Companies that resemble an Expedia for airfreight are making their portals more accessible to logistics customers outside their home countries. Agents are watching for potential conflicts of interest.
In partnership with Parade, McLeod Software’s digital freight matching API equips brokers with best-in-class capacity management.
“We strategically positioned our carriers six months ago for the freight they are hauling today,” said the company’s senior director of capacity, Ivan Momchilov.
The benefits of hands-off load matching do not end when the market takes a turn.
Shippers should reconsider the pecking order of asset-based trucking companies first, brokerages second.
A technological revolution and a pandemic-fueled capacity crunch came together to push digital freight matching into the spotlight over the past few years.
The digital freight network has reached a $3.8 billion valuation after raising $160 million in series E funding and $100 in venture debt.
Carriers can become significantly more sustainable by simply focusing on solutions that make their fleets more efficient, reducing miles driven to move each load and cutting down on emissions.
Digital freight matching and what options exist, avocado toast for all, and Laredo’s port growth.
“I think the difference in distinctions between the digital players and the — whatever you call the nondigital players, has become almost nonexistent,” said XPO CEO Brad Jacobs in its earnings call.
FreightWaves discussed the new solution and how customers can reduce their carbon emissions with Loadsmart co-founder and President Felipe Capella.
Transfix considers the relationships at stake for a carrier or shipper in order to build the right tech solution.
Most innovative solutions are inspired by seemingly insurmountable problems. That is exactly how Evotrux was born
Not being limited to the modes of a particular carrier or their own private fleet, a business can access more available capacity in the market.
To make the best possible match at the best price for everyone involved, shippers post their freight and take market feedback from carriers.
If visibility has moved from perk to table stakes, what exactly is “the next big thing” now? What innovative technology can companies adopt to help them stand out among their competitors?
Convoy is adding three enhancements to its Convoy Go power-only program, including predictive routing and Automated Reloads with batched routes.
“We do not believe that the digital broker is ultimately going to replace those traditional brokerages.”
KeepTruckin’s Aman Shahi details why the Smart Load Board is superior to traditional load boards.
Loadsmart has added less-than-truckload (LTL) and rail services as the digital freight brokerage continues to expand its multimodal offerings. The expansion, announced Tuesday, allows customers to book shipments across all major transportation modes, building on existing capabilities for truckload, port drayage and transload. “Loadsmart is now a one-stop-shop logistics solution for domestic freight,” said Felipe […]
Schneider has added an app to its FreightPower tech solution, giving carriers the ability to book loads with a single click and shippers more tracking capabilities.
Digitalization is giving freight-industry participants the flexibility they need to deal with the COVID-heightened pace of change.
ArcBest CEO Judy McReynolds talks about the company’s customer service model and how it has helped them thrive throughout the pandemic at FreightWaves LIVE @HOME on Thursday.
Spot market transactions are notoriously inefficient and expensive. Digital freight matching can make transactions more straightforward for shippers and carriers alike.
Echo Global has added a Book Now tool to its EchoDrive platform, allowing dispatchers and truck drivers to instantly book loads without the need for phone calls or emails.
TIRPORT’s marketplace allows companies to manage, report and track loads during their truck hauls.
“J.B. Hunt 360 is all about creating the most efficient transportation network in North America – which means matching the right shipment with the right truck at the right time,” said McGee.
Convoy has introduced a new rate quote benchmarking tool for shippers that allows them to see how competitive the rate being offered is.
Roger provides digital tools for bulk freight shippers and carriers that reduce paperwork, and accelerate payment and real-time shipment status.
“If you want to be relevant five years from now as a broker, you should be moving towards algorithmic rates,” said Andrew Leto.
A look into a market share report from UBS.
Alibaba.com has introduced three new services – a freight matching platform, financial services for small and medium-sized businesses, and virtual events connecting businesses with buyers.
The views expressed here are solely those of the author and do not necessarily represent the views of FreightWaves or its affiliates. News reports that Uber is re-evaluating non-core units like Uber Freight did not take me by surprise. To learn more about what’s happening, you can read JP Hampstead’s Uber ‘re-evaluating’ non-core units like […]
Amazon has expanded its brokerage service to 48 states, allowing shippers to easily connect with carriers on a digital platform.
Industry experience, continual innovation drive J.B. Hunt 360 technology platform
The feature enables shippers to make data-driven decisions about allocating freight
Cargo X is Brazil’s largest digital freight marketplace, connecting about 20,000 carriers and their 400,000 truckers with freight.
Digital freight matching has turned a corner in the marketplace.
Knight-Swift Logistics will be part of a pilot program that will test DAT Solutions’ new Book Now automated freight tendering solution.
“Quality brokers don’t just simply cast a wide net and wait for capacity to come to them,” said Noam Frankel, founder and CEO of FreightFriend.
Knight-Swift will integrate Truckstop.com’s Book It Now digital freight offering into its logistics operation, and provide access to Truckstop.com’s load board for its owner-operator and carrier partners.
Sendengo is a digital freight brokerage that enables users to control transactions and helps reduce cargo theft.
Capacity is a proof of concept for smaller brokerages building out their own freight-matching platforms.
With companies like Convoy achieving a $1 billion valuation in roughly four years, or publicly-traded companies like Uber and Amazon encroaching on the brokerage space, it is getting harder for the smaller, “relationship-based” brokers to compete. Whether it’s managed transportation, trailer pooling, warehousing or last-mile, brokers should be looking for ways to increase their value, […]
Charley Dehoney writes about the founding of GlobalTranz and the companies that were begun by “alumni” of the “GlobalTranz Mafia.”
Less than a year after automating the load-matching process, Convoy is now automating the brokerage side in select markets.
Chief Relationship Officer Brent Hutto explains the importance of embracing the freight industry’s digital evolution.
ArcherHub runs its own fleet that it uses as a backup for loads that go uncovered on its digital freight marketplace and thus guarantees hauls for every shipper.
Supply chain solutions major J.B. Hunt finished fourth on the FreightTech 25 list, thanks to its efforts in digitalizing freight matching and democratizing access across carriers of all sizes.
FreightWaves CEO Craig Fuller chats with J.B. Hunt Chief Commercial Officer Shelley Simpson.
According to CEO, the biggest problems freight brokers face are visibility and ‘one-load wonders.’
Ben Thrower writes that venture capital funds continue to flow to digital freight brokerages, but legacy companies continue to fight back.
Schneider National has added a tool called Load My Truck that allows third-party carriers to instantly book loads at a click of a button. Also, Mexico has installed a recycled highway, and the Huawei controversy highlights cybersecurity concerns in the supply chain.
French freight matching startup FretLink has introduced new carrier-centric features in collaboration with equipment provider TIP and fuel card player UTA.
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 […]
French freight technology startup Everoad has forged a strategic partnership with French mass-retailer Groupe Casino to help digitalize its supply chain.
InstaFreight is a digital forwarding company that enables seamless logistics and provides shippers with greater visibility into road freight movement.
HaulHub is a logistics startup in the aggregate and asphalt industry that helps producers, carriers and construction crews collaborate together over a centralized platform.
Maritime carriers are leaving up to US$110 on the table every time they carry a box, according to research from startup MizzenIT. And that means ocean carriers could be missing out on hundreds of millions of dollars a year simply by not charging the right price.
The digitization of the supply chain industry has been all the buzz in recent years. From lumpers on the freight docks in Erie, Pennsylvania to the Patagonia-clad investors of Silicon Valley, everyone seems to be talking about technology “disrupting” logistics.
Freight-matching startup SmartHop has joined TechStars NYC, a summer accelerator program that started yesterday, July 15. The company is excited about participating in the 13-week immersion program, said CEO and co-founder Guillermo Garcia. “We have an ambitious project technology-wise and operational wise,” he said. “What we hope to get out of TechStars is help connecting us […]
Consumer goods company has created rest areas for truckers and adopted digital freight matching.
Charley Dehoney has written about the growth of digital freight brokerages and what they bring to the market and the industry.
sennder has raised investment to expand its digital freight markeplace footprint across Europe.
project44’s Jett McCandless, KeepTruckin’s Ori Franco, Transfix’s Drew McElroy, and Freightos’ Philip von Mecklenburg-Blumenthal were all panelists.
Convoy is now matching 100 percent of loads automatically in major markets, effectively eliminating the need for any person to call or communicate between the shipper and carrier.
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.
Since its launch, Convoy has been innovating with technological solutions aimed at reinventing the way freight moves across the country. To help fulfill that mission, the company is now expanding beyond its Seattle, WA, roots to a second office located in Atlanta.
In partnership with Trucker Tools…In the transportation industry, time is money. Trucker Tools uses their Smart Capacity system to eliminate stale or obsolete data in order to streamline the brokerage process, saving time and money every step of the way.
While technology startups have jumped into trucking with the latest and greatest solutions, the old guard, if you will, has not been sitting idly by. This week at the Great American Trucking Show in Dallas, C.H. Robinson is showing drivers its Navisphere apps and how they can help drivers and small fleets find freight success.
Presented by Trucker Tools…
Land O’Lakes is moving Purina Feed loads via the Uber Freight app along several lanes, including one in Texas where 100% of the loads are posted to the app.
Uber shut down its self-driving truck platform last week but promised in an exclusive interview with FreightWaves that Uber Freight was not going anywhere. Today, the company has not only confirmed that promise, but it has doubled down on the future of Uber Freight.
“I am unaware of anyone using ELD to make these smart matches. We are excited about pioneering this approach that benefits drivers, carriers our economy and our ecology,” Russell Jones, Cargo Chief’s CEO, tells FreightWaves.
Regardless of technology, the transportation industry is still built on relationships.
The third installment of CarrierLists and FreightWaves load sourcing survey has more of the same. We dig a little deeper to see something about the industry that is seemingly obvious, but is it?
The third installment of CarrierLists and FreightWaves load sourcing survey has more of the same. We dig a little deeper to see something about the industry that is seemingly obvious, but is it?
Uber Freight had a prime spot at the entrance to the show floor last week at the Mid-America Trucking Show, hoping to draw attention to its services as well as its new Uber Freight Plus program.
Loadsmart is changing the traditional freight brokerage business by using data analytics to provide instantaneous quotes to shippers for freight hauling.
We all know that trucking carriers want more money and better information, but Comdata and FR8 Revolution have discovered the specific pain points in heavy hauling, such as permit requirements.
iCanDeliver is hoping to capture European market share with its digital freight platform.
Konexial uses its ELD device to leverage its dynamic load matching solution, which can act as a one-stop solution for both carriers and shippers.
Daimler in association with Loadsmart is launching its custom digital platform for its contracted freight carriers in the U.S. to match them with the company’s spot loads.
Call it the Internet of Things, the Sharing Economy, a result of the ELD mandate, or the emergence of blockchain-style applications, but we are witnessing a digital gold rush when it comes to developing technologies bent on improving supply chains.
The push-pull of technological innovations in transport and communications is nothing new. It’s all a matter of how the technology is adapted and brought into the current marketplace’s way of doing business.
TIRPORT, a startup from Istanbul, understands the Turkish freight market potential and believes it can bring change to a system that urgently needs a revamp to stay ahead of the times.
With truck drivers across the country being required to have electronic logging devices in their vehicles as of Dec. 18, some have complained about the move to electronic recording of hours when paper logs work just fine. For BigRoad CEO Tony Lourakis, the rule presented an opportunity.
Go99, a digital freight-matching marketplace based out of Vancouver, Canada, has achieved a major revenue milestone and now it is setting its sights on expansion with the rest of Canada and busy lanes in the U.S. on its target.
The French freight industry is one of the largest markets in the world. But like its North American counterpart, the industry suffers from considerable fragmentation, with 90% of the fleet companies owning fewer than 10 trucks. Convargo is working to solve this by connecting shippers and carriers in real-time.
