Plus, a Chicago-based freight broker boasts about making $215k in one day, Lineage Logistics hits it big with an $18 billion IPO, the latest on the Ocean's 11-style freight heist, and more.
We took the opportunity to ask our Instagram followers about their best days as freight brokers. Here are some of their responses...
Heartland Express, Covenant Logistics, and Knight-Swift Q2 earnings show mixed results, debt reduction, and market stabilization signs.
A Short History of the Top Four Largest Freight BrokeragesC.H. Robinson: Founded in 1905 and headquartered in Eden Prairie, Minnesota, the company provides a myriad of services including freight transportation, transportation management, brokerage, and warehousing globally. Over its 118 years of operation, C.H. Robinson has expanded through significant acquisitions and technological advancements. The company's operations serve a wide range of industries and businesses across North America, Europe, Asia, and South America. Total Quality Logistics: Founded in 1997 and based in Union Township, Clermont County, Ohio. TQL, ranks as the second-largest freight brokerage firm in North America and the 19th largest global third-party logistics provider. As of 2023 it has 56 offices across 26 states and over 9,000 employees. Coyote Logistics: Founded in 2006 by Jeff Silver and headquartered in Chicago, Illinois. Coyote Logistics quickly rose to prominence in the freight brokerage sector through its innovative use of technology and commitment to superior customer service. This rapid growth caught the attention of logistics giants such as United Parcel Service (UPS), which purchased Coyote Logistics in a deal valued at $1.8 billion in 2015. Worldwide Express/GlobalTranz: Two leading logistics firms, Dallas-based Worldwide Express and Phoenix's GlobalTranz, announced a merger in 2021. Worldwide Express, established in 1994, primarily serves the midsize business segment in the U.S. air express and ground shipping market. GlobalTranz was founded in 2003 and is based in Scottsdale, United States. The company had raised a total of $50 million in funding across two rounds, before being acquired for $400 million in 2018. |
The Top Ten
Click here to see the Top Largest 100 Freight Brokerages of 2023. |
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