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Freight Broker News

Trans-Logistics Group expands, opens Chattanooga office

[caption caption="Uncertain, complex freight markets are spurring freight contract innovation, Trans-Logistics Group says. Photo credit: Shutterstock.com."][/caption]Consulting firm Trans-Logistics Group, which works with a variety of US freight shippers, is expanding its advisory services and opening an office in Chattanooga, Tennessee.The company, founded by trucking veteran Charles W. “Chuck” Clowdis Jr.,...

Trans-Logistics Group expands, opens Chattanooga office

[caption caption="Uncertain, complex freight markets are spurring freight contract innovation, Trans-Logistics Group says. Photo credit: Shutterstock.com"][/caption]Consulting firm Trans-Logistics Group, which works with a variety of US freight shippers, is expanding its advisory services and opening an office in Chattanooga, Tennessee.The company, founded by trucking veteran Charles W. “Chuck” Clowdis Jr.,...

Softening US truck market resets battle for domestic freight

[caption caption="Spot truckload rates have declined about 20 percent year over year so far in 2019, bringing pricing back to 2017 levels, according to DAT Solutions. Photo credit: Shutterstock.com."][/caption]A price fight is brewing that may prompt US shippers to re-examine the value proposition of domestic intermodal rail in their supply...

US spot truck pricing seen near inflection point

[caption caption="US shippers have pricing power over truckers now, but their advantage may slip away by the end of 2019, Coyote Logistics warns. Photo credit: Shutterstock.com"][/caption]With spot truckload pricing close to 20 percent lower than a year ago, and contract rates either rising slightly or falling, US truck shippers might...

How wary should truck brokers be of Amazon?

[caption caption="Amazon's foray into domestic truck brokerage might not be a threat to established brokers, but the largest publicly traded company in the world entering the market is bound to turn heads. Photo credit: Shutterstock.com."][/caption]After years of rumors about the company’s eventual logistics aims, Amazon is moving openly into the...

Uber-SAP pact brings instant truck pricing to TMS

[caption caption="After initially focusing on building supply for its trucking marketplace, Uber Freight is turning its attention to building demand, particularly from enterprise shippers. Photo credit: Shutterstock.com."][/caption]Uber Freight’s new direct integration with SAP shows the digital broker is eager to build up the demand side of its marketplace by tapping...

Truckers seek safe harbor at larger US carriers

[caption caption="A sudden drop in driver numbers at small US motor carriers hints at a market shift that would benefit larger shippers. Photo credit: Shutterstock.com."][/caption]A shift of US truck drivers from small to large motor carriers could make it easier for large shippers to find capacity and keep downward pressure...

Private equity to fuel Truckstop.com expansion

The wave of private equity investment aimed at transportation technology has hit the truckload spot market, with ICONIQ Capital buying a majority stake in Truckstop.com for an undisclosed amount. Truckstop.com said Wednesday the investment will fuel technology research and expand the spot-market services it offers to freight brokers and trucking...

New truck exchanges offer hedge, but come with risk

[caption caption="Nodal Exchange is launching a trucking futures on Mar. 29, which allows investors to trade derivatives on seven lanes, including between Dallas (above) and Los Angeles. Photo credit: Shutterstock.com"][/caption]Shippers nervous about volatility in US truckload rates have two new options to hedge risk in the form of exchanges, also...

Reorganized, loss-making Roadrunner gets funding

[caption caption="An infusion of cash from a rights offering helped Roadrunner Transportation Systems survive. Now it needs to complete an ongoing restructuring. Photo credit: Roadrunner Transportation Systems."][/caption] After a sweeping, two-year reorganization that culminated in a rights offering that effectively transferred its ownership last month, Roadrunner Transportation Systems is leaner, if not...

Venture capital focuses on tech for big BCOs

The $97 million Los Angeles-based NEXT Trucking received this week, which pushed its total funding to about $125 million, reflects venture capital’s (VC’s)  shifting attention from transactional technologies to ones that strategically target larger shippers. That follows investment, including by Maersk, in October into New York-based brokerage Loadsmart, which is...

Schneider taps broker software to lure truck capacity

 [caption caption="The adoption of the systems places in stark relief the need for brokers to differentiate, both through providing quality loads to carriers and also by giving shippers better visibility to their in-transit loads. Photo credit: Shutterstock.com."][/caption]Schneider National, one of the largest freight brokers in North America, is turning to...

US shutdown delays Roadrunner's financial revision

[caption caption="The delay in Roadrunner’s rights offering is an example of the creeping effect of the partial shutdown on the plans of US businesses as well as individuals. Photo credit: Shutterstock.com."][/caption]The partial US government shutdown put a stumbling block in the path of Roadrunner Transportation Systems’ rights offering, delaying its...

GlobalTranz to fuel 2019 logistics M&A spree

[caption caption="GlobalTranz's Krug said she sees further consolidation in the brokerage industry spurred by greater demand from shippers for supply chain management technology. Photo credit: Shutterstock.com."][/caption]The freight brokerage GlobalTranz plans to continue into 2019 the acquisition strategy that fueled its growth in 2017 and 2018, executives told JOC.com this week.The...

Less ‘flashy’ logistics tech holds most immediate payback

[caption caption="Echo is one of a cadre of Chicago-based logistics companies founded in the 2000s that grew rapidly to become billion-dollar enterprises, largely through judicious application of technology. Photo credit: Shutterstock.com."][/caption]Logistics technology these days generates more buzzwords than a Christmas tree has light bulbs — blockchain, artificial intelligence, visibility, machine...

Choosing a US truck broker partner

The single most important thing you can do is to add broker capacity and service that looks, tastes, smells, and delivers in exactly the same ways as your most trusted carriers.

Trucking LogisticsTrucking Freight BrokersLogistics Providers

Choosing a US truck broker partner

In our most recent newsletter we talked about how important brokers are to reaching the small and midsize fleets that are exploding with growth. Need a quick recap? The number of new drivers working in fleets of fewer than 100 trucks grew 332,000 between 2012 and 2018. The number of new...

Brokers and forwarder should weigh in on FMCSA rulemaking

On Sept. 27, 2018, the FMCSA posted their advance notice of proposed rulemaking regarding the "broker and freight forwarder financial responsibility." This is the second time the FMCSA has initiated a rulemaking initiative pertaining to MAP-21. The advance notice delineates eight areas of inquiry in which new rules are being considered by the agency.Regulation & PolicyTransportation RegulationsUS Transportation RegulationsTrucking LogisticsTrucking Freight BrokersLogistics ProvidersInternational Logistics

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