The Federal Motor Carrier Safety Administration has proposed changes to freight broker and freight forwarder financial responsibility requirements, addressing the problem of brokers that don’t pay ...
Throughout the pandemic-influenced years of 2020 through 2022, when demand for trucks soared and capacity evaporated, third-party logistics providers and freight brokers assuaged shippers by simply ...
Double-brokering freight fraud is a major concern for shippers, carriers and logistics providers worldwide, costing the industry around $100 million per year. This type of fraud occurs when a freight ...
The freight brokerage industry, once driven by venture capital funding, is grappling with a changing financing landscape and liquidity challenges. Brokers who borrowed against accounts receivable (AR) ...