March 2019

New truck exchanges offer hedge, but come with risk – Ari Ashe, Associate Editor, William B. Cassidy, Senior Editor, Eric Johnson, Senior Technology Editor | Mar 27, 2019 3:59PM EDT

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Shippers nervous about volatility in US truckload rates have two new options to hedge risk in the form of exchanges, also known as “futures” and “forward markets.” But each comes with risks of their own, from losing money to collapsing altogether, most commonly because of a lack of liquidity or loss of confidence in the […]

New truck exchanges offer hedge, but come with risk – Ari Ashe, Associate Editor, William B. Cassidy, Senior Editor, Eric Johnson, Senior Technology Editor | Mar 27, 2019 3:59PM EDT Read More »

Echo CEO Doug Waggoner provides insight on market conditions and trends in exclusive Q&A – Logistics Management – By Jeff Berman, Group News Editor

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Logistics Management Group News Editor Jeff Berman recently spoke with Doug Waggoner, CEO of Echo Global Logistics. Topics covered include the state the of the freight economy, regulations, and the digital freight marketplace, among others. A transcript of their conversation is below. LM: How would you describe how things are going on a year-to-date basis,

Echo CEO Doug Waggoner provides insight on market conditions and trends in exclusive Q&A – Logistics Management – By Jeff Berman, Group News Editor Read More »

Axle Logistics using Descartes MacroPoint to cover loads – CCJ – CCJ Staff

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Knoxville, Tennessee-based Axle Logistics has started using the Descartes MacroPoint capacity matching system to improve its ability to find new carriers and cover loads with lower costs. “Having the right tools and technologies in place creates opportunities for us to further distinguish ourselves by the level of service we provide,” said Shawn McLeod, branch manager at Axle

Axle Logistics using Descartes MacroPoint to cover loads – CCJ – CCJ Staff Read More »

Hwy Haul customizes freight matching for trucking fleets – FreightWaves – Vishnu Rajamanickam, Staff Writer

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This January, Walmart announced that it intends to hire 900 truckers over the course of 2019. It also announced that it would increase the wages of 8,000 drivers it has on its payroll now, possibly in an attempt to keep their churn rates low. Nonetheless, the increase in pay might also signal the difficulty companies

Hwy Haul customizes freight matching for trucking fleets – FreightWaves – Vishnu Rajamanickam, Staff Writer Read More »

Convoy introduces automated bidding feature for carriers – All Resources – Logistics Management – By Jeff Berman, Group News Editor

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Seattle-based digital freight broker Convoy rolled out automated bidding for its Request a Load service offering, which is geared towards United States-based motor carriers. Request a Load is a key component of the Convoy app deployed by carriers and allows them to directly share preferences and get them the loads they want with less effort.

Convoy introduces automated bidding feature for carriers – All Resources – Logistics Management – By Jeff Berman, Group News Editor Read More »

Uber Freight announces European expansion – Logistics Management – By Jeff Berman, Group News Editor

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By Jeff Berman, Group News Editor Uber Freight is going global. Well, it is going to start in Europe initially, Lior Ron, head of Uber Freight, wrote in a blog post that was published yesterday. Uber Freight is known in freight circles as the ubiquitous, ride-sharing service’s app that matches trucking companies with loads to haul.

Uber Freight announces European expansion – Logistics Management – By Jeff Berman, Group News Editor Read More »

Lori is driving visibility and transparency in emerging markets’ chaotic logistics systems – FreightWaves – Vishnu Rajamanickam, Staff Writer

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While the U.S. spends about 7.5 percent of its GDP on logistics and transportation, many emerging market economies spend much more on this sector. Because of this cost structure, goods from emerging markets are often uncompetitive on the global markets and unaffordable in their local markets. Lori, a Kenya-based e-logistics startup, is looking to drive

Lori is driving visibility and transparency in emerging markets’ chaotic logistics systems – FreightWaves – Vishnu Rajamanickam, Staff Writer Read More »

Port Report: Ocean freight keeps up digital move as industry gets props for its tech savvy – FreightWaves – Michael Angell, Bulk and Intermodal Editor

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NYSHEX looks to bring in other trade lanes to its platform while Freightos sees ocean shipping outmatching other modes in digital drive. NYSHEX, the digital ocean freight platform, wants to expand its market reach into China after last year’s launch of its U.S. service offerings. The four-year old company is looking to add container booking

Port Report: Ocean freight keeps up digital move as industry gets props for its tech savvy – FreightWaves – Michael Angell, Bulk and Intermodal Editor Read More »

Uber Freight announces European expansion – FreightWaves – John Paul Hampstead, Associate Editor

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This morning Lior Ron, Head of Uber Freight, wrote in a blog post that the digital brokerage will expand its operations into Europe. The Netherlands is the first European market Uber Freight will enter, Ron wrote, and carriers will be able to book their first loads with Uber Freight in April. This announcement marks Uber

Uber Freight announces European expansion – FreightWaves – John Paul Hampstead, Associate Editor Read More »

Indonesian digital freight startup Kargo Technologies raises $7.6 million in seed funding – FreightWaves – Vishnu Rajamanickam, Staff Writer

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Kargo Technologies, an Indonesia-based logistics startup, has raised $7.6 million in its seed round of funding, led by Sequoia Capital India. The investment round also saw Uber founder Travis Kalanick’s 10100 Fund join the funding round, along with Patrick Walujo, the co-founder of Northstar Group. Kargo is a digital freight marketplace that plans to connect

Indonesian digital freight startup Kargo Technologies raises $7.6 million in seed funding – FreightWaves – Vishnu Rajamanickam, Staff Writer Read More »

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