According to Truckload Carriers Association (TCA) data, brokerage revenue as a percent of total hit an all-time high this past June with a value of 22.01%. This is occurring at the same time as near-record revenue efficiency is being hit on the asset side. When these two values move higher together, it is an indication that this is as good as it gets for asset-based carriers.
The TCA data consists of mostly midsize and small carriers, a segment that many feared would not do well during the pandemic era. With transportation capacity at its tightest levels in over a decade, having a truck makes you an invaluable commodity. If you have struggled over the past few months as a carrier, it may be time to make a change.