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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]
DAT Freight & Analytics, formerly known as Dial-a-Truck, is a US-based freight exchange service ("load board") and provider of transportation information serving North America. Freight exchange services are used to match material ("loads") that needs to be shipped with over-the-road carriers, which can be hired to move those loads.
As of 2023, TQL was ranked the second-largest freight brokerage firm in North America by Transport Topics magazine, posting $2 billion in net revenue off gross revenues of $8.8 billion. [12] TQL has 56 offices in 26 states with more than 9,000 employees. [13] TQL has been ranked a Greater Cincinnati Top Places to Work 12 times.
The company’s average annual growth, measured in truckloads, more than doubled and C.H. Robinson posted more than $700 million in sale within five years. Forty per cent was generated by truck brokerage, with the remainder of revenue coming from produce sales. [14] [5]
XPO provides dedicated truckload, LTL, truck brokerage, managed transportation, last mile and freight forwarding in Europe. [44] The company also manages multimodal solutions, such as road-rail and road-short sea combinations. [45] 1,000 new drivers were hired in the U.K. and Ireland in 2022. [46] [47]
Landstar System, Inc. is a transportation services company specializing in logistics and more specifically third-party logistics.Landstar also utilizes an extensive network of more than 11,000 independent owner operators, referred to internally as business capacity owners (BCOs).
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