truck brokers

Truck broker Landstar System said Tuesday it expects no material lift in the freight market for the remainder of 2024.

Freight broker Landstar System missed third-quarter expectations Tuesday after the market closed and issued fourth-quarter guidance that was also light of consensus.

RXO announced Monday that it has completed the acquisition of freight broker Coyote Logistics.

Freight broker Landstar System shared some signs of market stabilization with analysts on a Tuesday call but said it’s still too soon to say the market has turned.

Transfix is selling its brokerage business to supply chain services provider NFI.

Broker Landstar System’s first quarter showed the year-over-year declines are lessening while the trucking industry awaits an inflection to a prolonged freight recession.

Broker Landstar System has added two top sales positions following its CEO transition.

Broker RXO said it was continuing to execute on longer-term goals even as the freight market awaits the next catalyst.

Freight broker Landstar cut its second-quarter revenue and earnings guidance as volumes and revenue per load were worse than expected halfway through the period.

Freight broker Landstar System sees a rocky road in the first half of 2023, with normal seasonality returning by summer.

Werner Enterprises announced the acquisition of freight broker ReedTMS Logistics for $112.4 million. The deal also included a small dedicated carrier.

Echo Global Logistics said it has acquired Fastmore Logistics, a brokerage with a specialized carrier network and expertise selling to international freight forwarders.

Freight broker Transfix announced it has terminated plans to go public. Instead, it will seek private funding from current investors.

Comments filed with the FMCSA underscore concerns over how the agency should regulate freight brokers and dispatchers.

Freight broker Landstar System announces another change at CFO.

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.

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.

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.

Republicans deride “restrictive” policies that were retained from last year in the Democrats’ latest version of the surface transportation reauthorization bill.

Indianapolis-based third-party logistics provider FitzMark announces the completion of a majority recapitalization. The transaction allows the brokerage consolidator to further pursue organic growth plans and acquisitions.

Landstar System announced that its CFO was stepping down immediately. President and CEO Jim Gattoni will act as the company’s CFO on an interim basis until a replacement is found.

Landstar System announces the opening of a new driver center for its independent owner-operators in Carnesville, Georgia. The 8,000-square-foot facility provides classrooms, a business center, laundry, showers and break rooms.

Majority of comments received so far by FMCSA support changing the law.

The coronavirus pandemic caught the world off guard, and it has ratcheted up the pressure on 3PLs and brokers to quickly adapt and employ new technologies.

Trump says meeting with administration officials “will work out well.”

Drivers have historically been hesitant to download tracking apps due to privacy concerns and “app overload.”

Many turn to factoring to ease cash crunches.

Landstar’s strong cash flow generation and enviable balance sheet allow it to pay large special dividends even in down market years.

John “JT” Engstrom has spent 10 years studying the freight world. Here’s what he learned:

Landstar missed the bottom-end of its guidance range as expected. The company sees weakness in truckload fundamentals continuing through the third quarter.

As more signs in the truck freight market point to decreasing demand and excess capacity, brokers are looking for better ways to increase the efficiency of their back-office operations to […]