The first quarter of the year is typically a time of wider gross margins for freight brokerages as new contract awards come online but spot rates stay relatively low on weak seasonal demand. It’s different this time, though – a full year of weak rates has made shippers more aggressive, even though carriers have little left to give.
That meant that across the industry, we saw freight brokerage margins compress in the first quarter of 2020 compared to the year prior. This happened at C.H....
https://www.freightwaves.com/news/trucking-markets-brokerage-margins-compressed-in-q1