company. A good management software is an integral part of providing the highest level of transport-related services.

It also gives a glimpse into the operations, which is key in analyzing whether there is room for growth if you partner with a certain freight brokerage. Choose a brokerage that implements a robust TMS system. 

Simplify Freight Through Freight Brokerage Companies 

This article lists some of the best freight brokerage companies out there. All of these companies offer long-term quality services. With their help, you can be sure that trusted professionals are taking care of your freight. Even so, the best company for you might not be the best company for everyone. 

It all depends on your company and its needs. By considering the factors listed above as well as your own preferences, you can choose the best freight brokerage company for you. If you are looking to scale your own freight brokerage business, consider reading our article on running an effective freight brokerage business!

FAQ

What is a freight brokerage company?

A freight brokerage company is a business that bridges the communication gap between the shipper, who has goods to transport, with an authorized motor carrier. They help with navigation and the steps of the supply chain process to ensure that cargo reaches its destination safely.

Is there a demand for freight brokers?

Yes. The demand for freight brokers is increasing as the industry continues to evolve. Starting and maintaining a freight brokerage business is a promising and lucrative career. 

Who is the biggest freight broker?

With a net revenue value of around $1.5 billion, C.H. Robinson is currently the biggest freight broker in the world.

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Digital Freight Finance and Load Tech

Eliminate risk in freight payments and leverage our capital to grow your business - ComFreight can help you save time and money.