The Daily Dash: YRC loan under congressional scrutiny; LTL tonnage climbs

The Daily Dash is a quick look at what is happening in the freight ecosystem. In today’s edition, members of Congress have some questions about a government loan that was granted to YRC Worldwide. Plus, freight tonnage continues climbing in the less-than-truckload segment and prosecutors have asked an appeals court panel for a reversal of a decision that tossed out the conviction of ex-Pilot CEO Mark Hazelwood.

Congressional scrutiny

A controversial government loan to YRC Worldwide (NASDAQ: YRCW)...

https://s29755.pcdn.co/news/the-daily-dash-yrc-loan-under-congressional-scrutiny-ltl-tonnage-climbs

Transfix, project44 announce strategic partnership

Transfix and project44 announce partnership

Transfix and project44 have announced a strategic partnership that both companies said will bring new capabilities to the logistics industry.

The first integration in the multiyear agreement will see project44’s electronic logging device visibility technology become integrated with Transfix’s mobile app-based shipment tracking technology to provide Transfix shippers with more robust tracking data.

“We are constantly looking for ways to reimagine freight and bring innovation to our end-to-end...

https://www.freightwaves.com/news/transfix-project44-announce-strategic-partnership

Reigning champ Amazon takes FreightTech 25 third year in a row (with video)

Undefeated champion Amazon (NASDAQ: AMZN) secured first place in the 2021 FreightTech 25 – a position it has held for the past three years. The Seattle-based disruptor – known most widely for its lightning-fast shipping speeds – seems to have a hand in just about every part of the logistics industry at this point. 

The 2021 FreightTech 25 welcomed several newcomers, and several returning innovators experienced significant position changes. The top three winners, however, remain unchanged from...

https://www.freightwaves.com/news/reigning-champ-amazon-takes-freighttech-25-third-year-in-a-row-with-video

Amid supply chain disruptions, open networks foster agility, collaboration (with video)

Jett McCandless, founder and CEO of project44, and Paige Cox, senior vice president and head of Supply Chain Networks at SAP. (Photo: FreightWaves)

With the breakneck speed of global trade — and disruptions such as the pandemic — no one has the luxury of going it alone in the supply chain. In fact, more than ever, companies need to collaborate and share data via open networks.  

“The open network, it’s a flywheel. That flywheel is really starting to spin fast,” said Jett McCandless, founder and CEO of project44, a Chicago-based supply chain visibility provider. 

McCandless discussed the importance of open networks in global supply chains...

https://www.freightwaves.com/news/amid-supply-chain-disruptions-open-networks-foster-agility-collaboration-with-video

The Daily Dash: Tight capacity could hamper hurricane relief

Hurricane Laura impact on truck capacity

The Daily Dash is a quick look at what is happening in the freight ecosystem. In today’s edition, Hurricane Laura recovery is ongoing, but a lack of trucking capacity could hamper efforts. Plus, Tyson Foods is stepping up its relief efforts and spot rates could benefit from the hurricane.

Recovery on delay?

A tight trucking market could hamper recovery from Hurricane Laura, SONAR data shows. Relief efforts are greatly dependent on transportation of supplies into the disaster zones. With carrier...

https://s29755.pcdn.co/news/the-daily-dash-tight-capacity-could-hamper-hurricane-relief

Trimble adds new features to TMS products, integrations with KeepTruckin and project44

Trimble announced new integrations with KeepTruckin and project44, and several new user features for its transportation management system (TMS) during its virtual in.sight user conference + expo this week. KeepTruckin also announced integrations with Innovative and Vusion, both Trimble companies.

“As the COVID-19 pandemic has shown, maximizing asset uptime is a critical component to keeping the supply chain moving,” said Renaldo Adler, industry principal, asset maintenance for Trimble...

https://s29755.pcdn.co/news/trimble-adds-new-features-to-tms-products-integrations-with-keeptruckin-and-project44

The Daily Dash: Financial growth for the industry and a freight brokerage bucks COVID-19 trends

Smart truck

The Daily Dash is a quick look at what is happening in the freight ecosystem. In today’s edition, the third-quarter financial report of industry lender BMO suggests positive momentum going forward for carriers. Plus, a Tennessee freight brokerage continues record growth despite the pandemic, and new visibility tools and transportation management system integrations aim to improve carrier and shipper operations.

Hopeful signs

The finances of BMO, a major lender to the trucking sector, appear to...

https://s29755.pcdn.co/news/the-daily-dash-financial-growth-for-the-industry-and-a-freight-brokerage-bucks-covid-19-trends

PINC teams up with project44 on next-generation yard solutions

PINC project44

Digital yard management company PINC is joining forces with supply chain Internet of Things platform project44 to enhance real-time visibility and automation solutions for carriers and shippers.

PINC’s system already illuminates and automates operations at transportation nodes, but project44 will provide visibility to customer assets outside yard boundaries, PINC CEO Matt Yearling told FreightWaves.

“This will be the first time that the shippers, carriers and customers will have access to this...

https://www.freightwaves.com/news/pinc-partners-with-project44

Career Tracks: Maersk veteran picked to lead Westwood Shipping

Maritime industry veteran Jack Mahoney has been named president and CEO of Westwood Shipping Lines Inc. following a nationwide search.

Mahoney, a 21-year Maersk executive, will succeed Guy Stephenson, who is retiring as president and CEO after serving in that role since 2007. 

Stephenson, who will continue in a support role as executive adviser and general counsel, said Mahoney “brings a wealth of relevant experience and leadership skills to set Westwood’s next course. I am confident that...

https://www.freightwaves.com/news/career-tracks-maersk-veteran-picked-to-lead-westwood-shipping

Forager releases instant cross-border contract pricing

Forager, the technology platform powering the complex North American cross-border freight market, has released instant contract pricing for dry van truckload movements on SCOUT, its proprietary software.

Using SCOUT, shippers can build a lane and lock in contracted freight rates in a matter of minutes. Specifying load attributes like origin, destination, crossing, commodity, weight, and whether the load can be transloaded or not is accomplished with drop-down menus. Lane frequency and start/stop...

https://www.freightwaves.com/news/forager-releases-instant-cross-border-contract-pricing