brokerage

In an era when artificial intelligence is reshaping industries, freight brokerage stands at the forefront of transformation.

Sheer Logistics’ acquisition of CargoBarn is aimed at strengthening the company’s position in anticipation of market fluctuations.

“It is no longer grow at all costs. We must be more efficient with our resources and cognizant of your overhead,” says Zelh’s Jeff Ogren

Freight broker and carrier agents at PFQ Companies — carriers Pioneer Transport, Falcon Transport, Quaker Transport and brokerage Quaker Transportation — are thriving, having built businesses able to withstand market highs and lows.

A third-generation family-owned trucking company and brokerage — Certified Freight Logistics, headquartered in Santa Maria, California — is ceasing operations on Saturday after 95 years, citing “falling freight rates and reduced volume.”

For freight agents attempting to navigate today’s volatile market, partnering with the right company can mean the difference between success and failure.

When brokers remember their role as communicators, they are able to build stronger relationships with both their shipper customers and their carrier partners.

Load board fraud hurts the American trucking industry and should be a top priority for everyone in the space.

Quarterly earnings at stand-alone brokerage RXO were healthy compared to the performance of most companies in the freight sector.

Learn how to grow your freight brokerage while avoiding common pitfalls so you can scale your business successfully.

Logistics provider LeeWay Services Inc. filed for an initial public offering of up to $17 million with the Securities and Exchange Commission Monday.

Multimodal transportation provider Radiant Logistics reported record results again during its fiscal quarter ended March 31. Demand still remains healthy throughout its network.

By using a flatbed-specialized broker, shippers virtually eliminate the risk of their freight being matched with the wrong truck, causing unnecessary delays and damages.

On its first-quarter call with analysts, management from J.B. Hunt said demand indications from customers have been strong. The path is likely not as easy for smaller players in the space.

J.B. Hunt Transport Services reported first-quarter results well ahead of analysts’ forecasts Monday after the market closed.

The 2022 3PL Summit will highlight the best technology and practices to guide you to success this year. Hear discussions on multi-modal optimization, customer relations, sales insights, market insights, pricing strategies and much more.

Parade’s capacity management solution integrates seamlessly with Tai’s TMS system to help freight brokerages

Management from Radiant Logistics said it has several levers at its disposal to boost the company’s valuation.

Radiant Logistics announced Monday that it acquired digital logistics services provider Navegate for $35 million.

Third-party logistics provider Radiant Logistics again posted record quarterly results on Tuesday. On a call with analysts and investors, company officials called out strength in virtually every segment Radiant serves.

With the help of its 3PL customers, project44 was able to create its tool to help fight the capacity shortages and transit delays plaguing many logistics providers today.

Radiant Logistics announced it closed its fiscal year in record fashion on Thursday. The company will repurchase shares and pursue acquisitions as a means of boosting valuation.

The RFP process can be daunting, but these tips can help set you up for success.

Third-party logistics provider Radiant Logistics handily beat quarterly expectations Monday. Management has returned its focus to share buybacks and M&A.

Knight-Swift Transportation capitalizes on strong truckload fundamentals to post much higher year-over-year results. Fourth-quarter numbers came in slightly ahead of expectations and the company’s full-year 2021 guidance remains unchanged.

The right tool can help brokers turn a measly 5% success rate into sales wins at 50% or more.

Small and midsize companies – brokers and carriers alike – often wait to adopt new technologies. They are being eclipsed by both larger companies and their less risk-averse peers.

A set of guidelines for the ethical freight broker.

Universal Logistics credits its turnaround to the resurgence of the North American automotive industry, particularly in the light-truck and SUV markets.

The strength in truckload fundamentals didn’t really show in Schneider National’s third-quarter report. Lower revenue per truck, intermodal rail congestion and brokerage malaise overshadowed the announcement of a $2 special dividend.

Shippers that trust their technology also trust their technology provider. That’s why XPO’s Connect platform resonates with shippers.

J.B. Hunt Transport Services misses 3Q estimates by 9 cents per share. Revenue and operating income climb 5% but a variety of cost inflation and a tough truck brokerage market weigh on the quarter.

Profit and loss (P&L) sheets provide key insights to a company’s financial performance.

Shippers ship. Carriers carry. Freight brokers are the experts connecting the two. A developed shipper-broker relationship is important in aiding the success of shippers, brokers and carriers.

Radiant Logistics achieves a couple of records during the recent quarter. Moving PPE and other aid paves the way to a large earnings beat.

The top 20% of freight brokers generate at least 80% of sales and gross margin for any third-party logistics provider (3PL) or freight brokerage.

The combination of artificial intelligence and machine learning are allowing XPO’s brokerage operation to offer more visibility into pricing, capacity and tracking.

FreightWaves’ George Abernathy and Todd Davis talk benchmarking capabilities for brokers in virtual fireside chat at FreightWaves 3PL Summit.

Uber is reported to be raising $500 million in funding for its brokerage segment. The deal would place a valuation of $4 billion on Uber Freight.

This week Andrew holds down the fort with Director of Passport Research JP Hampstead to discuss his team’s recent research note on Q2 broker performance. Then the two dive into Uber’s partnerships with municipalities and answer whether the upcoming Lemonade IPO will be sweet or sour. As always, a special thanks to our friends at CarrierDirect with […]

TQL’s ‘aggressive legal team’ fighting class-action lawsuits on all fronts.

President’s options limited without sufficient evidence, according to former DOJ antitrust chief.

Landstar System calls attention to its variable cost model as first quarter falls short of expectations. No guidance issued for second quarter.

Knight-Swift’s better than expected quarter yields to further uncertainty as the year progresses.

Canadian trucking and logistics company reports record fourth-quarter revenue and slim profit as its upstart brokerage office in Charlotte helps offset trucking weakness.

“Quality brokers don’t just simply cast a wide net and wait for capacity to come to them,” said Noam Frankel, founder and CEO of FreightFriend.

Radiant Logistics reports a 25% slowdown in its last calendar quarter of 2019.

U.S. Xpress reported a better-than-feared loss to close out 2019. The company expects conditions to improve in 2020.

J.B. Hunt’s fourth quarter call addresses some challenges facing its brokerage and intermodal businesses.

It’s helpful for new brokerages to study the staying power of brokerages like ITG, especially in volatile markets.

With companies like Convoy achieving a $1 billion valuation in roughly four years, or publicly-traded companies like Uber and Amazon encroaching on the brokerage space, it is getting harder for the smaller, “relationship-based” brokers to compete. Whether it’s managed transportation, trailer pooling, warehousing or last-mile, brokers should be looking for ways to increase their value, […]

We kick off the week with headlines involving major trucking crashes in Pennsylvania and Indiana, the Drug & Alcohol Clearinghouse websites opening day struggles. Don’t worry, though, if you’re trying to register, the site is now up and operational and you can find it by clicking here. We spend Five Good Minutes with Chief Insight […]

If you are planning to create a freight brokerage, here is a basic checklist you can use to get started.

Less than a year after automating the load-matching process, Convoy is now automating the brokerage side in select markets.

The Uberization of Freight has come to mean many things, but to Uber Freight Senior Director Bill Driegert, it means relieving pain points for carriers and shippers.

Radiant Logistics posts a good quarter, but warns that peak shipping season isn’t shaping up heading into the holidays.

Mark Rourke, CEO of Schneider National, right, told George Abernathy, president of FreightWaves, that a series of regulations hitting the industry will affect expenses or cut capacity, during his time on stage at FreightWaves LIVE Chicago.

Titanium Transportation Group sees weaker trends in the quarter, but manages to post a modest profit.

U.S. Xpress cites a weaker spot market and compressed brokerage margins as reasons for the third quarter loss. However, the decision to grow its fleet, a portion of which is reliant on the spot market, drew several questions from analysts on its call.

Add USA Truck to the list of carriers finding themselves struggling to find their way in a soft freight market. The carrier found itself forced into the spot market to find freight for its trucks after making an acquisition just a year ago.

With the bulk of its final mile business shuttered and its tractor fleet right-sized, management believes that the company is on solid footing to see improvement in 2020.

XPO Logistics stays ahead of macro weakness as net income, EPS jump in q3

GlobalTranz has added to its portfolio with the acquisition of Chicago-based Global Freight Solutions.

J.B. Hunt Transport Services reports earnings light of expectations, but cost headwinds from digital platform transformation appear to be the primary culprits.

TIA President is excited to see what the future holds for the 3PL industry.

Radiant Logistics, reported several records for fiscal 2019, but the company would most like to make an acquisition or two.

The marketplace for truckload transportation is fragmented and opaque. Relationships between shippers and carriers are tenuous at best, forged and broken by wild swings in capacity availability and rates per mile. In this white paper, Transfix and FreightWaves define the problems distorting the marketplace for truckload transportation, discuss how carriers think about their assets, explain the role of technology in reducing empty miles, and sketch out the economic dynamics that come into play when the marketplace is optimized to free up capacity at the right price.

XPO second-quarter results allays analyst concerns as it navigates through a tough top-line

Executives from C.H. Robinson discussed increasingly strict retail compliance programs and how to exceed expectations.

You may have to become a super-shipper of choice. Don’t underestimate Walmart

CarrierDirect’s CEO Peter Rentschler stops by FreightWaves.

Three young executives have taken on new roles at Chattanooga-based Covenant Transport Services. The promotions, effective last month, set the trio up to take on new responsibilities as enterprise-wide leaders.

U.S. Xpress provides some color on the company and the freight environment.

Convoy, a freight-matching and supply chain solutions technology company, has been named Anheuser-Busch’s Non-Asset Carrier of the Year.

Third-party logistics and multimodal transportation services company, Radiant Logistics, Inc. (RLGT), reported earnings of $0.11 per share for the quarter ending March 31, 2019 (RLGT’s third fiscal quarter 2019), $0.04 better than the consensus estimate and $0.06 better year-over-year. Total revenue increased 1 percent year-over-year to $206 million with net revenue climbing 8.5 percent to […]

Too much to talk about with too little time. Several key industry topics were bantered about by some of the best thought leaders in the industry on the final day of Transparency19. In a panel discussion, “The Bull, the Bear and the Other Guy,” moderated by FreightWaves President George Abernathy, insight was provided about the […]

Take an antiquated trillion dollar industry, machine learning and artificial intelligence, investors chasing higher yields and a few industrious solutions-oriented individuals and you get an emerging industry – high-growth freight tech. This was the conversation of the High-Growth CEO Panel at Transparency19. John Engstrom, Vice President of Investment Banking Transportation and Logistics at Stifel, moderated […]

Leading transportation management and logistics service provider SEND Transportation has integrated Trucker Tools’ Smart Capacity into its operations.

The largest flatbed, specialized transportation and logistics solutions company in North America, Daseke, Inc. (NASDAQ: DSKE), reported first quarter 2019 adjusted earnings per share of $0.03, compared to the consensus estimate of a loss of $0.09 per share. Management held a conference call to discuss these results with analysts and the media. On the call, […]

U.S. Xpress held a call with analysts and the media to discuss its first quarter 2019 earnings, which were $0.15 per share compared to the consensus estimate of $0.18.

U.S. Xpress (NYSE: USX), a Chattanooga-based truckload carrier, reported adjusted earnings per share of $0.15 compared to the consensus estimate of $0.18.

Canadian transportation and logistics firm buys Ontario-based broker that uses propriety software platform.

Schneider National, Inc. held  a call with analysts and media to discuss earnings results. Most of the call focused on explaining what occurred in the first quarter and how the company will achieve its lowered guidance.

Schneider National, Inc. announced first quarter 2019 earnings of $.21 per share, $0.06 per share lower than last year and $0.10 worse than the consensus estimate.

Knight-Swift Transportation reported adjusted earnings per share that were ahead of analysts’ expectations. FreightWaves was able to speak with David A. Jackson, Knight-Swift Transportation’s President and Chief Executive Officer.

Landstar’s President and Chief Executive Officer Jim Gattoni said that he is “comfortable” with the current full-year consensus EPS estimate of $6.41.

Landstar System, Inc. reported first quarter earnings per share (EPS) of $1.58, compared to the consensus estimate of $1.51 and $0.21 higher than the 2018 first quarter.

Technology is disrupting the logistics industry at a breakneck pace, and brokerages are not exempt from the changes. While new technologies are intended to help companies run smoother, the implementation process can be riddled with challenges.

Uber released its S-1 filing after the market close, placing in on track to go public with its anticipated May IPO.

Canadian cross-border trucking and logistics firm to establish new business based in Charlotte, North Carolina, and plans additional locations in the United States.

The former CFO of Forward Air, CEO of Panther Expedited, and CFO of C.H. Robinson hits the open market.

The Atlanta sales office will support both the asset-heavy and asset-light sides of AMX.

High-growth business models make sourcing talent even more difficult for freight brokerages.

The logistics industry has been bombarded with years of overdue technological advancement ever since the electronic logging device (ELD) mandate went into effect. Technological advancement in the space has only increased since that pivotal moment, and brokerages have not been exempt from the pressure to keep up.

ECHO pivoted away from the spot market and also leaned into LTL.

Spot-heavy 3PLs are looking for freight while brokers with good contract relationships are getting rewarded.