box trucks

Waggon builds out Sprinter van offerings to drive innovation, wins Niagara award

The logistics industry has been shaped by unpredictability and change this year, creating a difficult environment for newer and smaller companies to survive. Newcomer Waggon, however, has thrived. 

The company was founded with the mission of solving the customer service problem in brokerages and taking great care of its employees. Early evidence suggests that Waggon is doing just that. 

Recently, the company was honored with the Niagara Raw Supplier Carrier of the Year Award, a testament to its...

https://www.freightwaves.com/news/waggon-builds-out-sprinter-van-offerings-to-drive-innovation-wins-niagara-award

Want a used truck? Talk to your plumber

INDIANAPOLIS — The paucity of new commercial trucks and the wait times to get them have made searching for used models more popular and broader than ever.

People are willing to drive farther — more than six hours — to check out an online offering for a heavy- or medium-duty vocational truck. And they will pay up to beat out the competition, according to Charles Bowles, director of strategic initiatives for Trader Interactive, a business-to-business service based in Norfolk, Virginia.

“The...

https://www.freightwaves.com/news/want-a-used-truck-talk-to-your-plumber

Onward Delivery raises $4.7M to bring efficiencies to box truck market

Freight marketplace Onward Delivery announced earlier this month that it has closed on an oversubscribed $4.7 million seed round led by Range Ventures and Matchstick Ventures as the company works to automate final-mile delivery for bulky retail items by leveraging its box truck network. 

Springtime Ventures also participated in the round, as did a number of industry angel investors, including Andrew Leto, founder and CEO of Emerge; Jett McCandless, founder and CEO of project44; Sean Henry,...

https://www.freightwaves.com/news/onward-delivery-raises-4-7m-to-bring-efficiencies-to-box-truck-market

Late-model used truck prices go stratospheric

Prices of newer used trucks with low mileage are reaching historic levels with new truck deliveries slowed by supply chain issues and an ongoing shortage of microchips.

“[Auction] pricing for trucks with under 600,000 miles is in the stratosphere,” J.D. Power Valuation Service reported in its latest Commercial Truck Guidelines newsletter. For example, model-year 2018 trucks with under 500,000 miles are selling at auction for around $70,000.

Compared to the first four months of 2020, Power’s...

https://www.freightwaves.com/news/late-model-used-truck-prices-go-stratospheric