spot pricing

ArcBest: Broker costs increase to $500,000/year if owner-operators have their way

Truck brokers will see a huge upswing in costs if federal regulators make a broker transparency change requested by owner-operators, according to logistics company ArcBest [NASDAQ: ARCB].

Barney Long, deputy general counsel for the Fort Smith, Arkansas-based company, told the Federal Motor Carrier Safety Administration (FMCSA) that the revisions being sought by the Owner-Operator Independent Drivers Association (OOIDA) will increase equipment, software programming and personnel costs to at least...

https://s29755.pcdn.co/news/arcbest-broker-costs-increase-to-500000year-if-owner-operators-have-their-way

Convoy offers program to cut out RFP process, guarantee capacity for shippers

Convoy launches shipper program

For shippers who believe they waste too much time and spend too much money conducting annual requests for proposals (RFPs) for lane capacity, Convoy is giving them a new option.

The national digital freight network has rolled out Guaranteed Primary, a service that offers shippers the option to move all their loads on a given lane through the Convoy network without the need to submit to the RFP process.

“Convoy’s business is predominantly contract freight. As such, we typically go through...

https://s29755.pcdn.co/news/convoy-offers-program-to-cut-out-rfp-process-guarantee-capacity-for-shippers