In the latest episode of "The Freight Caviar Podcast", we sit down with Cameron Ramsdell, the CEO of Armstrong Transport Group. He discusses strategies for protecting your business against fraud and how he grew Armstrong by 60% in one year.
Plus: Trump eyes Panama Canal takeback, US imports surge 12.3% YoY, Hyzon plans liquidation, and more.
Plus: Universal bought Parsec amid layoffs, CA ports reported a record-breaking year, FedEx split off its LTL division, and more.
Convoy Inc explores strategic decisions amid a challenging trucking market, as experts suggest potential mergers or sales.
Seattle-based digital freight brokerage, Convoy Inc., facing challenges from a downturn in the U.S. truckload market and amid dwindling valuations, has hired Goldman Sachs to explore potential strategic decisions that might include a sale, merger, or significant investment. As the trucking sector witnesses declining volumes and rates, leading logistics platforms like Convoy and Uber Freight are struggling to meet growth and revenue targets, prompting industry observers to speculate on possible acquisitions.
Source: FreightWaves & Brittain Ladd
What sells for more?
— Dooner 🏴☠️ (@TimothyDooner) August 24, 2023
Special damages, also known as consequential damages, are extra costs not automatically covered by the carrier. They arise from the consequences of damaged or delayed freight. Here's what brokers and shippers need to know.
Darren also revealed they’re developing a new platform designed exclusively for carriers.
In 2023, the top 10 brokerages earned $53.25 billion in gross revenue. In 2024, that figure dropped to $43.77 billion — an almost 18% decrease.
Revealed through a detailed look at data from ISO's network of brokers. Explore key insights from the ISO Service Index Benchmark Report.
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