The freight market remains in flux as what once was a persistently inflationary upswing gave way to the current lingering down market. At this year’s Future of Supply Chain event in Atlanta, executives of companies ranging from freight brokerages to back-office solutions providers to factoring companies talked about what’s next in logistics and their thoughts regarding the current freight cycle, giving insights into their strategy once the market turns.
A common theme among executives at the...
Enterprise training software provider Learn to Win announced on Wednesday an oversubscribed $30 million Series A raise led by the Westly Group with participation from Norwest Venture Partners and PearVC.
The company plans to use the funds to continue building out training platforms for high-pressure work organizations that can’t easily remove employees from everyday work for continuous job training.
Since its founding in 2019, Learn to Win has implemented AI-driven training programs for Novartis,...
The ongoing freight recession has now plagued the market for longer than the COVID boom, but high-frequency data from FreightWaves SONAR suggests it might be coming to an end sooner rather than later. Brokers, however, should not expect a market turn to completely alleviate the downward pressure on their gross margin.
While the freight recession has had a negative impact on both brokers’ margins, and carrier linehauls, an explosion of automation and technology, along with an unprecedented number...
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Transportation fintech provider OTR Solutions announced Tuesday it has acquired back-office...
Last year was a treacherous time to be in the logistics industry. While experts are more optimistic about 2024, flipping the calendar over to January did not offer instantaneous relief.
Brokers and carriers are still feeling the sting of the ongoing freight recession, and factoring companies can be critical partners during this time. This is especially true as freight brokers – ranging from small companies to household names – continue to enter and exit the market at breakneck speeds.
When a...
The ongoing freight recession has created a difficult operating environment for carriers and brokers alike. The sheer amount of capacity in the markets remains significantly higher than demand. At the same time, brokers are entering and exiting the market at a rapid pace.
This combination of challenges has made it difficult for carriers to create and maintain lucrative partnerships in recent years.
While spirits were lifted during the third quarter of 2023, brokers and carriers have seen a stark...
The freight industry has seen a wave of brokerage bankruptcies in recent months, and that surge is causing significant disruptions for carriers, undermining their financial and operational stability.
Rachel Premack, editorial director at FreightWaves, and Clayton Griffin, chief strategy officer and EVP at OTR Solutions, spoke on current challenges during a fireside chat Wednesday at FreightWaves’ F3: Future of Freight Festival. Their conversation centered on obstacles faced by freight brokerages...
https://www.freightwaves.com/news/what-recent-brokerage-failures-tell-us
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With brokerages closing and some filing for Chapter 11 protection, a major factoring company has...
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The factoring company OTR Solutions has put Seattle-based digital freight brokerage Convoy on its...
https://www.freightwaves.com/news/breaking-convoy-cut-off-by-otr-solutions
OTR Solutions announced Tuesday it has launched OTR Clutch, a banking application for carriers.
OTR Clutch enables all U.S.-based carriers to open what functions much like a standard bank account. Fleet managers can extend account access to others and set spending limits on cards. Those that utilize OTR Solutions for their factoring needs can link their Clutch accounts to the company’s platform to guarantee quick access to earnings.
“We are very excited to launch OTR Clutch not only as a...
https://www.freightwaves.com/news/otr-launches-clutch-debit-card-service