Month: May 2020

Carriers in strongest power position of past 2 months

By Support / 2020-05-21 2020-09-13

Article written by Andrew Cox This week’s DHL Supply Chain Pricing Power Index: 20 (Shippers) Last week’s DHL Supply Chain Pricing Power Index: 15 (Shippers) Three-month DHL Supply Chain Pricing Power Index Outlook: 50 (Balanced) The DHL Supply Chain Pricing Power Index uses the analytics and data contained in FreightWaves SONAR to analyze the market and estimate the negotiating power for …

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Omnitracs and McLeod Software Extend Partnership to Bring More Functionality and Increased Flexibility to Customers

By Support / 2020-05-20 2020-09-13

DALLAS–(Business Wire)–Omnitracs, LLC, the global pioneer of fleet management solutions to transportation and logistics companies, today announced an integration with McLeod Software, a provider of transportation management and trucking software solutions to the trucking industry. The integration with the McLeod LoadMaster transportation management system (TMS) will enhance the interoperability of the Omnitracs One platform, delivering more value …

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Loadsmart Launches Multimodal Services to Enable Maximum Visibility From the Port to the Road

By Support / 2020-05-20 2020-09-13

New Solution Adds Transload Services to Power Instant Execution and Seamless Transparency Across Full Shipment Lifecycle NEW YORK, May 20, 2020 /PRNewswire/ — Loadsmart, a digital freight technology company, today announced the launch of its Multimodal Services offering, which bridges port drayage, transload and over-the-road truckload shipping. Shippers will now be able to instantly execute multimodal shipments and …

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Sleek Fleet Launches Proprietary Machine Learning Platform to Find Perfect Driver for Every Truck Load

By Support / 2020-05-19 2020-09-13

Scalable machine learning platform, Sleek Match Engine, powers automatic load distribution for Sleek Fleet shipper customers and registered carriers, fueling company growth. CHICAGO, May 19, 2020 /PRNewswire/ — Sleek Fleet, a transportation technology company, is excited to announce the launch of their proprietary machine learning (ML) engine, Sleek Match Engine. Sleek Match Engine uses millions of truck location points, …

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UPS Capital & AscendTMS Deliver Instant Cargo Insurance For Truckload, Partial and LTL In AscendTMS

By Support / 2020-05-19 2020-09-13

InMotion Global, Inc. announced today that AscendTMS, the world’s number one rated transportation management software (TMS), has achieved another industry first for logistics professionals by adding a myriad real-time cargo insurance coverage options from UPS Capital, a subsidiary of UPS (NYSE: UPS), within AscendTMS. UPS Capital connected its suite of shipping insurance APIs into AscendTMS …

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Aiming to lock down truckload capacity, Amazon goes nationwide with its freight brokerage

By Support / 2020-05-19 2020-09-13

Article written by James Jaillet Amazon this month rolled out its freight brokerage operation nationwide, a strategic move that not only brings the company into competition with other large digital brokerages like Uber Freight and Convoy, but that also is intended to give the company leverage over its retailer and shipper rivals during peak shipping seasons. The …

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Stephens talks to TPP and concludes: Spot rates likely to rise

By Support / 2020-05-19 2020-09-13

Article written by John Kingston It may seem like the Paycheck Protection Program (PPP) just began. But for some early recipients, its flow of funds is going to start to end in less than two months and the impact of that could be a catalyst for tightening truckload capacity, just as its existence has led …

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Covenant Transportation Group Announces First Quarter Financial and Operating Results

By Support / 2020-05-19 2020-09-13

CHATTANOOGA, Tenn., May 19, 2020 (GLOBE NEWSWIRE) — Covenant Transportation Group, Inc. (NASDAQ/GS: CVTI) (“CTG”) announced today financial and operating results for the first quarter ended March 31, 2020. Highlights for the quarter included the following: Total revenue of $213.6 million, a decrease of 2.6% compared with the first quarter of 2019. Freight revenue of …

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Uber Freight head: API requests for market pricing up 150% during pandemic (with video)

By Support / 2020-05-19 2020-09-13

Article written by John Paul Hampstead Bill Driegert believes that the coronavirus pandemic is accelerating an irreversible digitization of the transportation and logistics industry, and that shipper behavior, technology adoption and network design will enter a “new normal” after the crisis. Tuesday afternoon, Driegert, Uber Freight’s co-founder and head of operations, appeared on FreightWavesTV during …

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Shipping group promotes standardized e-bill of lading

By Support / 2020-05-19 2020-09-13

Article written by Kim Link-Wills Nine carriers in the Digital Container Shipping Association say eliminating paper from transactions will improve all aspects of the process The Digital Container Shipping Association (DCSA) said the COVID-19 pandemic has made the need for a standardized industry e-bill of lading (eBL) greater than ever. Cargo in ports sometimes can’t …

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