The Maersk McKinney Moller, the first of Maerk’s Triple-E class of mega-ships. But ocean shipping struggles with flat rates, over-capacity and higher fuel costs. Maersk saw its quarterly profit weaken year-on-year as freight rates remain stagnant and fuel prices rise. In response, the world’s largest container line plans to reduce capacity over the next 12 […]
Digital Freight Matching and It’s Revolution in the Trucking Industry Stagnancy has some of the severe problems with the technology. They can’t get entirely being with each other; whenever the industry goes on being stagnant, technology starts initiating the changes which help the wholesome to work smoother and deliver the knockout blow to its arch
The rate pendulum has been in the corner of motor carriers in 2018 and will likely stay put through 2019. The DAT North American Freight Index, a monthly measure of demand for spot market freight, shows that rates peaked in June at 18 percent above the same time last year, and then dipped slightly in
Ryan Transportation Service, a large third-party logistics (3PL) provider, has selected Trucker Tools for its load matching, capacity management and shipment visibility software services. Overland Park, Kansas-based Ryan Transportation is a national 3PL firm with supply chain, freight brokerage and transportation management services for the food & beverage, chemical, building materials, construction, packaging and oil
Lanetix, a San Fransisco-based startup that was seeded by investment from Salesforce.com, announced a new Customer Relationship Management (CRM) suite developed exclusively for asset-owning trucking firms and freight brokerages. The new suite, LxRoadFreight, was designed to enable transportation companies to compete against “big disrupters” in the industry like Uber Freight, said John Golob, president of
(Photo: Shutterstock) ghTrack will be integrated into Cargo Chief’s data streams alerting brokers and transport companies about empty trucks in specific areas that are ready to drive a load Supply chain data aggregation firm GateHouse Logistics and 3PL technology provider Cargo Chief yesterday announced a partnership that could see a nationwide network of more than
No matter who you talk to about the trucking market, one thing is very clear: market conditions just may be the best that they’ve ever been. There are a host of reasons for this, including strong demand, tight capacity and a growing economy. What’s more, the truckload brokerage market, a segment that continues to see
I am currently finishing up my latest market study on global transportation execution and visibility systems solutions. Transportation Execution Solutions (TE) allow shippers to connect to multiple carriers and then tender, track, and pay in the system. Visibility solutions allow real-time asset tracking across the entire distribution network. This enables improved estimated arrival times of
Data scientists at Amazon and other e-commerce sites are experts at configuring algorithms to mine the search and purchase histories of consumers to recommend new products. Motor carriers are experiencing a similar phenomenon from some freight brokers and third-party logistics providers (3pls). Loads matching their present and future needs are being offered through apps, websites
Trucker Tools and HighJump announced an integration of Trucker Tools’ Smart Capacity freight-matching application suite with the Prophesy Dispatch transportation management system. Smart Capacity is a cloud-based software platform that connects drivers, fleets, freight brokers and logistics providers in a single confidential network. It has workflows and tools that accelerate the process of finding and securing truck capacity,