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.
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.
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.
Morgan Stanley's latest TLQURE model forecasts significant increases in truckload spot rates over the next year. What does this mean for the industry?
Southeastern carriers are rejecting loads at the highest rate since July 2022, breaking a two-year trend of low volatility and loose capacity.
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