Plus: PTL truck struck by BNSF train, Carrier411 cuts ties in Mexico, license scheme bust in Florida, and more in today’s FreightCaviar newsletter.
Carrier411 ends access for a Mexican staffing partner amid LA protest. U.S.-Mexico freight trade decreased but remains strong.
Florida authorities arrest eight in a driver’s license scheme involving "illegal aliens." DMV employees issued licenses without proper testing.
Global freight forwarding market dips; headwinds from economic slump and evolving consumer trends.
The global freight forwarding market is anticipated to contract by 3.9% in 2023, hitting a market value of $366.07 billion, continuing from a 3.7% contraction in 2022. The Asia Pacific, despite being the largest market holder, witnessed the most significant dip. Challenges sprouting from a global economic downturn, shifts in consumer behavior, and an oversupply outpacing demand have steered digital forwarders to recalibrate their growth trajectories and conventional forwarders to bank on technology to uphold margins.
TIA data shows small freight brokers gained volume in Q1 2025, but gross margins declined across all brokerage sizes
ATA and ACT Research report declines in U.S. truck tonnage and trailer orders in April, as economic uncertainty and tariff pressures stall recovery across freight and equipment markets.
The freight market recovery is still stuck in neutral, so what are brokers doing instead? 76% are betting on tech, automation, and efficiency to stay ahead in 2025.
Freight markets show slow recovery signs, but challenges persist. Dive into the latest tonnage, load-to-truck ratios, and order data shaping the trucking industry.
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