Plus, a Chicago-based freight broker boasts about making $215k in one day, Lineage Logistics hits it big with an $18 billion IPO, the latest on the Ocean's 11-style freight heist, and more.
We took the opportunity to ask our Instagram followers about their best days as freight brokers. Here are some of their responses...
Heartland Express, Covenant Logistics, and Knight-Swift Q2 earnings show mixed results, debt reduction, and market stabilization signs.
Chicago-based Coyote Logistics, a UPS subsidiary, cuts jobs in sales and operations to align with business needs.
Coyote Logistics, a digital freight brokerage based in Chicago, has recently confirmed job cuts in its sales and operations divisions. The exact number of affected employees is undisclosed:
Anyone @CoyoteLogistics impacted by these layoffs, let me know - @BetterTrucks is hiring. Will match your existing comp structure. https://t.co/s4bKADhxrg
— Andy Whiting (@paducah) January 13, 2024
Employees received an email about the layoffs, signaling a challenging start to the year:
This development comes amidst similar actions in the industry:
Source: FreightWaves
New hire's suspicious behavior raises red flags at freight company. Industry veteran shares similar tale, highlighting ongoing corporate espionage concerns.
TQL secures win in 11th Circuit Court, reinforcing 3PL protections against liability in carrier accidents. Here's why it matters.
I remember in my early days as a carrier rep thinking, 'If only I had that massive carrier someone else has, I would be killing it,' or 'If only I had that one massive customer, I would be killing it.' The truth is that one account or one carrier won't make your brokerage great..."
"I worked at two of the larger, more reputable brokerages and left them for smaller shops. I learned that the grass isn't always greener..."
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