A 20-year veteran of the freight industry, with 60k TikTok followers, argued that small carriers can't survive without brokers. Plus: the FBI's PSA, Steam Logistics sues two of its own, Ohio Turnpike comes for 315 carriers, and more.
Plus, Utah hands down an $81M nuclear verdict, hundreds of Mexican driver visas revoked at the border, Q1 earnings roundup, and more in today's newsletter.
*Greenscreens.ai, forecasts real-time truckload buy prices that are suited to each freight brokerage's purchasing power using AI and machine learning. Its engine takes into account over 130 attributes and data points in each rate forecast.
The latest freight market update by Greenscreens.ai, dated June 2nd, 2023, reveals the leading lane movers based on the 30-day trend for the average rate per mile for dry vans. For the Ontario, CA - Reno, NV lane, covering an average distance of 472 miles, the 30-day average rate was $3.05 per mile, marking a 7.8% increase. The Ontario, CA - Salt Lake City, UT lane, averaging 582 miles, also saw a 7.8% increase from its 30-day average rate of $2.99 per mile. The rate for the Dallas, TX - Lubbock, TX route, averaging 333 miles, rose by 3.4% from its 30-day average of $2.77. Conversely, the Stockton, CA - Ontario, CA route, with an average length of 369 miles, saw its 30-day average rate of $1.74 per mile decrease by 37%.
Plus, the offshore dispatchers your safety score can't catch, why Hormuz stays closed even after the war ends, what Triumph Financial's invoice volumes say about where freight is headed, and more.
Plus, diesel's rising price streak finally snaps, a 13-year shipper relationship ends in a $726K lawsuit, Congress takes a real swing at cargo theft, and more in today's newsletter.
The March LMI reads like 2022 with prices at a 4-year high.
Plus: warehouse arson in California, Mexico's trucker strike enters day three, and broker margins are still underwater.
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