freight brokerage

Pat Gillihan, a freight brokerage industry veteran from XPO Logistics (NYSE: XPO) and Covered Logistics and Transportation, joined Chicago-based brokerage Transportation One as its chief revenue officer, the company announced October 23. Transportation One's core business is full truckload...

A recent survey of Transportation Intermediaries Association members conducted by freight payment technology company TriumphPay revealed that roughly 90 percent of truck brokers do not have a web portal that allows carriers to view their payment status and manage their payment method. That...

The business fundamentals of freight brokerage – using an operations call center to find trucks to move freight – have not changed in the past 10 years. Volume per broker per day, gross margins and net revenue per load are still the metrics by which brokerage executives measure performance....

By Scott Simanek, Chief Commercial Officer, Unis Fulfillment and Transportation The soft freight market of 2019 has caused the bankruptcy of 640 trucking companies,  11 of which are major carriers, accounting for the loss of over 3,000 jobs. For perspective, the whole of 2018 saw 318 carrier...

Freight brokers said in interviews this week that sustained higher volumes are now making an impact on their businesses as revenue per load and margin per load increase. Brokers reported that more ‘hot loads,' or shipments tendered with little lead time because they have been rejected by primary...

Today the freight landscape is inundated with technology startups that look to create digital marketplaces that connect shippers directly to carriers, helping cut out freight brokers and generally improve efficiency levels within the ecosystem. Parade, a California-based freight startup, is...

Contract rates for trucking are still sliding while spot rates are flat to up, compressing freight brokerages' gross margins. In a challenging freight environment for third-party logistics providers (3PLs) like the current market, brokerages that want to grow must figure out how to free up...

Susquehanna analyst Bascome Majors thinks that while contract rates will be under downward pressure for the rest of the year, spot prices may have started to inflect upward. In the past week or so, Wall Street banks have been preparing for second quarter earnings results from transportation and...

The cloud is democratizing access to software and computing resources. With Carggo, freight brokerages can leverage sophisticated matching and pricing engines to grow their businesses at a very low cost. Freight brokerage in North America is undergoing a technological transformation enabled by...

At FreightWaves' Transparency19 event last week in Atlanta, some of our industry's best and most innovative minds came together to discuss tech, trends and of course, Amazon. Amidst the glitz and glamour of investment dollars pouring into our space and the excitement that comes from innovation, one...

FreightWaves is providing a forum – Market Voices – for a number of market experts. Brian Laung Aoaeh writes about the reinvention of global supply chains, from the perspective of an early-stage technology venture capitalist. He is the co-founder of REFASHIOND Ventures, an early-stage...

Shippers and carriers alike are exposed to spot market volatility Commentary FreightWaves staff members and writers often speak with freight brokers and third-party logistics providers (3PLs), from front-line salespeople and carrier reps to C-suite executives, in order to learn about the current...