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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 […]

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 […]

Cargomatic rebuilds executive team in spirit of innovation – FreightWaves – Ashley Coker, Editor

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 […]

FreightWaves Freight Intel Group researches “everything freight and logistics” – FreightWaves – Scott Mall, Managing Editor of Copy

As another service of FreightWaves SONAR, the Freightwaves Freight Intel Group was launched recently and is publishing in-depth research on “everything freight and logistics,” as Senior Research Analyst and team member Seth Holm described the Group’s mission. “We will be doing deep dives into topics that are most important to our industry, the inner workings […]

Where’s My Technology? How the Digital Brokerage Evolution Is Upending Traditional Technology Expectations, Strategies, Choices and Approaches – FreightWaves – Fergus Caldicott

Truckload freight capacity is the most highly fragmented, difficult-to-manage market segment in the transportation industry. Some 80 percent of available over-the-road truckload capacity is provided by hundreds of thousands of single-truck owner-operators and micro-carriers with 9 trucks or less. Because of this fragmentation, it’s also a market that has defied a single, over-arching technology solution. […]

Tech Investor Iconiq Buys Majority Share of Truckstop.com – Transport Topics – Jim Stinson | Staff Reporter

Truckstop.com A private equity firm known for investing in tech companies such as Uber and SurveyMonkey has made a significant investment in Truckstop.com, an Idaho-based load board and freight-matching service, continuing the trend of private investment dollars flowing into trucking tech firms. Truckstop.com and Iconiq Capital, a tech-focused investment firm in Palo Alto, Calif., made […]

Don’t Get Left Behind in the Digital Brokerage Revolution: Strategies for Success – FreightWaves – Fergus Caldicott

There’s an old adage in the tech industry: adapt or die. The same could be said for today’s freight brokerage industry, which is undergoing disruptive change unlike any seen in recent memory. Both scope and speed of change are challenging today’s brokers to effectively adapt, but what is the path to success? What decisions do […]

Load-matching app downloads and stickiness leaderboard released by CarrierLists – FreightWaves – John Paul Hampstead, Associate Editor

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 […]

App-Enabled Freight Platforms Help Small Carriers Find Loads, Boost Efficiency – Transport Topics – Mindy Long

The Uber Freight app provides drivers with upfront load pricing and quick payment, the company says. (Uber Freight) Large fleets typically have been the first to benefit from the spread of technology in trucking, but digital freight brokers are working to extend some of the same advantages to smaller carriers and independent drivers. Companies such […]

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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