Partial truckload

Flock reports layoffs, path to profitability

Friday marked a turn of events for Flock Freight, a provider of shared truckload solutions, as the company decided to reduce its workforce by 54 individuals. The company last reported layoffs in April of 2023. 

This strategic move was aimed at recalibrating the company’s trajectory towards profitability. The positions affected were primarily back office roles, focusing on enhancing automation for Flock’s operational efficiencies.

“The people supporting our customers and carriers and those...

https://www.freightwaves.com/news/flock-reports-layoffs-path-to-profitability

Why you’ll never give the partial, LTL or truckload shipping modes your midsize freight again

Faster, safer, better — these consumer expectations for e-commerce delivery are driving a speed-focused freight market. This need for speed has inspired e-tail giants like Amazon to set new shipping standards for same-day delivery. The only way for manufacturers and shippers to provide such quick service? Sending products right away.

Historically, shippers with 10-28 linear feet of freight have had three types of service to choose from:

  • Partial truckload (PTL)
  • Volume less-than truckload (VLTL)
  • Tr...

https://www.freightwaves.com/news/why-youll-never-give-the-partial-ltl-or-truckload-shipping-modes-your-midsize-freight-again

Do changing LTL limits create new hurdles for shippers?

Every company aims for maximum profitability. The rapid introduction of technology has allowed companies across the supply chain to drill deeper into their business models and discover previously hidden opportunities to bring in more revenue. For less-than-truckload carriers, that has meant lowering linear-foot caps from 16 linear feet to 12 linear feet and turning away freight that exceeds those caps. When less-than-optimal freight is not outright denied, punitive pricing measures make moving...

https://www.freightwaves.com/news/do-changing-ltl-limits-create-new-hurdles-for-shippers

How can trucks reduce fuel consumption?

A common theme for driving down greenhouse gas (GHG) emissions from vehicles has been centered around a common narrative: switching to electric vehicles. Unfortunately, making this switch does not eliminate all emissions, as a majority of the leftover GHG emitted comes from the production of electricity to fuel the vehicle.

The investment in one of these vehicles can range up to $150,000 to $180,000, something that may be difficult for smaller owner-operators to afford.

Fortunately, there are...

https://www.freightwaves.com/news/how-can-trucks-reduce-fuel-consumption

Flock Freight completes $113.5M Series C

F​lock Freight,​ a technology startup that offers a shared truckload shipping solution, has raised $113.5 million in a Series C, the latest in a series of noteworthy funding rounds completed by maturing digital freight companies.

Softbank led the round, with participation from existing investors SignalFire, GLP Capital Partners and Google Ventures, as well as a new strategic partner, Volvo Group Venture Capital, which provides support from the OEM’s trucking arm. 

Based in San Diego, Flock...

https://s29755.pcdn.co/news/flock-freight-completes1135m-series-c