truckload brokerages

Logistics Management Group News Editor Jeff Berman recently spoke with Doug Waggoner, CEO of Echo Global Logistics. Topics covered include the state of the freight economy, Peak Season, and capacity, among others.

Three prominent freight transportation experts put this quickly evolving market into perspective in an effort to help shippers keep pace with one of the most dynamic sectors of logistics.

Lately, it seems odd when there is not any news coming about logistics inroads being made by global e-commerce bellwether Amazon. If it is not announcing a pending rollout of one-day free shipping for Amazon Prime members, then it is its entrance into the highly competitive truckload brokerage market, which came to light this week, according to various reports.

Earlier today, Scottsdale, Arizona-based Emerge, a provider of its proprietary Private Freight Marketplace (PFM) and TMS focused on accelerating productivity and increasing visibility for supply chain stakeholders, announced it has raised $20 million in a seed round, which was led Greycroft Partners, a venture capital firm based in Los Angeles and New York, in addition to participation from other investors as well.

A combination of strong demand, favorable economic conditions and technological innovation is paying off in the truckload brokerage space—and savvy shippers are leveraging this dynamic market to gain advantage.

Earlier this week, DHL Supply Chain, a subsidiary of Deutsche Post DHL Group and a United States-based provider of contract logistics and transportation brokerage services, said its freight brokerage operation, Exel Freight Connect, has been renamed as DHL Transport Brokerage.

Last week’s news that Uber has officially become a player in the truckload brokerage space, with the introduction of its Uber Freight app, created a ripple effect of sorts.

LM Group News Editor recently spoke with Doug Waggoner, CEO of Echo Global Logistics, a non-asset based freight brokerage company and a provider of technology-enabled transportation and supply chain management services about how 2016 ended up in the freight transportation and logistics sectors and various related topics.

Company officials said that with this office, the company will be able to better assist Latin America-based customers, while continuing to provide shippers with truckload, less-than-truckload, intermodal brokerage, and transportation management services.

The company’s North American Freight Index was up 8 percent in December, marking the sixth straight month of volume gains. DAT attributed strong momentum for e-commerce and grocery shipments as the main growth drivers for December, a month that is typically quiet for the spot market.

For shippers, carriers, brokerages and really all other industry stakeholders that have not given much thought to the possibility of Uber becoming a truckload carrier, it appears it may be time to change that mindset.

With the ostensible proliferation of new players on the trucking scene that say they are essentially an Uber for trucking, it turns out that this description may in fact be a misnomer, according to a recent report issued by supply chain consultancy Armstrong & Associates. Uber for trucking, downsides of uber trucking 2016