FreightWaves LIVE @HOME kicked off its three-day virtual event with keynote addresses from J.B. Hunt’s Shelley Simpson, Revolution’s Ron Klain, and Echo Global Logistic’s Doug Waggoner among many others.
At FreightWaves LIVE @ HOME, the CEO indirectly pushes back against criticism of broker margins.
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%.
As the coronavirus pandemic continues, it is causing customs brokers and third-party logistics providers to adapt their day-to-day office operations.
Companies exposed to transportation, including 3PLs and freight tech startups, are adjusting to market realities.
Charley Dehoney writes about digital brokerages and what they really are and do…
Echo protected its margins and issued positive guidance for Q1 and 2020.
Echo Global adds features that suggest loads along favored lanes for carriers using its EchoDrive platform.
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, […]
One year after a sharply negative report sent shares plunging, XPO stock has more than recovered
In a tough freight environment, the Chicago brokerage outpaced Wall Street’s expectations.
Some investors prefer hard-to-disrupt niche businesses; others want to roll up e-commerce services and replicate Amazon’s offering.
Companies that build a dedicated M&A program return more value to shareholders.
ECHO faced a tough quarter with soft spot volumes and unexpected tightness in June.
Bascome Majors says contract rates will be under downward pressure for the rest of the year, but spot rates may have already turned up.
This morning (July 8) Morgan Stanley’s transports equities analysts cut their 12-month price targets for most of the companies they cover, but said that following the release of second quarter earnings it may be time to invest in the cyclical stocks again. The analyst team, led by Ravi Shanker, expects second quarter results for transportation […]
Charley Dehoney has written about the growth of digital freight brokerages and what they bring to the market and the industry.
Commentary As digital freight brokerage apps learn to concentrate on driving user engagement and building dynamic marketplaces that adapt to user behavior, they will start to resemble social media networks like Facebook, Twitter, Snapchat and Tinder. Apps like Uber Freight, Convoy, Transfix, J.B. Hunt 360, C.H. Robinson’s Navisphere and EchoShip/Drive were designed to cover loads […]
During the morning session at Transparency19 on May 6, Stifel investment banker John Larkin moderated a discussion about mergers and acquisitions between Renee Krug, CEO of GlobalTranz; Doug Waggoner, CEO of Echo Global Logistics (NASDAQ: ECHO); and Mark Yeager, CEO of Redwood Logistics. Themes of the conversation included the differences between public and private investors’ […]
Despite a crash in truckload spot prices (approximately 50% of ECHO revenue), the freight brokerage beat analyst expectations.
The technology company will focus on appointment-making, track-and-trace, and eliminating paperwork.
The Chicago-based freight brokerage is operating at a $100 million run rate.
A healthy month-end volume uptick hasn’t tightened capacity, allowing brokers to stay in their happy place.
Today’s selloff on soft revenue growth guidance went too far, according to Stifel’s Bruce Chan and Susquehanna’s Bascome Majors.
ECHO pivoted away from the spot market and also leaned into LTL.
Morgan Stanley likes asset-based carriers while Stifel is bullish on 3PLs, and the banks don’t agree on what the business risks to C.H. Robinson are.
It’s an aggressive push by Deutsche to rebut the suggestion that XPO has serious accounting issues.
We spoke to executives from Trident, Avenger, Redwood, and Echo about the challenges and opportunities of the Memphis freight market, long dominated by asset-based carriers.
Cowen expects softening trucking prices in 2019 to be a headwind for truckload carrier earnings, but should widen gross margins for freight brokerages.
In spite of the prediction challenges everyone faces, what does Doug Waggoner foresee coming down the transportation pipe in 2019?
We interview project44’s new CFO, CTO and CMO as the visibility solution provider, fresh off a capital raise, prepares to scale rapidly.
On Wednesday at the Texan Gaylord Resort and Convention Center, following MarketWaves18, members of the Blockchain in Transport Alliance (BiTA) met to receive updates on the organization’s progress toward data standards, hear announcements, share feedback, and learn about the work being done by BiTA’s think thanks.
This morning at MarketWaves18 in Grapevine, Texas, FreightWaves CEO Craig Fuller announced that freight futures will begin trading on March 29, 2018.
McKinsey, Goldman Sachs, Stifel Nicolaus, and Susquehanna are all in agreement that technology and data are critical for driving productivity in transportation and logistics companies. We survey recent research by the firms.
