TUCSON, Ariz. — The annual TransCore Broker Benchmark Survey shows that after a tumultuous 2009, freight broker metrics are showing signs of stabilization. The survey is based on detailed responses from more than 225 brokers, broker-carriers, and third party logistics or 3PLs about their 2009 operations and financial performance.
Survey respondents moved an average of 990 loads per month, which was not a significant change from last year’s survey, even though truck freight declined by 9 percent compared to 2008, according to the American Trucking Associations For-Hire Truck Tonnage Index. TransCore’s own Freight Index reported that spot market load volume for the year slid by 43 percent.
Despite the upheaval in 2009, brokers without assets reported a slight uptick in gross margins per truckload, from 15.3 percent in 2008 to 15.9 percent in 2009. Because of the high fixed costs associated with carrier operations, however, gross margin per truckload for asset-based brokers dropped to 14.1 percent compared to 15.2 percent in 2008.
Survey respondents who identified their companies as 3PLs or freight forwarders earned the highest margins per truckload among survey respondents, with 16.5 percent in 2009 compared to 16.2 percent in 2008.
The overall average was 15.6 percent, which was not significantly different from last year’s 15.3 percent average response.
The respondent group reported average revenues of $34.8 million, with average productivity exceeding $850,000 per employee. The highest productivity, of more than $1 million per employee, was reported by firms with 21 to 100 employees.
To download a copy of the survey, click here.
TransCore’s Commercial Technology Group serves brokers, carriers, owner-operators and shippers in the U.S. and Canada. Load boards include Loadlink in Canada and 3sixty Freight Match powered by the DAT Network in the U.S.
Kevin Jones of The Trucker staff can be reached for comment at firstname.lastname@example.org.
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