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TIA's Q2 2023 report shows modest shipment gains but declining revenues. Truckload sector shows resilience as TIA remains optimistic for future quarters.
The TIA Q2 3PL Market Report for 2023 shows a mixed performance, with a modest 0.8% increase in total quarterly shipments but declining revenues and invoice amounts per shipment. Truckload was the only segment to see a gain in shipment volumes, while LTL and intermodal declined. Mark Christos, TIA Chair, remains optimistic, anticipating modest improvements and more stability in the market for the remainder of 2023, especially as the pandemic's impact subsides.
Source: Logistics Management
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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