Five Stories Freight Brokers Need to Know - September 2020

The inland freight industry is continually changing, and keeping up with the most recent news is essential for freight brokers.

Cargobot understands that staying up to date with the latest stories in the industry is vital to success. Here is an overview of the latest developments impacting freight brokers in September.

#1) The Freight Broker Market is Expected to Boom Worldwide

Industry analysts expect the freight broker market to make significant gains within the next five years. Understanding these trends is essential in giving you an edge over your competitors.

Currently, the COVID-19 crisis has created a lot of uncertainty for freight brokers in the entire marketplace. However, analysts predict a lucrative post-COVID-19 market for freight brokers by analyzing historical trends and forecast data. This report also highlights emerging players in the market, such as C.H. Robinson, Landstar System, JB Hunt Transport, Worldwide Express, and many others.

You can check out the rest of the article at The Daily Chronicle here.

#2) Ransomware Attack Targets Canadian Supply Chain Firms

Manitoulin Transport is one of Canada's largest trucking companies that was recently the victim of a ransomware attack. Fortunately, they managed to get their IT system working within a couple of days without paying a ransom fee.

Ransomware attacks within the same month have also targeted five other supply chain companies in Canada. Many IT experts believe these ransomware schemes are all connected by the same group of cybercriminals. Manitoulin Transport has taken additional cybersecurity measures to strengthen its IT system since the attack.

You can read more of the story at Freight Waves here.

#3) How a Truck Dispatch Service Company is Changing the Industry

Freight Girlz Trucking Dispatch emerged this past April to offer dispatch services for over-the-road truckers across multiple time zones. Freight Girlz is currently booking over $500,000 worth in freight each month and looks poised to continue to grow.

Freight Girlz is the only trucking dispatch company that publishes their dispatch log in real-time, while also including the average rate per mile and equipment type. They also do not require contracts and drivers get to keep their detention pay. This innovative business model has played a key role in their company's success in such a short time.

You can read more about their business by checking out the story at OpenPR here.

#4) How Tracking Tools Help With Disaster Response

Many times truck drivers are required to navigate throughout disaster zones to provide essential products. These natural disasters can be wide-ranging, whether truck drivers are dealing with the impact of hurricanes or wildfires.

Communication is often limited in these areas due to significant damages to the infrastructure. However, real-time tracking makes it possible for brokers to know the exact location of a shipment without checking in with the driver. Trucker Tools is one of the leading companies that gives freight brokers access to this data to streamline operations and improve disaster zones' visibility.

You can learn more about this innovative technology by visiting Freight Waves here.

Reach Out to Cargobot to Learn More About Our Broker Program

Cargobot recently launched a brand new initiative to help freight brokers successfully scale their business.

Our state of the art platform makes it easy for freight brokers to work with a wide range of carriers and shippers across the United States.

We also give you access to around the clock support, and you can easily track freight in real-time by using our app. Our broker program is perfect for entry-level or experienced freight brokers, as our innovative platform can help you grow your business.

Contact Cargobot today to learn more about our freight broker program and stay up to date with the industry's latest trends!