Amit Sekhri took up trucking in the thick of the Great Recession, drawn in part by the freedom of driving the open roads. He was prepared for long hours and weeks away from home. But two of his biggest—and least expected—gripes were the constant phone calls and late payments. Like many truckers, Sekhri booked his …
As Walmart (NSYE: WMT), Amazon (NASDAQ: AMZN) battle for dominance in the online grocery wars, a growing number of tech-enabled startups are taking a different approach, aiming to disrupt the conventional food supply chain by using logistics platforms to connect shoppers directly with local farmers and producers. Portland-based MilkRun, for example, seeks to make buying …
Taking aim at Big Ag – FreightWaves – Linda Baker, Staff Writer Read More »
Uber Technologies Inc. (NYSE: UBER) reported first quarter 2019 results which were $0.01 share worse than analyst expectations at a loss of $2.26 per share. Revenue of $3.1 billion was $20 million better than forecasts. Total revenue increased 20 percent year-over-year to $3.1 billion. Gross bookings increased 34 percent year-over-year to $14.6 billion. Other Bets …
After a decade since the launch of Uber Technologies Inc. (formerly UberCab 2009-11), the public is finally getting to own a piece of the cab-hailing giant. Uber (NYSE: UBER) opened its trading today on the floor of the New York Stock Exchange, with an initial public offering (IPO) price of $45 per share — finally …
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 …
Amazon’s Freight Push Rattles Logistics Sector – WSJ – By Jennifer Smith Read More »
Truckstop.com A private equity firm known for investing in tech companies such as Uber and SurveyMonkey has made a significant investment in Truckstop.com, an Idaho-based load board and freight-matching service, continuing the trend of private investment dollars flowing into trucking tech firms. Truckstop.com and Iconiq Capital, a tech-focused investment firm in Palo Alto, Calif., made …
Millbrae, California-based Cargo Chief showcased their C4 platform at MarketWaves 18. C4 is a system that enables carriers to share available capacity to shippers. C4 then uses this information to match shippers with their existing carriers without having to rely on untrusted contracts. Customers of C4 can enter the details of their load into the …
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 …
When we launched Uber Freight last year, our goal was to revitalize an industry and help freight move seamlessly and effortlessly around the country. Our first step towards achieving this was empowering carriers and their drivers, the heart of the trucking industry, with technology to help them succeed. With the Uber Freight app, we introduced …
Introducing Uber Freight For Shippers – A new Way to Ship – Uber Read More »
The trucking industry is at an exciting but confusing point when it comes to digital load-matching technology and shippers will be brought along for the ride. A few years ago, the domestic truckload market was seen as a logical place for the sharing economy to take hold. The theory went something like this: The …
