Descartes Systems Group has bought another logistics and transportation company. The Waterloo, Ontario-based logistics and technology company announced it acquired BestTransport.com Inc., a cloud-based transportation management system provider focused on flatbed-intensive manufacturers and distributors. Descartes acquired Columbus, Ohio-based BestTransport.com for $11.2 million using its existing line of credit, the company said in an Aug. 21 […]
Descartes Systems Group has bought another logistics and transportation company. The Waterloo, Ontario-based logistics and technology company announced it acquired BestTransport.com Inc., a cloud-based transportation management system provider focused on flatbed-intensive manufacturers and distributors. Descartes acquired Columbus, Ohio-based BestTransport.com for $11.2 million using its existing line of credit, the company said in an Aug. 21
Rapid e-commerce growth has ushered in new final mile methods and technologies, like Udelv’s autonomous delivery. (Seth Clevenger/Transport Topics) [Stay on top of transportation news: Get TTNews in your inbox.] The inexorable growth of e-commerce and rising consumer expectations are quickly elevating the cost and complexity of final-mile delivery. To remain competitive in this time
Transfix, a digital freight marketplace, has expanded its product suite with the Transfix Factoring Program powered by BAMFi. The program is designed to unlock money for carriers upfront at a rate of 0.99% for loads completed with Transfix, along with access to an online cash flow management tool. To celebrate the launch, Transfix is offering
Freight Brokers Within the transportation marketplace, brokers provide a myriad of services. Brokers fill the gaps between shippers, owner-operators, and draymen. Brokers also assist shippers and trucking companies with resource and technology-constraints. In addition, brokers help cover capacity shortfalls and often provide ancillary services like transportation management outsourcing. Like everyone else, brokers want to make
Nigerian digital freight marketplace startup Kobo360 raised $20 million in a Series A funding round led by Goldman Sachs while pocketing another $10 million in working capital financing from Nigerian commercial banks. Kobo360 is one of the most recognized FreightTech players in Africa, revolutionizing a cacophonic market riddled with several inconsistencies. Kobo360 began its journey
Transfix chief operating officer Lily Shen has added president to her title. The digital freight marketplace announced Shen’s promotion on August 14. Prior to joining New York City-based Transfix about two years ago, Shen spent nearly 20 years in Silicon Valley. She was the executive director of mobility and advanced technology for IDEO for a
In June, Starsky Robotics performed the first fully unmanned test on a public highway with real traffic. (Starsky Robotics/YouTube) [Stay on top of transportation news: Get TTNews in your inbox.] Loadsmart and Starsky Robotics said the companies have automatically dispatched an autonomous truck to haul freight. The truck was successfully priced, tendered and booked via
Uber Technologies Inc. (NYSE: UBER) second quarter 2019 report probably won’t receive the accolades garnered by its ride-hailing competitor, Lyft (NYSE: LYFT). Uber’s second quarter as a public company saw a loss of $5.2 billion (closer to $1 billion excluding stock-based compensation and one-time driver awards), or $4.72 per share, which was much worse than
Cargo Chief, formerly a tech-enabled broker that has since sold off that part of its business, announced the release of the latest version of what it calls its C4 platform — version 2.0 it pitches to brokers as “the most complete and informative database of trucking carrier lane preferences and availability in the OTR (over-the-road)