Transfix

Amazon’s Freight Push Rattles Logistics Sector – WSJ – By Jennifer Smith

By / 2020-09-13

Amazon.com Inc. is pushing deeper into logistics as it tries to tamp down transportation costs ahead of a pricey push into one-day shipping, raising potential concerns for freight operators that may end up competing for business with the e-commerce giant that many count as a significant customer. The online retailer has opened an online freight …

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KeepTruckin Adds $149 Million in Funding to Build Up Freight Platform – WSJ – By Jennifer Smith

By / 2020-09-13

KeepTruckin Inc., whose technology helps carriers manage fleets and track driver behavior, said it has raised $149 million to build out an online freight-matching platform and other new products in an increasingly active market for digital freight services. The Series D funding round gave the six-year-old San Francisco-based startup a valuation of $1.2 billion, up …

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“Flywheel is turning faster and faster”: Transfix’s Drew McElroy at TIA – FreightWaves – John Paul Hampstead, Associate Editor

By / 2020-09-13

( Photo: Shutterstock ) FreightWaves is covering the Transportation Intermediaries Association’s 2019 Capital Ideas conference in Orlando, Florida. On the afternoon of April 11, Drew McElroy, chief executive officer of New York City-based digital freight brokerage Transfix, sat down for an interview. Transfix’s business is going well. McElroy said the company is posting positive gross …

“Flywheel is turning faster and faster”: Transfix’s Drew McElroy at TIA – FreightWaves – John Paul Hampstead, Associate Editor Read More »

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

By / 2020-09-13

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

By / 2020-09-13

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 …

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Truck Technology Startup Raises $97 Million for Port Freight Plan – WSJ – By Erica E. Phillips

By / 2020-09-13

The developer of a freight-matching app for truck drivers and shippers at the ports of Los Angeles and Long Beach has raised $97 million in new funding as the startup works to improve its fledgling technology and expand to other ports. NEXT Trucking Inc. said Wednesday that Brookfield Asset Management Inc. ’s venture investment arm …

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App-Enabled Freight Platforms Help Small Carriers Find Loads, Boost Efficiency – Transport Topics – Mindy Long

By / 2020-09-13

The Uber Freight app provides drivers with upfront load pricing and quick payment, the company says. (Uber Freight) Large fleets typically have been the first to benefit from the spread of technology in trucking, but digital freight brokers are working to extend some of the same advantages to smaller carriers and independent drivers. Companies such …

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McLeod Expands Digital Freight-Matching Software – Transport Topics – Seth Clevenger

By / 2020-09-13

Attendees peruse the exhibit hall at McLeod Software’s 2018 user conference. (Seth Clevenger/Transport Topics) BIRMINGHAM, Ala. — McLeod Software is expanding its digital freight-matching capabilities to help freight brokers and carriers move loads in a more efficient and increasingly automated fashion. The goal, CEO Tom McLeod said, is to quickly provide transportation firms with the …

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Convoy secures $185 million in Series C funding round – Logistics Management – By Jeff Berman, Group News Editor

By / 2020-09-13

Seattle-based Convoy, a digital freight technology-enabled network, recently announced it secured $185 million in Series C funding. The company said the round of funding was led by the growth equity investment fund of Google’s parent Alphabet City, CapitalG. With this funding, Convoy said that the amount of total capital it has raised now stands at …

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Trucking startup Convoy reaches $1B valuation after huge $185M investment led by Google VC arm – Geek Wire – BY TAYLOR SOPER

By / 2020-09-13

After serving 14 years for the Royal Canadian Navy, Ira Lawrence was ready for a new adventure. He and his wife decided to start a trucking company in 2017, but several hurdles nearly caused them to quit before even getting started. But then Lawrence found Convoy, a Seattle startup that developed an app to match …

Trucking startup Convoy reaches $1B valuation after huge $185M investment led by Google VC arm – Geek Wire – BY TAYLOR SOPER Read More »

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