Many of the inefficiencies that ail the freight hauling industry find their roots within the market’s prevailing opacity; a majority of the interactions between freight brokers and carriers never get recorded – digitally or otherwise. This disconnect in information makes it a tiresome process, with freight brokers needing to rely on tribal knowledge and inadequate […]
Laredo, Texas-based Fr8Hub, a cloud-based over-the-road freight marketplace focused on United States-Mexico cross-border shipping, recently announced it has rolled out the 2019 version of its cross-border offering. Established in July 2017 Fr8Hub said that the focus of its digital freight marketplace is on directly matching cross-border shippers throughout Mexico and the U.S.—to and from border
After a decade since the launch of Uber Technologies Inc. (formerly UberCab 2009-11), the public is finally getting to own a piece of the cab-hailing giant. Uber (NYSE: UBER) opened its trading today on the floor of the New York Stock Exchange, with an initial public offering (IPO) price of $45 per share — finally
The ability to gather data and find new uses for it is changing marketplaces dramatically, and trucking is no exception, said David Rowan, a keynote speaker Wednesday at Transparency19 in Atlanta. Rowan is editor-at-large and founding editor of Wired magazine’s U.K. edition. He’s recently published a book, “Non-Bullshit Innovation: Radical Ideas from the World’s Smartest
FreightWaves is providing a forum – Market Voices – for a number of market experts. Brian Laung Aoaeh writes about the reinvention of global supply chains, from the perspective of an early-stage technology venture capitalist. He is the co-founder of REFASHIOND Ventures, an early-stage venture capital fund that is being built from the ground up
Companies like Lyft, Airbnb, and Kickstarter use technology platforms to connect customers with service providers. And that same concept has made its way to the trucking markets, where companies like Convoy, Transfix, Uber Freight and Loadsmart are using algorithms to pair carriers with shippers who need their loads delivered. This is no passing fad either.
Cart Before the Horse: Digital Freight Matching, A.I. and Machine Learning for Freight 5/8/2019 Strategy and Innovation Technology Technologies are assisting to automate tasks that require lots of repetition and grunt work, allowing people to focus on tasks that require a human touch. In the case of brokerages, it would be impossible for their carrier
Companies who operate in the rapidly digitizing supply chain need game-changing technology that will make their operations more efficient, faster, and smarter. The pace of change in freight is heating up. A renewed wave of competition — perhaps the most profound since trucking was deregulated in 1980 — is forcing companies in the space to
A driver uses the Uber Freight app to check load availability. (Aether Films) Enterprise software firm SAP and load-matching app developer Uber Freight have partnered to connect their shipper and carrier networks in an effort to improve supply-chain efficiency. Through Uber Freight’s integration into the SAP Logistics Business Network, shippers will be able to access
J.B. Hunt, the fourth largest trucking company in North America, announced on Monday a new trailer pool program and drop-and-hook service dubbed J.B. Hunt 360box. Launching this summer, 360box will introduce a pool of 500 additional 53-foot trailers that businesses can reserve for drop trailer purposes, with plans to accelerate the number of available units