John Paul Hampstead

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 …

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LoadRunner, the pricing and digital freight matching engine at the center of the Redwood – Strive brokerage operation – FreightWaves – John Paul Hampstead, Associate Editor

In February, Chicago-based Redwood Logistics announced its acquisition of Strive Logistics, a freight brokerage with offices in Chicago and Austin, Texas, placing the combined entity in the top 15 North American freight brokerages with a combined $1 billion of freight under management. Commenting on the deal, Redwood CEO Mark Yeager pointed out that Strive’s LoadRunner, …

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Uber Freight announces European expansion – FreightWaves – John Paul Hampstead, Associate Editor

This morning Lior Ron, Head of Uber Freight, wrote in a blog post that the digital brokerage will expand its operations into Europe. The Netherlands is the first European market Uber Freight will enter, Ron wrote, and carriers will be able to book their first loads with Uber Freight in April. This announcement marks Uber …

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Digital freight brokerage growth to accelerate sharply over next five years – FreightWaves – John Paul Hampstead, Associate Editor

The business consulting firm Frost & Sullivan released the results of its new study of trucking-as-a-service (TaaS) and digital freight brokerage this week. From an estimated current size of $11.2 billion, Frost & Sullivan expects TaaS to grow to $79.4 billion by 2025. Digital freight brokerage will account for the lion’s share of this market—Frost …

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Grant Crawford promoted to president at Emerge – FreightWaves – John Paul Hampstead, Associate Editor

Grant Crawford has been promoted to President at Emerge, the Leto brothers’ third and current freight tech startup. Crawford began his career in logistics in 1991 as a package handler for FedEx Ground when it was just getting started and eventually rose to VP of international operations, overseeing the company’s expansion into Canada.  Andrew and …

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Load-matching app downloads and stickiness leaderboard released by CarrierLists – FreightWaves – John Paul Hampstead, Associate Editor

CarrierLists, a firm that surveys small trucking carriers about their equipment, location and preferred lanes, has published the results of its digital freight brokerage/load-matching app study. In a survey conducted during January 2019, 113 small carriers (three trucks or fewer) answered questions about which load-matching apps they had downloaded and which ones they used on …

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Transplace’s new CTO to increase transaction-processing bandwidth – FreightWaves – John Paul Hampstead, Associate Editor

A Transplace employee working in the company’s platform. ( Photo: Transplace ) A leading provider of transportation management and logistics technology is bringing on a new chief technology officer (CTO) to build more transaction-processing bandwidth and capacity on the company’s highly automated platform. Transplace announced that Jim French joined the company as its new CTO. …

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FreightWaves – John Paul Hampstead, Associate Editor – Lane Explorer & Shipper 2.0: race between Uber Freight, Convoy something to behold

Last week both Uber Freight and Convoy released new data-driven products meant to help shippers understand trends in freight markets. The competition between the two large digital brokerages appears to be heating up and is driving a new wave of technological innovation, creating more transparency and smoothing out information asymmetries.  On Thursday, Uber Freight released …

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Convoy closes $185M Series C to reach unicorn valuation – FreightWaves – John Paul Hampstead, Associate Editor

Convoy’s founders: CTO Grant Goodale and CEO Dan Lewis. ( Photo: Convoy ) The growth equity investment fund of Google parent company Alphabet, CapitalG, led this round of Convoy’s capital raise, bringing the digital brokerage’s total funding raised so far to more than $265M and a valuation exceeding $1B. As part of the deal, David …

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Goldman Sachs: digital disruptors will compress brokerage margins – FreightWaves – John Paul Hampstead, Associate Editor

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 …

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