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Volume faucet on full blast but rates still a dribble (Video in Source)

Article written by Andrew Cox This week’s DHL Supply Chain Pricing Power Index: 30 (Shippers) Last week’s DHL Supply Chain Pricing Power Index: 25 (Shippers) Three-month DHL Supply Chain Pricing Power Index Outlook: 50 (Balanced) The DHL Supply Chain Pricing Power Index uses the analytics and data contained in FreightWaves SONAR to analyze the market and estimate the negotiating power for […]

ArcBest sees trends rebound during May

Article written by Todd Maiden Rating upgrade moves stock 10% higher In a filing with the U.S. Securities and Exchange Commission, ArcBest Corp. (NASDAQ: ARCB) reported sequential improvement during the month of May, supportive of recent industry commentary suggesting that the less-than-truckload (LTL) market may have bottomed in April. The Fort Smith, Arkansas-based logistics provider reported a 22% year-over-year consolidated […]

Werner adds predictive freight matching with Trucker Tools platform

Article written by Brian Straight Carrier is also using shipment visibility, automated booking and document capture tools Continuing a trend that has seen major truckload carriers adopt flexible technology tools, Werner Enterprises (NASDAQ: WERN) has gone live with a suite of freight management and carrier engagement tools from Trucker Tools. Among the tools Trucker Tools is supplying […]

April the bottom for less-than-truckload?

Article written by Todd Maiden Old Dominion and Saia see smaller declines in May Old Dominion Freight Line (NASDAQ: ODFL) reported a 16.2% year-over-year decline in revenue per day during May as tonnage declined 12.1% and revenue per hundredweight, or yield, moved lower. The less-than-truckload (LTL) carrier reported the May tonnage decline was the combination […]

Brokers can stay ahead of the market with predictive freight matching

Article written by Ashley Coker Technology offers brokers and carriers a window into the future Technology is changing how the transportation industry works, and large broker fees are quickly becoming a thing of the past. Digital brokers and private equity firms have entered the space over the last few years, pressuring traditional brokers to lower […]

Drayage update: The future of EDI (Video in Source)

Article written by Ashley Coker Existing technologies can be made new again Social, political and economic conditions at the national and global levels are changing at breakneck speed, and it is more important than ever to maintain clear lines of communication and information sharing across the logistics industry. Electronic data interchange (EDI) may not be […]

Tech tracking: FourKites unveils dynamic ETA product for LTL shipments

Article written by Brian Straight Tech narrows delivery windows for complex less-than-truckload loads While Amazon (NASDAQ: AMZN) and its shipping partners like UPS (NYSE: UPS) and FedEx (NYSE: FDX) are able to tell customers where their package is at all times, the reality for most less-than-truckload (LTL) shipping is somewhat more complex. Multiple stops, drops […]

Alibaba.com launches North American freight matching platform

Article written by Vishnu Rajamanickam Chinese e-commerce major Alibaba.com has announced the launch of Alibaba.com Freight, which will help small and medium-sized businesses (SMBs) to simplify the movement of their bulk freight. The freight matching service will work via a transparent dashboard that lets users instantly compare, book, manage and track ocean and air freight in real-time. […]

DAT acquires freight market data platform from Chainalytics

Article written by John Paul Hampstead This morning DAT Solutions, a leading digital load board and trucking spot rate assessment, announced that it had acquired the Freight Market Intelligence Consortium (FMIC) from  Chainalytics. The FMIC is a benchmarking and analytics service that aggregates freight transaction data from more than 200 shippers in all modes of […]

Less-than-truckload looking up, say analyst and pricing experts

Article written by Todd Maiden Deutsche Bank’s Amit Mehrotra encouraged by volume progression through May Less-than-truckload (LTL) demand improved through May. The acceleration was notable during the 10-day stretch heading into the Memorial Day weekend. However, the improvement comes off of a very low base that developed in April as COVID-19-related shutdown mandates resulted in […]