Plus, the offshore dispatchers your safety score can't catch, why Hormuz stays closed even after the war ends, what Triumph Financial's invoice volumes say about where freight is headed, and more.
"I think some TMS's are failing because they don’t understand what brokers do every day."
Plus, USPS gives non-domiciled CDL carriers an 11-day deadline, the spot-to-contract spread starts squeezing 3PLs, Knight-Swift trims its Q1 guide but stays bullish, and more.
Despite a decline in US warehouse demand, rents are escalating due to constricted new capacity and stringent lending norms, with Prologis predicting a 10% increase this year; at the same time, building starts have fallen dramatically and available capital has reduced, due to the weakened market and high-interest rates.
Source: The Load Star
Slower demand, but US warehouse rents rise in 'tight and expensive' market https://t.co/j32aR98BPw
— The Loadstar (@theloadstar) June 1, 2023
Plus, the offshore dispatchers your safety score can't catch, why Hormuz stays closed even after the war ends, what Triumph Financial's invoice volumes say about where freight is headed, and more.
Plus, diesel's rising price streak finally snaps, a 13-year shipper relationship ends in a $726K lawsuit, Congress takes a real swing at cargo theft, and more in today's newsletter.
Plus, C.H. Robinson's 2026 rate forecast update, Hormuz tankers still stuck, a $1M LEGO heist, and more.
The March LMI reads like 2022 with prices at a 4-year high. Plus: warehouse arson in California, Mexico's trucker strike enters day three, and broker margins are still underwater.
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