Last week’s $604 million advisory verdict from a Dallas County jury isn’t final and will be appealed if approved, but liability is becoming a bigger issue for freight brokers.
Major carriers on the trade lane have notified customers of spot rate increases in excess of $1,000 per FEU effective Aug. 1, with forwarders saying the hikes could stick.
The ability to commit enormous human and financial resources to deploy AI initiatives across divisions and geographies provides the world’s two largest forwarders with a competitive advantage over smaller forwarders.
