Brokerages

Surge Transportation’s Omar Singh discusses shippers limiting broker partnerships for arbitrary reasons rather than their specific strengths and weaknesses.

The Postal Service is leaning on freight brokers as it cuts costs and chases efficiency. That’s bad news for long-time contractors.

Transportation lawyer Cassandra Gaines describes the process of combining legal lessons into carrier monitoring FreightTech.

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

“[What] speaks to M&A in our space right now is, a fast-growing, value space organization is actually worth more than a slowly growing, stable, profitable business,” says CarrierDirect’s CEO of the current brokerage market.

ArcBest’s acquisition of truckload broker MoLo Solutions accompanies an announcement of strong third-quarter results for its LTL segment.

North American automotive and import opportunities could boost business for Universal Logistics during 2021, CEO Tim Phillips said during the Q4 earnings call.

Universal Logistics’ operating revenues from truckload services in the fourth quarter decreased $8.7 million to $49.8 million.

A set of guidelines for the ethical freight broker.

The road to success is paved with digital tools and technological adoption.

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.

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.

RPA technology could provide every broker an assistant to perform lower-level tasks so they can focus on high-level strategy.

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 […]

The company also announced a collaboration with telematics provider Transflo.

Noel Perry heads Transport Futures in Harrisburg, Pennsylvania. In addition, he heads Transportation Economics, a consulting company focused on strategy, market research and forecasting for the North American freight transport market. Previously, he was a Corporate Economist at Schneider National, and Director of Market Research at CSX Transportation and Cummins Engine Company. Broker margins are […]

The FreightWaves Intel Group surveyed over 800 carriers, shippers and brokers about the entry of Amazon into online freight brokerage. Read about the survey’s results and what respondents think Amazon will do to their businesses.

Canadian freight brokerage buys Ontario-based non-asset firm that specializes in the manufacturing sector.

Asset-based carriers think contract rates are going up; brokers think they’re going down.

We spoke to executives at Arrive Logistics and LYNC Logistics about the challenges in covering their customers’ exceptions and service failures in the lead-up to Christmas.

Executives from Axle Logistics, Network Transport, Transfix, and Convoy weigh in on peak season 2018: higher volumes and less volatility than 2017 means that most brokers are sitting pretty.

On Tuesday afternoon, Arrive Logistics popped champagne as the freight brokerage officially opened its downtown Chattanooga office on Market Street. We spoke to Arrive executives about the company’s culture, growth story, and plans for Chattanooga.

The Carrier Relationship Platform uses data to organize and automate a company’s processes with a unique approach: delivering targeting engagements to strengthen relationships.

FreightWaves spoke to GlobalTranz CEO Bob Farrell and AFN Logistics CEO Owen Schnaper about the deal.

Goldman Sachs issued a report last week highlighting the risks to incumbent brokerages’ margins and market shares, with useful information about the brokerage landscape and recent developments in VC funding that have powered new entrants.

MoLo Solutions did $20M in revenue in its first twelve months of operations and is on a $70M run rate for its second year. FreightWaves interviewed CEO Andrew Silver and President Matthew Vogrich.

Trident Transport has doubled its revenue every year since it began operations in 2014, and was just named the fastest growing company in Chattanooga, a hothouse for brokerages and freight startups.

Hub Group’s earnings per share at $0.66 beat Wall Street’s consensus estimate of $0.50, but executives said that the third and fourth quarters will be even stronger, and margins will grow even against tough comps.

FreightWaves spoke to GlobalTranz Chairman and CEO Bob Farrell about what made the tech-oriented 3PL attractive to The Jordan Company, the outlook for the current M&A environment, and staying disciplined in a period of “stupid multiples.”

This year shippers will abandon low-tech brokers en masse as digital freight solutions reach their tipping point.

In the future, trailer pools may no longer be the domain of truck large truckload fleets. Could they disrupt the LTL market as well and might brokers and 3PLs be able to take advantage?