Freight brokers, like trucking companies, have traditionally represented the American spirit of independence and entrepreneurship. Some people, however, fear that the changes brought about by the ...
United Parcel Service said Sunday it agreed to sell its Coyote Logistics division to RXO for just over $1 billion — less than it paid for the freight-brokerage company in 2015 — to focus more on its ...
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 ...
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) ...
LONDON--(BUSINESS WIRE)--Technavio has been monitoring the freight brokerage market and it is poised to grow by USD 41.47 bn during 2020-2024, progressing at a CAGR of 4% during the forecast period.
Throughout the pandemic-influenced years of 2020 through 2022, when demand for trucks soared and capacity evaporated, third-party logistics providers and freight brokers assuaged shippers by simply ...
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 ...
The freight brokerage business involves arranging transportation services between freight companies and the businesses that require their services. The broker finds the best rates given the type of ...
In some industries, putting your technology front and center is a good way to build excitement and attract new customers. But in logistics, where independent operators outnumber their corporate ...
In Start Your Own Freight Brokerage Business, the staff at Entrepreneur Press and writer Jacquelyn Lynn explain how you can get started in the freight brokerage industry, from your first steps to ...