If everything goes right, the market cap of all digital brokerages in the United States could total $30 billion in 10 years. The total addressable market for digital freight brokerage is a mere fraction of the size quoted in pitch decks and investment bank research reports, but there’s still plenty of upside for a few […]
Freightera, a Canadian-based digital freight marketplace, plans to go public. CEO Eric Beckwitt confirmed to FreightWaves on August 1 that his Vancouver-based firm is seeking a listing on the TSX Venture Exchange through a process similar to an initial public offering. “Our intention to be a publicly listed company,” Beckwitt said. Freightera is utilizing a
The excessive fragmentation within the trucking market has implications that run deep, with fleets of different sizes looking at issues related to trucking operations from very different perspectives. Big trucking companies, though fewer in number, have long exerted an advantage over small and mid-tier companies by putting together expansive networks and maintaining steady relationships with
Convoy CEO Dan Lewis is giving a tour of the company’s headquarters in downtown Seattle. He points out the stocked kitchens (plural), the 55-person data science team, the P&G Carrier of the Year award and the Ping Pong station, then stops in front of a bulletin board featuring the “Pets of Convoy.” There he pulls
U.S. Trucking Companies Many people don’t realize it, but the majority of U.S. trucking companies are not large organizations like Knight-Swift, J.B. Hunt, and Schneider. In fact, about 97% of carriers in the U.S. operate 20 or fewer trucks (while 90% of those operate with six or fewer trucks). The national economy depends on trucks to deliver
California-based startup Cargomatic competes in the local freight-matching marketplace, using technology to connect drivers and shippers without all the back office red tape. The company has rebuilt its C-suite over the last several months, bringing on new talent in the hopes of propelling itself toward further innovation. The company currently connects drivers and shippers in
Jenny Xu, former chief strategy officer at FreightWaves, has taken a position as chief executive of Carggo, a digital freight platform that serves small- and medium-size third-party logistics companies. In a recent telephone interview, Xu talked about synergies between her former and current employers, freight-tech’s “third wave” and how empathy is a key ingredient for
Over this decade, the freight industry has witnessed a steady queuing up of stakeholders within the market toward digitalizing their workflow, with the hope of improving visibility into operations and end-to-end transparency across supply chains. Though the term ‘digitalization’ is now etched in freight industry rhetoric, it is no more than that – an umbrella
Over this decade, the freight industry has witnessed a steady queuing up of stakeholders within the market toward digitalizing their workflow, with the hope of improving visibility into operations and end-to-end transparency across supply chains. Though the term ‘digitalization’ is now etched in freight industry rhetoric, it is no more than that – an umbrella
Chicago-based transportation management services provider Coyote Logistics, a subsidiary of freight transportation and logistics services bellwether UPS, this week introduced a new program and digital freight platform upgrades to better meet the needs and challenges shippers and carriers are facing. Entitled the Carrier of Choice Program, Coyote officials said that it rewards high-performing carriers with