As retailers and consumers demand products that are made sustainably throughout all stages in the supply chain, a transparency software platform provider TrusTrace may have the technology to provide the necessary traceable data.
The Stockholm, Sweden-based company closed a Series A funding round with $6 million in investments Thursday. The round was led by Industrifonden and Fairpoint Capital, with additional participation from previous investors BackingMinds and Fashion for Good.
“TrusTrace...
The fight to secure trucks continues into late January, even after the expected loosening of post-holiday capacity when volumes ease and drivers return to the road. While tender rejections are following a seasonal downward pattern, the levels are much higher than two years prior and carriers are still rejecting almost one out of every four tenders at contract rates.
SONAR: OTRI.USA (2020/21 – Blue; 2020 – Orange; 2019 – Green)
What makes this capacity issue even more complicated is that driver...
Trucking industries across the world ubiquitously suffer from fragmentation within their markets, which has complicated efforts to ensure end-to-end visibility across logistics operations. In Turkey, one of the largest markets around Europe and the Middle East, the story is no different.
Roughly 95% of all trucks in the Turkish market belong to individual owners. With 92% of all freight moved inland being on the highways, the Turkish market contends with inefficiencies that can be reduced with...
https://s29755.pcdn.co/news/tirport-ushers-real-time-visibility-into-trucking-industry
Digital brokerages have dominated headlines in recent years, but some old standbys continue to perform. And for some of them, like XPO Logistics (NYSE: XPO), the idea that digital brokerages represent a new way of moving freight masks the fact that many traditional brokerages have remained at the cutting edge, and even in the lead, of the digital revolution.
“We don’t think of ourselves as an incumbent broker,” Lou Amo, president of Freight Brokerage and Expedite at XPO Logistics, told...
https://www.freightwaves.com/news/technology-is-changing-the-way-freight-brokerages-operate