Dive into the heart of the brokerage fraud epidemic plaguing the transportation industry, costing stakeholders $800M. Discover why urgent action and transparency are crucial for the future of the supply chain.
What, exactly, is a freight broker? Broker definition under review, FMCSA defines it as “a person or an entity that arranges for the transportation of property by a motor carrier for compensation. A broker does…
Transportation giant Hub Group Inc. said it has acquired truck brokerage Choptank Transport Inc., which specializes in refrigerated transportation, for $130 million in cash, a move that puts Hub in the over-the-road reefer business for…
A coalition of trucking companies filed a petition in May to force an Indianapolis, Ind.-based freight brokerage into Chapter 7 bankruptcy proceedings for unpaid transportation services. The involuntary Chapter 7 bankruptcy petition, filed in U.S…
Mark Okerstrom, previously chief executive officer of Expedia Group, has been named chief operating officer of Convoy, company officials announced recently. Based in Crossett, Ark., Covoy is a transportation logistics company. “Shortly after meeting Mark…
Amazon last month rolled out its freight brokerage operation nationwide, a strategic move that not only brings the company into competition with other large digital brokerages like Uber Freight and Convoy, but also is intended…
The Owner-Operator Independent Drivers Association (OOIDA) wrote to Congress in May asking for intervention to make sure that freight brokers are paying truck drivers fairly. For several weeks, truckers across the country have been demonstrating
Bulkmatic, one of that largest dry bulk transporters in North America, said it recently acquired Paris Transport Inc. and has started operations at the terminal and warehouse location in Paris, Ill. Customers of Paris Transport…
Federal regulators have asked for public comment on a petition for a five-year exemption for small-business truck brokers from a $75,000 security bond requirement. The petition, filed with the FMCSA in September by the SBTC…
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