Seattle-based digital freight broker Convoy on Wednesday canceled all shipments from its marketplace and company representatives promised more details of a business transition were forthcoming. By Thursday, company employees were told in a meeting that Convoy was “closing down its core business operations.”
Uber Freight’s negative EBITDA was improved from the first quarter, but revenue has declined steadily for more than a year.
The annual OOIDA survey on driver compensation has findings on use of digital brokerages that don’t appear to line up, but definitions may be the issue.
Uber Freight’s Frank McGuigan, who played a key role in selling Transplace to the digital brokerage company, is leaving at the end of the month.
Convoy’s co-founder said he’s seeing an increasing number of smaller truck carriers parking their vehicles.
Werner’s senior vice president discusses how technology impacts brokers and truck drivers during FreightWaves’ Small Fleet & Owner-Operator Summit.
There’s a lot of bad information out there about the state of the oil market.
With Transplace now in the fold, Uber Freight’s revenue topped $1 billion for the last three months of 2021.
The financial analysis of Uber Freight does not yet include the impact of Transplace, which the digital brokerage is acquiring.
Full Truck Alliance is an investor in Plus, an autonomous trucking company rolling out a Level 3 truck in China starting in 2021.
Profit and loss (P&L) sheets provide key insights to a company’s financial performance.
The combination of artificial intelligence and machine learning are allowing XPO’s brokerage operation to offer more visibility into pricing, capacity and tracking.
Charley Dehoney writes about digital brokerages and what they really are and do…
Molo Solutions CEO Andrew Silver and Arrive Logistics CEO Matt Pyatt debate and discuss the future of digital freight brokerage in this lively session from FreightWaves LIVE: Chicago. Moderated by FreightWaves President George Abernathy.
On October 29, Bloomberg published an article by Dina Bass, “The ‘Uber for Trucking’ Tries to Navigate Some Uber-Scale Problems.” That was followed by Craig Fuller’s article, Is winter coming for the super-hot FreightTech space?, which ran in FreightWaves on November 3. It would be worth it to read both articles if you have any […]
CHRW is facing the toughest competitive landscape in decades, but still has a scale advantage and is investing in tech appropriately.
Uber Freight makes it a point to meet drivers and carriers where they are.
In partnership with Carggo… small freight brokers now have a white-label solution for automated load matching.
Transfix, the venture capital-backed digital freight marketplace based in New York City, announced that Ahmad El-Dardiry joined the company as its new chief revenue officer. El-Dardiry comes to Transfix from a 19-year stint at Intel Corporation, where most recently he managed cloud computing, memory and storage enterprise sales in the Americas, Asia and global industry […]
First stop: the Netherlands.
Digital upstarts have scored a lot of downloads, but their apps still aren’t as sticky as the incumbents.
Convoy CEO Dan Lewis said that digital brokerage margins would expand until most participants adopted low-cost structure, then start compressing.
We spoke to Uber Freight Product Manager Stefan Sohlstrom and Convoy’s Chief Product Officer, Ziad Ismail, about last week’s releases and what increased transparency means for the brokerage industry.
At MarketWaves18, FreightWaves announced the Freight.Tech 25, the industry’s list of the most innovative and disruptive companies in transportation and logistics: Uber Freight took the sixth position.
Just three years after its founding in Seattle by two former Amazon executives, the leading digital freight brokerage Convoy reached a unicorn valuation and took the #4 spot in the Freight.Tech 25.
XPO to roll out suite of I.T. improvements for LTL unit.
FrAIght, a startup based out of Chicago is looking to introduce an artificial intelligence powered freight broker service into the market, hoping to make a difference. The company works at the intersection of connectivity and technology by intelligently automating and mimicking existing workflows including email, fax, and EDI.
Digital freight brokers are using “Daily-deal” tactics to get revenue growth. They sold themselves as a platform to change the inefficient trucking industry, but have found it difficult to find quality sources of high-volume freight. These platforms have resorted to aggressive pricing tactics using investor capital. What will find is that as soon as they change prices, shipper loyalty will evaporate.
The new Uber CEO has his work cut out for him. Few know what his take on Uber Freight is and whether the aggressive expansion will continue. Regardless, the digital freight era is upon-us and should they leave the market, others will take its place.
Uber selects Expedia CEO as its next CEO to replace founder Travis Kalanick
Trucking venture funding continues to pick up steam. One fund, backed by the largest grouping of Fortune 1000 companies in the world and a top engineering school, makes an investment in two trucking startups for its initial set of investments.
