Logistics Market Faces Challenges Across Segments in 2023
Across the major logistics market segments, 2023 brought a spate of challenges including compressed margins, rising labor costs and inflationary pressures, ensuring a down year for many.
April 12, 2024A Year to Forget for Third-Party Logistics Providers
2023 was a generally downtrodden year for 3PLs, with plummeting transportation rates and shippers focused on right-sizing inventories and reducing logistics costs.
April 12, 2024FMCSA Issues Guidance on Brokerage, Dispatch Service Terms
The Federal Motor Carrier Safety Administration has issued final regulatory guidance on its definitions of ‘‘broker’’ and ‘‘bona fide agents.”
June 16, 2023How 3PLs Are Building More Collaborative Supply Chains
Third-party logistics providers have been adjusting to normalizing market conditions as supply chain disruptions, inventory shortages and surging demand have receded.
April 21, 2023Masterpiece to Use Turtle Crates for Art Shipments
Masterpiece International will exclusively distribute Turtle crates in the United States, Canada and Mexico through Turtle North America, the company said.
June 10, 2019Brokerage Within Intermodal Faces Added Complexity
LONG BEACH, Calif. — Brokerage and the spot market have been playing an increasingly important role in freight transportation, but freight brokerage in intermodal has added complexities that increase the need for strong communication and greater visibility.
September 24, 2018Kansas Freight Brokerage Firm Doubles in Size for Fourth Year
King of Freight, a Wichita, Kansas, trucking brokerage, is doubling in size and employees — again.
December 15, 2016Sunteck Appoints Ken Forster CEO
Sunteck Transport Group, a Florida-based freight brokerage firm, said it has appointed Ken Forster its new CEO.
February 27, 2015TIA, NITL Close to Finishing Revision of Model Broker-Shipper Agreement
ATLANTA — The Transportation Intermediaries Association and the National Industrial Transportation League are nearing completion on a revised model agreement between brokers and shippers that is designed to serve as a model contract for freight transactions, TIA’s president said.
November 21, 2011Outsourcing By Small Shippers Fueling Growth Among Brokerage Firms, Freight Forwarders
Outsourcing of transportation services by smaller shippers is fueling revenue growth for brokerage firms and forwarders, while increasing the clout of many third-party logistics firms, industry observers said.
April 4, 2011