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brokers: don't rail my freight certain carriers:

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Reed Loustalot

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111,178 görüntüleme • 1 ay önce •via X (Twitter)

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Why getting rid of brokers would hurt small carriers—according to Steve Vest, Owner of Nationwide Equipment Transportation Inc. “I find it interesting that people want to cap brokers or get rid of them altogether. A lot of the conversations at the Broker-Carrier Summit were about the broker–carrier relationship and the value brokers bring to small carriers. Without brokers, many one- or two-truck operations wouldn’t exist. A lot of these carriers don’t want to handle sales or deal directly with shippers—they just want to run trucks. Brokers act as an extension of small carriers, helping them get access to freight and build relationships. The carriers who understand that and work with brokers tend to survive and grow. The ones who blame brokers for everything usually struggle because they’re not focused on building those relationships. Before deregulation, brokerages didn’t really exist, and the large carriers dominated. If brokers disappeared today, the big players would take over again. Small carriers would have a hard time competing on service and price or getting direct shipper access. What’s ironic is that the same people calling for transparency and caps on broker margins don’t see the bigger picture. More transparency is already benefiting the large carriers—they’re winning. The small guys are getting squeezed. So I don’t understand why anyone would want to go back to a system where the big players control everything.” From our latest 'Freight Gong Friday' Live episode, presented by OTR Solutions. Want to listen to the entire interview? Comment below or DM me and we'll send over a link. FreightCaviar's 'Freight Gong Friday' is Live every Friday between 8 and 10 AM CST on LinkedIn, X, and YouTube. cc Reed Loustalot
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Today, as part of this Government’s ambitious rail reform agenda, we’ve set a target to grow freight by at least 75% by 2050. We want more freight to travel by rail and the industry plays a huge role in growing the economy, reducing emissions and cutting congestion on our roads.

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Truckload spot rates hit new all-time high: this is not SCOTUS related, it is compliance crackdown + reindustrialization. We are week into SCOTUS and this is what we've learned (all over the board tbh): - Large brokers tell us they are getting more commitments from shippers, not less. Shippers are concerned that they are next and want protection. - Managed trans appears to be a massive winner. - Some shippers are reevaluating small carriers (due to compliance risks and cost) and looking to move more freight through large brokers, not less. While others have stopped loading brokers altogether. - Large shippers are already evaluating their brokers for financial viability and requesting larger insurance policies. - Asset-carriers tell us that what eats them alive isn't the big lawsuits, but the very small claims and wonder if brokers will be pulled into the small claims that are handled outside of insurance, which could result in 1-2 claims/1000 loads. At a cost of $20k each, that could result in $20-40/load just in administrative costs of dealing with small claims. - Insurance costs are going up for brokers, but no one really knows how much. Ranges we are hearing is 3-10x. - Conditional safety rating is really difficult for small carriers due to the slow resolution of those ratings at the FMCSA, which is overwhelmed and under resourced - We had our first lawsuit involving a large broker that was previously thrown out under summary judgement amended to include the freight broker

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