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.
Fraud alert: Trofeo Logistics Inc accused of double-brokering and damaging freight, leading to unpaid drivers and duped businesses.
Efficiency Logistics Group reports a fraudulent incident involving Trofeo Logistics INC, who double-brokered a freight load from Texas to Pennsylvania. Pretending to be WELS Logistics on DAT, Trofeo assigned the load to another driver for a reduced rate. Upon delivery, the freight was found damaged and Trofeo refused to pay the second driver and blocked all communication. The fraudulence was revealed when the driver's factoring company discovered that WELS never held the load.
Update: we received this message from another follower:
New hire's suspicious behavior raises red flags at freight company. Industry veteran shares similar tale, highlighting ongoing corporate espionage concerns.
We are currently getting insider information from a freight broker who is dealing with this situation.
Zigmantas allegedly created several fake identities and companies, including both motor carriers and brokers.
Alice F. Martin, owner of Martin Logistics, faces charges for evading nearly $1.2 million in taxes.
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