"We're basically in the center of the United States. As middle as you can get. Every class one railroad comes through Kansas City. It makes it very unique."
Freight fraud is a multi-billion-dollar problem, and the old verification model is broken. Here’s the new standard every broker needs to build toward in 2026.
S&P is cautiously optimistic about the freight recovery, but it still kept RXO's rating below investment grade. Plus: the Strait is set to reopen, Volvo pulls the safety driver, the U.S. goes after cheap trailers, 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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