FreightWaves Today

Jack Daleo - Staff Writer - FreightWaves - Brooklyn NY

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Diesel fuel prices fall to 4.29 cpg

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Eric Kulisch - Air Cargo Editor - FreightWaves - Vancouver, WA

What is the play here?

Is this feasible?

Is this legitimate - could they pull this off?

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Lanes of the Day

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Why some big transportation companies have hit some turmoil

Bill Priestley - Producer - FreightWaves - Chattanooga, TN

Tony Mulvey - Senior Analyst - FreightWaves - Chattanooga, TN

Mark Solomon - Senior Staff Writer - FreightWaves - Atlanta, GA

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John Kingston - Editor-At-Large - FreightWaves - Carle Place, NY

This is a program for high school students and it’s expanding

What has been the attraction to this program?

Obviously there is a movement afoot to make 18-year olds eligible to drive Class 8 trucks.  Secretary Buttigedge mentioned that the pilot program hasn’t had the desired enrollment - were does this put programs like this because it seems like they certainly have attraction from teens and schools.

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Wholesale fuel prices have increased over the past 3 days

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Mary O’Connell - Running on Ice Community - St. Louis, MO

What do you think has been the biggest contributor to the rapid growth of cold chain opportunities at the Jacksonville Port? What’s your competitive edge?

What kinds of products are benefiting the most from the cold chain logistics services offered at the Jacksonville Port?

Can you speak to any notable success stories of businesses that have taken advantage of the cold chain opportunities at the Jacksonville Port?

Looking forward, what are some potential challenges that the Jacksonville Port may face in maintaining its position as a leader in the cold chain logistics industry?

Are there things that shippers and carriers can do to be a favorite carrier at the port?

What measures has the Jacksonville Port taken to address the environmental impact of cold chain logistics operations and ensure sustainability in the long term?

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OTMSY will help you identify emerging markets

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Andrew Lockwood - Senior Director, Managed Logistics, Suddath Global Logistics - Orlando, FL

This may fly in the face of some of the conventional news stories we've seen out there where capacity needs to fall back down to meet demand, but if you take the market sentiment "buy low, sell high", now actually maybe a really good time to start your own freight brokerage business as the startup buy-in is relatively low (< $10k). What's interesting is that the growth rate for brokerage businesses is less than trucking businesses (2.4% vs. 4.5%) and once you have your licenses, software, etc. setup, your as profitable as you customer service/hustle dictates.

I think we'll see the freight world shift more to private load boards and "trusted networks" in the future - which are very dependent upon relationships and connections. My theory is - you start now and establish your business in a supposed 'down market', then you have incredible upside as the overall economy gets better.

We can also hit on the trucking business side of it - which I'm definitely not as high on. Until equipment prices come down, there's a huge deterrent to people getting into business there...but I think for most folks driving a truck feels a lot more doable than brokering 5+ loads a day to earn a living. There's certainly pros/cons and upside in both a pure brokerage business vs. trucking business which we could dive into as well.

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