Broker

Determine your bottlenecks before leveraging new AI technology

With the rise of AI technology, many brokerage firms and other logistics companies are still trying to figure out what new tools they need to keep a competitive edge. As with any technological disruption, it can be difficult to distinguish legitimately helpful products from the ones that simply take advantage of the trends.

Dhruv Gupta, CEO of Drumkit, encourages brokers and 3PLs to thoroughly explore and understand their workflow bottlenecks in order to make novel AI technology work most...

https://www.freightwaves.com/news/determine-your-bottlenecks-before-leveraging-new-ai-technology

Uber Freight could see more bookings through new broker tech

Uber Freight on Thursday unveiled a new program, Broker Access, that offers freight brokers direct access to its carrier network and digital platform. Broker Access, built on its 2021 offering Market Access, allows brokers to automate the company’s load execution process without making large technology investments while also leveraging Uber Freight’s carrier network for their shippers’ needs.

This offering comes on the heels of Uber’s quarterly earnings report, showing gross bookings for its...

https://www.freightwaves.com/news/uber-freight-could-see-more-bookings-through-new-broker-tech

Professional speed dating: Brokers, carriers can connect in new ways at Broker-Carrier Summit

The Broker-Carrier Summit (BCS) is a dynamic and one-of-a-kind event that exists for the sole purpose of strengthening the bonds between brokers and carriers. BCS is slated to host its fourth event in two years later this month, and the energy surrounding the event is ramping up. 

The Strongest Man in Logistics, Robert Bain of GLCS, has been involved with BCS from the beginning. He is motivated by the connections that have been formed at past events, and he only expects those to grow with this...

https://www.freightwaves.com/news/professional-speed-dating-brokers-carriers-can-connect-in-new-ways-at-broker-carrier-summit

Broker-Carrier Summit continues to revolutionize industry through relationships

Logistics leaders frequently talk about relationships as one of the industry’s primary driving forces. Strong partnerships between brokers and carriers, in particular, can help keep the entire supply chain strong – and weak ones can cripple it. It is counterintuitive, then, that the bulk of the communication between brokers and carriers stops at simply discussing rates and load details via phone or email.

A few years ago, Dan Lindsey, founder, chair and managing director of Broker-Carrier Summit,...

https://www.freightwaves.com/news/broker-carrier-summit-continues-to-revolutionize-industry-through-relationships

Better days ahead: Market sentiment improves

Trucking industry leaders are finally starting to feel better about the state of the market. That optimism could be a crucial part of actually arriving at a better future. 

Every quarter, Truckstop and Bloomberg team up to poll industry leaders about their current market sentiments. The surveys paint a powerful picture of how perception is influenced by current spot market rates.

In the duo’s most recent survey, brokers expressed improving sentiments for the first time in a long time. Almost half...

https://www.freightwaves.com/news/better-days-ahead-market-sentiment-improves

How freight fraud became the perfect crime

Freight fraud has become an all-too-familiar term in the transportation and logistics sectors in recent years. Although fraud has long been a challenge in the field, industry experts observe that these criminals have evolved alongside FreightTech, leaving supply chain participants uncertain about who will bear the burden of finding solutions.

Recently, FreightWaves has received numerous reports of sophisticated freight fraud schemes. 

There is the classic double-brokering scheme, in which a...

https://www.freightwaves.com/news/how-freight-fraud-became-the-perfect-crime

Controlling back office costs helps offset compressed broker margins

The ongoing freight recession has now plagued the market for longer than the COVID boom, but high-frequency data from FreightWaves SONAR suggests it might be coming to an end sooner rather than later. Brokers, however, should not expect a market turn to completely alleviate the downward pressure on their gross margin.

While the freight recession has had a negative impact on both brokers’ margins, and carrier linehauls, an explosion of automation and technology, along with an unprecedented number...

https://www.freightwaves.com/news/controlling-back-office-costs-helps-offset-compressed-broker-margins

186 Lotte G. Lundberg, Director Danish Maritime Fund

Supporting the maritime future
Lotte G. Lundberg, Director of the Danish Maritime Fund, has a long career in the maritime industry. She has been with the AP Moller group for 39 years and has experienced much development. Lotte is now at Denmark’s hub for research and innovation through the Danish Maritime Fund. 
It’s so interesting to hear how the Danish Maritime community has set up this system to support the future of Danish Shipping.
Lotte is also sharing knowledge from her other assignments....

https://shippingpodcast.com/186-lotte-g-lundberg-director-danish-maritime-fund/

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