Friday saw a pivotal shift for Flock Freight as the company opted to downsize its workforce by 54 individuals, a strategic decision aimed at realigning the company’s trajectory towards profitability.
Today’s FreightTech roundup takes a look at Heale Labs’ goal to improve data sharing with digital currency, PrincetonTMX’s partnership with Loop and other highlights of the week.
A study by last-mile solutions provider OneRail addresses retailers’ concerns about diversifying delivery networks and highlights strategies such as leveraging technology for strategic planning.
Newly launched LocusHub lets warehouse managers customize autonomous mobile robots’ workflow routes, forecast staffing and orders with machine learning, and pinpoint bottlenecks.
Uber Freight has set a goal to acquire over $2 billion in freight under management in Europe by 2028.
LG Business Solutions USA will unveil its family of autonomous mobile robots at industry trade show MODEX in Atlanta.
Transfix’s new feature aims to streamline logistics for small and midsize businesses by addressing manual processes and securing competitive rates, in line with an integrated marketplace approach.
Implementing FreightTech solutions requires understanding business needs, selecting partners that support users, capturing internal data and ensuring scalability.
The Sisters of the Road photo collection highlights female truckers’ struggles and improvements needed for industry equality.
While visiting Monticello, the home of Thomas Jefferson, Lori Ann LaRocco and daughter Abby Wallace learned about families who were enslaved at the site.
Seattle-based OpenTug says it serviced over 3 million tons of marine cargo across 25,000 miles of U.S. marine highways in 2023.
Isometric Technologies announced the winners of its third annual service excellence awards.
Documentation and fintech platform ODeX conducted a survey assessing the maritime industry’s views on digital documentation in ocean shipping.
CloudTrucks has purchased Shipwell’s brokerage, and Shipwell plans to focus on its SaaS offering.
OTR Solutions announced its acquisition of Epay Manager to enhance its fintech products with a distinctive audit-proof invoicing system.
Uber Freight plans to make its API publicly available for scheduling in the second half of the year.
This feature empowers GoodShip’s shippers to craft personalized constraints, aligning with supply chain goals for optimal, strategic procurement decisions.
Supply chain visibility provider Vizion is partnering with D&B to launch its new solution, TradeView.
Digital freight forwarder Flexport reportedly may let go of a large part of its staff after closing on $260 million in funding from Shopify.
The undisclosed investment will support Optym’s enhance of transportation optimization solutions.
Visibility providers project44 and FourKites take their defamation fight to the Illinois Supreme Court.
Brad Jacobs’ new book, “How to Make a Few Billion Dollars,” is filled with lessons for transportation entrepreneurs.
Echo will leverage Navix’s ecosystem of billing data to automate its freight-auditing capabilities.
FreightWaves spoke with experts from across the supply chain about technology lessons learned in 2023 and what strategies will succeed in 2024.
Will Urban has joined the board of LuckyTruck, a company that uses historical truck data and automation to provide an insurance management platform.
“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
It is unclear whether the reduction in emissions is a result of a genuine effort to mitigate environmental impact or a consequence of market dynamics.
The move included the departure of a key executive, Glenn Koepke, vice president of strategy.
Technology advancements will make it easy to automate warehousing operations right from your phone.
Terminal’s founders, CEO Raghav Midha and CTO Connor Giles, bonded through a passion for fintech and trucking.
Solvento Audita streamlines payment processes for Mexican trucking entities, offering transparency through API integration and addressing tax regulations.
DAT advises users who suspect they have received a phishing email impersonating the load board to promptly contact the customer service department.
The founder of Isometric Technologies describes the company’s goal of building the FICO score for freight.
The DAT phishing site is almost identical to the DAT ONE site.
Employees air frustrations with company management after being let go on Teams.
Fillogic leverages what it has coined “channel-free logistics,” a competing fulfillment model to the traditional omnichannel experience.
FreightWaves showcases SONAR flatbed data at the F3: Future of Freight Festival.
Greenscreens.ai’s Matthew Silver said with Capacity On Tap, “brokers get all their capacity sources in a single pane of glass without having to reenter data.”
Find out who the unsung FreightTech disrupters are and how they provide unique tools to help shippers.
This is CargoX’s second sizable partnership aimed at bringing more efficient import and export practices to global markets.
Despite a tumultuous year, the Flock Freight team is optimistic about how its technology is advancing and the future needs of the industry when it comes to its mode offering.
With over two decades of experience in logistics, Regan Daniels’ evolution is a story of adaptability and a pursuit of efficiency.
“There is no good lane or bad lane or good deadhead or bad deadhead. There is only a focus on what is a good route for the driver to maximize their profitability,” says aifleet co-founder and CEO Marc El Khoury.
“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.
The SSC’s newly released API technical standard is available on GitHub.
Loadsmart CEO Felipe Capella said there’s “massive value potential for the whole freight industry” by applying computer vision technology.
Zerobroker’s fundraising round saw participation from freight forwarder Flexport, FundersClub and Streamlined Ventures.
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.
“One of the key requests that we hear from our customers is an ability to reduce charging times, and that requires both improvement of vehicle technology as well as charging technology,” Prologis’ Henrik Holland said at FreightWaves’ Net-Zero Carbon Summit.
The former Emerge senior vice president of customer success plans to leverage customer voices in his new role leading Princeton TMX.
Anthony Sutardja, co-founder and CEO of Parade, told FreightWaves the new capital will go toward AI and RFP tools.
Integrations solutions provider Kleinschmidt plans to help insurance tech vendor meshVI build out its future technology stack and will provide application programming interface support.
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.
“Optym HaulPlan has enabled us to plan more efficiently and make adjustments to lanes quicker,” said Estes President and COO Webb Estes.
The TruckParkingClub.com application now provides real-time reservable parking sites at 143 rest stops and 120 premium locations for overnight, multi-night and up to monthly stays.
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.
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.
“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.
“In an era where financial empowerment can impact the success of companies and the livelihood of small business owners, we’re making sure the trucking community can take advantage,” says OTR CEO Fritz Owens.
“The establishment of a Silicon Valley-based technology lab is a natural evolution for Ryder,” says Ryder’s CMO.
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.
Fluid Truck Renew helps commercial fleets lease out parked equipment and offers a simple way for new fleets to enter the market.
According to Terminal Industries, 92% of yards lack technology solutions to eliminate wasted capacity, drive down unforeseen costs and improve inventory operations, leading to $146 billion in excess transportation costs.
Women In Trucking Association President and CEO Jennifer Hedrick explains how the average driver job has changed, removing barriers for women.
“I think this acquisition sends the message to the market that we are here to add real value,” said Ship Angel founder Graham Parker.
Tive’s technology advancements allow customers to see blind spots in air and ocean cargo.
Obtained documentation shows Transfix is looking to raise funds at a $376 million valuation.
By focusing on customer change management, FreightTech providers see real results with AI-driven technology.
Speedcargo seeks out hidden cargo space among airfreight providers.
Days after Grant Goodale, Convoy’s co-founder and chief experience officer, announced he is stepping down, the department he led is reducing head count.
Vizion’s solution allows users to receive tracking updates for all containers across both ocean and rail without a letter of authorization.
Co-founder and Chief Strategy Officer Justin Bailie told FreightWaves that Rose Rocket has seen 47x growth since its last raise in 2021 by focusing on product-led expansion.
The company plans to leverage RetailOps’ technical talent to accelerate product development and provide brands with omnichannel solutions.
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.
Yesterday’s emerging technology is today’s table stakes for supply chain participants.
Digital freight marketplace NEXT Trucking is on the prowl for either additional capital or an exit.
“Investors have shifted from a growth-at-all-costs mindset to focus on the path to profitability and scalable growth. No startup, not even the rocket ships of logistics technology, will be immune to these trends,” says project44 founder and CEO Jett McCandless.
“We want [global shipping] to be self-explanatory, easy to navigate and easy for you to find the answer you are looking for,” says Maja Bernstein, vice president of industry relations at Fluent Cargo.
Convoy’s co-founder and CEO suggests that FreightTech offerings have paved the way to disrupt fragmentation with a new model of shipping: the hybrid carrier model.
FreightTech providers are examining disruptive global shipping modifications that would be detrimental without AI’s support.
Integrated business planning solutions “enable an organization to respond to changing demand while managing product flow to ensure high customer service,” says ArchLynk CEO Sekhar Puli.
“Once shippers get up and running on GoodShip, they invite their carriers onto the platform. This creates a multiplayer experience where each party has access to modern analytics, creating a single source of truth,” says CEO Ryan Soskin.
Uber Freight, Convoy and J.B. Hunt formed the Scheduling Standards Consortium in December to standardize trade data and synthesize scheduling technology.
Carriers will now be able to handle their fuel expenses on Uber Freight’s app with no annual fees, according to the freight marketplace.
“Trucking as a business is not about what you make, it’s about what you don’t spend,” industry expert Adam Wingfield said at FreightWaves’ Small Fleet & Owner-Operator Summit.
Uber Freight’s head of product shares simple ways to improve decision-making and reduce costs while improving customers’ shipping experiences.
“We could make carriers’ lives easier by giving them a single tool that they can use to make sure that they are not missing any hiring steps,” said LogRock co-founder and CEO Hunter Yaw.
“The Premier Partner Program expands our carrier family to include an even higher level of qualification of carriers that can meet the needs of participating shippers,” said president George Abernathy.
Using the company’s platform, Repowr Connect, shippers, fleets and 3PLs can share their available assets with other network members, helping parties find on-demand capacity.
“We are looking to empower these independent contractors and truly treat them as owners of their businesses,” Luke Denny, co-founder and CEO, told FreightWaves.
“TrueTMS carries a price point that is affordable for a one- to 20-truck operator to purchase,” says T3 Tech’s George Thellman.
Interstate Health’s CEO explains how addressing the needs of both truckers and travelers can make a highway care network work.
“[Navix] understands their customers’ problems, the value proposition and how to apply the technology to solve them,” said Rob Estes, chairman and CEO of Estes Express Lines.
“We have been here over a decade and have deployed thousands of systems using this technology. We are bringing this level of experience with robotics that is just unmatched in this market,” said Mujin Director of Sales Josh Cloer.
La plataforma de transporte de mercancías mantiene su compromiso de cero emisiones netas para 2040
“To get ahead of the curve on stringent climate disclosure requirements proposed by the SEC and [the ISSB], shippers need to transition from manual data gathering and estimations of their scope 3 carbon footprint to tools that efficiently and accurately provide emissions reports in real time,” said Convoy Corporate Sustainability Analyst Kiana van Waes.