Tools commonly used in the Freight Brokers & Agents industry for day-to-day tasks and operations.

• Load boards
• Transportation management software
• Carrier databases
• Freight rate calculators
• GPS tracking systems
• Electronic data interchange (EDI) software
• Customer relationship management (CRM) software
• Accounting software
• Document management software
• Freight auditing software

Common products and services typical of NAICS Code 488510-04, illustrating the main business activities and contributions to the market.

• Air freight brokers
• Ocean freight brokers
• Rail freight brokers
• Truckload freight brokers
• Less-than-truckload (LTL) freight brokers
• Intermodal freight brokers
• Refrigerated freight brokers
• Flatbed freight brokers
• Heavy haul freight brokers
• Expedited freight brokers

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

• Transportation Intermediaries Association (TIA) Broker Authority: This certification is required for freight brokers to operate legally in the US. It is issued by the Federal Motor Carrier Safety Administration (FMCSA) and ensures that the broker has met the necessary insurance and financial requirements.
• Customs-Trade Partnership Against Terrorism (C-TPAT): This certification is a voluntary program that aims to improve the security of supply chains and prevent terrorism. It is issued by the US Customs and Border Protection (CBP) and requires freight brokers to implement security measures and comply with certain regulations.
• Hazardous Materials Transportation Training: This certification is required for freight brokers who handle hazardous materials. It is issued by the Pipeline and Hazardous Materials Safety Administration (PHMSA) and ensures that the broker has received the necessary training to handle hazardous materials safely.
• International Air Transport Association (IATA) Dangerous Goods Regulations (DGR) Certification: This certification is required for freight brokers who handle dangerous goods by air. It is issued by IATA and ensures that the broker has received the necessary training to handle dangerous goods safely and comply with international regulations.
• Federal Maritime Commission (FMC) License: This certification is required for freight brokers who operate as ocean transportation intermediaries (OTIs). It is issued by the FMC and ensures that the broker has met the necessary financial and insurance requirements and complies with certain regulations.

A concise historical narrative of NAICS Code 488510-04 covering global milestones and recent developments within the United States.

• The Freight Brokers & Agents industry has a long history dating back to the early 20th century when the first freight brokers emerged in the United States. These brokers acted as intermediaries between shippers and carriers, helping to match the two parties and negotiate favorable rates. In the 1960s, the industry experienced significant growth due to the deregulation of the transportation industry, which allowed brokers to operate more freely. The advent of the internet in the 1990s brought about a new era of growth and innovation, with the emergence of online freight marketplaces and digital freight matching platforms. Today, the industry continues to evolve, with new technologies and business models driving growth and innovation. In recent years, the Freight Brokers & Agents industry in the United States has experienced steady growth, driven by a number of factors. One key driver has been the growth of e-commerce, which has led to increased demand for freight transportation services. Another factor has been the rise of just-in-time inventory management, which has increased the need for fast and reliable transportation services. Additionally, the industry has benefited from the growth of the gig economy, which has led to the emergence of new business models and platforms for connecting shippers and carriers. Overall, the Freight Brokers & Agents industry is poised for continued growth and innovation in the years ahead.

The anticipated future trajectory of the NAICS 488510-04 industry in the USA, offering insights into potential trends, innovations, and challenges expected to shape its landscape.

• Growth Prediction: Growing

  The Freight Brokers & Agents industry in the USA is expected to grow in the coming years due to the increasing demand for transportation services. The industry is expected to benefit from the growth of e-commerce, which is driving demand for last-mile delivery services. Additionally, the industry is expected to benefit from the growth of the US economy, which is driving demand for transportation services. However, the industry is also facing challenges such as increasing competition and rising fuel costs. To remain competitive, companies in the industry are expected to invest in technology to improve efficiency and reduce costs. Overall, the future outlook for the Freight Brokers & Agents industry in the USA is positive, with growth expected in the coming years.

Recent groundbreaking advancements and milestones in the Freight Brokers & Agents industry, reflecting notable innovations that have reshaped its landscape.

• Digital Freight Matching: This technology connects shippers and carriers in real-time, improving efficiency and reducing costs.
• Blockchain: This technology is being used to improve supply chain transparency and reduce fraud.
• Predictive Analytics: This technology is being used to improve forecasting and optimize transportation routes.
• Autonomous Trucks: This technology has the potential to reduce labor costs and improve efficiency.
• Last-Mile Delivery Solutions: Companies are developing new solutions to improve last-mile delivery, including drones and autonomous vehicles.