Digital Freight Matching

With excess capacity and lower rates, the digital freight matching (DFM) market is keeping its eye on the ball as the segment ramps up to leverage AI to gain visibility and improve real-time monitoring capabilities.

Various media reports are indicating that Seattle-based digital freight broker Convoy is taking steps to wind down its business operations.

Digital freight brokerage Convoy is expected to announce its future in the next 48 hours as rumors swirl that the company, once worth $3.8 billion, could be shutting down.

FreightFriend’s software offerings include a carrier relationship management (CRM) platform, freight matching and a relationship-based marketplace, and predictive new carrier discovery.

The logistics industry will evolve to adapt to various challenges and enterprising organizations are investing in exciting new technologies to address some of the most pressing pain points affecting transportation and logistics.

Total quarterly shipments increased 6.8%, from the second quarter to the third quarter, and saw a 10.6% annual gain, and total revenue saw a 10.3% increase, from the second quarter to the third quarter, while seeing a 36.1% annual gain.

The July announcement that San Francisco-based Uber Freight, a subsidiary of the ubiquitous, ride-sharing service Uber, whose proprietary app matches trucking companies with loads to haul, was acquiring Frisco, Texas-based Transplace, a non-asset-based third-party logistics services provider, for roughly $2.25 billion and consisting of up to $750 million in common stock of Uber, was made official today.

Register for this webinar to learn eight ways to save time and money on freight and how you can leverage Convoy’s digital freight network to gain efficiencies in your logistics operations.

As the initial shock, or surprise, of last week’s announcement that San Francisco-based Uber Freight announced it is acquiring Frisco, Texas-based Transplace.

Earlier today, San Francisco-based Uber Freight, a subsidiary of the ubiquitous, ride-sharing service Uber, whose proprietary app matches trucking companies with loads to haul, announced it is acquiring Frisco, Texas-based Transplace, a non-asset-based third-party logistics services provider, for roughly $2.25 billion and consisting of up to $750 million in common stock of Uber.

Irvine, Calif.-based ZUUM Transportation Inc. recently announced it has rolled out a new platform for freight brokers, entitled ZUUM Automated Broker, which it said is the most powerful software available focusing on digitizing freight brokerages.

Convoy's digital freight network offers dynamic pricing that’s resilient to market volatility.

Download the report to see trends and insights from 2020 that Convoy’s analysis uncovered.

Register for the March 4, 2021 webcast entitled "Why Every Shipper Needs a Digital Freight Network"

Charting a course to mitigate high market uncertainty - in this article we first explore the likely freight market trends to shape the coming year and then some recommendations.