DAT.com is reporting freight broker operating profits were more than nine times higher than this time last year. While broker revenue increased 67%, labor and other cost only rose 37%. As a result, 30% of net revenue went straight to the bottom line.
Gross margins for brokers average 13.8% in April, only slightly higher than this time in 2017, but a 12% increase over March 2018. Broker volume was also up 41% as compared to March 2018.
To see the entire report, click here.