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 …
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 …
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 »
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 …
Good day, At FreightWaves, we’re still buzzing about the events of Transparency18, and the outstanding feedback we received about the event. Susquehanna transport analyst Bascome Majors published a list of “takeaways” from his visit to Transparency18, and here’s what he had to say about one panel on digital disruption in the brokerage business: “We attended …
Convoy is adding a bid function to its app-based load-matching service the company announced Monday, allowing hauler partners to submit bids on loads directly through the app with one tap – and confirm an agreed-upon rate – without having to haggle over the phone. Through the platform’s Instant Bidding process, Chief Product Officer Ziad Ismail says …
Tech developers such as Uber Freight are leveraging drivers’ mobile devices to make technology more available and more affordable for small carriers. (Uber Technologies Inc.) The use of technology is no longer a novelty but a necessity in the trucking business — for carriers of all sizes. While the biggest fleets have been using onboard …
Information Age Arrives for Small Carriers – Transport Topics Read More »
(Photo: Shutterstock) XPO Logistics, a $15 billion logistics company, announced they are releasing a new digital platform that shippers can use to manage their shipments. It will allow the shipper to track, trace, request quote, and manage the amount of spend they have with the logistics provider. Having access to the resources to develop tools …
The trucking industry is at an exciting but confusing point when it comes to digital load-matching technology and shippers will be brought along for the ride. A few years ago, the domestic truckload market was seen as a logical place for the sharing economy to take hold. The theory went something like this: The …
After nearly three years, app-based freight matching service Convoy on Tuesday announced it has expanded its network nationwide. Convoy has grown its footprint from the Puget Sound-area, to the Pacific Northwest, to west of Rockies and is now offering loads coast-to-coast with more than 100,000 trucks and drivers on the network. To coincide with the …
