Forager

Borderlands: El Paso border crossing aims to recover from huge 2020 trade drop

Borderlands is a weekly rundown of developments in the world of United States-Mexico cross-border trucking and trade. This week: El Paso border crossing looks to rebound in 2021; logistics firm expands with Dallas shipping hub; Suddath acquires Texas-based Daryl Flood Inc.; and $2 million of meth hidden in shipment of rugs.

El Paso border commercial crossing looks to rebound in 2021

The coronavirus pandemic delivered a heavy hit last year to commercial trade at the United States-Mexico border...

https://s29755.pcdn.co/news/borderlands-el-paso-border-crossing-aims-to-recover-from-huge-2020-trade-drop

Borderlands: Supply chain woes halt more automakers

Borderlands is a weekly rundown of developments in the world of United States-Mexico cross-border trucking and trade. This week: Supply chain issues halt more automakers; GrubMarket acquires Texas produce wholesaler; WDSrx opens pharmaceutical warehouses in Texas, Nevada; and Peak-Ryzex announces partnership with distributor, logistics firm.

Supply chain issues halt more automakers

A shortage of semiconductor chips has turned the global automotive industry upside down over the last several months.

https://s29755.pcdn.co/news/borderlands-supply-chain-woes-halt-more-automakers

Forager launches transparent cross-border load board

The transportation industry’s growing willingness to embrace technology has empowered carriers to make better decisions about which loads they are willing to move. Dozens of innovative tools aimed at helping carriers find quality domestic loads have entered the market over the past several years. Carriers moving cross-border freight, however, have largely been left out of the revolution.

Leading cross-border freight expert Forager is working to fill that opportunity gap with the launch of its...

https://s29755.pcdn.co/news/forager-launches-transparent-cross-border-load-board

Borderlands: Forager expands with Mexico hires

Borderlands is a weekly rundown of developments in the world of United States-Mexico cross-border trucking and trade. This week: Forager expands with Mexico hires; Moova expands into Mexican market; WeDo Logistics acquires Lone Star Overnight; and Mexican carrier acquires 160 Kenworth tractors. 

Forager expands with Mexico hires

FreightTech firm Forager recently expanded its cross-border operations with nine new employees in Mexico.

The expansion provides Forager with a presence in some of...

https://s29755.pcdn.co/news/forager-expands-with-mexico-hires

Borderlands: $1B warehouse and logistics port planned for Laredo

Borderlands is a weekly rundown of developments in the world of United States-Mexico cross-border trucking and trade. This week: A $1 billion warehouse and logistics port is planned for Laredo; RCR Taylor Logistics Park opens in Texas; Volkswagen ends Golf production in Mexico; and Red Sun Farms expands in Pharr.

$1B warehouse and logistics port planned for Laredo

Spurred by strong U.S.-Mexico trade, a Los Angeles-area developer is planning to build a $1 billion distribution center, warehouse and...

https://www.freightwaves.com/news/1b-warehouse-and-logistics-port-planned-for-laredo

The Daily Dash: Lost opportunity for J.B. Hunt

The Daily Dash is a quick look at what is happening in the freight ecosystem. In today’s edition, congestion played a role in J.B. Hunt Transport Services posting a worse year-over-year intermodal margin growth than expected. Plus, even preparation sometimes isn’t enough to stop a ransomware attack, and business-to-business activity has rebounded well from early 2020.

Lost opportunity

Congestion and gate restrictions from rail partners hampered J.B. Hunt Transport Services’ (NASDAQ: JBHT) Q4...

https://www.freightwaves.com/news/the-daily-dash-lost-opportunity-for-jb-hunt

Startup veteran Steve Pho joins Forager’s C-suite

Pho: Forager has to be ‘maniacal’ about unit economics

Steve Pho has joined Forager, the Chicago-based cross-border logistics technology platform, as the company’s chief financial officer and president.

Previously, Pho served as the CFO of online coupon and deal marketplace RetailMeNot, which was acquired by Harland Clarke in 2013, and CFO, COO and then president of Favor Delivery, the Austin, Texas-based food delivery startup acquired by Texas grocery chain H-E-B in 2018.

Pho told FreightWaves...

https://www.freightwaves.com/news/startup-veteran-steve-pho-joins-foragers-c-suite

The Daily Dash: Celadon, one year later; COVID lawsuits pile up

The Daily Dash is a quick look at what is happening in the freight ecosystem. In today’s edition, FreightWaves writer Clarissa Hawes talks to former Celadon drivers one year after the company’s collapse. Plus, Estes has been hit with a COVID-related lawsuit and Covenant is bumping up driver pay.

One year later, it still hurts

It’s been one year since truckload carrier Celadon suddenly shut down, and former truck drivers remain bitter about the closure.

Clarissa Hawes talks to former Celadon...

https://www.freightwaves.com/news/the-daily-dash-celadon-one-year-later-covid-lawsuits-pile-up

Forager’s Silver: Shared vision key to finding the right investors

Matt Silver, the CEO and co-founder of Forager, with Michael Vincent during FreightWaves' FreightTech Venture summit

When it comes to finding a good capital partner, Matt Silver, the co-founder and CEO of cross-border digital freight marketplace Forager, said the startup has been lucky to attract backers who understand its business. Among them: Montreal-based TFI International (NYSE:TFII), one of the largest trucking and logistics companies in North America, led Forager’s pre-seed round. 

“You’re looking for someone who believes in what you’re doing equally with what they’re doing, and they buy into your...

https://s29755.pcdn.co/news/foragers-silver-shared-vision-key-to-finding-the-right-investors

Forager brings new level of transparency to cross-border shipping

The logistics industry has been characterized by cutthroat competition and overall opacity since the very beginning. As technology advances and visibility increases across the sector, the call for increased transparency grows. 

Leading cross-border freight expert Forager has crafted its pricing and booking portal, SCOUT by Forager, to help answer that call. 

Forager’s new website allows users to see all the company’s rates and service fees.

“There are constant themes of lack of trust and...

https://www.freightwaves.com/news/forager-brings-new-level-of-transparency-to-cross-border-shipping

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