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.
Greenscreens.ai provides its freight market update for June 5th, 2023, detailing the 30-day average rate per mile trend for dry vans across key lanes. The Baltimore, MD - Chicago, IL lane had an average length of 725 miles and demonstrated a 3.5% increase in the rate per mile from its 30-day average of $1.54. The Dallas, TX - Lubbock, TX lane saw a 2.1% rise in its rate per mile, with an average journey length of 337 miles. However, rates on the Charlotte, NC - Lakeland, FL lane, spanning an average of 588 miles, decreased by 4.1% from its 30-day average rate of $2.74. Finally, the rate per mile for the Stockton, CA - Ontario, CA lane, averaging 367 miles, fell by 4.3% from its 30-day average of $1.74.
Click here to learn more about Greenscreens.
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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