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Uber Invests $200 Million to Expand Freight Trucking – Supply Chain 247 – By 24/7 Staff

Uber & Uber Freight Investment As reported by The Verge, Uber will invest $200 million and hire thousands of engineers to bolster its two-year-old long-haul trucking venture, Uber Freight, the company announced today. It’s a huge vote of confidence in Uber’s growing freight division, even as Uber’s overall business continues to hemorrhage billions of dollars every […]

Taking aim at Big Ag – FreightWaves – Linda Baker, Staff Writer

As Walmart (NSYE: WMT), Amazon (NASDAQ: AMZN) battle for dominance in the online grocery wars, a growing number of tech-enabled startups are taking a different approach, aiming to disrupt the conventional food supply chain by using logistics platforms to connect shoppers directly with local farmers and producers. Portland-based MilkRun, for example, seeks to make buying […]

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

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 […]

2019 Truckload Brokerage Roundtable: Market calms, but strength persists – by Jeff Berman, Logistics Management – Group News Editor

A year ago at this time, it was widely stated that trucking market conditions were booming due to heightened demand, tight capacity and a strong economy. Today, while it may not be operating at the same elevated levels, the market remains strong overall, even though rates have taken a step back, capacity has loosened and […]

Convoy Creates Method for Drivers to Book Multiple Loads at Once – Roger Gilroy | Transport Topics – Staff Reporter

Convoy booth at MATS by John Sommers II for Transport Topics [Stay on top of transportation news: Get TTNews in your inbox.] Digital freight broker Convoy announced Automated Reloads, an app-based program that allows drivers to book multiple loads of freight at one time. The move comes as the industry is paying greater attention to […]

Lanehub to Reward Shippers for Helping Fleets Secure Backhauls – Transport Topics – Seth Clevenger | Managing Editor, Features

Anheuser-Busch items in a warehouse. (Luke Sharrett/Bloomberg News) [Stay on top of transportation news: Get TTNews in your inbox.] Lanehub, a provider of freight lane matching services, said it will soon begin providing financial incentives to shippers that help their contract carriers find backhaul opportunities with other shippers in its collaborative freight network. This benefit-sharing […]

Fr8Hub launches U.S.-Mexico digital freight marketplace – Logistics Management – By Jeff Berman, Group News Editor

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 […]

FreightWaves secures $20 million in Series B funding from corporate and strategic investors – FreightWaves Staff

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 […]

MarketWaves18 Demo Day Round 2 – FreightWaves

Round two of Demo Day saw some strong tech contenders. Cutting-edge freight tech startups and innovators give an intimate live product demo on the latest technologies changing the industry. The second round of ten live technologies demonstrations at MarketWaves18 included collaborative, blockchain-based logistics platforms, software that integrated directly into devices onboard a truck, and AI […]

Digital Freight Startup Convoy Raises $185 Million, Surpasses $1 Billion in Value – WSJ – By Erica E. Phillips

Digital freight-booking startup Convoy raised $185 million in a funding round led by an investment arm of Google parent company Alphabet Inc., GOOG 0.76% adding big new backing for the company competing in an increasingly crowded field trying to reshape U.S. shipping operations. The funding round led by Alphabet’s CapitalG, one of the biggest investments […]

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