Truck brokers

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

The latest Truck brokers News & Analysis

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

Eric Johnson, Senior Technology Editor | Sep 8, 2023, 9:53 AM EDT

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.
TruckingTruck brokersTransport, trade and regulation

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

Eric Johnson, Senior Technology Editor | Aug 22, 2023, 1:19 PM EDT

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 ChainSurfaceTruckingTruck brokersAir cargo forwarding

BNSF Logistics turns to Trucker Tools for brokerage software

Eric Johnson, Senior Technology Editor | Aug 14, 2023, 2:41 PM EDT

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 technologyTruckingTruckloadTruck brokers

Convoy promises on-time truckload deliveries with new guaranteed product

Eric Johnson, Senior Technology Editor | Aug 10, 2023, 10:55 AM EDT

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 brokersTruckingTruckloadLogistics technology

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

Eric Johnson, Senior Technology Editor | Jul 18, 2023, 2:55 PM EDT

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.
TruckloadTruckingTruck brokersLogistics technology

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

Eric Johnson, Senior Technology Editor | Jul 18, 2023, 2:22 PM EDT

Truckstop is building on its 2022 purchase of carrier monitoring provider RMIS with the acquisition of freight-matching technology provider FrieightFriend.
TruckloadTruckingTruck brokersLogistics technology

Nuvocargo rides Mexico-US freight surge to land fresh investment

Eric Johnson, Senior Technology Editor | Jun 27, 2023, 12:25 PM EDT

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

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

Eric Johnson, Senior Technology Editor | May 18, 2023, 2:39 PM EDT

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

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

William B. Cassidy, Senior Editor | May 15, 2023, 11:05 AM EDT

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.
SurfaceTruckingTruck brokersSupply Chain

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

Michael Angell, Associate Editor | May 2, 2023, 12:12 PM EDT

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 portsTruckingTruck brokersIntermodal providers

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

Eric Johnson, Senior Technology Editor | May 1, 2023, 10:56 AM EDT

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 brokersTruckingTruckloadLogistics technology

Truckload appointment standards group adds heavyweights to drive adoption

Eric Johnson, Senior Technology Editor | May 1, 2023, 5:00 AM EDT

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.
TruckloadTruckingTruck brokersLogistics technology

Forwarders raked in record revenues in 2022 despite H2 demand collapse

Eric Johnson, Senior Technology Editor | Mar 31, 2023, 9:00 AM EDT

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 shippingTruck brokersAir cargo forwarding

Shipwell arms ‘underserved’ smaller shippers with automated bidding tool

Eric Johnson, Senior Technology Editor | Mar 16, 2023, 6:00 AM EDT

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 technologyTruckingTruckloadLTLTruck brokers

Major US freight brokers unveil appointment scheduling standards

Greg Knowler, Senior Editor Europe | Dec 5, 2022, 10:47 AM EST

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 technologyTruckingTruck brokers

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

William B. Cassidy, Senior Editor | Nov 8, 2022, 1:37 PM EST

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 | Nov 7, 2022, 2:18 PM EST

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 | Nov 4, 2022, 5:11 PM EDT

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 | Nov 3, 2022, 2:37 PM EDT

The acquisition of Fastmore Logistics will give Echo Global Logistics more access to international freight forwarders, linking domestic and international cargo networks.
Logistics technologyTruckingTruck brokers

Newtrul nabs funding to expand load board ‘search engine’

Eric Johnson, Senior Technology Editor | Nov 1, 2022, 4:10 PM EDT

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 technologyTruckingTruck brokers

US trucking market on rough road to ‘equilibrium’

William B. Cassidy, Senior Editor | Nov 1, 2022, 3:18 PM EDT

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 | Oct 13, 2022, 4:23 PM EDT

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 technologyTruck brokersTrucking

US for-hire trucking employment takes a plunge

William B. Cassidy, Senior Editor | Oct 7, 2022, 4:09 PM EDT

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 | Oct 5, 2022, 4:02 PM EDT

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 | Sep 21, 2022, 1:37 PM EDT

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.
TruckingLTLTruck brokers

Convoy wades into visibility market with new tools

Eric Johnson, Senior Technology Editor | Sep 19, 2022, 5:00 AM EDT

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 technologyTruckingTruck brokers

Truckload rate relief coming to US shippers: Cass

William B. Cassidy, Senior Editor | Aug 16, 2022, 10:15 AM EDT

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 | Aug 10, 2022, 5:10 PM EDT

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 | Aug 8, 2022, 2:32 PM EDT

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
Logistics technologyTruck brokersTrucking

US trucking demand steady despite steep spot rate correction

William B. Cassidy, Senior Editor | Aug 2, 2022, 4:38 PM EDT

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 | Aug 1, 2022, 10:38 AM EDT

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 technologyTruck brokers

Flexport, Nolan partner to track global, domestic freight

Eric Johnson, Senior Technology Editor; and William Cassidy, Senior Editor | Jul 28, 2022, 3:01 PM EDT

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 technologyTruck brokersTrucking

US trucking looking more ‘seasonal’ to motor carriers

William B. Cassidy, Senior Editor | Jul 26, 2022, 10:07 AM EDT

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 | Jul 15, 2022, 4:35 PM EDT

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

US shipper spending rising as shipments fall: Cass

William B. Cassidy, Senior Editor | Jul 14, 2022, 1:44 PM EDT

The Cass Freight Index shows volatility in shipment volumes, rates, and modal mix with the US economy in a “soft patch” in June.
TruckloadLTLTruck brokers

US truck demand rising despite slowing economy

William B. Cassidy, Senior Editor | Jul 12, 2022, 5:26 PM EDT

The US economy likely contracted in the second quarter, but analysts see signs of growing freight activity ahead.
TruckloadTruck brokersLTL

Transporeon touts freight matching as solution to ‘double brokering’

Eric Johnson, Senior Technology Editor | Jun 23, 2022, 1:40 PM EDT

Freight procurement specialist Transporeon has added a freight matching component to its product suite to help brokers tender spot freight to carriers already in their network.
Logistics technologyTruckingTruck brokers

No logistics ‘normalcy’ in sight for US shippers: CSCMP

William B. Cassidy, Senior Editor | Jun 22, 2022, 2:49 PM EDT

Despite softening spot rates in some modes, overall supply chain costs are rising, with higher interest rates putting more pressure on inventories, according to the CSCMP State of Logistics report.
TruckingLTLTruck brokers

Demand for digital truckload spot quotes rises as prices fall

William B. Cassidy, Senior Editor | Jun 17, 2022, 10:55 AM EDT

C.H. Robinson Worldwide says the changing trucking market is driving up demand for automated spot pricing quotes by double-digit percentages.
Truck brokersLogistics technology

Shippers adapting to ‘realignment’ of US trucking capacity, rates

William B. Cassidy, Senior Editor | Jun 7, 2022, 5:05 PM EDT

The cooling of trucking’s transactional spot market signals a “realignment,” not a contraction, as shippers cement contractual agreements and freight demand rises, albeit more slowly.
TruckloadLTLTruck brokers