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 […]
Stephens talks to TPP and concludes: Spot rates likely to rise Read More »
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
Covenant Transportation Group Announces First Quarter Financial and Operating Results Read More »
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
Uber Freight head: API requests for market pricing up 150% during pandemic (with video) Read More »
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
Shipping group promotes standardized e-bill of lading Read More »
Article written by Chris Gillis Supply chain management solutions provider said it has shippers covered no matter where and how their cargo is transported throughout the world. Supply chain management solutions provider project44 on Tuesday, May 19, said shippers will now have visibility to their global airfreight, groupage, and ocean container activities no matter where in the
project44 adds air, ocean freight visibility to platform Read More »
(RTTNews) – FedEx and Microsoft said they have entered into a multi-year collaboration that aims to improve the supply chain visibility for businesses by combining FedEx’s logistics network and Microsoft’s cloud service. FedEx and Microsoft launched FedEx Surround, their first solution resulting from the collaboration. The two companies intend to provide multiple joint offerings powered
FedEx, Microsoft Launch FedEx Surround To Improve Supply Chain Visibility Read More »
Spot rates rose the week of May 11-17, according to information released by DAT. According to information released by DAT on May 19, spot market metrics continued their upward trend the week of May 11-17, with ratios on the DAT One network climbing in response to seasonal demand. As some states attempt to return to
Spot rates rise as number of available trucks drops Read More »
Article written by Todd Dills If you’re a client of factoring service OTR Capital, there’s a going to be a new avenue toward the freight universe available from brokers participating in Trucker Tools‘ load matching engines. The integration’s of a piece of with what OTR Vice President and Director of Operations Grace Maher told me last week
New partnership harnesses factoring, freight tools Read More »
San Francisco: Two of Amazon’s major rivals — FedEx and Microsoft – have joined forces for new near-real-time analytics into shipment tracking, which will drive more precise logistics and inventory management. The new multiyear collaboration will help transform commerce by combining the global digital and logistics network of FedEx with the power of Microsoft’s intelligent cloud,
FedEx, Microsoft team up against Amazon for shipping solutions Read More »
Article written by John Paul Hampstead Uber Technologies (NYSE: UBER) has laid off 3,000 more employees and closed 45 more offices, the Wall Street Journal reports, just after a first round of layoffs that totaled more than 3,700 employees. CEO Dara Khosrowshahi wrote in an email to employees that Uber was “making really, really hard choices right now,”
Uber ‘re-evaluating’ non-core units like freight, WSJ reports Read More »
