Special damages, also known as consequential damages, are extra costs not automatically covered by the carrier. They arise from the consequences of damaged or delayed freight. Here's what brokers and shippers need to know.
Tim received an inbound lead from a new customer for an FTL load of mattresses headed from Cincinnati to Chicago. The customer prepaid for the load with a credit card.
Plus: Overhaul’s data shows California leading in cargo thefts, while U.S. ports report rising imports but slowing exports as holiday prep ramps up—and more.
Dissecting the controversy over a JB Hunt graphic shared in our recent newsletter, which critics called misleading due to its presentation of income figures.
Current freight market explained in one graphic pic.twitter.com/iSLemeT2ud
— Ben Tschirgi (@BenTschirgi) July 18, 2023
Our recent sharing of a graphic from JB Hunt in our newsletter and on social media sparked controversy due to perceived misrepresentation. The graph compared yearly revenues from 2013 to 2022, and then juxtaposed Q2 of 2022 with Q2 of 2023, suggesting a significant drop-off. Critics, including former MoLo Solutions CEO Andrew Silver, deemed this misleading. This critique was based on the graph's pivot from annual to quarterly numbers, and the fact that even the lower Q2 2023 income was still higher than the quarterly average of preceding years. We wish to clarify that this was JB Hunt's presentation, and we merely shared it for informational purposes.
@freightcaviar Got some backlash for sharing this graph in our Wednesday newsletter . Wanted to explain why we shared it
♬ original sound - freightcaviar
Click here to read J.B. Hunt's Q2 Stockholder Report.
Special damages, also known as consequential damages, are extra costs not automatically covered by the carrier. They arise from the consequences of damaged or delayed freight. Here's what brokers and shippers need to know.
Darren also revealed they’re developing a new platform designed exclusively for carriers.
In 2023, the top 10 brokerages earned $53.25 billion in gross revenue. In 2024, that figure dropped to $43.77 billion — an almost 18% decrease.
Revealed through a detailed look at data from ISO's network of brokers. Explore key insights from the ISO Service Index Benchmark Report.
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