News that Moves the Freight Industry Forward

Posted: 31 Oct, 2018 by Steve Blair

Freight brokers posted solid revenue gains and good cost controls in the third quarter, for a sharp increase in net operating profits. Gross margins averaged 13.1% in Q3, which is disappointing, but still the best quarterly result so far this year. This report is derived from the monthly financial r...

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Posted: 18 Oct, 2018 by Steve Blair

Freight broker gross margins recovered to 14.6% in August, after nearly a year of sub-par results. Truckload rates slipped lower that month, which made it easier for brokers to manage their biggest cost. As a result, profit exceeded $76 per load, which may not sound like a lot, but it's the highest ...

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Posted: 18 Oct, 2018 by Chad Boblett

When demand for trucks slows down, like it does every year during this time, the trend among many owner-operators is to pre-book loads to stay employed until the really good stuff comes out in later in the year. If it's a broker's market, then I try to spend less time getting a really great one-time...

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Posted: 10 Sep, 2018 by Steve Blair

Freight brokers doubled their monthly revenue in July compared to last year, to set yet another record. Despite lackluster gross margins of 13.3%, the group achieved a 93% increase in gross profit. Labor and overhead costs did not rise as fast, so the brokers retained 3.9% in net operating profit, a...

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