Cowan Systems, a Transport Topics Top 100 for-hire carrier and Top 50 Logistics provider, announced it has joined the Blockchain in Transport Alliance (BiTA).
Van and refrigerated spot rates remain near historic levels, according to the latest data from DAT. The firm said the national average van rate fell 1 cent to $2.06 per mile, but remains just 3 cents below the post-hurricane peak of early October.
For the first time since DAT began reporting its data in the current format, the monthly spot rate has exceeded the contract rate at the same time in all three modes. And the latest DAT Trucking Freight Barometers are continuing to signal that the ‘fall surge’ is happening for the first time since 2007. Now is a good time to have secured capacity and a bad time to be locked into contract rates.
Thanks to the emergence of e-commerce retail platforms through increased online purchases, retail websites may be selling similar products, but the online retailer that can get items delivered to their customers the quickest with the lowest shipping cost possible usually wins, The Loadstar reports.
CargoNet, a Verisk Analytics company specializing in averting cargo theft, has launched a new app to boost its theft risk identifying properties according to a Verisk press release. The company’s RouteSearch app is available to registered CargoNet members only at this time.
The never-ending story of whether port truckers should be contractors or employees is facing a new battlefront as two councilmen for the city of Los Angeles have introduced a bill that would bar trucking companies from serving the ports if they use independent contractors.
Hyperloop has been touted as a way to move passengers long distances quickly, but it is most likely going to find its footing first in the freight world, according to those working to develop the technology.
With the freight marketplace widening exponentially every year, the growing communication divide in the community is also significantly felt. Fr8Hub, a digital freight marketplace startup is looking to improve peer-to-peer interaction by creating transparency and injecting efficiency in freight hauling.
In the rush to develop autonomous, long-haul trucks (and trains) that could double productivity – driving for 24 hours a day with no need for rest – it may turn out that the competition for freight may really be in the sky.
With the freight industry being one of the largest contributors to the U.S. economy, it is imperative that it makes way for technology infusion. San Diego-based startup LoadExpress is looking to disrupt the way logistics is handled in the industry right now.
FreightWaves adds a startup directory to the site to help startups identify partners, investors, and talent in the emerging FreightTech space.
There remains plenty of industrial activity to support continued strength for the general economy and freight demand in particular, says Jonathan Starks of FTR, in the firm’s August market analysis.
To solve inefficiencies in the supply chain, project44’s goal since day one has been to focus on the automation, optimization, and visibility of the freight movements by replacing legacy technologies with its “one-to-many” connectivity.
This is the latter part of the summer and it so happens to be among the busiest times for truck drivers. The vacation season is coming to an end, but that doesn’t mean the fun is over, for some, it’s just getting started.
Preparations for Great American Eclipse are continuing, with some trucking associations along the path of totality (the 70-mile wide stretch where the eclipse will be fully visible) pushing education campaigns and others bans on certain types of loads.
The National Motor Freight Traffic Association (NMFTA) has made changes to the National Motor Freight Classification (NMFC). The changes, which took effect on Aug. 5, will impact how some items are packaged and costs to shippers, particularly those shipping via less than truckload.
Hyperloop One completed a high-speed test of its pod on its Nevada track test at the end of July, moving it closer to its target speed for its planned pilot in Dubai.
Shippers trust carriers to move their goods, but how do they know the carrier they have chosen can get the job done? A new Cerasis blog post lists the 12 data points every shipper should monitor when choosing a less-than-truckload (LTL) carrier.
C.H. Robinson’s second quarter earnings report missed Wall Street estimates, in large part because of the rise in spot rates in the quarter which compressed margins, even though the company reported a rise of truckload and less-than-truckload volume.
Freight, orders and optimism continue to populate the minds of many carrier and shipping executives these days as more data points suggest the economy is continuing to improve. And it’s optimism that even uneven retail sales and consumer confidence can’t hide.
