Loadsmart

New study shows detention improving slightly but still pervasive

Costs and Consequences of Truck Driver Detention: A Comprehensive Analysis

(Source: ATRI)

The American Transportation Research Institute recently released a report detailing the impacts and costs associated with truck driver detention. ATRI’s report defined detention as, “any time spent at a customer facility in which a driver is waiting for active operations to commence or resume is operationally considered detention, this research follows a standard industry definition of detention as any dwell...

https://www.freightwaves.com/news/new-study-shows-detention-improving-slightly-but-still-pervasive

Loadsmart acquires NavTrac to bring computer vision to yard management

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FreightTech platform Loadsmart announced Thursday it has acquired yard and asset management provider...

https://www.freightwaves.com/news/loadsmart-acquires-navtrac-to-bring-computer-vision-to-yard-management

White Paper: Assessing Shippers’ Adaptability to Market Changes

The freight market, like many sectors, operates in cycles. Currently, it’s in a deflationary state. However, it’s crucial to remember that downturns are not permanent; they are simply one market phase. This period of contraction presents an ideal opportunity for shippers and freight companies to regroup, reassess their strategies and prepare for the anticipated upswing.

The upcoming period of inflation offers the chance for businesses to leverage the lessons learned during the downturn and adopt...

https://www.freightwaves.com/news/white-paper-assessing-shippers-adaptability-to-market-changes

StoneLoads taps Loadsmart as FreightTech partner

Technology-first logistics service providers (LSPs) entered the supply chain industry to automate mundane tasks typical at traditional third-party logistics providers, including carrier load matching and pricing.

Now tech-enabled LSPs are raising the stakes, not just using technology to create operational efficiencies but leveraging a tech-focused workforce to build value-driven integrations for shippers looking to optimize their specialized marketplaces.

An example of this is a partnership...

The Log Book: Loadsmart, Home Depot Foundation give back to veterans

The Log Book is a weekly rundown of human-interest stories related to the transportation industry. This week: Loadsmart teams up with The Home Depot Foundation to support veterans, Ruan aids a community after celebrating its 90th anniversary, and Walmart donates to nonprofits at the grand opening of a new e-commerce fulfillment center in Pennsylvania.

Loadsmart, Home Depot Foundation help veterans

On-demand freight marketplace Loadsmart teamed up this week with its customer’s non-profit arm, The...

https://www.freightwaves.com/news/the-log-book-loadsmart-home-depot-foundation-give-back-to-veterans

Commentary: In defense of the unicorns

Flexport’s $935 million series E this week raised eyebrows for a number of reasons: The rich $8 billion post-money valuation, or $7.065 million pre-money, meant that the digital freight forwarder was ultimately priced at 2.14 times its reported $3.3 billion 2021 revenue. 

The announcement provoked an incredulous reaction from transportation industry watchers, including legacy media and competing 3PLs. Just like after other big capital raises by FreightTech startups, we heard the usual...

https://www.freightwaves.com/news/commentary-in-defense-of-the-unicorns

Loadsmart becomes FreightTech’s next unicorn at $1.3B valuation with SoftBank investment

On-demand freight marketplace Loadsmart announced Tuesday it has closed a $200 million series D round led by SoftBank Group’s Latin America Fund with participation from rail transportation company CSX Corp., asset manager Janus Henderson Group and its existing investor, BlackRock Inc.

The Chicago-based company’s series D round has landed the freight marketplace a $1.3 billion valuation, almost three times its valuation after closing its series C in November, showcasing the desirability of...

https://www.freightwaves.com/news/loadsmart-becomes-freighttechs-next-unicorn-at-13b-valuation-with-softbank-investment

Trucker Path partners with Loadsmart to provide more capacity

Trucker Path is partnering with Loadsmart to offer a better booking experience for drivers and carriers across North America.

The agreement between the companies integrates Loadsmart with Trucker Path’s TruckLoads freight matching load board, which has grown to nearly 100,000 carriers. 

Trucker Path’s community of more than 1 million users now have access to loads on the Loadsmart platform, which come with book-instant or bid-on prices.

“By bringing Loadsmart into Trucker Path’s ecosystem, we will...

https://www.freightwaves.com/news/trucker-path-partners-with-loadsmart-to-provide-more-capacity

Loadsmart challenges brokers to offer more than automation

Automating for the sake of automating accomplishes little in the way of supply chain optimization.

“People have become obsessed with these automation messages about digital brokerages,” Loadsmart co-founder and co-CEO Felipe Capella told FreightWaves. “Often when you automate the internal inefficiencies of a brokerage, there is no added value to the shippers or carriers. [Shippers and carriers] don’t care about your inefficiencies. We need to start talking about the value proposition [of digital...

https://www.freightwaves.com/news/loadsmart-challenges-brokers-to-offer-more-than-automation

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