Forager

Forager releases instant cross-border contract pricing

Forager, the technology platform powering the complex North American cross-border freight market, has released instant contract pricing for dry van truckload movements on SCOUT, its proprietary software.

Using SCOUT, shippers can build a lane and lock in contracted freight rates in a matter of minutes. Specifying load attributes like origin, destination, crossing, commodity, weight, and whether the load can be transloaded or not is accomplished with drop-down menus. Lane frequency and start/stop...

https://www.freightwaves.com/news/forager-releases-instant-cross-border-contract-pricing

Borderlands: Truck capacity tight near Mexican border; millions in drugs found in shipments of ketchup and onions

Borderlands is a weekly rundown of developments in the world of United States-Mexico cross-border trucking and trade. This week: Truck capacity tight near Mexican border; drugs found in shipments of ketchup and onions; DHL opens new foreign trade zone in El Paso; and Commerce opens inquiry aimed at Mexican wire mesh.

Freight volumes rising across Texas as border capacity tightens

Long-haul freight volumes are rising across Texas — especially in Houston, Laredo, San Antonio and Austin — with...

https://s29755.pcdn.co/news/borderlands:-truck-capacity-tight-near-mexican-border;-millions-in-drugs-found-in-shipments-of-ketchup-and-onions

Logistics startup Forager secures more investors

Forager, a Chicago-based freight tech startup firm, recently snagged three new investors as the company continues to grow.

Proeza Ventures, Industrious Ventures and Purple Arch Ventures have been added to Forager’s Series A round of financing, which initially closed in March and is now oversubscribed at $10.5 million.

The funding will allow Forager to continue to enhance the company and expand its technology platform SCOUT, said Matt Silver, founder and chief executive officer of Forager.

“We had...

https://s29755.pcdn.co/news/logistics-startup-forager-secures-more-investors

Volatile US-Mexico auto industry disrupts border trucking capacity

As the coronavirus pandemic continues to hit auto supply chains hard, trucking capacity has been volatile at key ports of entry along the United States-Mexico border.

In Laredo, Texas, outbound tender volume (OTVI.LRD) has fallen slightly over last week, while outbound tender rejections (OTRI.LRD) have spiked during the same time, setting upward pressure on rates, according to FreightWaves’ SONAR platform.

The Outbound Tender Reject Index for Laredo, Texas, (OTRI.LRD) on FreightWaves’ SONAR...

https://s29755.pcdn.co/news/volatile-us-mexico-auto-industry-disrupts-border-trucking-capacity

Trade with Mexico could be key as US emerges from coronavirus

As the coronavirus pandemic continues and the July 1 start date for the United States-Mexico-Canada Agreement (USMCA) nears, logistics experts weighed in on how to strategize for the future during a recent webinar.

“The Impacts of COVID-19 on the United States, Mexico, and Canada Cross-border movements” webinar was presented by the Transportation Intermediaries Association on Thursday, with presenters from the U.S. and Mexico. 

Jessie Essman, chief operating officer for Chicago-based Forager,...

https://s29755.pcdn.co/news/trade-with-mexico-could-be-key-as-us-emerges-from-coronavirus

Canadian freight claws out from ‘deep hole’

A tractor-trailer of Canadian carrier Challenger Motor Freight

Canadian freight appears to have turned a corner — at least as far as truckload volumes are concerned.

At Challenger Motor Freight, one of Canada’s largest carriers, the change took shape after volumes bottomed out about two weeks ago.

“It’s coming back,” Challenger President Dan Einwechter told FreightWaves. “But we have a long way to go. It’s a deep hole.”

A key measure of Canadian truckload volumes, the Outbound Tender Volume Index-Canada (OTVI.CAN) on FreightWaves’ SONAR platform, had climbed...

https://www.freightwaves.com/news/canadian-freight-claws-out-from-deep-hole

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