A year ago at this time, it was widely stated that trucking market conditions were booming due to heightened demand, tight capacity and a strong economy. Today, while it may not be operating at the same elevated levels, the market remains strong overall, even though rates have taken a step back, capacity has loosened and …
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 …
Amazon’s Freight Push Rattles Logistics Sector – WSJ – By Jennifer Smith Read More »
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 …
Chaos is good for third-party logistics providers – FreightWaves – Chris Dupin Read More »
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 …
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, …
New Uber Freight offering focuses on increasing fleet productivity Read More »
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 …
Digital Freight Matching Services & Technologies – Supply Chain 247 – By Jeff Berman Read More »
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 …
Digital Freight Matching: The Race is On – By Jeff Berman, Group News Editor Read More »
Even though the U.S. GDP remains stagnant and retail sales continue to plod along, it hasn’t had much of an effect on the ever-expanding truckload brokerage market. At a time when capacity remains readily available and shippers aren’t scrambling for loads, the market is brimming with new entrants vying to make a name for themselves. …
