As the transportation industry prepares for the Transportation Intermediaries Association’s annual conference, we’re providing attendees with everything they need to know to make the most of their time at TIA Phoenix. This article explores the TIA, the history of their industry-spanning annual conference, and why TIA 2024 is a must-add trucking event for leaders in a highly dynamic moment for the global transportation industry. /more Meet the Host: What is the TIA? As with any good party, it’s important to know your host. So, who is the TIA? Founded in 1978, the Transportation Intermediaries Association is a professional industry for businesses and professionals involved in third-party logistics. Through their services, TIA aims to provide members with access to resources, education, industry information, advocacy, and connections to bolster ethics, profits, and business in the growing 3PL sector. The annual TIA Capital Ideas Conference provides an opportunity for … [Read more...] about TIA Conference 2024: Everything You Need to Know About the TIA Capital Ideas Conference
Farelanes Report
Thursday night at TIA – Farelanes is here to help with free food, drinks, and a salve for your market woes
If you would like to learn how Farelanes helps brokers win more freight, bicker less with truckers over rates, and ultimately accelerate the velocity and volume of their money-making loads -- then please join us in Phoenix at Kembara 4/11 for a couple of drinks and a bite to eat. We'll have wine, cold beer, and appetizers ready for you after the Exhibition Hall Grand Opening (Grand Canyon Ballroom) shuts down for the night at 7 & be happy to show you how our tools make it easier to win bids. With Farelanes, Brokers have the power to set ask prices with confidence anytime, scenario, lane, or trailer type. Whether you have all the time in the world or none at all, we are confident that Farelanes is providing the most prescient and transparent freight rate data the market has ever seen. Free beer, wine, and apps will be provided by Farelanes until we hit our limit - so register now to reserve your spot and the solution for your Happy Hour needs on Thursday April 11 in … [Read more...] about Thursday night at TIA – Farelanes is here to help with free food, drinks, and a salve for your market woes
What is the #4 most popular equipment type on the road today?
Freight brokerages contracted again for the 7th straight month… – by Kevin Hill
https://www.linkedin.com/posts/kevin-hill-freightsales_updated-stats-show-freight-brokerages-contracted-activity-7155182804769632256-s981?utm_source=share&utm_medium=member_ios … [Read more...] about Freight brokerages contracted again for the 7th straight month… – by Kevin Hill
How to Navigate Shippers Extending Freight Payment Terms (via Denim)
Leaders constantly balance two goals: building strong client relationships and keeping their business stable. This balance gets tested when customers like Fortune 100 companies ask for longer payment terms. The Fed's rate hikes this year have constricted financial liquidity for businesses. Many shippers rely on bank loans, so when the Fed rates increase, they grapple with higher bills, straining their budgets. To handle these money pressures, shippers are thinking differently. Some propose longer payment terms, from the usual 30-day cycle to 60 or even 90 days. This shift can help their bottom line, making their financial reports look better or allowing them to make better offers to their clients. For brokers, it's about tactful negotiation. They aim to keep clients happy and close. But they also need to watch their company's financial well-being. Striking the right balance is an essential skill. Read the entire article … [Read more...] about How to Navigate Shippers Extending Freight Payment Terms (via Denim)
Not your ‘70s Convoy any more…
Convoy was one of those ‘70s flicks capitalizing on the public’s newfound obsession with CB radios, and the romance appeal of long-distance trucking. But the trucking business is nothing like the movies. One company created to ‘disrupt’ the industry was Convoy, an outfit valued at over 3.8 billion dollars, with aspirations to remake freight as we know it. Didn’t work. They went bankrupt last week, leaving a trail of broken promises, unpaid carriers, and disillusioned brokers. Read this insightful article, which spells out how it all started, how it ended, and why it was doomed to failure: Convoy's collapse: Was the tech worth the hype? … [Read more...] about Not your ‘70s Convoy any more…
Yellow Freight, and an Economy on the Margin
Thoughts on the Yellow bankruptcy, from an industry expert. https://www.americanthinker.com/blog/2023/08/yellow_freight_and_an_economy_on_the_margin.html … [Read more...] about Yellow Freight, and an Economy on the Margin
Yellow to go Belly-Up?
https://fortune.com/2023/07/29/yellow-trucking-brink-bankruptcy-federal-bailout-pandemic-debt After a $700 Million bailout from Uncle Sam, it appears Yellow’s days are over. … [Read more...] about Yellow to go Belly-Up?
