Uber Freight is sharing nearly all the revenue from its digital freight-matching platform with its carriers, according to a Morgan Stanley & Co. analysis that estimates it could be years before Uber Technologies Inc. ’s logistics division generates meaningful profits. Uber’s freight brokerage business launched in 2017 and uses technology to connect truckers with shippers …
Drayage is one of the most opaque, inefficient segments in the American trucking industry, dominated by small, undercapitalized carriers using yesterday’s technology. What is drayage? It typically refers to the transport of freight a short distance between ports and warehouses as part of an intermodal network. The lack of visibility into this market contributes to …
Drayage is opaque, inefficient, and ripe for digitization Read More »
On Black Friday, Morgan Stanley released a 50-page research paper called “Blockchain in Freight Transportation: Early Days Yet but Worth the Hype.” Morgan Stanley expects that blockchain-enabled smart contracts will be widely available for commercial use in 2018 (see: Blockchain in Transport Alliance), with more sophisticated applications coming out in 2020. Morgan Stanley believes the …
Earlier this year, I set about trying to figure out what the heck blockchain actually was and why everyone was talking about it. Because it’s not going away. And apparently Morgan Stanley agrees. In a recently released report titled “Blockchain in Freight Transportation: Early Days Yet but Worth the Hype”, the research foundation discusses the idea that blockchain …
It basically goes without saying that changes are coming in regards to the frenetic pace of technological innovation in the world of truckload brokerage. Last week’s news that Uber has officially become a player in the space, with the introduction of its Uber Freight app, created a ripple effect of sorts. Where was this ripple …
