Freight broker Landstar System missed third-quarter expectations Tuesday after the market closed and issued fourth-quarter guidance that was also light of consensus.
In this edition: Big strike issues lie ahead, and it’s Truck Driver Appreciation Week!
In this edition: The TIA’s report has positive findings, and Jack Cooper is back in the limelight.
Broker Landstar System beat second-quarter estimates Tuesday as the period ended a two-year streak of sequential revenue declines.
Bosch has a cloud-based plan for load matching; Nikola’s high-pressure product and problems;, and Cummins’ creative stock buyback via spinoff
Freight broker Landstar System told analysts on a Thursday call that it expects the current freight downturn to last eight quarters, not six as previously hoped.
Edge continues to win new business on the back of a regional carrier strategy.
The impacts of double brokering are felt by carriers and brokers alike, disrupting operations and causing financial and liability risks for everyone involved.
Reliance Partners brings per-load Shipper’s Interest coverage to freight brokers and carriers to their TMS, providing protection on cross-border, international, LTL and high-value shipments.
In this edition: breaking down the 2023 FIFA Women’s World Cup, the unforeseen side effect of rising demand in Mexico, and Yellow officially declares Chapter 11 bankruptcy.
Neither DAT nor Convoy would be able to refile lawsuits against each other that they have agreed to drop.
While carriers are usually responsible for paying for claims, claim disputes burden freight brokers with more work — and they might end up footing the bill due to coverage gaps. Reliance Partners can help.
In this edition: It might be time to change the password; new Container Atlas findings; and is it double brokering if it’s “responsible”?
Freight brokers can “increase their capacity by managing their own dedicated pool of leased trailers,” said Graham Gonzales, vice president of strategic accounts at Reliance Partners. Reliance is America’s fastest growing and most diverse insurance brokerage with a sole focus on the transportation space, specializing in annual and usage-based solutions.
In this edition: How influencers need a 3PL; noncompetes come for the C-suite; and the first installment of double broker red flags.
Newtrul has built a marketplace focused on integrity, compliance and credibility.
Freight broker Transfix announced its chief technology officer has been appointed CEO effective immediately.
The 3PL’s first-quarter update is bearish on truckload rates.
Inside this edition: The U.S. Bank Freight Payment Index makes a splash; for-hire carrier rankings are out; and Nowports comes stateside.
Brokers are currently in a unique position. They face unexpected challenges in freight volume as the market softens, but they also have an immense opportunity to improve their carrier retention […]
Inside this edition: Prospecting gets creative; size matters in final mile delivery; and C.H. Robinson makes executive changes.
“Everyone was so welcoming at TAB, and you could tell they loved being there. This is a top-notch company, with a top-notch facility and an atmosphere that is second to none,” Baker said.
A few weeks ago, First Star announced its newest addition to its aggressive five-year growth plan, specifically for experienced freight broker agents. The company calls it a “90 for 90” promotion, 90% commission for 90 days.
McLeod enhances its rate index calculator with high-frequency spot rate data.
Freight brokerages see more frequent bid events as opportunities to take market share.
TA Services announced that it has acquired California-based broker KPI Logistics.
FreightWaves’ Mary O’Connell and Leaf Logistics CEO and co-founder Anshu Prasad sit down to talk about carrier compliance and the role technology plays.
FreightWaves’ Mary O’Connell and Nuvocargo’s Anaid Chacón sit down to talk about all things U.S.-Mexico cross-border and the rise of women in logistics and leadership positions.
Inside this edition: Getting ahead of claims, the task force with the hottest acronym, and someone just leveled up.
Inside this edition: the rise of ESG initiatives, congestion up again and the future of shopping malls.
We did a deep dive into the workflows of a legacy transportation management system to learn how these older systems perform vs. modern cloud-based solutions. Our main focus was the […]
Non-asset-based freight agents, who work independently of any one specific carrier, are especially at a disadvantage in today’s marketplace.
Jay Gustafson of Echo Global Logistics discusses the traits that determine if a broker’s technology can support the growth of an enterprise fleet in any market.
As part of FreightWaves’ The Future of Supply Chain event, Turvo will be demonstrating its transportation management software that connects all parties to each transaction.
TruckPager is promising a freight booking future without phone calls. Instead, brokers and shippers can reach the nearest empty trucks with a single notification.
Don’t fear flatbed shipments, give them a chance; Future of Supply Chain speakers; and the Port of Mobile gets a face-lift.
FreightWaves’Mary O’Connelland Kurtis Tryber from EXO Freight sit down to talk about all things flatbed: booking loads, how to get information you need to get started in flatbed and some of the craziest flatbed moves.
TriumphPay takes the hassle out of carrier payments, allowing brokers to focus on what they do best.
To learn more visit Tai-Software.com
FreightWaves is pedal to the metal for 2022, Russian cargo is no longer a concern for global shipping market, and port congestion might be easing, someday maybe.
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.
Trips down memory lane provide clarity for newbies in the industry, Ukrainian workers’ absence sends shockwaves through the industry, and the People’s Convoy keeps on trucking to Washington.
“There’s no other solution out there that has done this,” said Parade CEO and co-founder Anthony Sutardja. “We have really led the way in defining digital bidding and digital booking across our partner capacity networks.”
Small and midsize factoring companies are able to achieve a competitive advantage, which many previously thought was impossible without millions of dollars of investment.
A new power-only brokerage offering drop trailer solutions to customers has emerged: FreightVana x, where the x stands for “collaboration.”
Freight broker Landstar closes 2021 with another beat-and-raise quarter. Demand has yet to buck normal seasonal trends, indicating the first quarter will be strong as well.
FreightWaves’ Kevin Hill chats with SandTable founder Michael Fullam about his recent brokerage launch during the Sales & Marketing Summit.
Mary O’Connell and Ingrid Brown chat about what drivers want from brokers and account managers and what makes a good broker.
Federal regulators have once again denied a request to exempt small truck brokers from bond requirements.
Truck broker Landstar System announced Wednesday it will use 2021’s record performance to pay shareholders a $2-per-share special dividend.
Private ownership would allow Echo to accelerate M&A and technology investments.
“There’s a lot of waste in the freight industry, and we believe much of it can be avoided with new approaches to capacity sourcing and shipment automation,” said the senior vice president of USA Truck, which has been helping develop Convoy’s program for the past year.
Freight broker Echo Global Logistics reports better-than-expected third-quarter results in what is likely its last public quarterly report.
Landstar reports record third-quarter results and calls for a similar performance in the fourth and potentially beyond.
M&A in third-party logistics continues at a high rate. PLS Logistics Services announced it has acquired freight broker D&L Transport.
El mercado para la compra y venta de proveedores logísticos a terceros y corredores de carga está al rojo vivo, según los banqueros de inversión de Capstone Partners, Burke Smith y Nathan Feldman.
Capstone Partners explains why brokerages are so expensive.
Private equity takeout allows Echo Global Logistics’ equity value to rise to that of its peers. Management believes its new affiliation with deeper pockets opens up bigger M&A opportunities.
A group of former Knight-Swift logistics leaders is building something new in Arizona.
Management has raised full-year revenue guidance to $3.45 billion-$3.55 billion.
Freight broker Landstar System sees continued strength in consumer spending push freight demand higher during the second quarter. The company posted its best quarterly results ever Wednesday after the market close.
Is it better to be a technology company learning supply chain or a supply chain company learning to adopt technology?
The cyberattack that temporarily shut down the Colonial Pipeline this month serves as a stark reminder that all industries are prone to security threats.
The Chicago brokerage adds a capital allocator and carrier expert to its C-suite.
A former freight broker recounts how she and her colleagues averted a sophisticated attempt to steal $60,000 worth of tires through a double-brokered load.
When it comes to risk mitigation, due diligence of the carriers you broker to is just as important to having the right insurance policies.
These Instagram accounts center on the perspective of brokers, or a dispatcher in one case, using humor and memes to laugh — or cry — at the rigors of their daily work lives.
Freight brokers connect cargo with its transportation — a career path with high pay and low education requirements.
Third-party logistics provider FitzMark announces its third brokerage acquisition of the year and fourth in the past two years.
Executives from J.B. Hunt, MoLo Solutions, United States Cold Storage, K-Ratio dig into the tricky nature of freight contracts for brokers and 3PLs in an uncertain freight market during FreightWaves’ North American Supply Chain Summit.
A set of guidelines for the ethical freight broker.
Landstar System announced after the market close on Wednesday what it would do with cash on the balance sheet. The company plans to pay a one-time special dividend of $2 per share in January.
“We do not believe that the digital broker is ultimately going to replace those traditional brokerages.”
In today’s edition of The Daily Dash, the Transportation Intermediaries Association says a broker transparency rule would address a marketplace that no longer exists. Plus, federal regulators could be looking to the industry to help develop autonomous truck rules, and shippers are demanding more power-only options.
In third-quarter 2020 financial and operational results released after trading ended on Wednesday afternoon, Chicago-based third-party logistics provider Echo Global Logistics (NASDAQ: ECHO) reported record gross revenues, which grew by […]
Trailer Bridge Vice President of Logistics Eric Masotti describes how companies can implement technology without losing the human element.
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.
Trident is converting spot opportunities to contracted business in the pandemic.
Digital logistics platform Zuum Transportation closes $8.58 million seed funding round to streamline and automate freight.
In today’s edition of The Daily Dash, FMCSA seeks input on broker transparency, logistics is well represented on the Inc. 5000 list, truck orders returning and Daseke CFO talks the future of the company.
FreightWaves’ George Abernathy and Todd Davis talk benchmarking capabilities for brokers in virtual fireside chat at FreightWaves 3PL Summit.
Beacon is a UK-based digital freight forwarder – one of many that have vowed to disrupt the freight forwarding industry.
Landstar has seen volume declines accelerate in recent weeks and management believes that a recovery is unlikely until the automotive and building products segments resume activity.
Cultivating a positive culture while protecting the business
Freight Management Systems (FMS) has created a new web-based TMS solution that brings in open API to extend and function within any brokerage operation.
Freight brokers expect spot rates to ramp this week, but the long-term outlook is uncertain.
“There will be extended closures on I-70 and US-40.”
Echo protected its margins and issued positive guidance for Q1 and 2020.
Market softness, excess capacity, weak demand and soaring insurance costs and claims were the near-term challenges highlighted on Landstar’s conference call.
Landstar’s insurance and claims expense line hit first-quarter results, and another fatal accident results in guidance well below analysts’ expectations.
The impact of new technology in freight brokerages and how it is changing compensation.
Capacity is a proof of concept for smaller brokerages building out their own freight-matching platforms.
The Nolan Transportation Group and Transportation Insight roll-up continues apace.
The amount of capacity allocated to the amount of freight moved is the most important factor in determining freight rates.
Markets from Los Angeles and Ontario to Yuma, Salt Lake City, and Minnesota have suddenly tightened as routing becomes directionally constrained.
Truckstop.com pioneered digital innovation in logistics with the first online platform for load boards.
Landstar’s strong cash flow generation and enviable balance sheet allow it to pay large special dividends even in down market years.
Former carrier and freight broker brings unique perspective to No. 1 news source.
Will markets remain tight into the first quarter or soften right after Thanksgiving?
