🎣 Brokers Could Be Cooked
The Supreme Court just heard arguments in the broker liability case we’ve been tracking. Plus: oil shipping costs explode, trucking insurance is stuck in 1980, regulators brace for a carrier crackdown, and more.
Insiders and LinkedIn trails reveal apparent layoffs at MoLo and Parade. Official announcements have not been made.
Andrew Silver and Matt Vogrich join Mastery Logistics Systems, founded by Jeff Silver, as EVPs.
Levity helps fast-moving 3PLs and freight brokers to do more with less by automating the most time-consuming and repetitive email tasks.
Shipwell's sale of its brokerage arm to CloudTrucks allows the company to refocus on the core of its SaaS platform.
CEO Ryan Petersen has emphasized the necessity of these tough decisions to guide Flexport back to a profitable state.
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.
Coyote Logistics introduces "voluntary separation" program for high-level employees, marking its fourth staff reduction in 2023.
Transfix secures $40M Series F at a 60% down round, from $940M to $376M valuation.
TriumphPay's financial performance is a tale of ups and downs. EBITDA losses narrow as invoice volumes soar, but the factoring business faces hurdles.
Uber Freight's latest innovations include a revamped TMS, a game-changing procurement tool, and deep AI integration that's turning heads.
Major asset-based 3PL firm Meadow Lark Companies shuts down after four decades.
Flexport, a freight-forwarding giant, is in turmoil as CEO Ryan Petersen aims to stabilize finances, leading to a 30% workforce cut. An expert predicts a challenging future.
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