Logistics software provider Alvys announced Monday it has closed its Series A with $20.5 million in funding led by Titanium Ventures, with participation from Picus Capital and existing investors RTP and Bonfire. The company is looking to continue to develop its current offerings and support customer growth. Alvys has raised about $30 million to date.
Nick Darman, founder and CEO, told FreightWaves in an email Alvys is prioritizing its development in less-than-truckload and cross-border...
In March, Louisville, Kentucky, hosted the 52nd Mid-America Trucking Show, an event drawing a dynamic spectrum of stakeholders ranging from trucking companies, technology providers and OEMs to parts manufacturers and industry experts. This annual gathering serves as both a showcase of emerging trends and a celebration of the trucking lifestyle.
FreightWaves seized the opportunity to dive into current innovations, conducting interviews with four FreightTech companies poised to revolutionize...
https://www.freightwaves.com/news/freighttech-friday-4-tech-companies-freightwaves-met-at-mats
On this week’s Drilling Deep, Chris Oliver at Trucker Path discusses a recent finding from his company’s enormous data stream: Parking seems to be getting a little easier to find.
And prices are set by supply and demand. In his oil market commentary, host John Kingston notes that while there has been a lot of focus on supply in recent weeks, the demand picture into 2024 has been a key reason for the slide in oil prices.
More articles by John Kingston
The post Drilling Deep: Is the truck parking...
https://www.freightwaves.com/news/drilling-deep-is-the-truck-parking-squeeze-easing
A report published Wednesday by Morgan Stanley Research highlights demand expectations and how carriers and brokers are hungry for freight. The 37-page report is a combination of survey data and pricing models, with expectations and sentiment for the next three months indicating a negative outlook.
According to the survey, the demand for freight remains strong, with one shipper saying,...
High driver turnover is an issue almost everyone in the logistics industry is familiar with, if not grappling with, as drivers jump between carriers in pursuit of better opportunities.
Drivers leave jobs for a variety of reasons — to receive a sign-on bonus or pay raise at a different trucking company, to seek routes closer to home, to find better management or even to change professions.
Trucker Path has been giving truck drivers tools since 2013 to make navigating life on the road more...
https://www.freightwaves.com/news/route-planning-tool-helps-drivers-overcome-daily-frustrations
LOUISVILLE, Ky. — Trucker Path is getting into the dispatching business, creating a unit that will compete with the army of private dispatchers servicing owner-operators and small fleets.
Kicking off the Mid-America Trucking Show here, the first gathering of the large truck show in three years, Trucker Path CMO Chris Oliver said the initiative would begin with roughly a dozen dispatchers. They are full-time employees of Trucker Path and cannot remain independent dispatchers while also managing...
https://www.freightwaves.com/news/trucker-path-moves-into-dispatching-opens-with-dozen-dispatchers
Trucker Path is partnering with Loadsmart to offer a better booking experience for drivers and carriers across North America.
The agreement between the companies integrates Loadsmart with Trucker Path’s TruckLoads freight matching load board, which has grown to nearly 100,000 carriers.
Trucker Path’s community of more than 1 million users now have access to loads on the Loadsmart platform, which come with book-instant or bid-on prices.
“By bringing Loadsmart into Trucker Path’s ecosystem, we will...
https://www.freightwaves.com/news/trucker-path-partners-with-loadsmart-to-provide-more-capacity
Back in 2015, the popular trucker app Trucker Path became one of the first in the trucking technology space to raise a Series A with a $100 million-plus valuation.
The company, which uses crowdsourced data to help drivers navigate, find...
https://s29755.pcdn.co/news/seeking-a-more-sustainable-business-model-trucker-pathnbsp
Motel 6 is partnering with Trucker Path to offer a discount on room rates as a way to say thank you to truck drivers hauling essential goods during the coronavirus pandemic.
Motel 6 is offering a 12% discount to truck drivers who book a room at one of its 1,400 hotels through the Trucker Path app.
“At Motel 6, we are committed to leaving the light on for drivers who are bravely continuing on their routes, bringing much needed medical supplies, food and goods to communities across the U.S.,” said...