Freight Market - Truenewj

The contraction of the spot-to-contract rate differential puts 3PLs to the test

amefika2 months ago04 mins

Chart of the week: Spot to contract rate differential (excluding estimated spot fuel costs greater than $1.20/gal) SONAR: RATES12.USA The difference between spot and contract rates suggests that the last few months may have been one of the toughest periods for non-asset-based logistics companies in recent history. The rapid change in market conditions after long…

Positive signals from the freight market reflected in Triumph Financial results

amefika4 months ago05 mins

Triumph Financial reported a fourth quarter with figures that supported signs of a strengthening transportation market, as it added two major new customers to its Triumph Network payment process. Between its Factoring segment and its Payments arm, which includes Triumph Network which audits and pays its brokerage clients and is seen as the long-term core…