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Echo Global Logistics Integrates with Blue Yonder’s Dynamic Price Discovery Solution

Solution Built on Luminate Platform Will Provide Echo Shippers with Almost Instant Price and Capacity CHICAGO and SCOTTSDALE, Ariz., Aug. 27, 2020 /PRNewswire/ — Echo Global Logistics, Inc. (NASDAQ: ECHO), a leading provider of technology-enabled transportation management services, has partnered with Blue Yonder, a leading digital supply chain platform provider, to further automate rapid response price quoting and freight capacity […]

Pandemic creates peaks and valleys of demand, transportation execs say

Article written by Ben Ames Echo Global, BluJay say freight networks must adjust to thrive-or-survive conditions. The coronavirus pandemic may have hamstrung the nation’s economy, but as opposed to imposing a unilateral recession, its impact has created broad imbalances in freight capacity, transportation sector leaders say. Even as some sectors are nearly idled by travel […]

Managing through COVID-19: How Echo Global is staying busy, giving back

Article written by Brian Straight With employees working at home, Echo continues moving goods and is assisting clients in critical charitable endeavors Many companies have faced unusual circumstances because of the COVID-19 pandemic. In the trucking and logistics space, though, the challenges have been unique. Considered essential, trucks loaded with goods have still moved, albeit at […]

The ‘Uber for trucking’ tries to navigate some Uber-scale problems – Dina Bass | Oct 29 2019 at 06:00 AM

Amit Sekhri took up trucking in the thick of the Great Recession, drawn in part by the freedom of driving the open roads. He was prepared for long hours and weeks away from home. But two of his biggest—and least expected—gripes were the constant phone calls and late payments. Like many truckers, Sekhri booked his […]

Digital Freight: The Race to Automate Truck Brokerage

Written by Benjamin Gordon In the race to digitize the truck brokerage market, will the winner be an incumbent or a challenger? The upside is enormous. Trucking is a $734 billion market. Truckload and less-than-truckload revenue constitute close to $400 billion. If 20% of that market is outsourced, then truck brokerage spending totals $80 billion. […]

Uber Freight Opens HQ in Chicago With Expansive Plans – Roger Gilroy | Transport Topics – Staff Reporter

A driver looks at the Uber Freight app. (Uber Technologies Inc.) [Stay on top of transportation news: Get TTNews in your inbox.] Uber Freight, the load-matching business unit of Uber Technologies Inc., announced it has opened its new headquarters in Chicago and plans to hire 2,000 employees over the next three years to handle engineering […]

FreightFriend introduces new carrier search feature – FreightWaves – Linda Baker, Staff Writer

Finding reliable, trustworthy transportation partners is a challenge for shippers, brokers, and 3PLs in today’s logistics industry. Search tools currently on the market only allow users to find carriers based on the location of their registered office, resulting in a long list of potential candidates that may or may not run the lane a shipper […]

How much are digital freight brokerages really worth? (Video in source link) – FreightWaves – John Paul Hampstead, Associate Editor

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 […]

Commentary: How digital brokerage has become a “no-code” endeavor – FreightWaves – Charley Dehoney

FreightWaves features commentary from Market Voices – contributors with unique knowledge of numerous transportation/logistics/supply chain sectors, as well as other critical expertise. In the Stone Age of transportation brokerage – the 1980s – technological innovations came in the form of new equipment purchases in an effort to speed up transactions. This might be a second […]

Uber Turns Over Nearly All Freight Revenue to Truckers, Analyst Says – WSJ – By Jennifer Smith

Uber Freight is sharing nearly all the revenue from its digital freight-matching platform with its carriers, according to a Morgan Stanley & Co. analysis that estimates it could be years before Uber Technologies Inc. ’s logistics division generates meaningful profits. Uber’s freight brokerage business launched in 2017 and uses technology to connect truckers with shippers […]

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