US imports still rising – 'strongest performance since the pandemic'
US container import volumes continued to show surprising strength in May, according to new data ...
GM: GAUGING RISKGXO: NEW BOT PARTNERWMT: CAPEX IN CHECKWMT: CFO ON AUTOMATION WMT: SPOTLIGHT ON AUTOMATIONHD: PRESSURE BUILDSFWRD: REVISED EBITDA MAERSK: TESTING ONE-MONTH HIGHFDX: UP UP AND AWAYRXO: COYOTE DEAL TAILWINDDSV: NEW REFI DEALR: WEAKENING AMZN: LIFESTYLE BATTLEKNIN: EXPANDED NETWORK OF CROSS-DECK FACILITIES
GM: GAUGING RISKGXO: NEW BOT PARTNERWMT: CAPEX IN CHECKWMT: CFO ON AUTOMATION WMT: SPOTLIGHT ON AUTOMATIONHD: PRESSURE BUILDSFWRD: REVISED EBITDA MAERSK: TESTING ONE-MONTH HIGHFDX: UP UP AND AWAYRXO: COYOTE DEAL TAILWINDDSV: NEW REFI DEALR: WEAKENING AMZN: LIFESTYLE BATTLEKNIN: EXPANDED NETWORK OF CROSS-DECK FACILITIES
For those of us outside, the size of North America’s haulage sector never ceases to amaze – it is currently worth $875bn a year, involves around 2m trucking operators serviced by more than 17,000 freight brokerage firms. But an inventory glut combined with fears that consumer demand may be falling is leading to a weaker freight rate environment and ousting many under-pressure participants. And none more so than in the freight brokerage segment, according to this Bloomberg report, which suggests smaller brokers that have failed to invest in new technology may be particularly vulnerable to the triple threat of the big incumbents that heavily invested in transaction and quotation tech, Silicon Valley-based start-ups and larger hauliers developing tech-enabled brokerages themselves.
“The brokerage battlefield is pitting legacy brokers, such as CH Robinson and RXO that are expanding automated systems, against digitally native newcomers, such as Uber’s freight unit and Convoy. Large trucking companies, including JB Hunt and Werner Enterprises, are adding more competition by building their own digital brokerages.”
Comment on this article