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.
Learn how freight brokers can source vetted carriers faster using real lane activity, invoice-backed rate intelligence, and proactive fraud monitoring through OTR Select
In a $160b freight brokerage industry, the cream truly rises to the top. While there are 30k active freight brokerages registered with the FMCSA, the top 3% commandingly generate 80% of the gross revenue, with the elite 20 representing a third of the entire market.
A vigilant trucker took down a booting scam leading to an arrest near Conley, GA.
Recent data from the Run for Less event reveals impressive performance by the Tesla Semi, with insights on range and capabilities. Tesla's electric truck appears to live up to the hype.
Hostess, famous for Twinkies, gets a sweet deal as J.M. Smucker acquires it for $5.6 billion.
Good Monday Morning. We're excited to bring you one of our favorite podcasts ever. We sat down with
Old Dominion Freight Line's August performance rebounded after Yellow Corp's shutdown, with revenue resilience and growth.
Argo AI's founders bounce back, teaming up with SoftBank to start Stack AV, a $1 billion autonomous trucking venture.
Dave Clark's departure from Flexport has ripple effects. Executives out and a company refocus.
Good Friday morning. As Friday rolls in, we've got a story on the Top 10 flatbed carriers in
Panama Canal faces climate-induced droughts, leading to ship congestion & high transit fees, impacting global trade ahead of the holiday season.
The former Amazon exec resigns saying the company's pivot back to the core freight business is better led by founder.
Forward Air's acquisition of Omni Logistics ignites investor backlash, prompting stock to drop nearly 40%.
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