Truck brokers

News and analysis of truck brokers, technology, cloud, load boards

The latest Truck brokers News & Analysis

US truckload shippers urged to launch bids now to get best 2024 rates

Ari Ashe, Senior Editor |
An uptick in the West Coast share of Asian imports has already translated into heightened demand for surface transportation.
TruckloadTruck brokers

‘Aggressive’ truck brokers stuck in soft market: C.H. Robinson

William B. Cassidy, Senior Editor |
The largest US freight broker expects more companies to follow Convoy and exit the market as demand remains weak and rates stay low. 
SurfaceTrucking NewsTruckloadTruck brokers

No escaping the truckload market’s inherent fragmentation for Convoy

Eric Johnson, Senior Technology Editor |
The demise of truckload broker Convoy has highlighted how difficult it is to create differentiation in a market with no dominant player, with Convoy itself to blame for stoking more competition through its technology focus.
Truck brokersTrucking NewsTruckloadLogistics Technology News

Transfix defies down market to raise $40 million for truckload brokerage

Eric Johnson, Senior Technology Editor |
Transfix’s investment being announced on the same day Convoy told employees it was winding down operations highlights some of the differences between members of a group broadly defined as “digital brokers.”
Truck brokersTrucking NewsTruckloadLogistics Technology News

Freight broker Convoy stops accepting loads amid pending company ‘transition’

Eric Johnson, Senior Technology Editor |
The company has long been a lightning rod in the truckload industry, one of a cohort of so-called digital brokers to emerge in the 2010s backed by venture capital investors with an ambition to make the industry more efficient through digitizing processes.
Truck brokersTrucking NewsTruckloadLogistics Technology News

Increased truckload volatility inducing shippers, brokers to use pricing technology

Eric Johnson, Senior Technology Editor |
Excess capacity in the truckload market is a chance for shippers to examine whether they or their freight brokers have the right technology tools to effectively price in the contract and spot markets.
TruckloadTrucking NewsTruck brokersLogistics Technology News

US truckload sector picks up pace to meet rising threat of cargo theft

Eric Johnson, Senior Technology Editor |
Freight brokers, load boards, technology providers and law enforcement are attempting to contain the growing threat of truckload cargo theft and the fraudulent schemes that underpin it.
Trucking NewsTruck brokersTransport, Trade, and Regulation News

M&A activity in 3PL sector continues as investment firm acquires Ascent

Eric Johnson, Senior Technology Editor |
Two weeks after Forward Air acquired forwarder Omni Logistics, a private investment fund has taken over expedited third-party logistics provider Ascent Global Logistics.
Supply chainSurfaceTrucking NewsTruck brokersAir Cargo Forwarder News

BNSF Logistics turns to Trucker Tools for brokerage software

Eric Johnson, Senior Technology Editor |
Top 30 freight broker BNSF Logistics said it will use Trucker Tools software to improve visibility and freight matching for its surface transportation customers.
Logistics Technology NewsTrucking NewsTruckloadTruck brokers

Convoy promises on-time truckload deliveries with new guaranteed product

Eric Johnson, Senior Technology Editor |
Targeting industrial and retail shippers that need expensive expedited services to meet stringent on-time metrics, freight broker Convoy is offering a product that guarantees shipments will be delivered within a predetermined 30-minute window.
Truck brokersTrucking NewsTruckloadLogistics Technology News

DAT, Convoy settle dueling lawsuits once seen as marker for load board industry

Eric Johnson, Senior Technology Editor |
DAT and freight broker Convoy had challenged each other in federal court over business practices related to Convoy attempting to set up a rival load board.
TruckloadTrucking NewsTruck brokersLogistics Technology News

Truckstop acquires freight matching platform to target ‘high-quality’ carriers

Eric Johnson, Senior Technology Editor |
Truckstop is building on its 2022 purchase of carrier monitoring provider RMIS with the acquisition of freight-matching technology provider FrieightFriend.
TruckloadTrucking NewsTruck brokersLogistics Technology News

Nuvocargo rides Mexico-US freight surge to land fresh investment

Eric Johnson, Senior Technology Editor |
Nuvocargo will use the new funding to expand its service footprint to all major over-the-road border crossings between the US and Mexico.
ForwardingTruck brokersLogistics Technology News

Uber Freight’s Driegert jumps to Flexport to lead new brokerage unit

Eric Johnson, Senior Technology Editor |
Flexport has lured a key figure in the development of Uber Freight and Coyote Logistics in a move likely to shake up the domestic third-party logistics market.
Truck brokersForwardingLogistics Technology News

Cargo fraud, theft surging in ‘wild west’ US truck market

William B. Cassidy, Senior Editor |
Many businesses are being forced to tighten controls over how goods are shipped and who they ship them with, but the technology that helps them may also be used against them, according to industry sources.
SurfaceTrucking NewsTruck brokersSupply chain

Drayage rates fall sharply amid downturn in NY-NJ port volumes

Michael Angell, Associate Editor |
New York-New Jersey port truckers who worked five days per week last year are now down to about half that amount, sending spot drayage rates well below levels seen in 2021 and 2022.
DrayageNorth American portsTrucking NewsTruck brokersIntermodal providers

Court hands freight broker Convoy procedural win in legal battle with DAT

Eric Johnson, Senior Technology Editor |
Transportation observers believe the dueling complaints could have implications for the US spot truckload market because DAT is a primary source of available loads that brokers and carriers use to fill their pools of owned or third-party capacity.
Truck brokersTrucking NewsTruckloadLogistics Technology News

Truckload appointment standards group adds heavyweights to drive adoption

Eric Johnson, Senior Technology Editor |
Echo Global Logistics, Coyote Logistics and prominent transportation management system vendors Oracle and e2open are among new members adding momentum to a truckload appointment scheduling initiative.
TruckloadTrucking NewsTruck brokersLogistics Technology News

Forwarders raked in record revenues in 2022 despite H2 demand collapse

Eric Johnson, Senior Technology Editor |
Historic highs in global freight volumes and rates in the first half of last year helped insulate third-party logistics providers (3PLs) from a market collapse in the second half.
ForwardingContainer Shipping NewsTruck brokersAir Cargo Forwarder News

Shipwell arms ‘underserved’ smaller shippers with automated bidding tool

Eric Johnson, Senior Technology Editor |
Shippers that often use spreadsheets and small transportation teams to bid and execute freight shipments are the target of a new software tool from technology provider Shipwell.
Logistics Technology NewsTrucking NewsTruckloadLTLTruck brokers

Major US freight brokers unveil appointment scheduling standards

Greg Knowler, Senior Editor Europe |
J.B. Hunt, Uber Freight, and Convoy are partnering to develop and drive broad industry adoption of a standard process for truckload appointment scheduling.
Logistics Technology NewsTrucking NewsTruck brokers

M&A in US trucking, logistics cross ‘asset lines’

William B. Cassidy, Senior Editor |
US transportation companies with cash on hand are acquiring asset-based truckers and non-asset freight brokers alike to add services and shipper customers and build network density.
TruckloadDrayageTruck brokers

Werner buys truckload brokerage ReedTMS

William B. Cassidy, Senior Editor |
The acquisition of ReedTMS Logistics not only expands Werner’s brokerage reach, it also delivers shipper customers in the staple food and beverage industries.
TruckloadTruck brokers

US truck capacity shifting as spot rates drop

William B. Cassidy, Senior Editor |
US truckload capacity isn’t so much declining as it is shifting, according to data, and that will pose challenges to shippers and carriers trying to access trucks, trailers, and drivers.
TruckloadLTLTruck brokers

US 3PL Echo extends global forwarding reach

William B. Cassidy, Senior Editor |
The acquisition of Fastmore Logistics will give Echo Global Logistics more access to international freight forwarders, linking domestic and international cargo networks.
Logistics Technology NewsTrucking NewsTruck brokers

Newtrul nabs funding to expand load board ‘search engine’

Eric Johnson, Senior Technology Editor |
The truckload market is still searching for a single platform that aggregates shipper loads and carrier capacity, a role that investors are backing Chicago-based Newtrul to eventually fill.
Logistics Technology NewsTrucking NewsTruck brokers

US trucking market on rough road to ‘equilibrium’

William B. Cassidy, Senior Editor |
Regional stress is running through US truckload markets as demand softens, with price and capacity fluctuations that challenge shippers and carriers.
TruckloadTruck brokers

Faltering stock market halts Transfix’s public listing plans

Eric Johnson, Senior Technology Editor |
A weakening freight market and growing investor unease with holding companies designed to take early stage companies public have led Transfix to put a public listing on ice.
Logistics Technology NewsTruck brokersTrucking News

US for-hire trucking employment takes a plunge

William B. Cassidy, Senior Editor |
Real, unadjusted jobs in trucking dropped by 21,200 in September, an unusually high number, as contract and spot truckload rates declined.
TruckloadLTLTruck brokers

US truck shippers rethinking spot strategy: analysts

William B. Cassidy, Senior Editor |
More shippers are returning to the truckload spot market as rates drop, but experts say they’re using that market more strategically than ever before to reduce transportation costs.
TruckloadTruck brokers

Truck tonnage surge shows crack in freight gridlock

William B. Cassidy, Senior Editor |
US for-hire truck tonnage jumped 2.8 percent in August from July, according to the American Trucking Associations, as consumers and the US economy remained resilient despite inflation.
Trucking NewsLTLTruck brokers

Convoy wades into visibility market with new tools

Eric Johnson, Senior Technology Editor |
Convoy is attempting to differentiate itself within the competitive freight broker landscape by using data gathered from its driver-mandated app to provide more execution-focused visibility insights.
Logistics Technology NewsTrucking NewsTruck brokers

Truckload rate relief coming to US shippers: Cass

William B. Cassidy, Senior Editor |
It is “highly probable” US shippers will recover at least some of last year’s truckload rate hikes, as the Cass Freight Index shows a sequential drop in truckload linehaul costs.
TruckloadLTLTruck brokers

High demand keeps lid on truck capacity: experts

William B. Cassidy, Senior Editor |
Strong trucking demand beyond the truckload spot market is to keep pressure on truck pricing, and will do so into 2023, speakers at a JOC webcast said Wednesday.
TruckloadLTLTruck brokers

Convoy–DAT battle a sign of impending load board disruption

Eric Johnson, Senior Technology Editor |
Convoy’s counterpunching approach to being sued by load board provider DAT Freight & Analytics is as much about winning the battle of public opinion as it is about winning in court, a transportation attorney told JOC.com.
Logistics Technology NewsTruck brokersTrucking News

US trucking demand steady despite steep spot rate correction

William B. Cassidy, Senior Editor |
The US trucking market is reinventing itself after a significant spot market correction, with larger contract carriers expecting steady freight demand through 2022 despite economic fears.
TruckloadLTLTruck brokers

DAT, Convoy embroiled in anti-competition legal battle

Eric Johnson, Senior Technology Editor |
Load board provider DAT and freight broker Convoy have sued one another over Convoy’s development of a product that DAT says is competitive with its own, violating a contract Convoy signed with DAT.
Logistics Technology NewsTruck brokers

Flexport, Nolan partner to track global, domestic freight

Eric Johnson, Senior Technology Editor; and William Cassidy, Senior Editor |
End-to-end visibility of the freight flowing across oceans and moving across the US is the goal of the partnership between Flexport and Nolan Transportation Group, giving shippers more control over modal choices and costs.
Logistics Technology NewsTruck brokersTrucking News

US trucking looking more ‘seasonal’ to motor carriers

William B. Cassidy, Senior Editor |
Seasonal trends in over-the-road trucking are re-emerging — but not pre-COVID pricing — as the market realigns, truckload carrier executives say.
TruckloadTruck brokers

Trucking PPIs indicate ‘cooling’ contract pricing

William B. Cassidy, Senior Editor |
A 2.4 percent drop in the long-haul truckload producer price index for June shows contract truckload rates are softening, but prices shippers pay for LTL and specialized trucking continue to rise.
TruckloadLTLTruck brokers