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.
New FMCSA guidelines aim to clarify the roles and responsibilities of brokers, dispatchers, and agents in the trucking industry, helping to expose and curb illegal broker activities.
The Federal Motor Carrier Safety Administration (FMCSA) has issued final guidelines aimed at curbing the rise of illegal brokers and dispatchers in the trucking industry. The guidelines, developed in response to the 2021 Infrastructure Investment and Jobs Act, clarify FMCSA’s interpretation of truck brokerages and "allocation of traffic" among brokers, dispatchers, and agents. They provide examples of legal brokered loads and stress that entities acting as dispatchers need a broker's license unless working under specific conditions. The Small Business in Transportation Coalition (SBTC) has applauded the move, stating it could be a "death blow" for unlicensed brokers.
Source: FreightWaves
Final guidelines issued by the FMCSA clarifying the agency’s interpretation of truck brokerages could help reverse a growing trend of illegal brokers and dispatchers infiltrating the industry, according to a group representing small-business truckers.https://t.co/fXjG50Hvms
— FreightWaves (@FreightWaves) June 15, 2023
We took the opportunity to ask our Instagram followers about their best days as freight brokers. Here are some of their responses...
A truck carrying flammable chemicals crashed and exploded on Route 3 in Clifton, NJ, killing the driver and forcing evacuations.
Q2 sees slower rate of trucking business exits, but market remains challenging. Here are the latest industry data and expert insights.
Driver wages remain the largest expense. Safety bonuses ($1,831 average) surpassed starting bonuses for the first time.
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