Check Call Archives - Maritime Shipping News

Check Call: Long live the tale of Coyote Logistics

25 June 2024

Coyote Logistics has had an interesting life span. Founded in 2006 by Jeff Silver, the company started out small and quickly became one of the top freight brokerages in the U.S. Fast forward to 2015 and UPS bought Coyote for a casual $1.8 billion. UPS and Coyote had always worked closely together before the acquisition as Coyote would take any excess full truckload shipments during peak shipping seasons.

Fast forward again to present day. UPS wanted to sell Coyote and found a...

https://www.freightwaves.com/news/check-call-long-live-the-tale-of-coyote-logistics

Check Call: Mo’ money, mo’ problems for brokers

18 June 2024

More money, more problems: something the Federal Motor Carrier Safety Administration has taken literally. The agency has announced a 25% increase in fees collected by states from motor carriers, brokers and leasing companies. These fees are used to pay for state highway safety programs. The fee increase in the Unified Carrier Registration (UCR) Plan is for the 2025 registration year.

The increase for carriers can be anywhere from $9 to $9,000 depending on fleet size, but for...

https://www.freightwaves.com/news/check-call-mo-money-mo-problems-for-brokers

Check Call: IPO calls to logistics companies

11 June 2024

Transportation and logistics stocks are the future, something I’m a little surprised about. Turns out, while everyone was watching initial public offerings for Skims, Discord and the like, the logistics sector has come out in force for IPOs in 2024.

The motivation behind an IPO is typically for a privately held company to raise capital in hopes of expanding. Also, venture capitalists may use IPOs as an exit strategy to receive their return on investment in private rounds of...

https://www.freightwaves.com/news/check-call-ipo-calls-to-logistics-companies

Check Call: Study highlights lingering disconnect between shippers, 3PLs

4 June 2024

New year, new 3PL study from NTT Data, Penn State and Penske. This year’s study, aptly named “The Power of Partnerships: Exploring Collaboration Through Data and Innovation,” focuses primarily on the role of partnerships in the shipper and 3PL industry. It homes in on three key areas: the power partnerships provide, the flow of data and looking beyond the hype of technology – something we’ve all fallen prey to as the latest and greatest tech has come out.

How shippers and 3PLs...

https://www.freightwaves.com/news/check-call-study-highlights-lingering-disconnect-between-shippers-3pls

Check Call: Here comes hurricane season

28 May 2024

Future of Supply Chain is right around the corner in Atlanta. Registration is still open. Last week I was told it was the final week for the discount codes, and this morning in a jaw-dropping surprise to all of us, the exclusive Check Call discount code was extended to the end of this week. Friday is the last day to buy tickets using the promo code CheckCallFSC24. Get that sweet sweet discount as long as you can.

This Saturday marks the official start of hurricane season. The...

https://www.freightwaves.com/news/check-call-here-comes-hurricane-season

Check Call: The effects of nearshoring in Mexico

21 May 2024

Future of Supply Chain is right around the corner in Atlanta. Registration is still open, and in a surprise to everyone, the exclusive Check Call discount code was extended to the end of this week. May 24 is the last day to buy tickets using the promo code CheckCallFSC24. As of next week, tickets are back to regular price, so grab the deal while you can.

2024 is undoubtedly the year of nearshoring and of just about everyone investing in manufacturing in Mexico. Mexico is seeing...

https://www.freightwaves.com/news/check-call-the-effects-of-nearshoring-in-mexico

Check Call: Inspections for all

14 May 2024

Blitz week has arrived – although it’s not really a week, it’s only three days. May 14-16, the Commercial Vehicle Safety Alliance’s International Roadcheck takes place throughout the U.S., Canada and Mexico. Typically the CVSA picks one major area of focus each year in addition to the regular inspections. This year it chose two: tractor protection systems and alcohol and controlled substance possession.

Two is a bit ambitious but with good cause.The CVSA stated, “The number of...

https://www.freightwaves.com/news/check-call-inspections-for-all

Check Call: Q1 earnings did most carriers no favors

7 May 2024

It’s earnings season, which means it’s time to see how the competition stacked up.

Starting off earnings season was none other than J.B. Hunt’s brokerage unit reporting a $17.5 million operating loss as loads declined 22% year over year, with revenue per load down just 5%. The main reason for the loss was higher insurance expenses and integration costs from the acquisition of BNSF Logistics. The company overall reported earnings per share of $1.22 instead of the $1.50 target,...

https://www.freightwaves.com/news/check-call-q1-earnings-did-most-carriers-no-favors

Check Call: Hope for a ban on noncompetes heads to court

30 April 2024

In this edition: The dream that may or may not come true under the FTC’s new rule, and TFI International wants heavier freight.

Last Tuesday, the Federal Trade Commission dropped the mother of all rules. The agency banned noncompetes. The ban was going to remove any existing noncompete and bar new ones provided that employee wasn’t a senior executive or higher. The rule was to go into effect 120 days after it was published in the Federal Register, which normally takes about three...

https://www.freightwaves.com/news/check-call-hope-for-a-ban-on-noncompetes-heads-to-court

Check Call: The broker dry spell

23 April 2024

In 2021 it seemed like there was a new freight brokerage opening daily. When you can get away with insane margins and are making money hand over fist, it would be a mistake not to open a brokerage.

Fast forward to late 2022 and 2023, and the freight recession hits. Those new brokers haven’t been through a downturn before, and there isn’t a strong sign of the freight market returning to its glory days anytime soon, leaving some newer players to weather the storm in uncertain...

https://www.freightwaves.com/news/check-call-the-broker-dry-spell

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