Digital marketplaces for air cargo have added new features making it possible for logistics companies managing imports to instantly book export shipments from agents in another country without the hassle and time-zone delays of shopping quotes by phone and email.
It’s another level of connectivity for online booking portals that enable freight forwarders to search, compare and book cargo space across multiple airlines in real time. The simplified booking process is valued by logistics...
The digital disruption of freight has created something of a Catch-22 for brokers: New technologies have made it possible to do more with less, but instead of alleviating their day-to-day stresses, the propensity to do more has spurred brokers to work even harder.
McLeod Software understood that in a faster freight environment, the brokers with digital freight matching tools will always have an advantage. So, to best equip its broker customers, the transportation software provider partnered...
https://www.freightwaves.com/news/freighttech-enables-brokers-to-work-smarter-not-harder
Digital freight platform Hwy Haul has announced the raising of $10 million in additional funding to continue growing its solution focused on bringing reliability and efficiency to shipping produce across North America.
The company’s new funding is led by Eileses Capital with participation from True Blue Partners, BluePointe Ventures and FDC Partners.
“The food and fresh produce supply chain is a vital network affecting multiple industries, and it faces immense challenges today,” said Kishore...
Legacy trucking companies, once at the forefront of innovation, have fallen behind in the FreightTech arms race in recent years. Freight brokerages are now the trailblazers.
By implementing the latest visibility technologies, brokerages like Loadsmith are now confidently competing with the largest asset-based carriers.
“Digital freight matching and real-time rating and visibility — the greatest advancements in [freight] technology over the last five years — have not been developed by your...
https://www.freightwaves.com/news/shippers-take-note-brokers-lead-the-freighttech-charge
Like other technologies aimed at generating cost savings, digital freight matching (DFM) took off during the recent pandemic-fueled capacity crunch. Getting loads covered at the push of a button – and exercising a modicum of control over pricing – was an attractive sell for shippers and their freight brokers working hard to move massive amounts of freight without compromising their bottom lines.
Now, volumes are balancing out, capacity is loosening up and rates are dropping from their historic...
https://www.freightwaves.com/news/digital-freight-matching-offers-benefits-in-soft-market
Automation is a hot topic across the logistics industry, promising increased profitability, greater efficiency and fewer headaches for those who turn their most tedious daily tasks over to technology. This has been especially true when it comes to freight procurement and load matching.
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 win-win solution offers brokers the ability to post...
https://www.freightwaves.com/news/digital-freight-matching-helps-brokers-navigate-tough-markets
Digital freight network Convoy announced Thursday it has raised $260 million in new funding — $160 million coming from a series E preferred equity round led by current investors Baillie Gifford and T. Rowe Price and $100 million in venture-debt investment coming from Hercules Capital Inc. The company is now valued at $3.8 billion.
“When we first invested in 2019, the trucking industry was ripe for disruption and we were impressed with Convoy’s vision and early success in driving the future of...
Over the last few years, sustainability has proven to be a hot button issue for just about every industry across the globe. The worsening climate crisis – and increased consumer awareness to its effects – has pushed both governments and corporations to make concrete efforts toward better environmental stewardship.
Transportation is the single largest contributor to greenhouse gas emissions, accounting for 29% of all emissions, according to the U.S. Environmental Protection Agency. This number...
https://www.freightwaves.com/news/digital-freight-matching-offers-planet-saving-perks
Image: Memegenerator.netAutomate the things you hate. In a world in which everyone is racing to improve daily processes and create more time in the day, it’s easiest to start with those things that are a daily pain point within an organization.
Digital freight matching is designed so that a carrier can just tap and go, meaning the carrier taps to accept a load at a posted rate and then it hits the road. It serves as one of those things that can help alleviate some of the issues brokers have...
https://www.freightwaves.com/news/check-call-the-future-of-digital-freight-matching
In XPO Logistics’ Q2 earnings call in July, CEO Brad Jacobs called out its technology investments for improving the company’s operating ratio.
“Our second-quarter adjusted operating ratio ex-real estate gains was our best operating ratio yet,” he said. “In truck brokerage, we’re continuing to outperform the industry. This is due in no small part to the rapid adoption of our XPO Connect platform by customers and carriers.”
The freight marketplace XPO Connect was built to give its shipper customers...
https://www.freightwaves.com/news/drive-xpo-reaches-500000-downloads-improves-operating-ratios