© Grapestock By Cathy Morrow Roberson 04/09/2019 The number of employees in truck transportation increased 2% from June to July, and is up more than 2% year on year, according to the US Bureau of Labor Statistics. And as the number of employees grows, so do volumes. The American Trucking Association recently published its revised forecast for the industry, anticipating […]
( Photo: Uber Freight ) Upstarts Uber Freight and Convoy continued to gain market share among freight-matching rivals, as more traditional load boards saw their market share ebb in the face of more heavily digitized competition, according to a report from investment bank UBS. The study by UBS Group AG (NYSE: UBS) is the bank’s
Employees at C.H. Robinson. (Photo courtesy of Steven A. Smith) When financier Brad Jacobs launched his bid to consolidate the logistics industry in 2011, he set into motion a process that continues to reshape the industry today. But now there are other business strategies in play with the potential to disrupt the business and spur
The Breakout List of high potential and high growth start-ups for 2019 has been published, and FreightWaves is on the list, finding itself in the company of several renowned companies including Flexport, Clearbit, Bolt, Airtable, Reserve, comma.ai and DeepMind. To perceive the list’s relevance, it is essential to understand the essence of ‘breakout trajectory,’ and
Konexial last month announced the release of the My20 Tower system, a fleet management system based on the company’s My20 electronic logging device. The platform, in addition to providing a compliant ELD product, adds functionality around driver coaching and mobile document transfers, as well as access to Konexial’s freight-matching platform. It also allows the company
Truckstop.com A private equity firm known for investing in tech companies such as Uber and SurveyMonkey has made a significant investment in Truckstop.com, an Idaho-based load board and freight-matching service, continuing the trend of private investment dollars flowing into trucking tech firms. Truckstop.com and Iconiq Capital, a tech-focused investment firm in Palo Alto, Calif., made
By Jennifer Smith Private-equity firms bought two big freight-services providers in separate deals announced Wednesday, the latest in a string of investments in businesses that help manage the flow of goods through supply chains. Iconiq Capital LLC acquired a majority stake in Internet Truckstop Group LLC, whose Truckstop.com online freight marketplace connects shippers with available
Private-Equity Firms Buy Trucking Freight Services Companies – WSJ – By Jennifer Smith Read More »
Choptank representatives in Preston, Md. (Choptank Transport) More truck drivers are relying on smartphones and tablets to help them communicate with their employers and find loads, research and anecdotal evidence show. While some holdouts still rely on more traditional cellphones that lack the ability to download apps with access to things like load-matching software, the
Trucker Tools Helps 3PL Choptank Corral Tech Holdouts – Transport Topics – Read More »
Image: Jim Allen/FreightWaves Choptank Transport is on a mission to turn its remaining manual processes into more efficient digital strategies. The quick-growing logistics service provider is hopeful that the transformation will bring revenue growth and help scale the business. Choptank has partnered with Trucker Tools to make the transition. The company began using Trucker Tools’
In February, Chicago-based Redwood Logistics announced its acquisition of Strive Logistics, a freight brokerage with offices in Chicago and Austin, Texas, placing the combined entity in the top 15 North American freight brokerages with a combined $1 billion of freight under management. Commenting on the deal, Redwood CEO Mark Yeager pointed out that Strive’s LoadRunner,
