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Double Brokering is Affecting EVERYONE! Double brokering occurs when a freight broker accepts a shipment from a shipper and then assigns the same load to another broker for a lower price, causing financial losses for carriers and shippers. This practice has become increasingly prevalent during the COVID-19 pandemic due to a surge in shipping demand. However, some companies, like Fenichey,…
Transportation Costs Steady as Business Levels Flatten Transport Topics is reporting that the US economy showed steady business activity in February, with gains in the services sector offsetting declines in manufacturing. The report cites the IHS Markit flash composite purchasing managers’ index (PMI), which came in at 58.8 for the month, down slightly from January’s reading of 58.7, but still…