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.
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Florida comes in with the second-highest percent drop in broker permits.
The trucking scene in Florida is hitting the brakes. Here's what the data shows for the Sunshine State.
Florida comes in as the state with the second-highest percent drop in broker permits.
During the pandemic's peak, truckers and freight brokers thrived as online shopping soared. But as consumer spending shifts from goods to experiences, the industry is feeling the pinch.
Ripple Effects
The industry is 'normalizing' after a pandemic boom, grappling with lower freight rates and higher fuel costs. The Florida downturn mirrors a 78% drop in the national freight market, hinting at economic recalibration.
Source: TCPalm
📊 Diesel prices rise, hiding a downturn in the trucking market. While spot rates appear stable, without fuel costs, they trend lower. Carriers face rising costs without raising prices. Shippers, brace for a tighter 2024! 🚛⛽️📉 #ChartOfTheWeek #FreightWaves #SONAR https://t.co/3pNnVKfMjP
— Compare The Carrier (@CompareCarrier) October 2, 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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