Truckstop announced Tuesday it acquired Wize Load and will rebrand it Truckstop Heavy Haul Rates, adding lane-specific pricing to its Heavy Haul Load Board.
DAT Freight & Analytics has announced the acquisition of the Convoy platform from Flexport. Sources suggest the price was around $250m in cash. DAT intends to shift away from its main business: a dumb load-board service that connects brokers with carriers. Convoy, a venture-backed unicorn, shut down abruptly in October 2023. Flexport snapped up its […]
Konexial’s VIN + TUID load board verification cuts down on freight fraud and double brokering by assigning identification to each posted load and every organization that handles it.
Spot freight is the wild card of trucking that offers flexibility, fast solutions, and sometimes, unexpected windfalls. But is it a viable long-term strategy, or just a short-term fix for supply chain disruptions?
This article breaks down how spot freight works, what determines its pricing, and why shippers turn to it instead of contract freight. While it provides an immediate solution for last-minute loads and market shifts, it also comes with financial unpredictability. Learn how businesses can strategically use spot freight to complement their shipping strategy while maximizing opportunities and minimizing risks.
Spot freight rates fluctuate daily, making it tough for carriers to maintain profitability. While load boards provide access to freight, they often lead to rate wars, inconsistent loads, and lower margins. The key to long-term success? Establishing direct relationships with shippers.
Unlike spot market freight, direct shipper contracts offer stable rates, predictable revenue, and reduced competition. Carriers who move beyond transactional load board freight by networking, cold-calling shippers, and delivering exceptional service can secure steady, high-paying freight lanes. The most profitable fleets don’t chase loads, they build partnerships that drive long-term financial stability.
Users of Axele by Optym now have access to Truckstop.com’s loadboard within the Axele system thanks to a new integration.
