The “sharing economy,” loosely defined as peer-to-peer transactional systems for goods and services, has upended traditional industries across the globe. Last month, rideshare industry giant Uber launched its long-awaited Uber Freight, bringing with it the potential for disruption in the way carriers and owner-operators bid on and move freight in the future. Before you turn […]
Industry Articles
The trucking and logistics industry has been inundated by well-funded startup brokerage firms. Many have developed software that makes freight and capacity available to carriers and shippers on-demand. On-demand freight models seek to remove the role of an intermediary in freight transactions. Some refer to this “de-intermediation” movement as the “Uberization of trucking.” In theory, technology should make it as easy
McKinsey identifies areas of concern for trucking and rail professionals Just when everyone thought the industry was done with talk of revamping the North American Free Trade Agreement (NAFTA), President Donald Trump sent official notice to Congress of his intent to renegotiate key parts of the trade deal. A surprise? Not really, since that was
If it seems that freight brokerage – both digital and traditional services – are popping up on a daily basis, it could be because they are, or it at least it seems that way. Digital freight matchers (DFMs) include familiar names such as J.B. Hunt 360, Convoy, CargoMatic, Haulfox, Transfix, HaulHound and Freight Rover. Most
It basically goes without saying that changes are coming in regards to the frenetic pace of technological innovation in the world of truckload brokerage. Last week’s news that Uber has officially become a player in the space, with the introduction of its Uber Freight app, created a ripple effect of sorts. Where was this ripple
Electronic logs and fleet telematics provider KeepTruckin is planning its next moves following an additional $18 million in Series B funding, led by Scale Venture Partners and existing investors GV (formerly Google Ventures) and Index Ventures. KeepTruckin began in 2013 with a free app for drivers to track hours-of-service logs on Android and iPhone devices.
“Uber for trucking,” long considered a freight-matching unicorn, has come to a kind of fruition, with the ride-sharing giant today unveiling Uber Freight, a matching app aimed at the owner-operator market with a focus on dry van and reefer loads. The unveiling comes as one of the company’s other futuristic initiatives, its autonomous vehicle development
While it has been anticipated for a while, ubiquitous ride-sharing service Uber said this week it has officially entered the freight transportation arena, specifically truckload brokerage, with the introduction of Uber Freight. In a blog posting, Eric Berdinis, Uber Freight product manager, wrote that Uber Freight is an app that matches trucking companies with loads
Ride-sharing giant Uber has slowly been working its way into trucking for more than a year. Last June, the company acquired autonomous trucking up-start Otto, whichwas expected to help give rise to Uber’s long-haul trucking business Uber Freight. Uber CEO Travis Kalanick told Business Insider in an interview last year that the company was absolutely “getting
J.B. Hunt Transport Services Inc. announced it will spend $500 million over the next five years to enhance its operating systems, develop cloud infrastructure and create what it said would be “innovative and disruptive technologies” for use in its supply chain. To achieve that, J.B. Hunt has doubled its engineering and technology staff to 1,000.