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Commodity Brokers

Brokerage, intermediation, chartering desks and the business of matching cargoes.

Broker RXO sees TL spot rate surge extend into Q3
Commodity BrokersIndustry news

Broker RXO sees TL spot rate surge extend into Q3

Freight broker RXO said Tuesday that its truckload spot rate index recorded its biggest sequential gain in five years during the second quarter. The dataset, which tracks linehaul rates excluding fuel surcharges, has continued to step higher in the third quarter. “The index has not experienced this level of rate inflation since pandemic-era surges, with the second quarter hitting both the highest year-over-year reading and largest sequential increase since the second quarter of 2021,” the report said. RXO’s ( NYSE: RXO ) Curve Report showed second-quarter spot rates were up 32.4% y/y, an accel

Editorial Desk

Private Fleets: The Hidden $100B Capacity Solution for Brokers
Commodity BrokersIndustry news

Private Fleets: The Hidden $100B Capacity Solution for Brokers

#fwtv_MNSswMZkJ8 .fwtv-panel{border:1px solid #d0d0d0;padding:18px;border-radius:6px;line-height:1.6}#fwtv_MNSswMZkJ8 .fwtv-panel p{margin:0 0 12px}#fwtv_MNSswMZkJ8 .fwtv-note{font-style:italic;color:#666;margin-top:16px;padding-top:12px;border-top:1px solid #e0e0e0} Private fleets face mounting costs while carrying over $100 billion in empty backhaul capacity. Russell Jones, CEO of Private Fleet Net Zero, explains how his platform unlocks this unused capacity, offering freight brokers a 25% discount and higher service levels. Discover how digital freight matching for private fleets can transf

Editorial Desk

The list grows: 2 more cases proceeding on broker liability
Commodity BrokersIndustry news

The list grows: 2 more cases proceeding on broker liability

Two cases making their way through the federal court system on the issue of broker liability have been added to the pool of litigation closely watched by the 3PL industry following the Supreme Court’s Montgomery decision. One of them involves J.B. Hunt as a defendant in the U.S. District Court for Arizona, where it and the plaintiffs are awaiting a response on a request by the trucking and intermodal giant for summary judgment. If granted, it could end J.B. Hunt’s role as a defendant. The second legal battle is in a case out of the U.S. District Court for Nevada with less glamorous names than

Editorial Desk

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