Digital freight brokerage Uber Freight confirmed Tuesday it was forced to cut a number of jobs in order to align with its “continued commitment to drive sustainable growth.”
A California-based third-party logistics company, which had 34 power units and 33 drivers, filed for bankruptcy liquidation on Thursday.
Join FreightWaves for a webinar on Thursday, January 18 at 10am ET where Craig Fuller, FreightWaves’ founder and CEO, and Zach Strickland, Head of Freight Market Intelligence, will discuss their outlook for Q1’s transportation market.
In this edition: Stopping freight fraud in 2024 and all eyes on Mexico in the new year.
With the year coming to an end, columnist Bart De Muynck reflects on 2023 and the new year ahead.
“It is no longer grow at all costs. We must be more efficient with our resources and cognizant of your overhead,” says Zelh’s Jeff Ogren
In this edition: looking back at 2023 predictions and one more labor dispute to close out the year.
Alleged thefts of chicken and chicken-adjacent foods on both sides of the Atlantic have me feeling fricasseed.
Walter “Mitch” Mitchell, CEO of Tai Software, urges freight brokers to build their businesses in areas that benefit customers before deciding whether to buy or build a TMS platform.
Freight brokerage Convoy shut down in October. Carriers say the brokerage didn’t pay them for loads they completed.
In this edition: RealCold makes acquisition moves; Lineage commits to slightly warmer frozen food; and McDonald’s tries something new.
Join FreightWaves for a webinar on Thursday, December 14 at 2pm ET where Craig Fuller, FreightWaves’ founder and CEO, and Zach Strickland, Head of Freight Market Intelligence, will discuss a first look at 2024.
In this edition: Three intermodal companies form an alliance; DAT has zero tolerance; and Yellow’s legacy lives on.
CloudTrucks CEO Tobenna Arodiogbu has announced that his company is exiting the factoring business and will be transitioning its current customers to RTS Financial in the coming weeks to focus on its core business offerings, Virtual Carrier and Flex.
Echo Global Logistics’ EchoShip platform is transforming the partial truckload shipping landscape, offering unparalleled efficiency and cost-effectiveness for shippers and carriers.
In this edition: The Supreme Court is petitioned to rule on freight brokers and F4A, and it’s been a rough year for brokerages.
A Tennessee-based trucking and logistics company has agreed to pay $700,000 to settle allegations by the U.S. Department of Justice that it discriminated against noncitizen workers when checking their permission to work in the U.S.
Drone manufacturer Elroy Air names its new aircraft a turbogenerator-hybrid electric vertical takeoff and landing aircraft — hVTOL for short — and claims it’s the first of its kind to fly.
In this edition: Hosting Thanksgiving gets a lil cheaper, the importance of thawing turkeys and the home of the best frozen rolls.
Former Elite Transit Solutions employees say when they raised concerns to CEO Michael D. Johnson about carriers not being paid or suddenly being blocked from posting freight on one of the country’s largest load boards, he “always had an answer for everything.”
While bankruptcies and layoffs have abounded in the logistics industry in 2023, there has been much more to the year than meets the eye.
Meadow Lark Agency and its affiliate, Meadow Lark Transport, filed for bankruptcy liquidation Monday, owing around 120 former employees almost $800,000 and nearly 1,300 trucking companies about $2.7 million.
In this edition: The rise of bankruptcy in brokerages, the first day of F3 and pilots find new homes.
Shippers have rebounded in Q4 2023 to once again be the most positive segment. Carriers and brokers have lost some of the steam that led to relative optimism in Q3.
In this edition: The numbers behind spooky season, the UAW comes out on top and XPO comes out on top.
After 12 years at the helm of the freight brokerages he founded and bootstrapped in 2011 — SEL Supply Chain Solutions (SELSCS) of Fort Worth, Texas — CEO Dennis Martin says he is winding down operations.
In this edition: breaking down what the future for freight brokers looks like, which markets are claiming top spot and how LTL carriers performed.
While logistics visibility platform provider Slync had hoped that new management and a $24 million cash infusion in February would be enough to save the FreightTech company after its former CEO was indicted on fraud charges, the company is proceeding with an alternative option to a traditional bankruptcy and plans to wind down operations and sell off its technology.
With over two decades of experience in logistics, Regan Daniels’ evolution is a story of adaptability and a pursuit of efficiency.
Owner-operators say Titan Transportation Services Inc., doing business as Sunset Logistics, still hasn’t refunded their $1,000 in escrow or maintenance account funds that were withheld from their paychecks after the Grand Rapids, Michigan-based company abruptly ceased operations on Sept. 29.
“AI-powered insights help customers take informed action, like seeking alternative suppliers, tracing their raw materials, identifying potential geographic concentrations and targeting risky supplier networks,” says Altana Technologies’ Amy Morgan.
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In this edition: It’s not your mama’s bid season this year; Shippers are on the hook for carbon emissions; and UPS tries to get customers back on their side.
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FreightWaves and Bestpass recently surveyed carriers about their outlooks for the year ahead, including their concerns and views of which way demand will shift.
Shippers get clearer, Philadelphia airport gets more space, and Cup Noodles gets in the Oktoberfest spirit.
In this edition: The United Auto Workers has its strike moment; Mexico maintains its top spot; and the FreightTech 100 list is back.
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With this rise of AI, we take a look at how it can be used by the logistics industry.
Project44’s Jett McCandless comments on the state of technology as the company completes a round of layoffs on Thursday.
FreightWaves surveyed shippers and 3PLs working across a variety of sectors about their pallet usage, including procurement habits, challenges and perceptions surrounding sustainability efforts in the space.
FreightWaves’ monthly State of Freight webinar series returns this month on Thursday, September 28 at 2pm ET.
Outbound tender volumes will continue to rise out of Texas; spot rates expected to remain around $2.30 per mile
The partnership offers e2open TMS users seamless access to FlockDirect, a terminal-free shared truckload solution from Flock, enabling real-time quoting and booking.
Convoy’s new system uses machine learning and other tools to identify possible fraud.
RCG Logistics will immediately be integrated under the Acertus brand.
Laid-off employees came from support departments including Human Resources, Information Technology (IT) and other ancillary support roles. IT roles affected by the event included business analysts, scrum masters, quality analysts, product managers, and project managers.
U.S. Postal Service contractor Matheson Flight Extenders (MFE) filed paperwork Thursday stating that it plans to eliminate 305 jobs and close its sorting facility in Chicopee, Massachusetts, by the end of October, bringing to about 1,000 the total job cuts it has announced in recent days.
In this edition: The cost of a conversation, Florida prepares for a Hurricane and Mexico avoids a strike.
Even as city, state and federal officials urge residents to flee ahead of high winds and flooding, truck drivers answer the call to haul Federal Emergency Management Agency (FEMA) loads to areas where hurricanes are expected to strike.
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As the market continues to challenge brokers and carriers alike, freight agents need an organization to call home that allows them to advance their business. TAB provides that – — as evidenced by its 40% year-over-year growth for the past seven years that continues today.
“Optym HaulPlan has enabled us to plan more efficiently and make adjustments to lanes quicker,” said Estes President and COO Webb Estes.
In this edition: Identity theft for freight brokerages on the rise, Brake Safety Week is upon us, and the battle for terminals heats up.
Tai has been working on email improvements utilizing AI and machine learning for over three years now. . Most recently, the company introduced a new email feature – helping brokers write emails.
While AI technologies have the potential to transform the shipping and logistics industries, their success takes careful and strategic planning.
In the post-pandemic pivot from just-in-case to just-in-time manufacturing, digital freight network Convoy has launched a service to help shippers and carriers manage risk.
In this edition: breaking down the 2023 FIFA Women’s World Cup, the unforeseen side effect of rising demand in Mexico, and Yellow officially declares Chapter 11 bankruptcy.
Rate deals and spikes don’t last forever, and smart industry players know caring for the partners who will sustain them when the market inevitably shifts is mission-critical.
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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.
In this edition: The fallout from Yellow’s anticipated bankruptcy, UPS loses big to FedEx, and Hub Group throws down against the competition.
When brokers remember their role as communicators, they are able to build stronger relationships with both their shipper customers and their carrier partners.
Two of the top three global logistics powers took a big profit haircut during the second quarter and aren’t very optimistic about a seasonal upturn in shipping.
In this edition: What can Brown do for you, now that the strike has been averted?; the future of the LTL industry; and FedEx pilots stand their ground.
For the first time since freight sentiment index inception, shippers are the least positive group. Does that mean the market is balancing?
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As less-than-truckload carrier Yellow Corp. faces a potential work stoppage by its largely union workforce, an action that would likely force it to close its doors, we take a look back at some of the top stories in the past year.
Fluid Truck Renew helps commercial fleets lease out parked equipment and offers a simple way for new fleets to enter the market.
Women In Trucking Association President and CEO Jennifer Hedrick explains how the average driver job has changed, removing barriers for women.
In this edition: What happens if Yellow and UPS stop delivering? And acquisition is Redwood’s game.
“I think this acquisition sends the message to the market that we are here to add real value,” said Ship Angel founder Graham Parker.
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This report shares an in-depth overview across the trucking, maritime and intermodal markets.
