Broker

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

A set of guidelines for the ethical freight broker.

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.

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.

To read the full article, click here.

Rose Rocket’s order management platform integration with Geotab’s system gives trucking companies more tools to offer shippers, including track and trace and real-time ETA

Lead Economist, Anthony Smith takes the reigns on this macro edition of Freightonomics. He chats with a diverse panel of guests about ways to optimize performance across business areas in a sluggish freight economy. Listeners will learn how to navigate today while preparing for the future of freight. Apple Podcasts Spotify Stitcher Watch the video

Freight visibility is no longer considered a premium benefit the best brokers offer their shippers. It is simply an expectation that most brokers struggle to meet.

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.

Full digital automation of shipping processes may be on the way, but what are the intermediary steps leading us there?

Founded in 2015, Avenger Logistics is growing so fast that, according to their estimates, they’ll crack Inc. 5000’s 2019 top ten in their first year of eligibility.

High spot market trucking rates have caused more carriers to move to that market, but the majority of carriers in a new Transporeon Group survey have remained loyal to their shippers.

Opus9 launched its digital platform, automating every step of the truckload and LTL shipping process, Tuesday. The new platform is intended to “digitize an old industry and bring it forward,” according to Vice President of Product Management Jeff Hiller.

Cashflow Corner presented by TriumphPay …When a customer refuses to pay their bill, or simply delays paying it, brokers and carriers alike can be stuck with a lack of cash on hand and few options.

A jury has awarded $15.57 million to Isaac Espinoza, who was struck by a tractor-trailer driven independent contractor Ricky Hatfield while assisting a friend on the side of I-81 north. The jury also held the broker who contracted with Hatfield partially responsible.

If it seems that freight brokerage – both digital and traditional services – are popping up on a daily basis, it could be because they are, or it at least it seems that way. Digital freight matchers (DFMs) include familiar names such as Convoy, CargoMatic, Haulfox and HaulHound. But what if you want to enter the space? Here are some tips on how to be successful as a DFM.

In a world which carriers want to be paid quickly for their services, brokers have long turned to factoring as an option. Technology, though, is changing the payments business, and that means quicker payments for carriers and more cash flow flexibility for brokers.