2 Freight Brokerage Business Success Stories [2024]
The transportation industry has experienced rapid interest and growth over the past years. The increased demand has created business opportunities for various professionals, among them freight brokers. Freight brokers connect shipping companies with carriers. Serving different markets, freight brokers help make goods transport a reality for their customers.
If you are looking for a business opportunity within the transportation industry, you may consider starting a freight brokerage company.
To start, take the prerequisite course and look for an internship opportunity where you will gain industry experience. Then, follow licensing requirements and focus on building business relationships with potential customers.
In this list, you'll find real-world freight brokerage business success stories and very profitable examples of starting a freight brokerage business that makes money.
1. Easy Auto Ship ($18M/year)
Eric Ray, CEO and Founder of Easy Auto Ship, came up with the idea for his vehicle shipping brokerage after experiencing a frustrating and inconsistent car shipping process. Recognizing the growing demand for car shipping services, particularly with the rise of online car purchases, Ray saw an opportunity to create a better pricing system and started his own brokerage. Through hard work and the development of an instant pricing technology called TAQ, Ray was able to build a successful business, boasting an average of $250,000 a month in brokerage fees and a net profit of $100,000 a month.
How much money it makes: $18M/year
How much did it cost to start: $20K
How many people on the team: 23
Eric Ray founded Easy Auto Ship LLC, a vehicle shipping brokerage, generating $250,000/month in brokerage fees with a net profit of $100,000/month and averaging over 1,500 Google reviews with a 4.6 rating, expected to earn $18 million/year in total sales, expanding into B2B with two more divisions.
2. DocShipper ($13M/year)
Nicolas Rahmé, with a background in new technologies and geopolitics, co-founded DocShipper in 2018 with his brother after seeing a fragmented logistics industry ripe for disruption, achieving a staggering $4.9M turnover by 2021.
How much money it makes: $13M/year
How much did it cost to start: $50K
How many people on the team: 45
DocShipper is a digital freight forwarding and sourcing company that offers a one-stop-shop solution for companies and e-commerce business owners throughout the supply chain, which saw over 700% growth in 2021 with a turnover of $4.9 million.
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