Descartes Acquires BestTransport.com

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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 […]

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Descartes Acquires BestTransport.com – Jim Stinson | Transport Topics – Staff Reporter

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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 Acquires BestTransport.com – Jim Stinson | Transport Topics – Staff Reporter Read More »

Retailers, Private Fleets Expand Delivery Options to Keep Pace With E-Commerce Demand – Seth Clevenger | Transport Topics – Managing Editor, Features

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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

Retailers, Private Fleets Expand Delivery Options to Keep Pace With E-Commerce Demand – Seth Clevenger | Transport Topics – Managing Editor, Features Read More »

Transfix offers load factoring at 0.99% rate Aaron Huff| CCJ – @AaronHuffCCJ

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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

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Freight Brokers vs. Shippers’ Agents

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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

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Nigerian digital freight marketplace Kobo360 raises $20 million – FreightWaves – Vishnu Rajamanickam, Staff Writer

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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

Nigerian digital freight marketplace Kobo360 raises $20 million – FreightWaves – Vishnu Rajamanickam, Staff Writer Read More »

Transfix promotes Lily Shen to president – FreightWaves – Kim Link-Wills

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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

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Loadsmart, Starsky Robotics Dispatch Autonomous Truck Automatically – Transport Topics

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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

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Updated: Revenue and losses climb at Uber Freight – FreightWaves – Todd Maiden

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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

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Cargo Chief focuses on carrier-broker automation with new C4 platform Todd Dills| CCJ – @Channel19Todd

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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)

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