It’s a great time to be in the freight brokering business, and there are plenty of reasons to consider starting your own brokerage now. With an improving economy across the U.S., an increasingly stable and growing industry, and increasing demand for new brokers, you have all the external conditions to become…

Following complaints by the Customs Brokers and Freight Forwarders Association that the processing of  shipping containers had been delayed resulting in its members having to pay increased fees, the port extended business hours late last week to clear the backlog. Mitzie Gordon Burke-Green, President of the Customs Brokers and Freight…

U.S. railroads posted a 6.5% increase in intermodal traffic in March, according to a report from the Association of American Railroads, making the month “Easily the best” March in history. The trade group said intermodal volume is tracking to top records set last year, with growth accelerating in April. The…

Truckers aren’t always looked upon endearingly on the road, Edwards said,“Everyone wants to blame a trucker,” he added. Learning these things and more will be the challenge for the eight to 10 expected in the upcoming eight-week summer course the college is offering. The Lanier Tech program presents a few…

Baird upped their price objective on FedEx from $270.00 to $280.00 and gave the stock an outperform rating in a research report on Thursday, March 15th. One analyst has rated the stock with a sell rating, three have issued a hold rating and twenty-two have given a buy rating to…

There was hope for better trade when President Uhuru Kenyatta and his Ugandan counterpart, Yoweri Museveni, opened the Sh1.3 billion Busia One Stop Border Post in February this year. What was meant to streamline processes by marking the end of a manual system has come with pain. As much as…

LIMA, PA – Pilot Freight Services (Pilot) and RCL Global Logistics Solutions are pleased to announce an alliance between both companies. The pilot, headquartered in Lima, PA, is a worldwide provider of transportation and logistics services. The company began in 1970 as a domestic freight forwarder and has had exceptional…

Central Oregon Truck Company and Bison Transport have been named the overall winners of the annual 2018 Best Fleets to Drive For the contest, put on by the Truckload Carriers Association and its partner CarriersEdge.Central Oregon Truck Company of Redmond, Ore., won in the small fleet category, sponsored by EpicVue,…

Uber Freight has an offer that it hopes truck drivers cant refuse thousands of dollars in discounts on Navistar’s International brand big rigs if truckers use its freight-matching service. Uber also will provide price breaks for maintenance, tires, gas and cellphone services. that have materialized as freight demand climbs and…

Brokers Issue: Morgan Stanley started coverage on shares of Knight-Swift Transportation in a research note on Wednesday, December 13th. Knight Equity raised shares of Knight-Swift Transportation to a buy rating in a research note on Sunday, November 26th. Barclays raised shares of Knight-Swift Transportation from an underweight rating to an…

Kenworth’s T680 Advantage donation to the Transition Trucking program supports military veterans transitioning into trucking careers. Learn about this initiative encouraging veterans’ entry into the industry.: For the third consecutive year, Kenworth has donated a T680 Advantage to the Transition Trucking: Driving for Excellence program recognizing the top rookie military…

Spot market rates for van, refrigerated and flatbed freight slipped lower month over month, but continued to exceed 2017 levels. The national average spot van rate was $2.13 per mile in February, down 11 cents compared to January, but 52 cents higher than February 2017. At $2.42 per mile, the…

As noted by the Cerasis white paper, “variable logistics operations will become standard.” Keeping up with changing consumer tastes is the priority, and that means maintaining the flexibility to change orders, change delivery addresses and adjust delivery timeframes according to demand. The Cerasis white paperbacks up Greathouse’s assessment. “As demand…

There are over 12,000 freight brokers in the U.S. For more than 50 years, oversize/overweight loads have been primarily booked through these brokers via phone, fax and email. To illustrate, 42 percent of truckers surveyed have used traditional brokers. Of those, three in four classified their experience as positive, but…

It’s a big turnaround from recent years when there wasn’t enough freight demand to fill up all the nation’s trucks and drivers struggled to get attractive rates. This year will be the best for the trucking industry since 2005, said David Ross, an analyst at Stifel Financial Corp. “There are…

He was cautious a year ago about investment, exports and government three of the five elements that make up TEA, the other two being consumption and imports but by the end of the year, government spending was the only area of caution. Dieli uses a tool called the Enhanced Aggregate…

Part of the recent gains can certainly be attributed to the recent tax bill that has sent corporate tax rates to 21% from the previous rate of 35%. If stocks go up in anticipation of tax reform, investors are implicitly expecting that cuts will flow through into businesses’ income. It…

The same might soon happen for the trucking space, thanks to the electronic logging device mandate. And a lot of backlash, including an opposition rally held by truckers earlier this month, the mandate finally went into effect this week, allowing compliance deadline, inspectors and roadside enforcement personnel to start documenting…

The Tesla Semi offers something to the trucking industry that could drastically alter the entire freight moving sector. The trucking industry has seen major changes since it began roughly a century ago and has, despite the assumptions of many outsiders looking in, been one of the more technologically-advanced industries in…

The pace of driver turnover at big motor carriers rose to 95 percent in the third quarter of 2017, up 14 percentage points from the same period a year earlier. The third quarter turnover rate is up five percentage points from 90 percent in the second quarter of this year,…

Global energy major Shell is investigating claims of unethical dealings including charges of corruption in its tanker chartering team in Singapore and at least one employee has been asked to take leave pending further investigation, sources familiar with the developments have told S&P Global Platts. “It would not be appropriate…

Some were skeptical of Tesla’s ability to break into the trucking industry. Sysco hopes the trucks will help the company save on fuel and maintenance costs and reduce its environmental footprint. While some had doubts about Tesla’s ability to break into the trucking industry before it introduced the Semi, early…