Amazon’s entry into online freight matching is being met with skepticism and unease by much of the logistics industry, according to a market research report from the FreightWaves Freight Intel Group. The report, Amazon and the Logistics Industry, builds on the news FreightWaves broke on Amazon’s beta version of its online freight matching platform, freight.amazon.com. […]
2019
Fr8Hub recently announced that it will expand its services to provide domestic freight matching throughout Mexico, connecting shippers with available carriers throughout the country. The Fr8Hub carrier network currently features more than 1,000 carriers in the United States and Mexico, and more than 30,000 available trucks. Since electronic logging devices and global positioning systems are
As another service of FreightWaves SONAR, the Freightwaves Freight Intel Group was launched recently and is publishing in-depth research on “everything freight and logistics,” as Senior Research Analyst and team member Seth Holm described the Group’s mission. “We will be doing deep dives into topics that are most important to our industry, the inner workings
Lanehub has added a new capability to its collaborative transportation network that gives shippers the ability to earn a “benefit sharing credit” who help their contract carriers connect with other shippers who need capacity to fill imbalances in the carriers’ networks. Any carrier that is currently contracted to haul freight for an existing member of
Anheuser-Busch items in a warehouse. (Luke Sharrett/Bloomberg News) [Stay on top of transportation news: Get TTNews in your inbox.] Lanehub, a provider of freight lane matching services, said it will soon begin providing financial incentives to shippers that help their contract carriers find backhaul opportunities with other shippers in its collaborative freight network. This benefit-sharing
Transfix, the venture capital-backed digital freight marketplace based in New York City, announced that Ahmad El-Dardiry joined the company as its new chief revenue officer. El-Dardiry comes to Transfix from a 19-year stint at Intel Corporation, where most recently he managed cloud computing, memory and storage enterprise sales in the Americas, Asia and global industry
Uber Freight is sharing nearly all the revenue from its digital freight-matching platform with its carriers, according to a Morgan Stanley & Co. analysis that estimates it could be years before Uber Technologies Inc. ’s logistics division generates meaningful profits. Uber’s freight brokerage business launched in 2017 and uses technology to connect truckers with shippers
5 Questions with C.H. Robinson CEO Bob Biesterfeld Bob Biesterfeld, President and Chief Executive Officer of C.H. Robinson (pictured above), recently spoke with SMC³ about the state of the industry and how technology is helping logistics stakeholders achieve their business objectives. At the Connections 2019 supply chain conference, Biesterfeld will provide further insight into the
Uber Technologies Inc. (NYSE: UBER) reported first quarter 2019 results which were $0.01 share worse than analyst expectations at a loss of $2.26 per share. Revenue of $3.1 billion was $20 million better than forecasts. Total revenue increased 20 percent year-over-year to $3.1 billion. Gross bookings increased 34 percent year-over-year to $14.6 billion. Other Bets
Logistics Management (LM): How do you view the current state of the freight economy? Bobby Harris: When you look at the first quarter, based on data from publicly traded companies, it is no secret that the market was softer in the first quarter than a year ago. And we are seeing that same softness when