Bridge Logistics Quarterly Updates: As we wrap up another successful quarter, we’re excited to share updates on the incredible milestones our team has achieved and the ways we continue to strengthen relationships with our carriers. From work anniversaries and holiday festivities to valuable carrier insights and employee spotlights, the quarter 4 update highlights the people
LMI Trends, Imports, and Capacity Shifts Today, we’re diving into the latest release of the Logistics Managers' Index (LMI), where an interesting pattern of stagnation has emerged. Over the past four months, the overall LMI has barely moved, shifting by just a little over one point, with the current reading sitting at 56.4—5.4 points below
Bridge Logistics Quarterly Updates: We’re thrilled to share our latest achievements and updates as we conclude another successful quarter. At Bridge Logistics, our quarter 2 2024 updates highlight significant accomplishments, including new hires and internal moves that strengthen our operations and sales teams. We delve into market trends, focusing on how manufacturing impacts truckload demand,
https://youtu.be/VwgpM9BXUds As the calendar inches closer to May 14th-16th, the transportation industry gears up for an annual event that could potentially shake up capacity and rates: the Commercial Vehicle Safety Alliance's (CVSA) International Roadcheck. But what exactly is Roadcheck week, and how might it influence the market dynamics this year? Let's dive into the
https://youtu.be/rpZNPYuVzek?si=lTbrkOFU0upxxMO9 Three Steps to Combatting Fraudsters Once and For All Alright, so today brings us to our 3rd and Final topic in our customer fraud prevention series. We started this journey by discussing the different types of freight fraud, in the second one we talked about how to identify certain types of fraud
https://youtu.be/uT4ymtB7YcA Double brokering has been a concern for brokers, carriers, and shippers alike for years. The term double broker is relatively self-explanatory: It often refers to a brokered or shipper tendered load being sent to a known carrier, and from there the load is then tendered to a carrier unbeknownst to the original
https://youtu.be/WSBrAU5rDTw Top 3 Theft Commodities The Top 3 most targeted theft commodities in transportation are: Food and Beverage, Household Goods, and Electronics. CargoNet, who specializes in cargo theft prevention, "recorded 582 events across the United States and Canada in the second quarter of 2023" equating to over $44 million in stolen shipments. Of the
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https://youtu.be/ztGnPKAkCQw The LMI, or the Logistics Managers Index, reached an all-time low for the first time in the index's almost seven-year history in May coming in at a reading of 47.3. Of the 8 subsets that make up the LMI, warehousing capacity was the only category that registered expansion growth. Transportation utilization and
https://youtu.be/j8pdkwU3u28 Monthly job creation in the U.S. rose for the month of May by 339,000. That’s 15% above April’s figures and its highest release since January. The strong release more than 78% higher than what the Dow had originally anticipated for the month. The rise in openings is seen as an encouraging indicator