Cart Before the Horse: Digital Freight Matching, A.I. and Machine Learning for Freight 5/8/2019 Strategy and Innovation Technology Technologies are assisting to automate tasks that require lots of repetition and grunt work, allowing people to focus on tasks that require a human touch. In the case of brokerages, it would be impossible for their carrier […]
Amazon.com Inc. is pushing deeper into logistics as it tries to tamp down transportation costs ahead of a pricey push into one-day shipping, raising potential concerns for freight operators that may end up competing for business with the e-commerce giant that many count as a significant customer. The online retailer has opened an online freight […]
The Uber Freight app provides drivers with upfront load pricing and quick payment, the company says. (Uber Freight) Large fleets typically have been the first to benefit from the spread of technology in trucking, but digital freight brokers are working to extend some of the same advantages to smaller carriers and independent drivers. Companies such […]
Seattle-based Convoy, a digital freight technology-enabled network, recently announced it secured $185 million in Series C funding. The company said the round of funding was led by the growth equity investment fund of Google’s parent Alphabet City, CapitalG. With this funding, Convoy said that the amount of total capital it has raised now stands at […]
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 […]
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 […]
No matter who you talk to about the trucking market, one thing is very clear: market conditions just may be the best that they’ve ever been. There are a host of reasons for this, including strong demand, tight capacity and a growing economy. What’s more, the truckload brokerage market, a segment that continues to see […]
Earlier today, Uber Freight announced the introduction of a new offering that providers motor carriers with multiple trucks a way to more efficiently manage operations and increase productivity. Entitled “Fleet Mode,” Uber said in a blog posting that this tool, which is part of the Uber Freight app, allows “carriers and their dispatchers to find, […]
In these days of ever-increasing technological innovation, the advances being made in logistics and supply chain are certainly gaining the attention of the Silicon Valley elite. And perhaps nowhere is that more apparent than in the proliferation of app-based – or on-demand – trucking providers, a quickly emerging area that’s receiving a significant amount of […]
In these days of ever-increasing technological innovation, the advances being made in logistics and supply chain are certainly gaining the attention of the Silicon Valley elite. And perhaps nowhere is that more apparent than in the proliferation of app-based—or on-demand—trucking providers, a quickly emerging area that’s receiving a significant amount of attention and investment. While […]
