Convoy’s Goodale: shippers will demand responsive digital solutions as volatility becomes the norm

On Wednesday morning, May 6,Convoy co-founder and chief technology officer Grant Goodale joined FreightWaves chief strategy officer JT Engstrom for a conversation about the future of freight and supply chain innovation.

The conversation centered on how Convoy’s technology first drove automation in its own operations, which then allowed the company to deploy resources to make the entire supply chain more efficient. Broadly conceived, those initiatives seem to come in two large buckets. Strategic...

https://s29755.pcdn.co/news/convoys-goodale-shippers-will-demand-responsive-digital-solutions-as-volatility-becomes-the-norm

Trucking markets: Brokerage margins compressed in Q1

The first quarter of the year is typically a time of wider gross margins for freight brokerages as new contract awards come online but spot rates stay relatively low on weak seasonal demand. It’s different this time, though – a full year of weak rates has made shippers more aggressive, even though carriers have little left to give. 

That meant that across the industry, we saw freight brokerage margins compress in the first quarter of 2020 compared to the year prior. This happened at C.H....

https://www.freightwaves.com/news/trucking-markets-brokerage-margins-compressed-in-q1

Uber Freight has moved tens of thousands of touchless loads

Digital freight brokerage Uber Freight announced this morning that it has moved tens of thousands of touchless loads with no human intervention. The company termed this a “major milestone in product automation” after moving its first touchless load last fall.

These advances, an Uber Freight spokesperson made clear, involve more complex tasks than pricing and matching, including appointment scheduling and award and document management. Uber Technologies (NYSE: UBER) will announce its first...

https://s29755.pcdn.co/news/uber-freight-has-moved-tens-of-thousands-of-touchless-loads

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