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J.B. Hunt provides some optimism, less doom at investor conference – FreightWaves – Todd Maiden

J.B. Hunt Transport Services Inc. (NASDAQ: JBHT) provided constructive commentary on intermodal and truckload (TL) fundamentals during a presentation at the Cowen and Company 12th Annual Global Transportation Conference. The outlook from the surface transportation services giant at the intra-third quarter event was notably better than the concern around the lack of an uptick in […]

How much are digital freight brokerages really worth? (Video in source link) – FreightWaves – John Paul Hampstead, Associate Editor

If everything goes right, the market cap of all digital brokerages in the United States could total $30 billion in 10 years. The total addressable market for digital freight brokerage is a mere fraction of the size quoted in pitch decks and investment bank research reports, but there’s still plenty of upside for a few […]

Behind the scenes with the Convoy gang – FreightWaves – Linda Baker, Staff Writer

Convoy CEO Dan Lewis is giving a tour of the company’s headquarters in downtown Seattle. He points out the stocked kitchens (plural), the 55-person data science team, the P&G Carrier of the Year award and the Ping Pong station, then stops in front of a bulletin board featuring the “Pets of Convoy.” There he pulls […]

The Rise of Digital Freight Matching and How It Works – By Rafael Granato – Supply Chain 247

U.S. Trucking Companies Many people don’t realize it, but the majority of U.S. trucking companies are not large organizations like Knight-Swift, J.B. Hunt, and Schneider. In fact, about 97% of carriers in the U.S. operate 20 or fewer trucks (while 90% of those operate with six or fewer trucks). The national economy depends on trucks to deliver […]

Digital Freight Brokers Turn Physical With Truck Equipment Pools – WSJ – By Jennifer Smith

Digital freight marketplaces that connect shippers and truckers online are turning toward more physical operations by offering the equipment that cargo carriers need to move loads. Freight-matching startups Convoy and Uber Technologies Inc. ’s Freight division recently launched fleets of trailers that shippers can preload with goods to speed up cargo transfers for drivers and […]

J.B. Hunt adds drop-and-hook trailer pool program to its freight-matching system – CCJ – CCJ Staff

J.B. Hunt, the fourth largest trucking company in North America, announced on Monday a new trailer pool program and drop-and-hook service dubbed J.B. Hunt 360box. Launching this summer, 360box will introduce a pool of 500 additional 53-foot trailers that businesses can reserve for drop trailer purposes, with plans to accelerate the number of available units […]

J.B. Hunt announces trailer pool, drop-and-hook service – FreightWaves – Jon Shumake

Launching this summer, 360box will introduce a pool of 500 additional 53-foot trailers businesses can reserve for drop-trailer purposes.    J.B. Hunt Transport Services announced Monday a new trailer pool and drop-and-hook service — J.B. Hunt 360box — will be launched this summer.   The Lowell, Ark.-based intermodal and trucking provider said the service will introduce […]

Uber Freight, Convoy rise as traditional load boards lose market share – FreightWaves – John Paul Hampstead, Associate Editor

( Photo: Uber Freight ) Upstarts Uber Freight and Convoy continued to gain market share among freight-matching rivals, as more traditional load boards saw their market share ebb in the face of more heavily digitized competition, according to a report from investment bank UBS. The study by UBS Group AG (NYSE: UBS) is the bank’s […]

How Consolidation and Freight Networks Are Disrupting the Logistics Landscape – Transport Topics

Employees at C.H. Robinson. (Photo courtesy of Steven A. Smith) When financier Brad Jacobs launched his bid to consolidate the logistics industry in 2011, he set into motion a process that continues to reshape the industry today. But now there are other business strategies in play with the potential to disrupt the business and spur […]

Private-Equity Firms Buy Trucking Freight Services Companies – WSJ – By Jennifer Smith

By Jennifer Smith Private-equity firms bought two big freight-services providers in separate deals announced Wednesday, the latest in a string of investments in businesses that help manage the flow of goods through supply chains. Iconiq Capital LLC acquired a majority stake in Internet Truckstop Group LLC, whose Truckstop.com online freight marketplace connects shippers with available […]

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