When Microsoft veteran Chris Puelma started as chief executive officer of Houston-based transportation management system provider PCS Software in January 2020, he saw a big opportunity for growth and value creation. PCS is an incumbent in the FreightTech industry, having been founded in 1997 to serve asset-based trucking carriers, and over the years had accumulated an enormous amount of data and industry expertise that could be leveraged for the benefit of a broader user base.
“The software...
Manufacturing and labor shortages, along with rising fuel costs, have left the transportation industry in a state of perpetual uncertainty. Only time will tell when these situations will ease, but current trends don’t paint a promising picture.
The price of diesel hit a record-setting $5.703 a gallon on Monday, surpassing the previous record of $5.623 a gallon set on May 9.
What’s even more astounding is that the 16.4 cent weekly gain set on Monday isn’t even one of the largest increases this...
https://www.freightwaves.com/news/tms-upgrade-spurs-newfound-confidence-in-shippers-carriers
The Daily Dash is a quick look at what is happening in the freight ecosystem. In today’s edition, Nikola Motor Corp. founder Trevor Milton can begin selling his stock shares on Monday, potentially flooding the market with as many as 91 million shares. Plus, we explore the role political action committees play in furthering the agenda of transportation entities and diesel backers see silver linings in a Joe Biden administration.
Will he or won’t he?Nikola Motor Corp. (NASDAQ: NKLA) founder Trevor...
PCS Software has acquired UltraShipTMS, a cloud-based supply chain transportation management system (TMS) company.
Houston-based PCS said the acquisition allows it to expand on its “existing transportation logistics management and fleet management capabilities and expand its capabilities to create one integrated shipper and carrier platform.”
Terms were not disclosed.
“UltraShipTMS is a force in the TMS industry and is known for its quality supply chain and logistics technology solutions. The...