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Commentary: Combine optimization, machine learning and simulation to move freight

By Support / 2020-07-17 2020-09-13

Article written by Brian Aoaeh The next level of artificial intelligence The views expressed here are solely those of the author and do not necessarily represent the views of FreightWaves or its affiliates. Author’s Disclosure: I am not an investor in Optimal Dynamics, either personally or through REFASHIOND Ventures. I have no financial relationship with …

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XPO Logistics wins contract to build warehouse and distribution network for Greene King

By Support / 2020-07-17 2020-09-13

Article written by David Edwards XPO Logistics has been selected by pub retailer and brewer Greene King to manage dedicated warehousing and distribution for Greene King’s secondary drinks channel. XPO will provide innovative logistics services from five warehouses distributing to retail pubs and restaurants, including Pub Partner independent licensees and on-trade trade customers. UK-based Greene King …

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J.B. Hunt Transport Services, Inc.'s (JBHT) CEO John Roberts on Q2 2020 Results – Earnings Call Transcript

By Support / 2020-07-17 2020-09-13

J.B. Hunt Transport Services, Inc. (NASDAQ:JBHT) Q2 2020 Earnings Conference Call July 16, 2020 5:00 PM ET Company Participants Brad Delco – Vice President of Finance and Investor Relations John Roberts – Chief Executive Officer John Kuhlow – Interim Chief Financial Officer Darren Field – President of Intermodal Shelley Simpson – Chief Commercial Officer Nick Hobbs – …

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The quest for rates transparency: How carriers can leverage data to come out ahead

By Support / 2020-07-17 2020-09-13

Article written by Aaron Huff This is the second installment of a two-part series on how the free market responded to the COVID-19 crisis. Part 1 explored pricing volatility experienced by carriers, 3PLs and shippers. This article delves into the hot-button issue of rate transparency. When negotiating rates, shippers, 3PLs and carriers have access to the same …

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J.B. Hunt discloses 2Q profit of $121M

By Support / 2020-07-17 2020-09-13

Article written by Nathan Owens Graphs showing J.B. Hunt second quarter information. J.B. Hunt Transport Services Inc. on Thursday reported a second quarter profit of $121.7 million, down 9% from a year ago. Despite challenges experienced at the start of the quarter ending June 30, results beat Wall Street’s expectations. Revenue fell 5% to $2.15 …

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QuikQ fuel-purchase program links to McLeod’s LoadMaster software for streamlined fleet management

By Support / 2020-07-16 2020-09-13

The integration of QuikQ’s fueling solutions and McLeod Software’s LoadMaster Enterprise provides a centralized interface for streamlined operations. FRANKLIN, Tenn., and BIRMINGHAM, Ala. — QuikQ LLC, a provider of fuel cards and cardless fueling solutions, now features an upgraded interactive interface with McLeod Software’s LoadMaster Enterprise dispatch software. “QuikQ understands the importance of automation and …

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Uber Looks At $500M Investment In Freight Division, Report Says

By Support / 2020-07-16 2020-09-13

Uber is said to be in talks with investors to take stake in its freight business and raise $500 million to boost it to a value of $4 billion, according to Bloomberg. The company was mum about the issue thus far. An Uber spokesperson said that while it was “not unusual for us to receive interest for …

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Post-July 4th rates climb while lockdowns loom

By Support / 2020-07-16 2020-09-13

Article written by Corrie White Extended Carrier Update with insights from industry experts at PowerFleet and FreightWaves The post-July Fourth trough didn’t stay for long, as tender rejection rates have climbed back to 15.9%. While this is good news for carriers, consumer spending remains cushioned only temporarily by unemployment checks, which extend only until July …

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Annual ‘Trucking Trends’ report shows industry’s dominance of U.S. freight

By Support / 2020-07-16 2020-09-13

‘ATA American Trucking Trends 2020’ shows that 80% of freight is moved by truck in the U.S. The annual data report by the American Trucking Associations went on sale this week. Before the COVID-19 pandemic took over the U.S. economy, the trucking industry was rolling, according to data compiled in the American Trucking Associations’ “ATA American …

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Owner-operators, some already forced to switch ELD providers, stare down turbulent e-log market

By Support / 2020-07-16 2020-09-13

Article written by James Jaillett As the number of ELD vendors narrows, some industry observers and owner-operators wonder if FMCSA’s registry of self-certified electronic logging devices can remain current and accurate. Those questions are explored in the second part of this series at this link. By the end of August, independent owner-operator Alipio Montano will be …

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