Despite challenges, ATBS finds many drivers received stimulus funds, and few have had to stretch safety regulations. Trucking line owner-operators say their greatest business hurdles during pandemic conditions have been freight rates and load volumes, according to a survey conducted by transportation industry consulting and bookkeeping firm American Truck Business Services (ATBS). According to the survey, freight […]
Article written by Mindy Long helivideo/Getty Images [Ensure you have all the info you need in these unprecedented times. Subscribe now.] As the coronavirus pandemic took hold, it disrupted freight demand in many segments of the economy, forcing some carriers to furlough drivers while others were quick to hire those furloughed drivers as a way to
Article written by Andrew Cox This week’s DHL Supply Chain Pricing Power Index: 75 (Carriers) Last week’s DHL Supply Chain Pricing Power Index: 65 (Carriers) Three-month DHL Supply Chain Pricing Power Index Outlook: 60 (Carriers) The DHL Supply Chain Pricing Power Index uses the analytics and data contained in FreightWaves SONAR to analyze the market and estimate the negotiating power for
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