McLeod Expands Digital Freight-Matching Software – Transport Topics – Seth Clevenger

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Attendees peruse the exhibit hall at McLeod Software’s 2018 user conference. (Seth Clevenger/Transport Topics) BIRMINGHAM, Ala. — McLeod Software is expanding its digital freight-matching capabilities to help freight brokers and carriers move loads in a more efficient and increasingly automated fashion. The goal, CEO Tom McLeod said, is to quickly provide transportation firms with the […]

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Trucker Tools adds rate negotiation to Smart Capacity platform – CCJ – Aaron Huff| @AaronHuffCCJ

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Trucker Tools has launched new features for its Smart Capacity carrier relationship and capacity management platform. A Digital-Assist Online Price Negotiation streamlines rate negotiations with carriers. Brokers can view and consider multiple trucks for a load, then sort into the best options. With the click of a mouse, the broker can send carrier-specific pricing to

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McLeod Software taking brokers, carriers deeper into freight matching – CCJ – Aaron Huff| @AaronHuffCCJ

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As a farm boy, Clay Murdoch instinctively knows what to do when dew forms on cut hay in fields. As chief executive of Doug Andrus Distributing, he also knows what needs to be done in a hot freight market. “We need to bail hay,” said Murdoch on Monday, Oct. 1, during a breakout session at

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Shippers, 3pls, carriers using new tech to build dedicated freight lanes – CCJ – Aaron Huff| @AaronHuffCCJ

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Increasingly, the trends in transportation technology are being driven by e-commerce and the “Amazon Effect.” Transportation companies are investing in new IT systems to fulfill orders with compressed lead times and higher service requirements. AFN Logistics, a Chicago-based 3PL that specializes in supply chain fulfillment for major retailers, is using technology to thrive in the

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Convoy secures $185 million in Series C funding round – Logistics Management – By Jeff Berman, Group News Editor

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Seattle-based Convoy, a digital freight technology-enabled network, recently announced it secured $185 million in Series C funding. The company said the round of funding was led by the growth equity investment fund of Google’s parent Alphabet City, CapitalG. With this funding, Convoy said that the amount of total capital it has raised now stands at

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Convoy closes $185M Series C to reach unicorn valuation – FreightWaves – John Paul Hampstead, Associate Editor

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Convoy’s founders: CTO Grant Goodale and CEO Dan Lewis. ( Photo: Convoy ) The growth equity investment fund of Google parent company Alphabet, CapitalG, led this round of Convoy’s capital raise, bringing the digital brokerage’s total funding raised so far to more than $265M and a valuation exceeding $1B. As part of the deal, David

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Digital Freight Startup Convoy Raises $185 Million, Surpasses $1 Billion in Value – WSJ – By Erica E. Phillips

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Digital freight-booking startup Convoy raised $185 million in a funding round led by an investment arm of Google parent company Alphabet Inc., GOOG 0.76% adding big new backing for the company competing in an increasingly crowded field trying to reshape U.S. shipping operations. The funding round led by Alphabet’s CapitalG, one of the biggest investments

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Trucking startup Convoy reaches $1B valuation after huge $185M investment led by Google VC arm – Geek Wire – BY TAYLOR SOPER

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After serving 14 years for the Royal Canadian Navy, Ira Lawrence was ready for a new adventure. He and his wife decided to start a trucking company in 2017, but several hurdles nearly caused them to quit before even getting started. But then Lawrence found Convoy, a Seattle startup that developed an app to match

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Chaos is good for third-party logistics providers – FreightWaves – Chris Dupin

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It’s a good time for 3PLs when capacity is tight and supply chains are speeding up.    The global third-party logistics market is on track to exceed $1.1 trillion in 2022. That’s 10 percent of global logistics costs, according to consultants Armstrong & Associates, and a leap from the $802 billion recorded in 2016.   Armstrong

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Goldman Sachs: digital disruptors will compress brokerage margins – FreightWaves – John Paul Hampstead, Associate Editor

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But incumbents can protect their market shares Last week, a Goldman Sachs equity research team led by Matthew Reustle, CFA, released a report titled “Commoditizing Logistics: Assessing ‘Disruptive’ Links in the Supply Chain.” The report was apparently intended to answer investor questions about threats to large logistics incumbents’ margins and market share.  It’s worth noting

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