freight broker News Updates

The Federal Motor Carrier Safety Administration has issued a proposed rule that establishes financial security requirements for freight forwarders, taking further action on legislation that stretches back more than a decade.

Stable spot rates coupled with rising contractual rates could help drive gross-margin expansion for freight brokers, according to experts.

The freight market volatility of the past few years has created an even greater need for carriers and brokers to strengthen their business relationships, especially as uncertainty and supply chain disruptions persist.

In a strong freight market and tight capacity environment, the largest freight brokerage firms in North America were able to grow their businesses by significant margins in 2021 as they worked to solve shippers’ transportation challenges. Other sectors were also filled with noteworthy performers.

Freight brokerage firms are anticipating that contract rates will keep rising this year, with a slowdown not expected until year’s end.

Most freight brokers are inundated with incoming emails from customers looking for a spot quote. Tai Email Assistant is a feature within Tai TMS that uses AI to extract shipment details from incoming quote requests and automatically responds with a quote in minutes.

Freight brokers are on the front lines of the trucking industry. They act as an intermediary between shippers and carriers, which is not an easy job.

Geodis has reached an agreement to acquire all assets of Velocity Freight Transport, the supply chain operator announced July 6.

C.H. Robinson Worldwide Inc. has asked the U.S. Supreme Court to overturn a federal appellate court decision involving a personal injury suit accusing the freight broker of negligent hiring.

Artificial intelligence and machine learning are two expanding means logistics companies can use to gather and process tremendous amounts of data surrounding freight shipments.