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 …
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 …
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 …
Behind the scenes with the Convoy gang – FreightWaves – Linda Baker, Staff Writer Read More »
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 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, 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 …
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 …
J.B. Hunt announces trailer pool, drop-and-hook service – FreightWaves – Jon Shumake Read More »
( 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 …
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 …
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 …
Private-Equity Firms Buy Trucking Freight Services Companies – WSJ – By Jennifer Smith Read More »
