Will the hot investing cycle in FreightTech cool? Much has been written and discussed regarding the venture capital (VC) cycle by commentators, columnists and bloggers, while Twitter has blown up with discussions about whether venture investing is about to collapse. People closer to the industry, including industry executives, journalists, and/or sell-side equity analysts attached to […]
Industry Articles
Convoy booth at an industry show by John Sommers II for Transport Topics [Stay on top of transportation news: Get TTNews in your inbox.] Digital freight broker Convoy launched direct-from-shipper loads nationwide, a feature intended to provide carriers access to 10 times the amount of spot freight from America’s largest shippers. Convoy connects carriers to shippers
Glen Mills, PA – Pilot Freight Services (Pilot), a worldwide provider of transportation and logistics services, introduces Pilot Truck Brokerage, the newly rebranded brokerage service based in Pilot San Diego formerly known as A & O Logistics. Pilot Truck Brokerage utilizes Tech Suite, which enables customers or operators to shop full truck load pricing in
Convoy booth at an industry show by John Sommers II for Transport Topics [Stay on top of transportation news: Get TTNews in your inbox.] Digital freight broker Convoy launched direct-from-shipper loads nationwide, a feature intended to provide carriers access to 10 times the amount of spot freight from America’s largest shippers. Convoy connects carriers to
Much like the road freight industry in the U.S., its European counterpart suffers from similar issues with fragmentation and low visibility into logistics operations, brought about by the lack of digitalization across large swathes of the market. Through its customs regulations, the European Union has done away with the need for border customs by enabling
InstaFreight solves road freight visibility issues through digitalization (Photo: Shutterstock) Much like the road freight industry in the U.S., its European counterpart suffers from similar issues with fragmentation and low visibility into logistics operations, brought about by the lack of digitalization across large swathes of the market. Through its customs regulations, the European Union has
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
Relocating oversized construction equipment poses the twin challenges of finding someone to haul the equipment and figuring out how to load it. VeriTread Founder and CEO Jeff Cox has made it his mission to simplify that process. Cox gave insights on his company’s role in the heavy-haul transport industry with FreightWaves CEO Craig Fuller on
© Snowingg | Dreamstime.com By Cathy Morrow Roberson 25/10/2019 Managing orders and assets in a transparent, real-time and predictive manner are the basics of a number of digital freight marketplaces that have emerged in the past few years. Locating capacity, either accepting a set rate or bidding on a rate, tracking the freight in real time
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.