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

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.
02 Jun 2021
The Coyote Curve truckload market forecast calls for a new spot pricing peak in the third quarter, but the pricing cycle may not turn downward until 2022.
01 Jun 2021
The largest US truckload operator, Knight-Swift, acquired non-asset 3PL UTXL to gain access to additional trucks and drivers, as well as new logistics services.
25 May 2021
US truckload spot rates are hitting new highs in May as continued strong freight demand, coupled with market disruption, pushes up pricing in the South and Southwest,
19 May 2021
US shippers and truckers are struggling to expand their trailer pools as demand for drop-and-hook trailer service rises and manufacturing backlogs stretch into 2022.
19 May 2021
Convoy is expanding its drop-and-hook program to cover more spot freight, a move that lets shippers negotiate demand variability without sacrificing the efficiency benefits of pre-staged loads.
12 May 2021
European digital freight broker sennder has continued its acquisition activity by buying a Dutch dedicated fleet broker to add to its growing network.
11 May 2021
An integration with transportation software provider MercuryGate connects Trucker Tools to broker users, but also gives it a more direct link to shippers.
06 May 2021
Perishable shippers seeking to wean themselves off a reliance on brokers have a new venture-backed platform that connects them directly with a network of pre-vetted reefer carriers.
28 Apr 2021
Freight broker and forwarder C.H. Robinson is growing LTL volume "faster than the marketplace” as US shippers scramble to find available capacity for shipments.
23 Apr 2021
Third-party logistics and software firms such as C.H. Robinson Worldwide and Blume Global are broadening the use of technology to drive emissions out of supply chains, increasingly for smaller customers as well as global corporations.
21 Apr 2021
The 50 largest US trucking operators increased combined revenue 7.4 percent in a recession as consumers drove frenzied freight demand.
20 Apr 2021
Unadjusted US tonnage data from the American Trucking Associations shows freight returned to the highways after a frozen February, propelling truck spot pricing to a new ceiling.
15 Apr 2021
Torch Logistics will use $3.5 million in seed funding to expand its short-haul truckload brokerage to capitalize on e-commerce demand.
13 Apr 2021
Factoring solutions provider and lender eCapital saw an uptick in revenue in 2020 and is now merging its acquisitions under a single brand as it sees consolidation taking root in the logistics financial services space.
07 Apr 2021
Funding for cross-border technology startup Nuvocargo continues a trend of investment into companies targeting the disjointed processes associated with US-Mexico logistics and transportation.
05 Apr 2021
Third-party logistics industry had a banner 2020, with double-digit revenue growth, according to SJ Consulting.
23 Mar 2021
A veteran of freight broker GlobalTranz has landed an $8 million funding round to enhance a multi-carrier marketplace and transportation management system for less-than-truckload shippers.