Freight Brokerage

Transfix is betting that its carriers care more about asset utilization than rate per mile.

The Chicago-based freight brokerage is operating at a $100 million run rate.

Another fast-growth brokerage in Freight Alley pops up.

GlobalTranz more than doubled EBITDA in less than a year.

Circle 8 is GlobalTranz’s ninth acquisition since January 2017.

Scott Hagen, the Corporate Controller, will be the interim CFO, and Robinson Fresh will be lumped in with ‘Other’ services in CHRW’s financial reporting.

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.

The succession makes perfect sense and is a step in the right direction.

High-growth business models make sourcing talent even more difficult for freight brokerages.

Valuations will stay high and capital is readily accessible, bringing both sellers and buyers to market.

We checked in with executives from Edge Logistics, Avenger Logistics, and Convoy to see how brokers are handling YOY volume growth.

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

Small brokerages are confident they can grow quickly in a softening freight environment and trend-line GDP growth.

The boundary between spot and contract pricing is always shifting, especially when freight markets are volatile.

The largest Canadian freight brokerage purchased a 3PL concentrated in the Southeastern United States.

Convoy CEO Dan Lewis said that digital brokerage margins would expand until most participants adopted low-cost structure, then start compressing.

Today’s selloff on soft revenue growth guidance went too far, according to Stifel’s Bruce Chan and Susquehanna’s Bascome Majors.

After a day of choppy trading, a consensus seemed to emerge that CHRW was well-positioned to grow net revenues even in a re-balancing freight market.

CHRW grew earnings per share by 24%, top line revenue by 4.5%; and net revenues by 13%.