brokers

Port container volumes, railroad volumes, and truckload volumes are all down year-over-year.

The feature is intended to save carriers time and money that they would spend searching for and booking loads.

A healthy month-end volume uptick hasn’t tightened capacity, allowing brokers to stay in their happy place.

In partnership with Arrive… high-tech freight brokerages are necessary links in the supply chain, but the key to their growth is how they select and coach their people.

The combined brokerage expects to do $200 million in revenue this year.

Transflo used its slot during the MarketWaves 18 Demo Day to showcase how its app’s new user interface, along with the broader Transflo ecosystem can be used effectively to reduce time during the lifecycle of a load.

It’s that time of year; time to look forward and plan for the year. In order to have a better idea of where the economy and industry are headed, we always like to look back and review from where we came and what happened.

Forager is building a digital freight marketplace to automate elements of cross-border logistics.

Andrew Silver, CEO of MoLo Solutions, looked back at 2018 and talked about the challenges and joys of running a high-growth brokerage, December freight markets, and and MoLo’s plan for 2019.

We spoke to executives from Trident, Avenger, Redwood, and Echo about the challenges and opportunities of the Memphis freight market, long dominated by asset-based carriers.

On today’s episode, George Abernathy, Zack Strickland, and JP Hampstead discuss volume in the marketplace year after year.

On today’s episode, George Abernathy, Zack Strickland, and JP Hampstead discuss volume in the marketplace year after year.

In spite of the prediction challenges everyone faces, what does Doug Waggoner foresee coming down the transportation pipe in 2019?

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.

An unprecedented capacity crunch. Archaic processes badly in need of reinvention. New Uber-like technology entrants bent on cutting out the broker. How do brokers respond, transform and emerge on the other side as stronger competitive forces?

In partnership with Trucker Tools…In the transportation industry, time is money. Trucker Tools uses their Smart Capacity system to eliminate stale or obsolete data in order to streamline the brokerage process, saving time and money every step of the way.

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.

More than a year after it built a large following through its app for drivers, Uber Freight is now turning the spotlight on shippers. The company today announced the launch of Uber Freight for Shippers, a desktop-based app platform that provides direct access to carriers and more transparency into shipments.

Borderless Coverage allows brokers and freight forwarders to instantly secure Mexican cargo insurance for loads at about half the cost with the click of a button, removing barriers to international trade.

McLeod Software will launch a new product that uses machine learning algorithms to process inbound carrier emails in a broker’s inbox and automatically match them up with available loads.

Uber shut down its self-driving truck platform last week but promised in an exclusive interview with FreightWaves that Uber Freight was not going anywhere. Today, the company has not only confirmed that promise, but it has doubled down on the future of Uber Freight.

Piecing together the details of what comes from seed to table has never really been done successfully before. If it could be, the implications for both public health, corporate transparency, and anti-counterfeiting efforts would be huge.

The Freight Movement is in partnership with Arrive Logistics …Moving freight to its final destination starts with the ability of a shipper or broker to find available capacity. That load tendering process is rapidly changing.

Brokers continue to see more business and higher revenue, according to the latest data compiled by DAT.

Regardless of technology, the transportation industry is still built on relationships.

Increased visibility has been the vision since the idea for Truckstop.com first emerged way back in 1995.

Loss expects at leading fleets say more thought needs to go into package design to ensure cargo is well protected during transit.

Social networks can be treasure trove of information for carriers and shippers, helping them identify risky areas for goods movement, to finding employees who are putting the company at risk, and even finding stolen cargo.

UPS is planning to add 50 plug-in electric vehicles from Workhorse this year for testing with plans to add more units in 2019.

Chad Boblett has built not just a successful Facebook group, but also the largest professional online forum in the U.S. on rates and logistics in the freight industry

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

CSX Corp. CEO Hunter Harrison has taken a medical leave of absence from the railroad due to complications from a recent illness. Investors sold off the company stock, causing a 12% drop and $6 billion loss in company value in morning trading.

FourKites has launched its own ELD certification program that operates on an open architecture platform to help shippers and 3PLs to assist carriers in choosing ELD solutions that offer visibility into location data.

C.H. Robinson’s second quarter earnings report missed Wall Street estimates, in large part because of the rise in spot rates in the quarter which compressed margins, even though the company reported a rise of truckload and less-than-truckload volume.

Across the nation, rising freight volumes, a strong produce season and the ongoing oil boom are driving up spot rates, but how long will the current trend continue?

When capacity is tight, spot market rates increase, and that hurts brokers. There are other factors that affect rates, of course, but 3PLs have had few options to manage the underlying fundamentals that so negatively hurt their businesses. That is about to change.