Freight carrier concerns in today’s market

The freight industry is buzzing with talk about a coming market shift. While high-frequency data does suggest that the ongoing freight recession is beginning to ease, the climb back up is expected to be slow for carriers. In today’s environment, carriers continue to grapple with an oversaturated market and less-than-ideal economic conditions, making it difficult to maintain profitability. 

Over the past couple of years, carriers have consistently reported concerns related to increased fraud,...

https://www.freightwaves.com/news/freight-carrier-concerns-in-todays-market

Truckstop CEO: Industry uniting in fight against load board fraud

The freight transportation industry has been increasingly impacted by identity theft, according to Kendra Tucker, CEO of Truckstop.

Tucker was the guest on the latest episode of Fuller Speed Ahead, hosted by FreightWaves CEO and founder Craig Fuller. The show aired during FreightWaves’ Small Fleet & Owner-Operator Summit on Wednesday.

“Identity theft is something that we’ve seen really tick up in the past couple of months or so, where carriers who are not actively driving are selling their active...

https://www.freightwaves.com/news/truckstop-ceo-industry-uniting-in-fight-against-load-board-fraud

FreightTech Friday: Transportation One releases T1TAN TMS in-house

Logistics provider Transportation One recently announced it has gone live with T1TAN TMS to give its employees an updated experience in managing freight for customers. 

Founder and CEO Jaime Teets told FreightWaves the company had used an off-the-shelf technology for the past 14 years. Still, as transportation management systems had become more sophisticated and easier to white label, it came time for a transition.

“We are trying to customize the areas of our business that have waste to create...

https://www.freightwaves.com/news/freighttech-friday-transportation-one-releases-t1tan-tms-in-house

Truckstop’s Hutto sees Q4 truckload cycle inflection

This fireside chat recap is from FreightWaves’ 3PL Summit on Wednesday.

FIRESIDE CHAT TOPIC: An overview of the truckload market.

DETAILS: The current capacity oversupply is likely to linger until the fourth quarter, said Brent Hutto, chief relationship officer at digital freight marketplace Truckstop, during FreightWaves’ 3PL Summit.

KEY QUOTES FROM HUTTO:

On the overall trucking environment: “We’re in just a normally adjusted economic bottom of the marketplace, and I don’t mean bottom like it’s...

https://www.freightwaves.com/news/truckstops-hutto-sees-q4-truckload-cycle-inflection

Convoy autopsy continues: Panel sees capacity issues, lack of discipline

googletag.cmd.push(function() { var gptSlot = googletag.defineSlot(‘/21776187881/FW-Responsive-Main_Content-Slot1’, [[728, 90], [468, 60], [300, 100], [320, 50]], ‘div-gpt-ad-b1-i-fw-ad-4’).defineSizeMapping(gptSizeMaps.banner1).setCollapseEmptyDiv(true).addService(googletag.pubads());
gptAdSlots.push(gptSlot);
});

googletag.cmd.push(function() { googletag.display(‘div-gpt-ad-b1-i-fw-ad-4’); });

NEW YORK — The movers and shakers who descend on New York City each December to talk about the role...

https://www.freightwaves.com/news/convoy-autopsy-continues-panel-sees-capacity-issues-lack-of-discipline

Intersection of tech and fraud: Brokers, carriers must work together to secure supply chain

The introduction of tech-enabled solutions has made the transportation industry more efficient and effective at moving and tracking freight. However, the widespread adoption of digital solutions has also created opportunities for scammers across the supply chain. 

Challenging economic conditions have only escalated fraudulent activities as criminals continue to find ways to exploit vulnerabilities. In fact, CargoNet’s third quarter 2023 report shows an increase across all types of cargo theft,...

https://www.freightwaves.com/news/intersection-of-tech-and-fraud-brokers-carriers-must-work-together-to-secure-supply-chain

19 Pilot Travel Centers temporarily shut by bankruptcy of an operator

Nineteen outlets of Pilot Travel Centers have been closed as a result of the bankruptcy of Mountain Express Oil.

Mountain Express, based in Alpharetta, Georgia, is a wholesale fuels and retail outlet operator that filed for Chapter 11 bankruptcy protection in the U.S. Bankruptcy Court for the Southern District of Texas in March. This week, that Chapter 11 filing was converted to a Chapter 7 petition, which is a liquidation of the company.

In a statement posted on its website in March, Mountain...

https://www.freightwaves.com/news/19-pilot-travel-centers-temporarily-shut-by-bankruptcy-of-an-operator

Truckers deal with fallout after fraudsters steal DOT numbers

Owner-operators Toni and Chris Murphy of New Egypt, New Jersey, said it’s been hard to fight back against an invisible tech-savvy fraudster who stole their trucking company’s identity, posted loads using their Department of Transportation number, collected payment for those loads, then disappeared, leaving the Murphys to deal with the fallout.

The couple own Murphy’s Trucking and got their operating authority in March 2021.

“It might sound strange but I’m grateful to the driver who reported us to...

https://www.freightwaves.com/news/truckers-deal-with-fallout-after-fraudsters-steal-dot-numbers

Truckstop acquires truckload procurement platform FreightFriend

Truckstop announced Tuesday it has acquired FreightFriend, a cloud-based capacity and freight management solution that matches shipments to carriers.

The acquisition gives Truckstop a technology platform for freight matching and building routing guides for shippers and brokers.

Truckstop will utilize FreightFriend’s technology to deliver solutions for in-network and out-of-network relationships in one centralized experience for brokers and carriers to manage and grow their networks, promote loads...

https://www.freightwaves.com/news/truckstop-acquires-freight-matching-platform-freightfriend

New Truckstop CEO talks shop on Fuller Speed Ahead

Kendra Tucker is the new CEO of Truckstop.

On this episode of Fuller Speed Ahead, FreightWaves CEO and founder Craig Fuller interviews Kendra Tucker, who just became CEO of Truckstop.

Tucker joined Truckstop in August 2020 during the pandemic and became COO in the summer of 2021.

“Things have become truly unusual in this market. With the continued, sustained height of rates and what they have done now since that point, one would actually say I haven’t yet experienced a normal market within transportation,” Tucker said. “It’s been a really...

https://www.freightwaves.com/news/new-truckstop-ceo-talks-shop-on-fuller-speed-ahead

Join Our Newsletter
Enter your email to receive a weekly round-up of shipping news.
icon