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Carriers, 3PLs see ‘Amazon Effect’ on shipper visibility expectations

Article written by Aaron Huff Supply chain professionals are carrying their experiences with business-to-consumer (B2C) e-commerce sites, like Amazon, over to their work lives. “Everybody is expecting shipments to be like Amazon with complete visibility,” said Ryan Rogers, chief transformation officer of Covenant Transport Services, a Chattanooga, Tenn.-based carrier and third-party logistics (3PL) provider. Many […]

Convoy adds TMS feature providing real-time data on carrier performance stats

Article written by Ben Ames Online truck brokerage Convoy has launched a feature in its transportation management system (TMS) that allows shippers to access real-time data on carrier performance, and thus centralize their routing guides and cut tendering time in half, the firm said today. Seattle-based Convoy added the feature called “Carrier Insights” to its Convoy […]

FourKites Acquires TrackX Yard Solutions to Create Dynamic Yard – the Industry’s First Real-Time Yard Management and Visibility Solution

Article written by FourKites #1 supply chain visibility platform combines in-transit predictive visibility with yard operations, connecting transportation and warehousing for the first time CHICAGO, March 25, 2020 (GLOBE NEWSWIRE) — FourKites®, the market-leading supply chain visibility platform, today announced that it is acquiring TrackX Holdings Inc.’s (TSX.V:TKX | OTC: TKXHF | FSE :3TH) yard management […]

New FourKites offering provides shippers and vendors with increased freight visibility – Logistics Management – Jeff Berman, Group News Editor

Chicago-based FourKites, a provider of real-time tracking and visibility solutions across transportation modes and digital platforms, said today it has introduced a new offering that it says is the first product that offers shippers with real-time visibility across their network and also for freight that they do not manage. Entitled FourKites Network Visibility, company officials […]

FreightTech investment surges in 2019 – FreightWaves – Linda Baker, Staff Writer

PitchBook and FreightWaves have crunched the numbers and confirmed what most of us already know – the FreightTech sector, defined loosely as software companies that aid in the movement of freight, is on a tear. FreightTech growth has an analog in the broader transportation services category, with four of the five largest venture capital deals […]

Freight-Tracking Startup FourKites Raises $50 Million in New Backing – WSJ – By Erica E. Phillips

Freight-tracking software startup FourKites Inc. has raised $50 million in new funding less than a year after its last round to back its expansion beyond trucking and U.S. domestic shipping. The Chicago startup gathers live location data on shipments from suppliers such as Land O’ Lakes Inc. to retailers and factories that help businesses at […]

Growing Logistics Startup FourKites Moving to Larger Office – Transport Topics

Shipping logistics startup FourKites is moving its office to the West Loop Gate neighborhood of Chicago, having outgrown its space in the Loop. The growing software company operates in an industry that is drawing increasing investment as e-commerce giant Amazon.com redefines consumers’ expectations regarding shipping and deliveries. After raising $35 million earlier this year, Chicago-based […]

New FourKites tool predicts capacity for shippers using ELD data – CCJ – Aaron Huff| @AaronHuffCCJ

Last year, about 20 of the nation’s largest shippers, who represent $20 billion in annual freight spend, came to Chicago for a customer advisory board meeting with FourKites. More than 200 of the largest Fortune 1000 shippers use FourKites for shipment tracking, analytics and other applications. The company’s freight visibility platform integrates with the ELD […]

FourKites Adds ‘Predictive’ Load Matching Service – Transport Topics – Daniel P. Bearth | Staff Writer

FourKites FourKites, a load tracking firm, is tapping a former UberFreight executive to head up a new service offering predictive capacity management to shippers and carriers. “This is the next big opportunity in supply chain and logistics,” said Matt Elenjickal, founder and CEO of FourKites, in announcing the hiring of Kristopher Glotzbach as vice president […]

Shippers, 3pls, carriers using new tech to build dedicated freight lanes – CCJ – Aaron Huff| @AaronHuffCCJ

Increasingly, the trends in transportation technology are being driven by e-commerce and the “Amazon Effect.” Transportation companies are investing in new IT systems to fulfill orders with compressed lead times and higher service requirements. AFN Logistics, a Chicago-based 3PL that specializes in supply chain fulfillment for major retailers, is using technology to thrive in the […]