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Co-brokering is a legal practice used to ensure there is an available truck to transport freight. A 4PL may use a 3PL broker to match loads with trucks, with a shippers knowledge. The primary broker will take a lesser amount of the fee and the secondary broker will book the load for transport receiving a larger share of the same fee. [7]
The MACS3 Loading Computer System is a computer controlled loading system for commercial vessels, developed by Navis Carrier & Vessel Solutions. [1] Prior to October, 2017 it was offered by Interschalt maritime systems GmbH, and before 2007 - by Seacos Computersysteme & Software GmbH.
CRST The Transportation Solution, Inc. (formerly CRST International) is an American freight company based in Cedar Rapids, Iowa. [ 4 ] Founded in 1955 by Herald and Miriam Smith, it is a privately held company with a current fleet of more than 30,000 transportation service providers, 6,000 drivers, [ 5 ] and annual revenues of $1.5 billion.
Total Quality Logistics (TQL) is a North American freight brokerage and third-party logistics firm. [4] It was founded in 1997 by Ken Oaks in Cincinnati, and is headquartered in nearby Union Township, Clermont County, Ohio, United States.
In 2021, ArcBest acquired MoLo Solutions, a truckload brokerage company based in Chicago. The deal was priced at US$235 million upfront and up to an additional US$215 million if MoLo hits certain revenue benchmarks by 2025. ArcBest intended to merge MoLo's operations and its existing brokerage operations onto a single platform. [11]
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CargoMax is a stability and load management software application for marine and offshore industries. It is developed and sold by Herbert-ABS Software Solutions, LLC. First released in 1979, [1] CargoMax was one of the first computerized systems for planning and evaluating ship loading; it is currently one of the most-used software applications for this purpose. [2]