"The industry is dominated by the largest freight brokerages. Our estimates show the largest 150 freight brokerages account for 70% of the industry’s gross revenues."
On the bright side, they’ve snagged Walmart's intermodal assets and sold about 690 new trucks.
By tilting blades up to 60 degrees, the Blade Lifter makes it possible to navigate tricky turns.
Written by Adriana Pulley
Check out our latest roundup of the top headlines from around the freight and logistics world. We gather news related to brokers, carriers, shippers, logistics startups, freight tech, and more.
Big Things: Supply chain visibility platforms, project44 and FreightWaves were named two of the fastest-growing and biggest tech companies to watch by Fast Company and Deloitte respectively.
Breaking the Ice: President Biden’s visit with China’s leader Xi Jinping signals to US Trade Rep that the relationship may be headed in a more positive direction, but other economists say not so fast.
Company Goes Bust: Freon Logistics, a trucking company based in Bakersfield, CA, filed for bankruptcy triggering employee protests demanding unpaid wages.
Silver Theif: A judge recently refused to move a 3-year-old case of a missing $10 million haul of silver to Korea, where it was loaded. Traces of stolen silver have turned up in Massachusetts and British Columbia, CN.
Controlled Blowout: Kodiak becomes the first self-driving truck company to showcase how their autonomous tech can maintain control in the event of a catastrophic tire blowout.
Key trends in freight and shipping market of June 2023, with insights into spot market, carrier capacity, LTL sector and cross-border shipping.
Molson Coors, recognized as 2023's Shipper of Choice, excels in supply chain management, shipping 13M barrels of beverages annually.
Tornado damages Pfizer plant in North Carolina, affecting 50,000 pallets of medication and potentially impacting nationwide supply.
The US labor market is showing signs of stabilization as the rate of voluntary job quitting approaches pre-pandemic levels and employers implement better retention strategies.
Keep up with the freight broker world in 5 minutes. The fastest & most entertaining way to digest freight broker news.
