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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Andrew is research analyst on the Freight Intel Group and a recent graduate of the University of Tennessee at Chattanooga, where he graduated magna cum laude. Andrew started as an intern with FreightWaves in October 2018 and joined full-time upon graduation. He co-hosts the freight finance podcast "Great Quarter, Guys" on Tuesdays at 2 p.m. EST.