In partnership with Uber Freight, the photo collection Sisters of the Road by photographer Anne Marie Michel begins its U.S. tour on Friday outside San Francisco, honoring the women’s trucking community for Women’s History Month.
Sisters of the Road dives into the lives of female truckers across the U.S., highlighting their struggles, industry improvements and the need for ongoing progress. Michel found...
Although the financial performance at RXO improved from the third to the fourth quarter of 2023, the year-to-year comparisons showed a stark downturn, which led analyst Brandon Oglenski from Barclays to ask a question on the 3PL’s earnings call with analysts.
RXO (NYSE: RXO) management on the call was mostly upbeat. CEO Drew Wilkerson kicked off the hourlong chat by saying, “Our model delivered outperformance for 2023.”
But Oglenski, according to a transcript of the call, was focused more on...
There was little positive in the Uber Freight portion of Uber Technologies’ fourth-quarter earnings as its revenue and bottom line continue to languish.
Earnings before interest, taxes, depreciation and amortization at the digital brokerage and TMS provider remained negative at minus $14 million and now hasn’t seen a positive number for six quarters. The last time there was black ink in Uber Freight’s EBITDA was the third quarter of 2022, when it eked out a $1 million positive EBITDA. The...
https://www.freightwaves.com/news/uber-freights-revenue-and-ebitda-still-weak
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Freight broker and logistics provider C.H. Robinson Worldwide Inc. on Wednesday took the public...
https://www.freightwaves.com/news/robinson-unwraps-truckload-appointment-scheduling-software
Managed transportation provider Uber Freight announced on Monday that it has taken the first steps in activating an API technical standard produced by the Scheduling Standards Consortium (SSC) industry group. The group released its standards to the FreightTech industry on GitHub in October.
The need for an API scheduling standard stems from the recognition that fragmented processes, especially in transportation appointment scheduling, hinder the efforts of FreightTech companies seeking...
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Logistics leader Uber Freight confirmed Tuesday that it was forced to cut a number of jobs in order...
https://www.freightwaves.com/news/digital-brokerage-uber-freight-slashes-jobs
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Even as manufacturing of electrolyzers grows, the hydrogen-making devices barely address the...
The same driverless technology that Kodiak Robotics plans to put on highways in late 2024 has application to the military, which sees leveraging commercially developed innovation as smarter than creating everything itself.
Following Kodiak’s reveal of its Ford F-150-based prototype autonomous vehicle for the U.S. Army on Monday, Kodiak founder and CEO Don Burnette and I discussed dual-use technology, the recent comings and goings in the autonomous trucking space and a thawing of investor...
https://www.freightwaves.com/news/are-startup-investors-getting-past-the-fomu-cycle
Fraud rates are on the rise, increasing significantly in 2022 and continuing to climb throughout 2023. In fact, the total annual impact of stolen freight came in at a shocking $223,096,368 last year, according to data from CargoNet.
Reports of fraud skyrocketed last year, jumping 400% between 2021 and 2022. Reports then climbed another 57% between the second quarter of 2023 and the same quarter last year.
Chris McLoughlin, Uber Freight’s director of compliance, attributes this staggering...
https://www.freightwaves.com/news/collaboration-stops-cargo-crime-in-its-tracks