freight broker News Updates

The Montgomery ruling prompted brokers and carriers to increase vetting and spurred the release of enhanced vetting software.

High-value cargo thefts and acts of identity fraud are increasing in number and sophistication, putting pressure on brokers to strengthen carrier vetting practices.

Cargo theft was a leading concern as third-party logistics professionals gathered in Washington to urge lawmakers to address a range of industry challenges.

“[This] is not us saying we want immunity from liability,” said C.H. Robinson CEO Dave Bozeman. “No, we want accountability. Give us a standard.”

Mubadala Capital is a subsidiary of Mubadala Investment, one of the sovereign wealth funds of the government of Abu Dhabi. The price tag was not disclosed.

C.H. Robinson is appealing a $604 million jury verdict handed down July 24 in a case that found it liable for a 2021 fatal crash in Mississippi.

Ghost carriers are emerging as a major threat, using acquired motor carrier numbers and digital identities to infiltrate freight transactions.

Legal experts are urging the freight brokerage industry to bolster its carrier-vetting practices in the wake of Montgomery v. Caribe Transport II.

Dedicated carriers can expect a boost from the Montgomery v. Caribe Transport II ruling by the Supreme Court, according to a senior executive at J.B. Hunt.

“The Supreme Court’s decision in Montgomery v. Caribe gives the clarity we sought," said Dorothy Capers, chief legal officer at C.H. Robinson.