Day: June 16, 2020

Pricing discipline, reliance on e-commerce aiding LTL carriers amid COVID-19 downturn

Article written by John D. Schulz The $46 billion-a-year less-than-truckload (LTL) sector is faring relatively well economically during the downturn in freight demand as a result of closures associated with the COVID-19 pandemic. The $46 billion-a-year less-than-truckload (LTL) sector is faring relatively well economically during the downturn in freight demand as a result of closures …

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Replacing video recorders the latest move in Knight-Swift’s push to make Swift fleet safer

Article written by Aaron Huff Knight-Swift Transportation (No. 4, CCJ Top 250) is replacing the video telematics system in 12,000 Swift Transportation company- and contractor-owned trucks. The decision comes after a change in Swift management on Sept. 8, 2017, when Knight Transportation and Swift Transportation merged to create the largest truckload fleet in North America. As part of …

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India: Blockchain Technology to Digitize Paper-Based Bills of Lading in the COVID-19 Era

Article written by Aisshwarya Tiwari India’s Port Community System (PCS) recently integrated CargoX’s Platform for Blockchain Document Transfer (BDT) to digitize the marine industry’s trade documents including bills of lading. Modernizing the Maritime Industry with Blockchain Like many countries across the world, India was forced to undergo a harsh lockdown due to the COVID-19 pandemic. Consequently, the Indian economy …

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Cloud Logistics and Supply Chain Management Solution Provider Selects Sigma to Provide Real-time Data Analytics Within Proprietary Application

SAN FRANCISCO–(Business Wire)–Sigma Computing, an innovator in cloud-native analytics and business intelligence (A&BI), now powers Payload’s cloud logistics and supply chain management solution with real-time analytics, dynamic dashboards, and business intelligence reports. The company also uses Sigma internally in its finance and customer support departments. Payload chose Sigma after a competitive trial period, beating out two of …

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Swift Transportation Switches to SmartDrive Video Safety Program

Due to Exceptional ROI and Results, North America’s Largest Full Truckload Carrier Joins Knight Transportation in Benefiting from Industry-Leading Safety Solution SAN DIEGO, June 16, 2020 /PRNewswire/ — SmartDrive Systems, a leader in video-based safety and transportation intelligence, today announced Swift Transportation, the largest full truckload carrier in North America, has chosen to install the SmartDrive® video-based safety program across its …

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50 CNBC Disruptors No. 47: Convoy

Founders: Dan Lewis (CEO), Grant Goodale Launched: 2015 Headquarters: Seattle Funding: $685 million Valuation: $2.7 billion (PitchBook) Key technologies: Cloud computing, explainable AI, machine learning Industry: Transportation, logistics Previous appearances on Disruptor 50 List: 1 (No. 11 in 2019) George Kavallines This Seattle-based company has developed an on-demand technology platform that enables trucking companies and shippers to connect via an app instead of relying on …

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DAT: Spot market stabilizes to pre-COVID-19 levels

After bottoming out at the beginning of May, truckload freight volumes recovered to pre-COVID-19 levels and largely returned to seasonal patterns in the second half of the month, according to DAT Freight & Analytics, which operates the industry’s largest online marketplace for spot truckload freight. Reefer and flatbed numbers ended up positive month over month, with van rates and volume down slightly due …

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Volumes surge, carriers break even and seek help from tech

Article written by Corrie White Extended carrier update with insights from industry experts at Powerfleet and Freightwaves Make no mistake – freight volumes are on the rise, but the movement of goods appears to be rooted in warehouse and inventory redistribution instead of consumer-facing activity. Rates are therefore still suppressed, and capacity remains loose. To …

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The freight awakening? Demand roars back to life, though potential ditches lie ahead

Article written by James Jillet Though pivotal months remain ahead in the economy’s trek out of the COVID-19 recession, there’s been a pop in freight demand, particularly on the spot market, since late May. In recent weeks, freight demand has sprang back to life and started to build momentum, shaking off the shockwaves of the COVID-19 outbreak …

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Omnitracs, McLeod Software extend partnership

Article written by David Sickels Omnitracs, LLC has announced an integration with McLeod Software. The integration with the McLeod LoadMaster transportation management system (TMS) will enhance the interoperability of the Omnitracs One platform, the company says. The company says the Omnitracs One platform was designed with a flexible, open API ecosystem that ensures that customers have access …

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