Flexport acquires Convoy technology stack for undisclosed sum
Flexport’s acquisition comes weeks after the venture-funded trucking startup closed down. Convoy has some 400,000 truck drivers in its network.
Modern Shipper covers the gig economy, including same-day, on-demand, and last-mile delivery jobs and services. Readers will find current news on gig economy companies, gig economy workers, gig economy data and trends. In addition, Modern Shipper focuses on e-commerce, e-commerce platforms and companies, and e-commerce services and technologies.
Flexport’s acquisition comes weeks after the venture-funded trucking startup closed down. Convoy has some 400,000 truck drivers in its network.
A source wonders if UPS’ new offering is a reconstituted version of an earlier stab at quick delivery.
UPS said it hopes to scale service to as many locations as possible by year’s end.
Electric vehicle manufacturing efforts have been marching south. In fact, EV manufacturing investments in the Southeast alone reached $54.6 billion in 2022 –– a 128% year-over-year increase, according to the Southern Alliance for Clean Energy.
The decision to prioritize technology in a business so reliant on people to cover loads and deal with exceptions is poignant in the wake of the past week’s events.
Omnichannel fulfillment provider Stord’s new service is designed to make delivery to retail DCs more affordable for smaller merchants.
With the last mile the most complicated part of the shipping process, new solutions could help, but it will take a strong balancing act.
Wing gives an inside look into its expansion as drone delivery becomes more widespread.
UPS has stopped flying to Israel while competitors DHL and FedEx have maintained air service to the country, which is at war.
OSM follows the lead of work-share partner U.S. Postal Service in not imposing peak-season delivery surcharges.
A report by project44 said delivery performance was the highest since March 2020.
Even as a Wall Street bank counts up the possible losses at Estes, the LTL carrier tells customers things are looking up.
Uber drivers will pick up return parcels and deliver them to postal, FedEx and UPS locations.
Amazon Air is downsizing operations at Leipzig/Halle International Airport.
August was a better month, but express carriers are still flying less than they were a year ago because of slow shipping demand.
The on-paper benefits of out-of-home delivery are clear. Customer acceptance is somewhat less so.
Loadsmart CEO Felipe Capella said there’s “massive value potential for the whole freight industry” by applying computer vision technology.
DHL is moving its A300 fleet from Asia because the region doesn’t have sufficient aerospace support services for the aircraft.
According to a recent study by SkyQuest Technology, every year more than $750 billion worth of losses occur worldwide due to poor cold chain logistics and facilities and improper handling procedures.
What’s next for the three-headed beast of AB5 litigation in California? It might be whether the state’s Supreme Court takes up the so-called Olson case.
The latest FAA approval for Zipline could mean a huge step forward in drone delivery.
A new service called Roadie Direct integrates technology to provide fast delivery from warehouse locations.
With Oracle and Uber Direct, retailers can now offer same-day delivery and returns.
Free shipping remains a make-or-break deal for many online orders, a Ryder survey finds.
Flexport CEO Ryan Petersen says he has returned to rescue the company after Dave Clark wore out his welcome.
The NRF has bought a leading trade group to expand its sustainability solutions for members.
The partnership offers e2open TMS users seamless access to FlockDirect, a terminal-free shared truckload solution from Flock, enabling real-time quoting and booking.
When the ELD mandate was put into effect, fleets across the nation became vulnerable to cybersecurity threats.
Workhorse Group stockholders approved a proposal to more than double the number of authorized shares, one of few paths to new capital.
UPS Inc. is offering pilots an early retirement package to reduce payroll amid declining package volumes. The integrated parcel and logistics giant confirmed Thursday it wants to trim senior pilots from its ranks, a day after communicating with the pilot group. “At UPS, we regularly assess our operations and make adjustments to better serve our […]
Despite the growing importance of interoperability in supply chains, there are more technology companies marketing closed platforms than ever before.
Walmart has announced a partnership with Wing, the drone delivery arm of Google parent Alphabet, to deliver quick meals, groceries, household essentials, over-the-counter medicines and more to residents through the air.
Technology can offer solutions to help last-mile shippers handle increasing volumes while reducing cost and improving the customer experience.
The mayor of Minneapolis vetoed a proposal that would have set a $1.40-per-mile minimum pay for Uber and Lyft drivers. (Photo: Jim Allen/FreightWaves)
The FedEx and UPS fleets are flying less, but Amazon’s flight activity is up as the shifting parcel market impacts each company differently.
DJI this week unveiled FlyCart 30, its first delivery drone. Here’s what you need to know.
“Optym HaulPlan has enabled us to plan more efficiently and make adjustments to lanes quicker,” said Estes President and COO Webb Estes.
Freight booking platform Freightos is working to reduce its cash burn as it continues to grow and add new products.
The Minneapolis City Council approved an ordinance this week sharply increasing compensation for Uber and Lyft drivers, but the mayor’s signature is needed for it to become law.
Smaller airports without big-city crowds offer many advantages to all-cargo airlines and shippers, which are taking more business to those locations.
Moves similar to blackjack tactics describe how cash-poor transportation startups are grasping for new capital.
Sun Country Airlines had a strong quarter for cargo thanks to growth in its Amazon business.
Kodif’s founding team showcases experience, resulting in the development of a technical product that empowers even those lacking technical proficiency to effectively utilize it.
A new service by the U.K.’s Royal Mail is slated to become the country’s first permanent drone delivery operation.
“The discussion of reducing the de minimis back to the $200 threshold could impact e-commerce retailers with high-value products by increasing costs,” said BoxC Logistics co-founder Chad Schofield.
Same-day or next-day Prime deliveries are four times greater than in 2019, Amazon’s Herrington says.
The express division of DHL Group plans to build a large maintenance facility at Cincinnati/Northern Kentucky International Airport, part of a huge investment in the company’s U.S. air network.
Hawaiian Airlines is starting an in-house cargo airline that will fly dedicated routes for Amazon Air starting this fall.
Merchants can use FlowspaceAI for Freight, particularly its Network Optimization tool, to support a range of services, enhancing fulfillment operations and providing valuable insights for marketing and sales strategies.
Logistics real estate operator Link Logistics upgrades its portfolio in the second quarter, booking a 52% increase in leasing spreads.
Ontario International Airport has approved a large cargo development for DHL Express to support express delivery on the West Coast.
Fluid Truck Renew helps commercial fleets lease out parked equipment and offers a simple way for new fleets to enter the market.
Lowe’s expanded same-day delivery service leverages OneRail’s OmniPoint platform and network of 12 million drivers.
Union pilots at UPS are ready to show solidarity with Teamsters workers if there is a strike, which would ground UPS Airlines.
Amazon is dialing back flights for its European cargo airline. The third party operating those flights has let go nearly 30 pilots.
Autonomous mobile robots can help combat the warehouse worker shortage, experts say.
Amazon’s private airline that outsources cargo flying to third parties has ended its partnership with Silver Airways, a small regional carrier that operated five small ATR72-500 turboprop planes on small feeder routes, FreightWaves has confirmed. Silver Airways, a privately held regional airline based in Fort Lauderdale, Florida, that operates passenger service in the Southeast, the […]
The Swiss company’s precision dropping system autonomously releases cargo from a few feet in the air when the drone has reached its destination.
California’s Supreme Court will review a lower court and appellate court decision to settle the question of Prop 22’s constitutionality.
Speedcargo seeks out hidden cargo space among airfreight providers.
Supply chain-focused startups Cart.com, Nuvocargo and CargoBot recently secured a combined $102 million in venture capital.
FreightWaves’ Innovation Alley at the Future of Supply Chain event featured FreightTech demos from Ezlogz and Bridgestone Mobility Solutions/Azuga.
Grant Goodale, co-founder and chief experience officer of digital trucking network Convoy, announced this week he is stepping down from the startup.
FedEx is downsizing its fleet again during the next 12 months to match weak international and domestic package shipping demand, and save money.
PalletTrader is an online marketplace specifically designed for buying and selling pallets and pallets only. Since its launch in October, it has reached 1 million transactions and is rolling out an expanded service. But why is PalletTrader growing so fast and why do we need a marketplace just for pallets?
About $2.3 trillion was spent to keep the nation’s logistics system operating in 2022, according to the 34th State of Logistics Report.
The company plans to leverage RetailOps’ technical talent to accelerate product development and provide brands with omnichannel solutions.
Most consumers are interested in knowing more about eco-friendly delivery methods, a Descartes study finds.
The board of the FedEx pilots union has endorsed a contract agreement and sent it to members for an up-or-down vote.
Auctane’s acquisition of Return Rabbit aims to address siloed offerings in returns management.
GXO is starting its multiyear German expansion plan through the use of warehouse in Dormagen.
Jim Waters, Frayt’s vice president of marketing, said the company’s survey highlighted the growing need for last-mile services; 37% of respondents said 50% of their logistics operations fell into the last-mile category.
Digital-oriented freight forwarder Flexport has completed its acquisition of the logistics arm of Shopify Inc., one month after it announced its plans. The deal includes Deliverr, the tech-enabled shipping services provider Shopify bought last year for $2.1 billion, and it officially puts Flexport into e-commerce fulfillment and last-mile delivery. In exchange for its fulfillment assets, […]
SMC³ has the only commercially available technology tool to consider carrier-specific costs, providing enhanced flexibility and agility through its Dynamic PriceBuilder™ tool.
FedEx flight reductions reflect a significant drop in parcel traffic, throwing a wrench into management’s earnings expectations in the just-completed fourth quarter.
Ameriflight says it is greenlighted to add the Matternet M2 to its fleet, allowing the first large-scale drone operation in the country.
FedEx has prevented a potential strike by its pilots by agreeing to a contract that still must be approved by members of the pilots union.
Last week, Dronamics completed the successful first flight of its flagship Black Swan aircraft, flown remotely by two commercial airline pilots, near Bulgaria’s Balchik Airport.
A tentative agreement reduces the size of parcels that could be handled by the Postal Service, the Teamsters union confirms.
FedEx Express is quadrupling throughput at one of its airport gateways in Australia.
On demand on WHAT THE TRUCK?!? Dooner is joined by NASA’s Mike Ewert and Nicole Pinotek; Mike Klemmer and Kevin Hill
Major aviation players are seeking FAA approval for remote pilots to fly aircraft where they can’t see them.
FreightWaves’ “State of Freight” webinar suggests there will be no surge in demand for freight capacity during 2023.
Southern Companies provides drayage services at seven Southeast ports.
Amazon’s drone delivery dream isn’t dead, but it may be time for the firm to reassess its strategy.
GXO plans to run a new facility for consumer giant Kellogg in Belgium.
DHL Supply Chain and GXO Logistics are laying off at least 185 workers in Texas as a result of losing customers.
Flexport has taken another step toward simplifying international freight transportation from manufacturing to e-commerce storefront.
FreightTech providers are examining disruptive global shipping modifications that would be detrimental without AI’s support.
DroneUp, the company powering drone delivery for the largest retailer in the world, has trimmed its head count.
DHL Air Austria will operate a mixed fleet of Boeing freighters in the fall and is seeking permission to fly new 767s to the U.S. so it has that option in the future.
AxleHire CEO Adam Bryant says the most significant impact on the carbon footprint will come from the ability to drive more efficient utilization and aggregation processes in last-mile delivery.
ChatGPT and other advanced AI tools are looking to find homes in supply chain software and in some cases already have.
The so-called Olson case over AB5 draws interest from well beyond California.
E-commerce funding platform 8fig has raised $140 million to help online sellers expand their profitability and market reach.