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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.
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 network consists of several load board subscription services for small to midsize carriers, freight brokers, and shippers. [1] [7] DAT provides a real-time truckload freight rate service. This is based on $150 billion of transactions annually, from actual "broker-buy" rates (what freight brokers pay carriers) to shipper-to-carrier contract ...
Freight brokers are federally regulated and bonded companies. Most commonly they have a vast network and access to a library of freight carriers and search for the right availability based on customer specifications. These brokers also offer various value-added services that encompass transportation, logistics, and distribution. Typically ...
2003 Acquired Chicago-based customs broker and freight forwarder Osowski, launching Livingston into the U.S. air/sea customs and freight forwarding market. [14] 2005 Acquired Great Lakes Customs Brokerage, a U.S. northern border customs broker, and its software application business, SouthRanch. [15]
The Zacks Transportation Truck industry is gaining from favorable freight environment. This bodes well for stocks like ODFL, JBHT, ARCB and USAK. 4 Top Trucking Stocks to Benefit From Strong ...
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