Tools commonly used in the Trucking-Transportation Brokers industry for day-to-day tasks and operations.

• Load boards
• Transportation management software
• GPS tracking systems
• Electronic logging devices
• Freight rate calculators
• Carrier compliance software
• Freight bill auditing software
• Customer relationship management software
• Automated dispatch systems
• Fuel optimization software

Common products and services typical of NAICS Code 484230-20, illustrating the main business activities and contributions to the market.

• Freight brokerage services
• Third-party logistics (3PL) providers
• Transportation management companies
• Freight forwarders
• Shipping agents
• Customs brokers
• Intermodal marketing companies
• Carrier procurement services
• Freight consulting firms
• Supply chain management companies

The specific certifications, permits, licenses, and regulatory compliance requirements within the United States for this industry.

• Transportation Intermediaries Association (TIA) Broker License: This license is required for transportation brokers to operate legally in the US. It is issued by the Transportation Intermediaries Association (TIA), which is a trade association for third-party logistics professionals. The license ensures that brokers have met certain standards and have the necessary insurance coverage to protect their clients.
• Federal Motor Carrier Safety Administration (FMCSA) Broker Authority: This authority is required for transportation brokers to operate legally in the US. It is issued by the Federal Motor Carrier Safety Administration (FMCSA), which is a division of the US Department of Transportation. The authority ensures that brokers have met certain standards and have the necessary insurance coverage to protect their clients.
• Surety Bond: Transportation brokers are required to have a surety bond to operate legally in the US. The bond ensures that brokers will fulfill their financial obligations to carriers and shippers. The amount of the bond varies depending on the broker's business volume.
• Business License: Transportation brokers are required to have a business license to operate legally in the US. The license is issued by the state in which the broker is located and ensures that the broker is complying with state regulations.
• Unified Carrier Registration (UCR): Transportation brokers are required to register with the UCR program to operate legally in the US. The program is a federal-state partnership that requires motor carriers, brokers, and freight forwarders to register and pay an annual fee based on the size of their fleet.

A concise historical narrative of NAICS Code 484230-20 covering global milestones and recent developments within the United States.

• The Trucking-Transportation Brokers industry has a long history dating back to the early 1900s when the first trucking companies emerged in the United States. The industry has since grown and evolved, with notable advancements such as the introduction of computerized dispatch systems in the 1980s and the widespread adoption of electronic logging devices in recent years. In the United States, the industry has faced challenges such as the deregulation of the trucking industry in the 1980s, which led to increased competition and lower profit margins for brokers. However, the industry has also seen growth in recent years due to the increasing demand for freight transportation services. Overall, the Trucking-Transportation Brokers industry has a rich history of innovation and adaptation to changing market conditions.

The anticipated future trajectory of the NAICS 484230-20 industry in the USA, offering insights into potential trends, innovations, and challenges expected to shape its landscape.

• Growth Prediction: Growing

  The future outlook for the Trucking-Transportation Brokers industry in the USA is positive. The industry is expected to grow in the coming years due to the increasing demand for transportation services. The rise of e-commerce has led to an increase in demand for freight transportation services, which has benefited the industry. Additionally, the industry is expected to benefit from the growth of the US economy, which is expected to increase demand for transportation services. However, the industry is also facing challenges such as rising fuel costs, driver shortages, and increasing competition. Overall, the industry is expected to grow at a steady pace in the coming years.

Recent groundbreaking advancements and milestones in the Trucking-Transportation Brokers industry, reflecting notable innovations that have reshaped its landscape.

• Digital Freight Matching: Digital freight matching platforms have emerged as a recent innovation in the Trucking-Transportation Brokers industry. These platforms use technology to match shippers with carriers, making the process more efficient and cost-effective.
• Real-Time Tracking: Real-time tracking of shipments has become increasingly important in the industry. Carriers are now using GPS technology to track shipments in real-time, providing shippers with more accurate delivery times and improving overall efficiency.
• Autonomous Trucks: Autonomous trucks are being developed and tested by several companies in the industry. These trucks have the potential to reduce labor costs and improve safety, but their adoption is still in the early stages.
• Electric Trucks: Electric trucks are another recent innovation in the industry. These trucks have the potential to reduce emissions and operating costs, but their adoption is still limited due to high costs and limited range.
• Blockchain Technology: Blockchain technology is being explored as a way to improve transparency and security in the industry. By using blockchain, carriers and shippers can track shipments and payments more efficiently and securely.