Article written by Richard Howells Mature woman getting package from delivery person during pandemic. Courier guy delivers parcel to a woman at home during quarantine. GETTY The pandemic has had a huge – and visible – impact on supply chains. From images of panicked shoppers and empty shelves to the well-documented shortages of personal protective […]
Article written by Todd Maiden 2020 earnings guidance of $2.15 to $2.30 higher than pre-pandemic guide The streak of truckload (TL) carriers outperforming second quarter earnings estimates continues with the nation’s largest carrier, Knight-Swift Transportation Holdings Inc. (NYSE: KNX) reporting adjusted earnings per share of $0.57, well ahead of the consensus estimate of $0.35. The
Article written by Biju Kewalram Chief Digital Officer at one of the world’s leading logistics companies, Agility. GETTY Traditional supply chains face challenges at every step. Deliveries are vulnerable to delays, theft and spoilage, and issues are not always apparent until goods arrive at their destination (or fail to). With entire shipments routinely at stake, the
Article written by Emon Reiser An artificial intelligence-powered platform for small trucking companies has raised $4.5 million in seed capital. Miami-based SmartHop announced the close of the early funding round, led by New York-based Equal Ventures. New York-based Greycroft and Fort Lauderdale-based Las Olas VC joined the raise, along with industry veterans and strategic angel
Digital freight management tool will automate load booking and streamline workflow for owner-operators and small fleets, firms say. Vehicle rental and leasing giant Ryder System Inc. said today that its freight brokerage division has chosen the Trucker Tools LLC digital freight management platform to support its carrier engagement and digital process automation efforts, with a
Article written by Jack Glenn Metrics play a key role in monitoring the success of any sized brokerage. MoLo Solutions CEO Andrew Silver and Arrive Logistics CEO Matt Pyatt reflected on the metrics that mattered most as their companies transitioned throughout the growth process during the FreightWaves 3PL Summit on Tuesday, July 21. Initial metrics:
Article written by Linda Baker “We can now serve all importers, not just the 1%” Mercado Labs, a Dallas-based technology startup that helps small and mid-size importers manage the complexities of international trade, has closed a $2.5 million funding round led by Ironspring Ventures and joined by new investor Supply Chain Ventures. Founded in 2018, Mercado’s
The Mumbai-based digital freight forwarder will leverage TradeLens’ solutions to accelerate secure digitization in ocean logistics Shipwaves, an industry-leading digital freight forwarder has joined Maersk-IBM developed TradeLends platform. The association between the front-running blockchain-powered supply chain solution provider and digital freight forwarder is aimed at accelerating the digitization of the ocean logistics space, especially in India and
Article written by Aaron Huff CCJ Innovators profiles carriers and fleets that have found innovative ways to overcome trucking’s challenges. If you know a carrier that has displayed innovation, contact CCJ Editor Jason Cannon at jasoncannon@randallreilly.com or 800-633-5953. While on vacation this spring, Bonnie Ramsay was visualizing and connecting the dots of an electronic proof-of-delivery process in her mind.
Article written by Brian Straight XPO’s chairman and CEO said more efforts will be made to address racial equality Brad Jacobs, chairman and CEO of XPO Logistics (NYSE: XPO), is committed to improving the diverse culture XPO is striving to build for its employees, but doing so requires listening to employees, he said during the