broker News Updates

Freight brokers’ profit margins continue to improve, based on the latest report from the Transportation Intermediaries Association, which showed both year-over-year and sequential progress in the first quarter.

Transportation technology supplier FourKites Inc. has introduced CarrierLink, a load-tracking service for freight brokers that monitors a shipment’s location via a mobile application on drivers’ smartphones.

Brokers’ profit margins for truckload freight hit a three- year high during the second quarter as capacity continued to tighten, a new report said.

TUCSON, Ariz. — The Transportation Intermediaries Association took a step to help brokers combat fraud by issuing a report that stresses preventing theft-related losses.

The Association of Independent Property Brokers and Agents has asked the federal government to exempt all brokers from the new requirement that they each obtain surety bonds of at least $75,000.

A federal appeals court denied a request to postpone enforcement of a Federal Motor Carrier Safety Administration rule that would increase to $75,000 from $10,000 the minimum amount of a surety bond the businesses must carry.

Freight brokers’ truckload profit margins are under growing pressure, which is helping trucking fleets gain some pricing power, industry officials said.

A federal magistrate granted a request Oct. 17 by the Association of Independent Property Brokers and Agents to lift a stay in the group’s lawsuit against the U.S. Department of Transportation.

The Association of Independent Property Brokers and Agents asked a federal district court Oct. 15 to remove its stay on the group’s lawsuit against the Federal Motor Carrier Safety Administration.

The Federal Motor Carrier Safety Administration said it will provide additional time for freight brokers to supply proof they’ve increased their minimum surety bonds to $75,000 from $10,000.