Freight Broker Earnings Update: Fourth Quarter 2019

In an update to our previous report Broker Performance Through the Cycle, we update our broker model with the recently released fourth quarter data released by the public freight brokerages.

Publicly traded brokers that have reported thus far saw revenue contract by 13.3% on average and gross margins compressed by 266 basis points, with operating income declines far worse.

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Tags: brokerage earnings

Freight Broker Earnings Update: Fourth Quarter 2019

Andrew Cox

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