Flexport Re-Launches The Convoy Platform
Flexport has launched The Convoy Platform, a technology solution aimed at providing small carriers with access to freight while offering real-time competitive rates, shipment visibility, and on-time performance to shippers and brokers.
UPS Explores Strategic Alternatives for Coyote Logistics Amid Market Challenges
United Parcel Service (UPS) is exploring options, including a potential sale, for its brokerage unit, Coyote Logistics.
Supreme Court Declines to Review Broker Liability Case
The U.S. Supreme Court has declined to review a case involving broker liability for accidents involving trucks booked by third-party logistics providers (3PL’s).
Freight Brokers Optimistic About Future Growth Despite Current Weakness
Despite current challenges in the trucking and transportation markets, a survey by Truckstop and Bloomberg Intelligence indicates that more than 60% of freight brokers and logistics professionals expect demand for their services to grow over the next six months.
Trucking Advocates Warn of Double Brokering Schemes as Fraud Cases Soar, DAT Blocks Thousands of Accounts
Trucking advocates are raising concerns about double brokering schemes, where carriers accept a load but then secretly broker it to another carrier without the shipper's knowledge.
Freight Fraud and Double Brokering Pose Significant Threats to Supply Chain Integrity
Each year, the freight transportation industry suffers losses ranging from $500 million to $1 billion due to freight fraud, double brokering, and shipment diversion.
Potential Brokerage Fraud Exceeds $800 Million
Currently, the estimated losses from brokerage fraud are exceeding $800 million, affecting brokers, carriers, shippers, and consumers.
U.S. Customs & Border Protection has issued new rules
The “Modernization of Customs Broker Regulations under 87 FR 63267” and the “Elimination of Customs Broker District Permit Fee under 87 FR 63262” are the latest files to be published on the Federal Register by the U.S. Customs & Border Protection.
Dispatchers vs brokers: is reform needed?
The Federal Motor Carrier Safety Administration posed 13 specific questions related to brokers, and 92 separate organizations answered.
Supreme Court allows broker CH Robinson to take the fall for carrier-caused damages
The US Supreme Court has made controversial stances on Roe v. Wade and regarding California’s AB5 law, but a lesser known judgement sets a precedent for logistics liability.
Bipartisan Infrastructure Law wants new FMSCA definition of “freight broker”
The Federal Motor Carrier Safety Administration defines a “freight broker” one way, but the Infrastructure Investment and Jobs Act is not a fan of that definition.
An “ownership mentality” is provided by a private fleet
Private fleet owners often offer something so many large companies can’t to their customers: an ownership mentality.
Keeping a barrier between carrier & broker operations is pertinent
There are many challenges to be faced when creating a piece of transportation logistics business.
Freight broker bonds protect the carrier & the shipper
Hauling large quantities of freight over long distances does not come without its risk.
Securing trucks for long hauls becoming more of an everyday challenge
Shippers are having major difficulties securing the truck capacity needed to move their goods.
Convoy freight platform offers solution to owner-ops negotiations tactics
Convoy, a digital brokerage system, particularly appeals to owner-operators.