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.
Learn how freight brokers can source vetted carriers faster using real lane activity, invoice-backed rate intelligence, and proactive fraud monitoring through OTR Select
How Lloyd’s of London went from a dockside coffee shop to the backbone of global cargo insurance and why freight brokers still debate using it.
With assets and liabilities ranging from $1 million to $10 million, the company's goal is to stabilize its finances.
"Verdict on earnings at CHRW has been swift and savage. It hit a 52-week low at $71.57 today. It was $89.71 as recently as Jan 5. Stock hasn't been this low since May '20." - John Kingston
Ryder System expands its operations by acquiring Cardinal Logistics, enhancing its dedicated transportation services.
The FBI's 'Operation Dead Hand' exposes a drug ring involving Mexican cartels, Canadian truckers, and cross-border smuggling.
C.H. Robinson's Q4 2023 earnings report showed a decline in gross profits by 20% to $609.3 million, and income from operations decreased by 34.5% from a year earlier.
UPS acquired Coyote Logistics in 2015 for $1.8 billion, marking it as the most expensive acquisition in UPS history at the time.
U.S. cross-border truck freight hits a 33-month growth, with over $82B in goods moved in November.
Thieves stole $20K worth of meat from trucks in Philadelphia, another case contributing to the rise in cargo thefts in the city.
A recent chart released by GenLogs reveal an unusual pattern in truck volumes from the holiday season extending into the new year.
The first tool a salesperson should have is relationship-based selling, and the second is persistence. You have to be able to take no for an answer, keep going, and not take it personally.
QOTD: Can you guess the total marginal cost per mile for operating a semi-truck in 2022?
Marten Transport's Q4 2023 net income fell sharply despite efforts to maintain service rates and manage increased insurance costs.
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