Less-Than-Truckload pricing power continues to dominate the market, drawing on insights from the latest quarterly report by AFS Logistics and TD Cowen. LTL rates are expected to remain elevated through year-end, following a third-quarter rate-per-pound index that set a record, standing 65.1% above its 2018 baseline.

The episode also reviews the higher-than-average rate of transport bankruptcy filings seen in the first half of October. Filings included five companies, ranging from small carriers like G1 Transport (five power units) and Styx Logistics (an Amazon DSP) to larger entities like GEC Transport Solutions (70 power units).

Hear about FleetWorks' efforts to modernize freight matchmaking using artificial intelligence, fueled by a recent $17 million funding round led by First Round Capital. CEO Paul Singer noted that AI is the solution to the long-standing inefficiency caused by lack of transparency between brokers and carriers, and the company plans to use the funds to scale engineering teams in San Francisco and Chicago.

Don't miss today's lineup on FreightWaves TV, including a new episode of WHAT THE TRUCK?!? with Malcolm Harris, live at noon. Plus, learn how you can join the leaders shaping freight’s future at the F3: Future of Freight Festival in Chattanooga, Tennessee, happening next week.

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