If the current freight climate continues, a number of freight brokerages—many of them large—will likely fail over the next year. The current market presents a toxic combination of sluggish freight ...
Whether you’re a motor carrier that works with brokers or you’re thinking of spinning off your own freight brokerage business from your fleet operations, you need to know about surety bonds, also ...
What, exactly, is a freight broker? A page on the Federal Motor Carrier Safety Administration’s website defines it as “a person or an entity which arranges for the transportation of property by a ...
The freight brokerage industry, once driven by venture capital funding, is grappling with a changing financing landscape and liquidity challenges. Brokers who borrowed against accounts receivable (AR) ...
(Reuters) -Shares of C.H. Robinson surged more than 20% to a record high on Thursday as investors cheered the global freight ...
Let's start with a simple truth: there's essentially no difference between the terms 'freight broker' and 'truck broker.' However, 'freight broker' is the term you'll hear most often in the trucking ...
A freight broker arranges for truck transportation of cargo. The broker does not own the trucks that transports the cargo but acts as a go-between between the shipping company and the trucking company ...
Freight forwarders are companies that specialize in arranging storage and shipping of merchandise on behalf of their customers. They physically take charge of merchandise and usually ship under their ...
This Opinion piece appears in the May 18 print edition of Transport Topics. Click here to subscribe today. Against the backdrop of a recent multimillion-dollar verdict against one of the world’s ...