Jacksonville, Florida-based Raven Transport Holding Inc. said it is shutting down its over-the-road (OTR) and dedicated fleets, according to a Worker Adjustment and Retraining Notification filing on Wednesday.
The closure of the two fleets will result in 83 laid-off employees, including 57 truck drivers, from Raven’s facility at 7150 Philips Highway in Jacksonville.
Officials for Raven Transport did not provide a reason for shutting down the OTR and dedicated fleets, but said the closure is...
Shippers, carriers and brokers all share a desire for consistency. The freight market has seen unstable market conditions in the last few years, making it difficult for stakeholders to find consistency and they are increasingly looking to dedicated freight as a means of ensuring predictable volume and capacity.
When shippers hear “dedicated,” they think of lower rates with superior service. Consistent service is critical for shippers that need to meet customer expectations for their products...
Growing technological advancements — coupled with shifting supply chain demands — are causing a rapid evolution in the trucking industry. For enterprise fleets, specifically, age-old business models are changing in response to modern problems and priorities.
These changes do not, however, mean that enterprise fleets are becoming a thing of the past. In fact, as the industry continues to grapple with the aftermath of the coronavirus pandemic, dedicated options seem to be making their way back...
This fireside chat recap is from FreightWaves’ Enterprise Fleet Summit on Wednesday.
FIRESIDE CHAT TOPIC: The future of the enterprise fleet landscape.
DETAILS: The enterprise fleet model is changing. Technology, partnerships and supply chain demands are causing a rapid evolution in the trucking industry landscape. How will this impact the enterprise trucking business model and can applications provide a cutting edge for carriers wishing to be truly driver first?
SPEAKERS: Beth Howard is the...
https://www.freightwaves.com/news/how-technology-can-help-carriers
Red Owl was a grocery store chain headquartered in Hopkins, Minnesota, that operated in that state and the upper Midwest. Although the Red Owl stores and name have been gone for more than 30 years, there are many former employees and customers in its service areas that have not lost their attachment to the stores or its merchandise.
Founded in 1922, it was initially owned and operated by a private investment firm affiliated with General Mills. The company was purchased in 1968 by Gamble-Skogmo....
https://s29755.pcdn.co/news/freightwaves-haul-of-fame-red-owl-had-loyal-employees-and-customers
This fireside chat recap is from the FreightWaves Enterprise Fleet Summit.
FIRESIDE CHAT TOPIC: Dedicated fleet services
DETAILS: A discussion around dedicated truckload operations’ ability to provide elevated service metrics, at stable pricing levels, all in a fashion that offers a more driver-friendly environment.
SPEAKERS: JT Engstrom, FreightWaves chief strategy officer, and Steve Martin, senior vice president of Ryder’s dedicated transportation solutions.
BIO: Martin is responsible for the...
https://www.freightwaves.com/news/enterprise-fleet-summit-dedicated-fleet-services
Management from J.B. Hunt Transport Services (NASDAQ: JBHT) said a high-demand environment is likely to continue through at least the first quarter of 2021.
In a virtual presentation at Baird’s 2020 Global Industrial Conference on Tuesday, Shelley Simpson, chief commercial officer and president of highway services, described the current freight market as “tight” and “more chaotic” than expected, noting ongoing dislocation in volumes and capacity. The influx of containers to the West Coast has...
https://s29755.pcdn.co/news/jb-hunt-sees-elevated-demand-through-at-least-q1
Author’s disclosure: I am not an investor in Optimal Dynamics, either personally or through REFASHIOND Ventures. I have no other financial relationship with Optimal Dynamics.
Optimal Dynamics, a startup that is building software that automatically optimizes trucking fleet operations using its proprietary CORE.ai solution, announced on July 7 that it raised a $4 million seed round.
CORE.ai, Optimal Dynamics’ Software-as-a-Service (SaaS) product, uses a proprietary technology called...
https://s29755.pcdn.co/news/commentary:-optimal-dynamics-–-the-decision-layer-of-logistics?