Brokers managed to squeeze out a slight improvement in their average margins in the fourth quarter of 2021.
That’s the key number in the quarterly report of the Transportation Intermediaries Association, the trade group for the brokerage community.
The gross margin percentage for the quarter rose 10 basis points (bps) to 13.8%, up from 13.7% in the third quarter. The relatively limited increase came even as the invoice amount per shipment rose 6.9%, to $2,586 from $2,418.
But although the margin...
https://www.freightwaves.com/news/brokers-see-small-improvement-in-gross-margins-in-q4