February 2020

FreightRoll Digitizes Paper Documents To Reduce Operational Inefficiencies

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Though the transport industry is one of the primary movers of the economy, it suffers from costly inefficiencies arising from the lack of technology penetration. Freight operations have had a long-standing dependence on paper documents, making comprehensive digitalization challenging and costing the transport industry $420 billion every year out of $7 trillion spent globally on […]

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Emerge founder reflects on success as freight-tech innovator

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FreightWaves CEO Craig Fuller welcomed Emerge founder Andrew Leto to the FreightWaves headquarters in Chattanooga, Tennessee, where the two discussed Leto’s rise as a freight-tech innovator and the success of his digital freight marketplace. Scottsdale, Arizona-based Emerge provides shippers and carriers access to direct capacity via its digital freight marketplace. According to the logistics software

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Commentary: Can software meaningfully increase economic productivity In trucking?

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I started teaching a course on operations management at the Tandon School of Engineering at New York University on Monday, January 27. On Wednesday, January 29 we discussed Operations and Economic Productivity. That got me thinking very consciously about the topic of economic productivity in trucking. In fact, we touched on it very briefly in

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Freightwaves, Coyote Logistics cutting or shifting jobs in Chattanooga

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Staff photo by Dave Flessner / Freightwaves in downtown Chattanooga, which celebrated the launch of freight futures last March, has cut over 20 jobs to slow its rapid startup growth. The trucking industry and its support businesses have been an engine of Chattanooga’s growth over the past decade, but a couple of its key players

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Coyote cuts Chattanooga brokerage floor, Chicago IT staff

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On Friday, Coyote Logistics, a wholly-owned subsidiary of UPS (NYSE: UPS) laid off all the carrier representatives in its Chattanooga office, leaving a small group of salespeople and administrative workers. Coyote had let the office shrink by attrition over the past year, not hiring replacements for brokers who left, but yesterday about 25 people in

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Mexican startup helps fleets digitalize operations and keep freight secure

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The idea of digital freight brokerage has been around for quite a while now, with multiple startups and industry incumbents hard at work digitalizing transactions within the trucking market. However, the road freight industry is highly localized and throws up glaringly different challenges across contrasting demographics, leading companies to zero in on market-specific issues to

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Uber pulls forward profit guidance, growth in Uber Freight stagnates sequentially (video in source)

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Adjusted EBITDA profitability expected in fourth quarter of 2020 Uber Technologies, Inc. (NYSE: UBER) reported a net adjusted loss of 64 cents per share, 4 cents better than the consensus estimate. Consolidated adjusted earnings before interest, taxes, depreciation and amortization (EBITDA) was a loss of $615 million, a more than $200 million improvement year-over-year. Uber

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