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 […]
2020
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
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
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
As the digital freight-matching process unfolds in real time, it brings a lot of transparency to the rates for both sides of the shipping equation.Photo: Deborah Lockridge DAT Solutions announced a pilot program for a suite of new rate forecasting and market analysis tools in January ahead of a commercial launch in April. In this
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
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
What will we gain from digital freight settlement? Think about no more EDI messaging costs or pre-audit and post audit fees. The list of key documents that must be verified and executed in an international shipment includes a commercial invoice, the bill of lading, Customs documents, drayage and the domestic bill of lading. On top
“If a tree falls in a forest and no one is around to hear it, does it make a sound?” is a philosophical thought experiment that raises questions regarding observation and perception, according to Wikipedia. In a nutshell, this philosophical question forces us to think deeply about perceived existence. If we believe something is a
One Network Enterprises has introduced its Global Logistics Gateway (GLG) 3.2 with its integrated digital freight brokerage network, Market Maker, and real time tracking through its Telematics Network. One Network Enterprises has introduced its Global Logistics Gateway (GLG) 3.2 with its integrated digital freight brokerage network, Market Maker, and real time tracking through its Telematics