Landstar has seen volume declines accelerate in recent weeks and management believes that a recovery is unlikely until the automotive and building products segments resume activity.
Cultivating a positive culture while protecting the business
Freight Management Systems (FMS) has created a new web-based TMS solution that brings in open API to extend and function within any brokerage operation.
Freight brokers expect spot rates to ramp this week, but the long-term outlook is uncertain.
“There will be extended closures on I-70 and US-40.”
Echo protected its margins and issued positive guidance for Q1 and 2020.
Market softness, excess capacity, weak demand and soaring insurance costs and claims were the near-term challenges highlighted on Landstar’s conference call.
Landstar’s insurance and claims expense line hit first-quarter results, and another fatal accident results in guidance well below analysts’ expectations.
The impact of new technology in freight brokerages and how it is changing compensation.
Capacity is a proof of concept for smaller brokerages building out their own freight-matching platforms.
The Nolan Transportation Group and Transportation Insight roll-up continues apace.
The amount of capacity allocated to the amount of freight moved is the most important factor in determining freight rates.
Markets from Los Angeles and Ontario to Yuma, Salt Lake City, and Minnesota have suddenly tightened as routing becomes directionally constrained.
Truckstop.com pioneered digital innovation in logistics with the first online platform for load boards.
Landstar’s strong cash flow generation and enviable balance sheet allow it to pay large special dividends even in down market years.
Former carrier and freight broker brings unique perspective to No. 1 news source.
Will markets remain tight into the first quarter or soften right after Thanksgiving?
Truckstop.com CEO dives into Book It Now and how the company plans to reduce friction between brokers and carriers.
FreightWaves CEO Craig Fuller joins the ‘On the Spot’ crew at FreightWaves Live in Chicago to deliver the weekly freight rates report.
McElroy wants to see a more efficient brokerage industry. He believes competition is promoting that.
