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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.
ArcBest Corporation is an American holding company for truckload and less-than-truckload (LTL) freight, freight brokerage, household good moving, and transportation management companies. Historically, the company also owned furniture, banking, and other diverse subsidiaries.
[39] [40] LTL is a freight model which involves shipping smaller quantities of goods for multiple customers at a time. [41] In 2022, XPO's CEO stated that the company operates in 99% of US zip codes. [42] As of March 2022, XPO also produced new and re-manufactured trailers at a factory in Searcy, Arkansas. [42] [43]
2002 Acquired Consultrans, an Ontario-based transportation brokerage and warehousing company, doubling its North American truck transportation management operations. [13] 2003 Acquired Chicago-based customs broker and freight forwarder Osowski, launching Livingston into the U.S. air/sea customs and freight forwarding market. [14]
In 2012, C.H Robinson purchased Phoenix International for $635 million and doubled its ocean freight capacity. [21] [26] The company also acquired the Polish shipping firm Apreo Logisitics S.A., which provides trucking, air, and ocean shipping services throughout Europe. [25] The company launched a technology-enabled platform called Navisphere ...
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]
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