Trucking Freight Brokers

Trucking Freight Brokers

Timely news, data and market analysis of transportation brokers, freight brokerage and truck freight companies. Trucks move nearly three-quarters of all domestic freight tonnage and generate nearly four-fifths of the nation’s freight bill, according to recent 2018 survey by the American Trucking Associations (ATA), the trucking sector handles nearly 70 percent of all trade between the US and Mexico, and nearly sixty percent of all US-Canada trade. Although the trucking sector is highly fragmented, the largest trucking companies in North America have increased their collective market share, year to year and decade to decade. From 2009 to 2018, the 50 largest trucking companies boosted their share of the for-hire trucking market from 27 percent to 38 percent.

Commentary

Because “hedonic,” supply-and-demand-based pricing leads to bigger swings in trucking rates, accounting for both costs and market sentiment data could smooth the market’s inherent peaks and valleys.

News & Analysis

05 Nov 2021
The Biden administration’s COVID-19 vaccination and testing mandate for large employers will affect truck capacity and pricing, but questions about the extent of its impact remain.
04 Nov 2021
A survey of independent truckers and small trucking firms by Truckstop.com and Bloomberg Intelligence found them optimistic about the potential for higher contract and spot rates next year.
02 Nov 2021
Trucking companies are seeking an exemption to the COVID-19 vaccine mandate being implemented by the US government for large employers, which they say would further disrupt already tight US trucking capacity.
22 Oct 2021
International air freight and last-mile delivery saw the fastest revenue growth in the transportation sector last year, while industrial transportation suffered.
21 Oct 2021
C.H. Robinson Worldwide is linking its less-than-truckload carrier network to the retail platform offered by SPS Commerce to help shippers get retail goods onto shelves and avoid holiday stockouts.
19 Oct 2021
Choptank expands Hub Group’s refrigerated brokerage business as US shippers demand greater access to transportation capacity across modes and sectors.
14 Oct 2021
project44 is moving beyond freight visibility into booking through a new product that uses carrier location data to identify when truckload capacity is soon to be available for freight brokers to book.
14 Oct 2021
Vendorflow, a new platform to harmonize communications between logistics providers and the carriers they use, has secured funding from a range of venture capital investors with previous logistics expertise.
12 Oct 2021
The third-party logistics market is being reshaped in a crucible of ongoing supply chain disruption and technology, Transplace CEO Frank McGuigan told the JOC Inland Distribution webcast.
06 Oct 2021
The backlog of freight in Southern California is forcing more shippers to the truckload spot market as they search for any available capacity to speed goods inland.
05 Oct 2021
Recent merger and acquisition activity, such as the ArcBest-Molo deal, proves many investors believe opportunity lies in third-party logistics providers.
05 Oct 2021
A Chicago-based trucking platform focused on cross-border freight has launched a contract board for small carriers to find repetitive, complementary loads from large shippers.
29 Sep 2021
The $235 million acquisition of MoLo Solutions will double ArcBest’s available capacity and reflects an industrywide drive to access capacity across modes and networks.
29 Sep 2021
Speakers at the Coyote Logistics Digital Summit said some truckload capacity is creeping back into a very tight market, but not to expect major changes in rates, especially for shippers on the “import side.”
28 Sep 2021
Although national spot rate averages are flat, significant increases in dry-van truckload volumes from US ports are tightening pricing pressure in long-haul lanes as importers rush goods further inland.
24 Sep 2021
Jam-packed West Coast warehouses are pushing more freight inland earlier, raising spot prices and expedited trucking costs in lanes out of the Los Angeles region faster than expected.
22 Sep 2021
Transfix’s announcement that it is going public will serve as a comparison against incumbent brokers and a reference point for other digital brokers and technology providers with public aspirations.
21 Sep 2021
As shippers increasingly turn to – or are forced to – the spot market for truck capacity, automation will identify opportunities to lower costs, according to C.H. Robinson Worldwide.
10 Sep 2021
The $1.3 billion acquisition of Echo Global Logistics by a private equity company will fuel an automation drive at the third-party logistics provider as shippers dealing with disruption demand more sophisticated technology.
03 Sep 2021
Rather than adding terminals, XPO says it is deploying technology to better utilize existing space in its trailers and speed trucks, effectively expanding the capacity it can offer customers.
31 Aug 2021
Shippers will see spot market truck rates rise in lanes across the US as Hurricane Ida’s powerful punch adds to growing supply chain disruption.
29 Aug 2021
Instead of waiting for autonomous trucks, shippers starving for capacity should automate processes starting with freight pickup and delivery to save drivers time, says MIT FreightLab’s co-director.
27 Aug 2021
Johnsonville Transport & Logistics, an arm of Wisconsin-based sausage giant Johnsonville, is looking to collaborate with its retail customers and other food shippers and carriers to solve truck capacity, delivery challenges.
12 Aug 2021
Forget the fall, the peak US truck shipping season is under way now, trucking analysts say, with spot truckload rates elevated and contract rates still climbing.
10 Aug 2021
Old Dominion Freight Line, the second-largest US LTL carrier, is accelerating a $275 million expansion plan as surging LTL becomes more central to the consumer economy.
05 Aug 2021
Leaf Logistics has carved out a niche by enabling shippers to tie up forward truckload contracts, but is now aiming to help them move more volume away from static contract rates.
22 Jul 2021
The acquisition of third-party logistics provider Transplace will transform Uber Freight, providing greater access to shippers, as it builds a “fully-scaled” logistics platform.
19 Jul 2021
Truckload rates should begin to flatten as freight volumes and networks “max out,” but shippers shouldn’t expect pricing to slip very far, Michigan State University’s Jason Miller tells JOC.com.
15 Jul 2021
Digital broker Uber Freight is expanding its truckload platform to encompass LTL, as strapped US shippers turn to LTL carriers and 3PLs such as BlueGrace for capacity.
23 Jun 2021
A lack of truck drivers and equipment, not a cooler economy, is behind a recent drop in for-hire trucking tonnage and spot market volume, as demand overshoots supply chain capacity.
22 Jun 2021
A software provider that offers visibility and freight matching tools to brokers has been acquired by a private equity firm in a move designed to grow its attractiveness to midsized brokers and small carrier fleets.
14 Jun 2021
The planned merger of GlobalTranz and Worldwide Express is being driven by extreme US freight market conditions that will push shippers toward third-party logistics providers.
11 Jun 2021
The planned merger of GlobalTranz and Worldwide Express, creating the fourth-largest freight brokerage in North America, allows the third-party logistics providers to pool parcel, less-than-truckload, and truckload capabilities in tight surface capacity market.
07 Jun 2021
Top trucking and intermodal providers are raising penalties on shippers who do not promptly unload and return 53-foot trailers or containers.
04 Jun 2021
The US for-hire trucking industry has added 25,100 jobs over the past three months, but the US economy appears to be expanding faster than trucking recruiters can hire workers.