Cargo Shark Inc

02/16/2023

The discussion regarding brokers heated up in 2020, when OOIDA petitioned the agency for more transparency in transactions with brokers.

What do you expect?

Both FMCSA and OOIDA have scheduled sessions on broker transparency at MATS 2023, which runs March 30 through April 1 in Louisville, Ky.

02/03/2023

This week's special ⬇

A new set of regulations by U.S. Customs and Border Protection (CBP) promises to make it easier for smaller customs brokers to operate on a national scale. But they also carry a sting.

01/27/2023

Inflation is high, but wages and salaries are 7.2% higher year-over-year and 17% higher than the 5-year trend, which has helped to keep retail sales elevated.

The OOIDA Foundation’s Market Update indicated flat volumes, slow demand, loose capacity, bottoming rates and higher operating costs.

01/06/2023

The agency proposes regulations in five separate areas: Assets readily available, immediate suspension of broker/freight forwarder operating authority, surety or trust responsibilities in cases of broker/freight forwarder financial failure or insolvency, enforcement authority, and entities eligible to provide trust funds for form BMC-85 trust fund filings.

FMCSA issued a notice proposing modifications to broker and freight forwarder financial responsibility requirements.

12/31/2022

Here's to a happy, healthy, and successful New Year on the road! 🚛

12/30/2022

'Biesterfield contended that FMCSA – not individual shippers and brokers – should be tasked with setting “reasonable standards” when it comes to safety.'

What do you think about this?

C.H. Robinson has settled a lawsuit stemming from a 2016 crash. The suit raises some interesting questions over broker liability.

12/12/2022

What's the solution?

Well, the key is in balance.
And, as long as these challenges exist, we’ll still need people who can leverage technology to make the process easier.

Will the brokers be eliminated by AI before the truckers?

12/02/2022

FMCSA noted it must consider how technology has changed freight brokerage, the roles of bona fide agents, and other parts of the freight transportation industry.

While FMCSA cannot change the broker definition without a final rulemaking, the Nov. 16 filing is intended to clarify existing requirements under the law or agency policies.

What do you think? How much did technology change our industry?

FMCSA noted it must consider how technology has changed freight brokerage, the roles of bona fide agents, and other parts of the freight transportation industry.

11/29/2022

What do you think about this?

Funded by an FMCSA grant, new research will look into the driving behaviors of motorists around commercial motor vehicles.

11/20/2022

Did you know that the freight market is about to take off?

Estimates from Allied Market Research indicate that the U.S. freight brokerage market will grow from about $48.1 billion in 2021 to nearly $90.7 billion by 2031.

11/13/2022

What do you expect to happen in 2023?

The truck driver shortage in the U.S. has eased slightly but remains near its all-time high. American Trucking Associations (ATA) chief economist Bob

10/28/2022

We are !

If you're a passionate Freight Broker willing to learn more and develop skills, you're welcome to our team.🙌

And if you have friends with similar interests - spread the word! 😃

Cargo Shark - Freight Brokerage