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New TIA report shows carriers how to start, grow brokerages

Jun 21, 2019 at 08:31 AM CST
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The Transportation Intermediaries Association (TIA) has released an in-depth research whitepaper that provides a strategic blueprint and resources for asset-based companies to start and grow a brokerage. “The opportunities in the market are ripe for companies of any size,” said Robert Voltmann, TIA’s president and CEO. Logistics and supply chain research and consulting firm Armstrong & Associates estimates that net revenues for U.S.-based 3PLs grew by five percent in 2017 to hit $77.1 billion, and gross revenues rose 10.5 percent to reach $184.3 million. The firm predicted revenue growth in 2018 would continue at a similar rate in 2019.