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 …
After serving 14 years for the Royal Canadian Navy, Ira Lawrence was ready for a new adventure. He and his wife decided to start a trucking company in 2017, but several hurdles nearly caused them to quit before even getting started. But then Lawrence found Convoy, a Seattle startup that developed an app to match …
It’s a good time for 3PLs when capacity is tight and supply chains are speeding up. The global third-party logistics market is on track to exceed $1.1 trillion in 2022. That’s 10 percent of global logistics costs, according to consultants Armstrong & Associates, and a leap from the $802 billion recorded in 2016. Armstrong …
Chaos is good for third-party logistics providers – FreightWaves – Chris Dupin Read More »
But incumbents can protect their market shares Last week, a Goldman Sachs equity research team led by Matthew Reustle, CFA, released a report titled “Commoditizing Logistics: Assessing ‘Disruptive’ Links in the Supply Chain.” The report was apparently intended to answer investor questions about threats to large logistics incumbents’ margins and market share. It’s worth noting …
HOUSTON — Trimble introduced a host of product updates and new features for its fleet management software and technology, ranging from enhanced calculations for estimated arrival times and expanded capabilities for final-mile distribution. The company made the announcements here at its In.sight User Conference and Expo, held Sept. 9-12. Trimble has added a feature for …
Two years ago, tech startup Lanehub began matching recurring freight lanes of shippers in North America with available capacity from other shippers that operate dedicated and private fleets. The company is now working with 100 shippers and 200 fleets to match freight in 70,000 lanes. In terms of volume, the cloud-based system has analyzed 12 …
Big trucking companies, scrambling along with their customers to keep up with fast-growing U.S. economic demand, are plowing millions of dollars into technology to build up services as digital freight middlemen. The growing investment in online freight brokerage is aimed at building on operations many truckers have used to supplement their core transportation businesses, even …
Truckers Get Digital in Search for Big Rigs – WSJ – By Jennifer Smith Read More »
Transport Pro, a Web-based transportation management system for trucking and third-party logistics companies, has a new partnership with Parade, a freight brokerage technology provider. The partnership combines Parade’s AI-powered carrier management system with Transport Pro as a digital carrier sourcing platform to give brokers access to automation technology at an affordable price point, the companies …
Managing containers is a recurring challenge for trucking and third-party logistics firms that have freight forwarding and intermodal operations. One challenge is getting containers into the country from factories in China where most are being produced. One alternative to paying for the transportation of empty containers is to use an online marketplace to find transporters …
During the Great American Trucking Show in Dallas, Trucker Tools announced new features and functions for its mobile driver app and the launch of Smart Capacity for owner-operators and small fleets. Launched in 2013, the Trucker Tools Mobile Driver App has been downloaded by more than 500,000 truckers for planning and information resource tools. Trucker …
