Our society is currently in a footrace against father time when it comes to threats to the sustainability of our environment and US job market While we all wish that our country and the planet were an endless supply of natural resources, completely green (energy), and an abundant job market for generations to come.
Shipping lanes have mostly been used reduce the amount of time and risk a ship would face in sailing to a westerly destination. In modern day logistics, however, the term shipping lanes has a much broader definition. According to FreightCenter, a shipping lane can also refer to a carrier lane, trucking lane, or a freight lane.
We’ve seen a significant increase in the number of freight brokers who have opened their doors for business over the last several years. Of those brokers, how many though have actually been able to successfully keep their freight brokerage business afloat and generate healthy profits year-after-year? And of those who couldn’t keep their doors open or couldn’t turn a significant enough profit, what were some of the reasons why these freight brokerage owners went out of business?
So far this year, freight market trends are nowhere near where they were just a year ago. Not that we were expecting the freight market to emulate what it did in 2018, however, we anticipated that the market would not still be yielding this kind of slowness.