Truckload Brokerage Operations In recent years, the proliferation of truckload brokerage operations has not been easy to overlook. Its ongoing ascent has been driven by several different factors, including the shipper’s need to manage capacity in a fluctuating market environment, the advent of truckload brokerage-specific technology advances, commonly referred to as the “Uberization” of the […]
With the ostensible proliferation of new players on the trucking scene that say they are essentially an Uber for trucking, it turns out that this description may in fact be a misnomer, according to a recent report issued by supply chain consultancy Armstrong & Associates. In its report, which is comprised of feedback from 27
While Digital Freight Matching (DFM) companies use digital platforms to match a shipper’s freight with available carrier capacity to better utilize motor carrier capacity, the industry is too complex to become an Uber type of business. One of the key components of Uber’s model is the commodity-like nature of the ride-hailing service, explains Armstrong &
Transfix announced $22 million in Series B funding led by new investor New Enterprise Associates (NEA). NY-based Transfix has created an online marketplace for the trucking and logistics industry, providing a platform that matches shipments with available trucks. Several existing investors also participated in the round, including Canvas Ventures, Lerer Hippeau Ventures, and Corigin Ventures.
During the last year or two, a number of companies have developed online platforms that connect all parties involved in freight transactions. Most of these include a mobile app that drivers use to streamline communications with motor carriers, brokers, 3pls and shippers. Drivers with capacity, be they independent operators or small fleet owners, are using these apps to
German logistics provider DB Schenker entered into a partnership with the online freight shipping marketplace uShip for exclusive collaboration in Europe. DB Schenker has entered a five-year partnership with U.S.-based online freight shipping marketplace uShip for exclusive collaboration in Europe. “To keep innovating faster, we partner with companies that use promising digital business models,”
uShip announced a partnership with DB Schenker, one of the world’s largest logistics companies, to power its new ‘Drive4Schenker’ online trucking platform. The platform will be launching later this year as a 5-year agreement worth tens of millions, and is exclusive within Europe. The partnership uses uShip PRO enterprise technology backbone to manage 25,000 approved carriers and
Since 2000, the transportation industry has seen many technology-focused startups come and go. With each failed attempt, investors lost millions of dollars and the industry showed little change because the following fact was overlooked: Successful innovation demands more than just whiz-bang technology; it requires a strong command of operations and a deep understanding of the
A few years ago, it seemed unrealistic for shippers, third party logistics providers or brokers to expect total visibility from all carriers in their freight networks. Large and mid-size carriers probably had the technology to provide shipment visibility. Small carriers, however, traditionally have lacked onboard computers and software needed to automate an electronic data interchange (EDI) process and stand on
Logistics Management Group News Editor Jeff Berman recently caught up with Kevin Abbott, vice president North American Surface Transportation, Truckload at C.H.Robinson (pictured below). In a wide-ranging interview focused mainly on the truckload brokerage market, Abbott and Berman talked about industry trends, volumes, technology, and pricing, among other topics. A transcript of the interview follows