There Are 292,000 Shippers in America and 97% of Carriers Have 10 Trucks or Less — The Match Has Been Right in Front of You the Whole Time [Yahoo! Finance]
General Motors Company (GM)
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Source: Yahoo! Finance
The freight comes through a broker, the rate gets negotiated down, the carrier moves the load, gets paid on net-30 or net-45 (or quick pay/factoring), and then goes back to the board looking for the next one. That cycle is familiar. It is also the most competitive, lowest-margin, least differentiated way to run a trucking operation that exists. You are competing against every other carrier on the platform for the same load, at the same rate, with no relationship, no loyalty, and no reason for the shipper — who never even knows your name — to choose you twice. Here is the thing most small carriers do not fully understand: the shippers generating that freight have a direct relationship with someone. If it is not with you, it is with a broker who is taking their cut of a rate that you could be earning in full. The broker exists because the shipper does not know which carriers to call, and the carrier does not know which shippers to approach. That is an information problem. And informat
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- 2/17/26 - Form 144
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- GM's page on the SEC website