My friend wants to know if Kamala Harris became President could we still use non-domiciled drivers and non-English speaking drivers? Again I am just asking for a friend.
If you had invested in JB Hunt when we started seeing the first signs of the compliance crackdown in the data (September), you would have doubled your money.
Is the "free lunch" over for freight brokers? 🚨
Insurance costs are skyrocketing due to nuclear lawsuits, jumping from ~1% to potentially 3.5% of gross revenue for brokers.
#Freight#Logistics#SupplyChain#Trucking
Thinking of going independent or starting a lease-on fleet? The bar for entry just hit the ceiling.
With brokers now legally liable for carrier safety, "just having a truck" won't get you the load. Shippers and brokers are demanding high-signal vetting data.
Full episode:
Time for shippers to rethink what it means for their supply chain to be supported by brokers and chasing lower spot rates. Reliability and stability are now paramount. Big boost for #Dedicatedcarriers
Hot take from a senior exec at one of the largest firms in the space:
Paper trails are going to be paramount for brokers going forward.
It will be imperative for the broker to demonstrate that they did everything in their power to ensure that the carrier and driver were
The FMCSA is doing God’s work and trying to get rid of the riff raff, but needs your help.
If you are on active motor carrier, be sure to preregister your information in the portal before May 14th.
MOTUS comes out next week and you want to ensure you are registered before the launch.
Let’s kick the fraudsters out of the industry.
We've now bookended trucking earnings season: JBHT to RXO and universally the reports showed increasing market momentum with stronger conditions into May.
Summary: One of the strongest set of earnings calls in years.
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