Operations

How to Make Paying & Getting Paid Easier as a Freight Broker

3PL Perspectives ISTOCK.COM/MICROSTOCKHUB LIKE ANY BUSINESS struggling to stay afloat during these times of market uncertainty, cash flow is critical. This is especially true for companies operating in the shipping and transportation industry, including freight brokers. To survive continued recovery and market pressures, shipping companies must quickly turn orders into cash by processing shipping invoices as swiftly and accurately as ...

Read More »

2022:3 GDP Release: What’s It Mean for Trucking?

3PL Perspectives Noël Perry | TRANSPORT FUTURES NAZART/SHUTTERSTOCK.COM GREAT NEWS! 2022:3 GDP came in at 2.6% growth (annualized). Maybe not so great: Last week, the Bureau of Economic Activity (BEA) released its first estimates of third-quarter 2022 GDP growth. It will update those numbers twice before January, but the final numbers will be near the estimate we saw last week. ...

Read More »

Protecting Your Most Vulnerable Assets

3PL Perspectives Kevin Ricciotti | AVALON RISK MANAGEMENT ISTOCK.COM/WILDPIXEL ACCOUNTS RECEIVABLE MAKE up almost 40% of a company’s assets, yet are one of its most vulnerable assets. Nonpayment of invoices can affect a company’s cash flow and capital to the point of shutting down its operations. Managing this risk should be a priority for companies especially with inflation affecting the ...

Read More »

Preparing for 2023: Four Changes Freight Brokers Must Make to Remain Competitive

3PL Perspectives Jessie Bumgarner | CARGO CHIEF ISTOCK.COM/RADACHNYSKYI WE LEARNED AN important lesson in 2022—the industry is changing, and we need to change with it. Now, more than ever, brokerages understand the importance of strategic planning and positioning themselves to handle whatever comes next. Make 2023 the year you start booking freight more effectively and efficiently by making these four ...

Read More »

Spot Market Outlook for the Remainder of 2022: What of the Holiday Surges?

3PL Perspectives Noël Perry | TRANSPORTATION INTERMEDIARIES ASSOCIATION ISTOCK.COM/ALPHASPIRIT THE OUTLOOK TURNS ON TWO FACTORS: The first is on the demand side. It used to be that September and October were hot times for van markets as retailers built up inventories in preparation for the Christmas season. That surge has diminished as retailers began ordering earlier to move their stock ...

Read More »

Leadership Communication

3PL Perspectives 3 Things You Can Do RIGHT NOW to Remove Barriers & Improve Communication with Drivers Ryan Rogers | TEXTLOCATE NUAD CONTRIBUTOR/SHUTTERSTOCK.COM IF YOU TOOK a poll today and asked your driving team what grade they would give your communication efforts, what would the results show? Would you pass with flying colors—or would the data tell a different story? ...

Read More »

The Port of Charleston Beckons

3PL Perspectives Rate Data Shows Golden Opportunity for Brokers as the Port Undergoes Unprecedented Expansion Criss Wilson | MCLEOD SOFTWARE DANIEL WRIGHT98/SHUTTERSTOCK.COM AS PORTS ON both coasts work feverishly to handle record-breaking levels of import and export cargo, one American port stands out for its ability to expand to meet the current demand. South Carolina invested more than $2 billion ...

Read More »

What Is the “Right” Way to Pay Customer Operations Roles

3PL Perspectives Beth Carroll | PROSPERIO GROUP STOCK.COM/IVELINRADKOV I’VE BEEN WORKING with Freight Brokers for over 15 years and in that time, it’s been fascinating to watch this industry mature. Terms that were commonplace in my years as a sales compensation consultant (transactional vs consultative sales, hunter vs farmer, long sales cycle, sales support, subject matter experts, etc.) are starting ...

Read More »