Logistics Management’s Jeff Berman recently caught up with UPS Freight President Rich McArdle on a wide variety of topics, including LTL pricing, regulations, and what needs to happen to improve transportation infrastructure. A transcript of their conversation follows below. Logistics Management: How do you view the general state of the freight economy as it relates […]
The business consulting firm Frost & Sullivan released the results of its new study of trucking-as-a-service (TaaS) and digital freight brokerage this week. From an estimated current size of $11.2 billion, Frost & Sullivan expects TaaS to grow to $79.4 billion by 2025. Digital freight brokerage will account for the lion’s share of this market—Frost
VANCOUVER, B.C., March 01, 2019 (GLOBE NEWSWIRE) — LiteLink Technologies Inc. (CSE:LLT) (OTC:LLNKF) (“LiteLink”), a key player Logistics & Payment Systems with Artificial Intelligence is opening their flagship digital payments division through one of its wholly-owned subsidiaries. uBUCK Technologies SEZC (“uBUCK Tech”) will be located in Tech City Cayman, a special economic zone by Cayman
SANTA CLARA, Calif., Feb. 28, 2019 /PRNewswire/ — The surge in service- and solution-based revenue streams following the rise in digital transformation, autonomous trucking, urban trucking, platformization, and dealership evolution is expected to propel the $11.2 billion Truck-as-a-Service (TaaS) market toward $79.42 billion in 2025. Digital freight brokerage is likely to be the biggest market segment
Grant Crawford has been promoted to President at Emerge, the Leto brothers’ third and current freight tech startup. Crawford began his career in logistics in 1991 as a package handler for FedEx Ground when it was just getting started and eventually rose to VP of international operations, overseeing the company’s expansion into Canada. Andrew and
Delivery firm Roadie Inc. said today it has landed $37 million in funding from an investor group that includes retailing giant The Home Depot, Inc., (NYSE:HD) one of Roadie’s customers. The round, which brings Roadie’s total funding to $62 million, is unusual because retailers, and especially customers of their delivery vendors, typically shy away from
Roadie’s new funding round comes with an orange twist – FreightWaves – Mark Solomon Read More »
FreightWaves founder and CEO Craig Fuller at marketwaves18. photo credit: FreightWaves/josh roden FreightWaves closes $20 million Series B funding round FreightWaves, the leading provider of data and news for global freight markets, announced that it has successfully raised $20 million in a Series B financing round, bringing its total funding to nearly $40 million. The
By Erica E. Phillips Crowdsourced delivery company Roadie Inc. has raised $37 million in new funding that includes investment from Home Depot Inc., boosting dollars available for marketing efforts with big retailers and for building out its technology. The Atlanta-based startup has been providing same-day delivery services through its “on-the-way” model, which uses an app
ByErica E. Phillips SoftBank Group Corp.’s Vision Fund is diving into the global freight business, leading a new $1 billion round of funding in Flexport Inc., a six-year-old international shipping broker built by Silicon Valley technology developers. Based in San Francisco, Flexport arranges ocean- and airfreight shipments for retailers and manufacturers—a $2 trillion global business
CarrierLists, a firm that surveys small trucking carriers about their equipment, location and preferred lanes, has published the results of its digital freight brokerage/load-matching app study. In a survey conducted during January 2019, 113 small carriers (three trucks or fewer) answered questions about which load-matching apps they had downloaded and which ones they used on
