Craig Fuller 🛩🚛🚂⚓️

30.9K posts

Craig Fuller 🛩🚛🚂⚓️ banner
Craig Fuller 🛩🚛🚂⚓️

Craig Fuller 🛩🚛🚂⚓️

@FreightAlley

Freight affiliated media. Founder - FreightWaves: Freight market intelligence SONAR: High-frequency freight data Firecrown: enthusiast media esp. transport

Chattanooga, TN Katılım Nisan 2009
5.9K Takip Edilen106K Takipçiler
Sabitlenmiş Tweet
Craig Fuller 🛩🚛🚂⚓️
Craig Fuller 🛩🚛🚂⚓️@FreightAlley·
JB Hunt set the tone for earnings describing how shippers are accepting a massive shift and calling it a "structural change" and unlike other capacity-led market changes. Hunt's team made the case that we should not expect this market to correct anytime soon, as the regulatory crackdown continues and trucker balance sheets have been wrecked by the worst downturn in history. This makes the case that a trucking super cycle is on the way!
English
22
47
345
72K
Josh
Josh@carrierwhisper1·
The cabal carriers have a secret meeting in the cave at 0300 EST, please reach out to the fuller family for more info @FreightAlley
English
2
0
14
1.4K
The Suffrage Reform Party 🗳️ 🇺🇸
I call bullshit. So brokers are going to pay premiums on parody with asset owners. Are asset owners is going to get a 50% discount? Is Insurance going to just collect double the premiums in pocket it? Are we all going to just collectively cripple the trucking industry to fund more retarded nuclear verdicts and bottom feeding personal injury lawyers?
English
1
0
1
185
Craig Fuller 🛩🚛🚂⚓️
TD after SCOTUS: "Well-capitalized, high-compliance asset players gain most. Large, compliant brokers could benefit as smaller non-compliant brokers exit." Predicts a massive squeeze on insurance for brokers, and believes brokers will pay similar rates to asset-carriers in the future. "Brokers receive a 90% premium discount on insurance relative to asset-carriers. This could shrink to 10%." A 9x surge in insurance costs would be devastating for most brokers.
Craig Fuller 🛩🚛🚂⚓️ tweet media
English
14
20
102
18.7K
Craig Fuller 🛩🚛🚂⚓️
Yikes. Assuming that insurance carriers price brokerage insurance like assets we could see 10x increase in insurance rates for brokers. Not sustainable.
Trips@hkz8cpyngh

@FreightAlley @TheStalwart I am a broker / carrier and our carrier side has the same monthly revenue roughly as our broker side. We pay 5k per month for broker insurance and ~50k for carrier. I don’t even see how those # could work even if you gained more business. The costs sky rocket

English
5
4
33
9.6K
Craig Fuller 🛩🚛🚂⚓️
Flatbed truckload rates continue to set new records almost every single day - up to $4.17/mile
Craig Fuller 🛩🚛🚂⚓️ tweet media
English
4
5
52
4.4K
Craig Fuller 🛩🚛🚂⚓️
Seasonally adjusted trucking spot rates are at the highest levels we've ever tracked on the weekly chart. ($3.27/mile)
Craig Fuller 🛩🚛🚂⚓️ tweet media
English
0
6
27
3.3K
Craig Fuller 🛩🚛🚂⚓️
Citi: "Largest brokers and carriers are best positioned to accumulate share." Asset-based carriers are the biggest winners. This will lift freight rates as shippers seek reliable partners with visibility into who is transporting their freight. Brokers will likely seek enhanced insurance to limit liability.
Craig Fuller 🛩🚛🚂⚓️ tweet media
English
5
2
41
5.3K
Craig Fuller 🛩🚛🚂⚓️
Truckload spot rates surge to $3.57/mile, approaching an all-time high of $3.68/mile, set in the NYE holiday of 2021/22. This is +$.47/mile from a week ago. Diesel is only $.01/mile higher than it was a week ago.
Craig Fuller 🛩🚛🚂⚓️ tweet media
English
10
21
166
19.4K
Craig Fuller 🛩🚛🚂⚓️
SONAR truckload rejections surge to a new cycle high to 15.44%. Capacity is as tight as it's been in years.
Craig Fuller 🛩🚛🚂⚓️ tweet media
English
3
6
53
12K
Craig Fuller 🛩🚛🚂⚓️ retweetledi
Matthew Leffler
Matthew Leffler@ArmchairAtty·
Of course I need to be on the road when SCOTUS drops Montgomery! There are a lot of opinions about the ruling, and I have some thoughts as a board my flight home. What you see here is an excerpt from concurrence by Justice Kavanaugh. He says, “[F4A] does not preempt state tort suits against brokers who negligently arrange truck transportation with an unsafe carrier.” Two big questions: what is negligent arrangement and what is an unsafe carrier? Let’s start with the second question first. What is an unsafe carrier? Is it a safety score with the FMCSA? Probably not. Why? Because 94% of carriers don’t have a safety score with the FMCSA. So what is it then? Practically speaking, an unsafe carrier is the one that is an accident. Put another way, we don’t know you’re unsafe until after the event. Ok. What is negligently arranging? It’s a duty to use reasonable care to select a motor carrier. Can you rely on government data alone? Obviously not. Is it using the myriad of vetting technologies like Highway or GenLogs? Is it getting trade references? We don’t know. Not yet anyway. We need more lawsuits to establish the standard. Is this a case big? Absolutely. SCOTUS doesn’t take cases unless they have profound implications to the country. We just don’t know yet how big the impact will be. But brokers are playing the same game with new rules. Time will tell.
Matthew Leffler tweet media
English
5
3
25
5K
Craig Fuller 🛩🚛🚂⚓️ retweetledi
Matt Van Swol
Matt Van Swol@mattvanswol·
🚨WHAT THE HELL?!!!! Divers doing a ROUTINE maintenance check at the Converse Reservoir dam in Mobile, AL... ...just found an underwater IED!!!! Apparently a grenade-type bomb was sitting submerged at the bottom of a dam that holds an entire city's DRINKING WATER. It took FIVE agencies: the FBI, ALEA, the Sheriff, Mobile PD, and a maritime render-safe team, to pull it out and detonate it. Someone put a BOMB in our water supply... WHERE IS THE NATIONAL COVERAGE?!!!
English
2.1K
25.9K
62K
1.8M
Craig Fuller 🛩🚛🚂⚓️ retweetledi
Kevin Rutherford / Let's Truck 🇺🇸
I don't have a brokerage. I don't have any brokerage partners I don't get one penny of revenue from brokers. I have spent the last 30 years helping O/Os and small carriers start and run successful businesses. This is bad news for small carriers.
SCOTUS Wire@scotus_wire

🚨 The Supreme Court unanimously ruled that federal law does not shield freight brokers from state negligence lawsuits when they hire unsafe trucking companies.

English
22
3
42
12.7K
Craig Fuller 🛩🚛🚂⚓️ retweetledi
R A W S A L E R T S
R A W S A L E R T S@rawsalerts·
🚨#BREAKING: Officials say an underwater explosive device has been discovered at a dam supplying drinking water to the entire city of Mobile, Alabama.
English
401
1.9K
14.3K
1.6M
Craig Fuller 🛩🚛🚂⚓️
Hot take from a senior exec at one of the largest firms in the space: Paper trails are going to be paramount for brokers going forward. It will be imperative for the broker to demonstrate that they did everything in their power to ensure that the carrier and driver were compliant. Load boards are a thing of the past. I’ve been skeptical about the value of Convoy for DAT, but they’ve just made the case. TFX as well.
English
22
7
128
12.4K
Craig Fuller 🛩🚛🚂⚓️
@GoDuckYourself Flatbeds are going to go on a generational run with data centers, energy, and defense. He needs to lock down the capacity or else risk having trucks not show up. This market tightness is going to exist for years.
English
1
0
2
101
Fake Fan
Fake Fan@GoDuckYourself·
@FreightAlley going deep sea fishing with major client tomorrow. Lots of flatbeds. I am honest and relationship first with them, what short piece of advice/information can give the transportation coordinator so he can take it back to corporate and make himself look good
English
1
0
0
37
Craig Fuller 🛩🚛🚂⚓️ retweetledi
Benjamin Gordon 🇺🇸
Benjamin Gordon 🇺🇸@benjaminhgordon·
In just the last few minutes, much has already been said about the Supreme Court 9-0 ruling against CH Robinson and truck brokers, in the case of Montgomery vs. Caribe Transport II. There is no doubt that this verdict will create massive disruption in the transportation industry. Yet amidst major change, we will see enormous opportunity. Who do you think are the best software providers for providing carrier safety, compliance, and vetting analytics? Options include Fleetworthy, Lytx, Motive, Samsara, SafetyCulture, Highway, Idelic (now Descartes) and many others. And what do you think would make these solutions better? freightwaves.com/news/breaking-…
SCOTUS Wire@scotus_wire

🚨 The Supreme Court unanimously ruled that federal law does not shield freight brokers from state negligence lawsuits when they hire unsafe trucking companies.

English
7
2
24
11.5K