Network Transport completes its move into a new, larger company headquarters as part of its expansion strategy, which adds 100 jobs over the next 12 months.
FreightWaves’ Mary O’Connell and Ryan Rogers from TextLocate sit down to talk about the world of visibility and the struggles that come with knowing where your freight is at all times.
FreightWaves’ Mary O’Connell and Thomas Wasson sit down to talk about best practices when booking trucks and how to help others avoid rookie mistakes when booking their first loads.
A new power-only brokerage offering drop trailer solutions to customers has emerged: FreightVana x, where the x stands for “collaboration.”
Auditing isn’t just for the big four accounting firms, Mexico struggles with the cross-border vaccine mandate, and has Central Freight Lines shorted drivers on pay?
Mary O’Connell and David Cook, director of sales at CPC Logistics, sit down to talk about driver retention and providing support to private fleets.
Despite strong revenue growth, freight broker productivity fell sharply.
“Leaders should realize that you’re not going to get a lot of benefit by trying to build volume with negative margins. The goal here is to be focused on value-adding technology and cloud adoption, not in volume building,” says Loadsmart co-founder and co-CEO Felipe Capella.
Private ownership would allow Echo to accelerate M&A and technology investments.
EZ Loader’s Brad Clark and Reliance Partners’ Jessie Merritt discuss how acquiring cargo and supplemental insurance in seconds rather than in days is leveling the carrier playing field.
Account executive trainees at a freight brokerage are seeking class action status in a lawsuit alleging they weren’t paid for overtime.
Biesterfeld expects the capacity-constrained environment to continue.
El mercado para la compra y venta de proveedores logísticos a terceros y corredores de carga está al rojo vivo, según los banqueros de inversión de Capstone Partners, Burke Smith y Nathan Feldman.
Capstone Partners explains why brokerages are so expensive.
“Everest’s growth is a great example of creative problem-solving,” said Cambridge Capital CEO Ben Gordon.
A group of former Knight-Swift logistics leaders is building something new in Arizona.
Management has raised full-year revenue guidance to $3.45 billion-$3.55 billion.
Convoy Go is now available for backup and spot loads.
Arrive’s partnership with TriumphPay allows carriers to send in load paperwork through the new technology platform and manage their payments, factor invoices and request QuickPay.
The Chicago brokerage adds a capital allocator and carrier expert to its C-suite.
Brokerage candidates know “they’re in the driver’s seat,” according to one recruiter.
Waggoner delivered record EPS in a difficult environment.
The brokerage will pour money into new tech, new modes and new people.
Robinson highlighted improving productivity metrics.
Broker Landstar System blew out analysts’ expectations for the first quarter. The company’s earnings almost doubled from the year-ago quarter, which wasn’t materially impacted by COVID. Landstar’s new guidance calls for more of the same.
J.B. Hunt Transport Services announced first-quarter results well ahead of analysts’ expectations.
Nashville is the Chicago-based freight brokerage’s first expansion office.
The truckload market is looking very strong this year and freight brokers are riding high.
Anne Reinke provides insight on current concerns and future opportunities as the president and CEO of TIA in keynote address.
Load board adds more enterprise-level automation to its compliance offering.
Agent-based MODE will add a growthy in-house operation.
Canadian cross-border trucking and logistics company Titanium Transportation Group gains global access to key freight networks in Chicago with the latest U.S. brokerage office.
Now carriers can see max bids and auction closing times on offered loads.
Freight brokerage Echo Global Logistics rode truckload volatility to record quarterly revenues.
“It’s been really easy to get the band back together,” says CEO Jason Provonsha.
Truck broker Landstar System set records in the fourth quarter. The company is expecting the high-demand environment and improved truckload pricing to carry through at least the first quarter.
Freight brokers connect cargo with its transportation — a career path with high pay and low education requirements.
A set of guidelines for the ethical freight broker.
MoLo beta-tested MasterMind for a year.
LoadSmart and Uber Freight attract venture-style capital from traditional investors.
Landstar System announced that its CFO was stepping down immediately. President and CEO Jim Gattoni will act as the company’s CFO on an interim basis until a replacement is found.
Knight-Swift, Arrive Logistics, and Uber Freight have three different approaches to drop-freight solutions.
Shippers that trust their technology also trust their technology provider. That’s why XPO’s Connect platform resonates with shippers.
In third-quarter 2020 financial and operational results released after trading ended on Wednesday afternoon, Chicago-based third-party logistics provider Echo Global Logistics (NASDAQ: ECHO) reported record gross revenues, which grew by 23.2% year-over-year to $691.5 million. That smashed the consensus estimate of $608 million and was $76.5 million more than the upper limit of guidance provided […]
Outsourced supply chain solutions provider Capstone Logistics has been acquired by former owner H.I.G. Capital.
Landstar System announces the opening of a new driver center for its independent owner-operators in Carnesville, Georgia. The 8,000-square-foot facility provides classrooms, a business center, laundry, showers and break rooms.
A specialized freight brokerage is backstopped by 425 reefer tractors.
The fleet management solution is Transfix’s first foray into a pure software product.
The Smart Load Board is a free freight marketplace built into KeepTruckin’s platform that provides intuitive freight matching and strong data privacy.
Profit and loss (P&L) sheets provide key insights to a company’s financial performance.
‘Game on’ for Uber Freight.
Shippers ship. Carriers carry. Freight brokers are the experts connecting the two. A developed shipper-broker relationship is important in aiding the success of shippers, brokers and carriers.
The top 20% of freight brokers generate at least 80% of sales and gross margin for any third-party logistics provider (3PL) or freight brokerage.
The move was announced in a companywide town hall.
sennder is now unquestionably the leading digital freight brokerage in Europe.
Forty percent of Edge’s volume year-to-date has run through its digital matching platform CAPACITY.
MoLo reveals how its “service-always” operating philosophy is affecting financial performance.
Trident is converting spot opportunities to contracted business in the pandemic.
Landstar’s earnings call outlines the company’s better-than-expected guidance.
In second-quarter 2020 financial and operational results released after trading ended on Wednesday afternoon, Chicago-based third-party logistics provider Echo Global Logistics (NASDAQ: ECHO) reported gross revenues fell by 7.1% on a year-over-year basis to $514.7 million. That beat the consensus estimate of $475 million, largely driven by decreases in less-than-truckload (LTL) volumes and revenue per […]
Landstar misses estimates in its second-quarter report, which included bonus payments to workers during the pandemic. New guidance better than expected.
Brian Aoaeh continues a series of commentaries on technology-driven innovations in supply chains, logistics and trucking.
The CEOs of MoLo Solutions and Arrive Logistics discuss both the internal and external metrics that drive their businesses.
Ryder System has added Trucker Tools carrier engagement and freight-matching tools to its brokerage operation.
Silver is starting by helping Schneider broker out its fleet of 38,000 orange boxes.
Uber is reported to be raising $500 million in funding for its brokerage segment. The deal would place a valuation of $4 billion on Uber Freight.
Mark-It Express Logistics is expanding again, acquiring 20-truck carrier Sava Transportation, as it looks to build a national name for itself in the intermodal business.
Aerospace industry supplier wants to turn supply chain into a competitive advantage.
Investor Warburg Pincus said it supports a full investigation.
Driegert said that shipper expectations for technology and speed of execution have irrevocably shifted.
Growth at Uber Freight took a pause in Q1 while the digital brokerage trimmed losses.
Convoy built data-driven tools to be more fluid and responsive.
API integrations with shippers and carrier density were key.
Fewer brokers and more engineers make operating costs less flexible, and we question the “take market share” mantra.
Margins widened again in April, but revenue per day is down 12%.
Landstar System calls attention to its variable cost model as first quarter falls short of expectations. No guidance issued for second quarter.
By partnering with analysts from both FreightWaves and DAT Solutions, event attendees on April 23 will have access to three sessions rich with fresh data.
CEO Matt Pyatt said some industries served by Arrive are shipping less freight.
Shen was previously chief operating officer and president.
Freight brokers expect spot rates to ramp this week, but the long-term outlook is uncertain.
In partnership with Arrive Logistics… shippers should communicate with their partners and stay focused on long-term strategy.
Three months after its formation, Anthym Logistics sells to BlueGrace.
Private equity-backed trucking companies have had a tough time during this market downturn.
KeepTruckin is shutting down OPL after less than a year in order to create a neutral freight marketplace.
Shipper insights and sentiment for freight rates and volumes over the next three months
The layoffs close a chapter of freight brokerage in Chattanooga.
A difficult truck brokerage market appears to have stalled growth at Uber Freight compared to the third quarter. However, the operating loss narrowed significantly.
Echo protected its margins and issued positive guidance for Q1 and 2020.
New technology, capital, and business models have changed the competitive landscape.
Robinson aggressively cut prices to hold truckload volumes steady and grow LTL volumes.
Capacity is a proof of concept for smaller brokerages building out their own freight-matching platforms.
Christenson will focus on scaling UF Europe “at speed and responsibly.”
XPO has made spin-offs the new buzzword in logistics for 2020.
The Nolan Transportation Group and Transportation Insight roll-up continues apace.
Markets from Los Angeles and Ontario to Yuma, Salt Lake City, and Minnesota have suddenly tightened as routing becomes directionally constrained.
C.H. Robinson‘s commitment to innovation and technology secure it a spot in the top ten of the 2020 FreightTech 25 list.
Will markets remain tight into the first quarter or soften right after Thanksgiving?
KNX is hiring brokers and full-stack developers for the new office.
Over the past two and a half years, Uber Freight, the freight brokerage division of Uber Technologies (NYSE: UBER), has already proven itself capable in two key areas for young technology companies: growing revenue fast and shipping new products at a rapid clip. Powerloop’s trailer pool, the continuous moves Uber Freight calls “bundles,” international versions […]
