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.
Brokerage fraud has made the landscape of our industry unrecognizable, and unfortunately, its impact continues to grow and expand daily. As logistics industry lifers, we recognized the pressing need to devise methods for safeguarding our operations and valued partnerships.
Valued at $8 billion in February 2022 (for comparison, CH Robinson's market cap was at $10 billion), they have been on the receiving end of both criticism and praise.
A truck driver involved in defrauding Roadrunner out of $112K receives house arrest and must pay restitution.
CEOs at Davos signal ongoing supply chain disruptions may persist, affecting global freight and consumer prices.
Sharp increase in freight rates early 2024 may signal an impending surge in goods inflation, according to data from Steno Research.
"Our number one challenge is fraud; fraud is rampant in trucking, it has ballooned to an $800 million problem. There's a surge of malicious actors engaging in illegal activity. Unfortunately, FMCSA is failing to enforce the law..." - Jeffrey Tucker
The ambition for the next 20 years in freight brokerage is to transition from being great to becoming amazing, a feat few have achieved. The journey towards this goal demands solving complex supply chain problems for shippers.
"Southern California ports are winning back U.S. containerized imports, benefiting from labor peace and canal disruptions.
Representing TIA, Freight brokerage CEO Jeffrey Tucker warns Congress about an $800M fraud problem in trucking, urging FMCSA enforcement.
ITS Logistics commits $30M to ContainerAI, aiming to optimize supply chain visibility and client service.
Caraway's VP of Operations advocates for broker partners who use technology to enhance efficiency, stressing the shift from traditional email-based methods to more technologically advanced, effective partnerships.
A mere 1.2% growth is expected this year, with a slight uptick to just over 2% in 2025.
Join over 14K+ subscribers to get the latest freight news and entertainment directly in your inbox for free. Subscribe & be sure to check your inbox to confirm (and your spam folder just in case).
