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The transportation law, MAP-21, upped the financial security requirements for freight brokers and forwarders to $75,000. The law offers options for the new financial security requirement, but specifics are not always clear. With the FMCSA deadline approaching in just a week, here is some information on an option for small- to mid-size brokers and for carriers who also act as brokers.
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DAT Analytics reports a good November for truckload freight volumes driven by a post-Thanksgiving surge.
Read More →The amount of freight carried by the for-hire transportation industry rose 0.6 percent in May from April, rising for the fourth consecutive month, according to the U.S. Department of Transportation’s Freight Transportation Services Index released Thursday.
Read More →The amount of freight available on one spot network moved slightly higher last week, but it was only enough to push rates up a little bit in one sector.
Read More →Digital freight brokerage Transfix wants to bring the industry together to fight broker fraud with new digital fraud-prevention tools.
Read More →Uber Freight has opened up its freight-matching platform to shippers, allowing them to tender a load and track it in real time.
Read More →North American freight volume and expenditures rose again in March as shipments picked up significantly from the West Coast ports, according to the latest readings of the Cass Freight Index.
Read More →FedEx Freight will implement a 5.9% general rate increase effective at the end of the month.
Read More →Large declines in trucking and pipeline, coupled with smaller declines in rail carloads and rail intermodal resulted in a decline in the total amount of U.S. for-hire freight movements in April from March.
Read More →Rates on the spot market soared over the past week, according to new figures from the freight-matching service provider DAT. Flatbeds led the hikes gaining 4.1% June 29 through July 5, compared to the previous seven days, hitting $2.54 per mile.
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