NAICS Code 488510-04 - Freight Brokers & Agents

Marketing Level - NAICS 8-Digit

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NAICS CODE 488510-04
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NAICS Code 488510-04 Description (8-Digit)

Freight Brokers & Agents are intermediaries between shippers and carriers, who help arrange the transportation of goods. They act as a liaison between the two parties, negotiating rates and ensuring that the cargo is transported safely and efficiently. Freight Brokers & Agents are responsible for finding the best carrier for the job, negotiating rates, and ensuring that all necessary paperwork is completed. They also track shipments and communicate with both the shipper and carrier throughout the transportation process.

Parent Code - Official US Census

Official 6‑digit NAICS codes serve as the parent classification used for government registrations and documentation. The marketing-level 8‑digit codes act as child extensions of these official classifications, providing refined segmentation for more precise targeting and detailed niche insights. Related industries are listed under the parent code, offering a broader context of the industry environment. For further details on the official classification for this industry, please visit the U.S. Census Bureau NAICS Code 488510 page

Tools

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

Industry Examples of Freight Brokers & Agents

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

History

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.