A year ago this time, it is fair to say that the trucking sector was running strongly on all cylinders, buoyed by very strong economic fundamentals, a high level of consumer confidence, and tight capacity, which helped drive rate growth. But fast forward a year later, and it is clear that the tables have turned […]
Uber & Uber Freight Investment As reported by The Verge, Uber will invest $200 million and hire thousands of engineers to bolster its two-year-old long-haul trucking venture, Uber Freight, the company announced today. It’s a huge vote of confidence in Uber’s growing freight division, even as Uber’s overall business continues to hemorrhage billions of dollars every
Uber Invests $200 Million to Expand Freight Trucking – Supply Chain 247 – By 24/7 Staff Read More »
A driver looks at the Uber Freight app. (Uber Technologies Inc.) [Stay on top of transportation news: Get TTNews in your inbox.] Uber Freight, the load-matching business unit of Uber Technologies Inc., announced it has opened its new headquarters in Chicago and plans to hire 2,000 employees over the next three years to handle engineering
As Walmart (NSYE: WMT), Amazon (NASDAQ: AMZN) battle for dominance in the online grocery wars, a growing number of tech-enabled startups are taking a different approach, aiming to disrupt the conventional food supply chain by using logistics platforms to connect shoppers directly with local farmers and producers. Portland-based MilkRun, for example, seeks to make buying
Taking aim at Big Ag – FreightWaves – Linda Baker, Staff Writer Read More »
Finding reliable, trustworthy transportation partners is a challenge for shippers, brokers, and 3PLs in today’s logistics industry. Search tools currently on the market only allow users to find carriers based on the location of their registered office, resulting in a long list of potential candidates that may or may not run the lane a shipper
Container shipping giant A.P. Moeller-Maersk A/S and Ports America, the largest terminal operator in the U.S., are investing in a digital freight-booking service aimed at speeding the flow of cargo through maritime gateways. Maersk’s venture-capital arm led a $19 million funding round for Loadsmart Inc. to support a new service for the port trucking market,
J.B. Hunt Transport Services Inc. (NASDAQ: JBHT) provided constructive commentary on intermodal and truckload (TL) fundamentals during a presentation at the Cowen and Company 12th Annual Global Transportation Conference. The outlook from the surface transportation services giant at the intra-third quarter event was notably better than the concern around the lack of an uptick in
Given the number of available and emerging digital solutions capable of transforming and improving logistics and supply chain operations, why are many firms still spinning their wheels instead of driving forward? By Mary C. Holcomb, Ph.D., professor, University of Tennessee; Christopher A. Boone, Ph.D., assistant professor, Mississippi State University; Karl B. Manrodt, Ph.D., professor, Georgia College
Masters of Logistics 28th Edition: Find your digital direction – Logistics Management Read More »
The digitization of the supply chain industry has been all the buzz in recent years. From lumpers on the freight docks in Erie, Pennsylvania to the Patagonia-clad investors of Silicon Valley, everyone seems to be talking about technology “disrupting” logistics. The areas of disruption and digital freight matching have been well-covered by folks across the
Improving digital freight markets: lessons from history – FreightWaves – Read More »
