Trailer pools

FreightVana to acquire Loadsmith, grows drop trailer network

Phoenix-based logistics provider FreightVana announced on Wednesday it plans to acquire freight brokerage Loadsmith, further solidifying its position in the power-only logistics market. The acquisition, set to be finalized by the end of the month, will see Loadsmith’s employees transition to the FreightVana team, operating under its established brand. This move aims to enhance FreightVana’s capabilities and accelerate its growth in delivering technology-driven freight solutions.

“We both built...

https://www.freightwaves.com/news/freightvana-to-acquire-loadsmith-grows-drop-trailer-network

Uber Freight extends Powerloop drop-and-hook network nationally

LOUISVILLE, Ky. — Managed transportation provider Uber Freight announced Wednesday at the Mid-America Trucking Show that it has expanded its drop-and-hook solution Powerloop nationally and enhanced its load bundling options, and that it’s utilizing new trailer technology to help shippers fight fraud.

Powerloop, first introduced in 2018, enables Uber Freight’s shippers to access over 1,000 dry van...

https://www.freightwaves.com/news/uber-freight-extends-powerloop-drop-and-hook-network-nationally

FreightVana’s new hire focuses on efficiency at the scaling startup

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In the transformative world of logistics, when experienced people team up with smart technology, big...

https://www.freightwaves.com/news/freightvanas-new-hire-focuses-on-efficiency-at-the-scaling-startup

Trailer pooling gains more interest in Repowr’s $8M Series A raise

An important rule of trucking is to keep your assets active. 

Now with the help of logistics platforms, like Repowr, if you can’t keep them active, there are marketplaces that will do that for you.

Repowr’s strategy of building an equipment network of trucks and trailers is taking off, and investors are beginning to catch wind of it.

On Wednesday, Repowr announced it had closed an $8 million Series A round led by transportation venture capital firm UP.Partners with participation from industry...

https://www.freightwaves.com/news/trailer-pooling-gains-more-interest-in-repowrs-8m-series-a-raise

Loaded and Rolling: Trailer pools’ hedge rate declines; electric truck infrastructure interview

Trailer pools as a hedge against contract rate declines
A row of trailers at a trailer pool(Photo: Jim Allen/FreightWaves)

While digging through earnings reports and CEO comments, I found a few very interesting quotes on how enterprise carriers utilize trailer pools as a form of hedging against drastic contract rate reductions. Not only is this strategy useful for the carrier to avoid the often two-plus hours of waiting for a live load/unload appointment, but it frequently gives shippers flexibility to load equipment at their...

https://www.freightwaves.com/news/loaded-and-rolling-trailer-pools-hedge-rate-declines-electric-truck-infrastructure-interview

Convoy Go supports private fleets with power-only capacity

It’s vital to continue to innovate Convoy’s suite of products to enable small carriers to compete with larger competitors, says Dan Lewis, co-founder and CEO of the digital freight network.

“We work with a lot of smaller carriers, mostly owner-operators,” Lewis said in a recent interview with FreightWaves. “How do we build more features and services into the app to empower them to help them feel like they can operate their business, have security and get paid fairly? … We have already done...

https://www.freightwaves.com/news/convoy-go-supports-private-fleets-with-power-only-capacity

Momentum building to slash detention times

Idle hands may be the devil’s workshop, but idle trucks don’t work for anybody.

Driver detention is the downtime in hauling that befalls truckers at pickup or delivery locations. Everyone in the industry dreads delays, especially expensive ones, and detention costs do enormous harm to the bottom line.

In fact, driver detention times have become such a pressing issue that even U.S. lawmakers are urging the Federal Motor Carrier Safety Administration (FMCSA) to address the matter.

The $494 billion...

https://www.freightwaves.com/news/momentum-building-to-slash-detention-times