freight brokers

Echo smashes estimates, reporting record revenue and volume

In third-quarter 2020 financial and operational results released after trading ended on Wednesday afternoon, Chicago-based third-party logistics provider Echo Global Logistics (NASDAQ: ECHO) reported record gross revenues, which grew by 23.2% year-over-year to $691.5 million.

That smashed the consensus estimate of $608 million and was $76.5 million more than the upper limit of guidance provided by management in the second-quarter earnings release, largely driven by substantial volume growth in...

https://www.freightwaves.com/news/echo-smashes-estimates-reporting-record-revenue-and-volume

Company Culture Update: Using technology to empower employees, not replace them

Innovations in technology have provided freight brokers with efficient solutions for their clients. But as digital freight brokerages gain traction, in what capacity does the human element factor into each transaction? On this episode of Company Culture Update, Trailer Bridge Vice President of Logistics Eric Masotti discussed the benefits of incorporating virtual solutions and human engagement with Emily Szink, FreightWaves’ executive vice president of content.

Although freight tech has enabled...

https://s29755.pcdn.co/news/company-culture-update-using-technology-to-empower-employees-not-replace-them

Trident Transport grows headcount by 25% during COVID-19

Trident Transport, a full-truckload freight brokerage based in Chattanooga, Tennessee, with offices in Tampa, Florida, and Minneapolis, has pushed through pandemic-related disruptions to the transportation industry and continued growing at a rapid clip.

Trident was named to the Inc. 5000 list of the country’s fastest-growing companies for the third year in a row, recording a three-year revenue growth rate of 768.8%. Founded in 2013 by freight industry veterans from Access America and Coyote...

https://www.freightwaves.com/news/trident-transport-grows-headcount-by-25-during-covid-19

Zuum seeks to ‘unite and defragment’ digital logistics

Zuum Transportation

Digital logistics platform Zuum Transportation closed its second round of seed funding at $8.58 million for a total raise of $12.58 million as the industry rush to automate and streamline freight processes continues unabated.

Founded in 2016, Zuum got its start providing a digital marketplace, followed by a “broker-in-a-box” solution that allowed brokers to automate and scale. That product ultimately evolved into a more comprehensive platform, including a shipper transportation management system...

https://www.freightwaves.com/news/digital-logistics-platform-seeks-to-unite-and-defragment

The Daily Dash: Broker transparency, truck orders and the Inc. 5000

The Daily Dash is a quick look at what is happening in the freight ecosystem. In today’s edition, the Federal Motor Carrier Safety Administration is seeking input on a potential broker transparency regulation. Plus, the Inc. 5000 is out and logistics and transportation is well represented, Daseke sees a bright future, and Daimler Trucks North America reaches pre-pandemic manufacturing levels.

Tell us what you really think

After months of complaints, the Federal Motor Carrier Safety Administration...

https://www.freightwaves.com/news/the-daily-dash-broker-transparency-truck-orders-and-the-inc-5000

FreightWaves 3PL Summit: Broker benchmarking (with video)

FreightWaves President George Abernathy and VP of Customer Success & Benchmarking Todd Davis talk broker benchmarking program at FreightWaves 3PL Summit
FreightWaves George Abernathy and Todd Davis talk benchmarking capabilities for brokers

FreightWaves’ President George Abernathy and VP of Customer Success and Benchmarking Todd Davis had a virtual fireside chat during Tuesday’s 3PL Summit to discuss benchmarking services for brokers provided by FreightWaves Benchmarking.

Under the program, carriers and now brokers submit their internal financial and operating data to FreightWaves to be compiled for benchmarking — or ranking — purposes....

https://www.freightwaves.com/news/freightwaves-3pl-summit-broker-benchmarking-with-video

Commentary: Another freight forwarding disruptor joins the fray

The views expressed here are solely those of the author and do not necessarily represent the views of FreightWaves or its affiliates. 

Late last month, Beacon – a digital freight forwarder based in the U.K. – announced that it had raised $15 million in a Series A round of financing. It also announced that Jeff Bezos was one of the investors in that round.

Bezos’ investment instantly became an issue of discussion among people who follow early-stage technology startups in the freight markets. The...

https://www.freightwaves.com/news/commentary-another-freight-forwarding-disruptor-joins-the-fray

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