Logistics

Convoy’s story, while tragic for investors and insiders, should prove cautionary for other founders.

Soy Transportation Coalition director says farmers diverting product from weak export market.

Prospective acquirers are looking at Convoy’s platform and engineering and product teams.

Digital brokerage Convoy is closing, with no buyer coming in to rescue its operations.

Digital brokerage Convoy has canceled all shipments and shut its load board, with an announcement of its future upcoming.

Supply chain software provider e2open has a new shareholder in activist investor Elliott Management.

The logistics industry is collaborative by nature, and project44 regularly embraces partnerships to create and improve data-driven solutions for their customers. Over the past few years, Google Cloud has become one of the company’s most impactful partners.

Owner-operators say Titan Transportation Services Inc., doing business as Sunset Logistics, still hasn’t refunded their $1,000 in escrow or maintenance account funds that were withheld from their paychecks after the Grand Rapids, Michigan-based company abruptly ceased operations on Sept. 29.

India’s population — and its designation as the most populous country in the world — is one of its biggest advantages. The sheer number of people in India contribute to both the nation’s plentiful workforce and its huge consumer market.

Supply chain software provider e2open has parted ways with its CEO while the CCO has laid out problems with its sales operations.

Uber Freight has rolled out new technology solutions for its TMS, procurement and use of generative AI.

A federal judge has ruled that Total Quality Logistics — the second-largest freight brokerage in the U.S. — violated federal law and owes overtime pay to thousands of former employees who worked more than 40 hours a week.

Estes Express has opened up a web portal to communicate with customers amid a cyberattack on the LTL carrier.

Radiant Logistics has acquired a Florida-based logistics partner that provides forwarding services to the cruise lines.

Brad Jacobs, who founded XPO and its spinoffs, didn’t provide any details on what his next venture is going to focus on.

A September supply chain survey suggests the freight industry is coming out of a recession.

The sale of BNSF Logistics’ brokerage unit to J.B. Hunt will likely involve layoffs of an unspecified number of employees, parent company BNSF confirmed Friday.

In light of today’s soft economic conditions and high inflation rates, companies should have plans in place for providing standout service without blowing their own budgets going into peak season.

While volatile markets are inherently difficult to navigate, they also provide an opportunity for enhanced relationship building between shippers and their transportation partners.

Warehouse Services Inc. said Thursday it has acquired Sky Transportation Services, a dry van fleet specializing in cross-border shipments.

A broker that hired a carrier whose truck struck a teenager is not liable, according to an Illinois appellate court.

FLS Transportation builds out a North American footprint with the acquisition of AMAC Logistics.

Supply chains are one crisis away from seizing up again, say the CEOs of Prologis and Home Depot.

Seattle-based logistics provider Flexe has laid off a third of its workforce.

Brokers know that cash flow is one of the most critical aspects of their companies’ success — or failure. Despite this, the primary focus of popular industry technologies lies in freight delivery, not necessarily extending to proof of delivery or payment collection.

By employing the China Plus One strategy, companies can hedge against the headwinds they are facing in China while still benefiting from the country’s wealth of resources and well-established supply chain processes.

There’s been a changing of the guard at Coyote Logistics, with a new CEO as Jonathan Sisler looks for “new opportunities.”

Two debt rating agencies, Fitch and S&P, rated Forward Air’s newly issued debt from its Omni deal and were mostly positive.

With this rise of AI, we take a look at how it can be used by the logistics industry.

J.B. Hunt Transport Services said Thursday after the market closed it has entered an agreement to acquire the brokerage arm of BNSF Logistics.

Radiant Logistics is looking to deploy its unleveraged balance sheet on M&A.

Estes Forwarding Worldwide announced plans to acquire fellow forwarder Superior Brokerage Services.

C.H. Robinson CEO Dave Bozeman focused on process and costs when meeting with analysts at the TD Cowen conference Thursday.

The NRF has bought a leading trade group to expand its sustainability solutions for members.

Freight markets showed some signs of exiting a recession in August.

Barge rates on the Mississippi in St. Louis, a key port, have risen sharply due to low water levels on the river.

Despite the growing importance of interoperability in supply chains, there are more technology companies marketing closed platforms than ever before.

LiveQuote allows brokers to send their shippers automated quotes tailored to each company’s expectations, capacity and requirements.

The scarred areas of Maui remain an active incident area, ALAN’s Kathy Fulton says.

Reliance Partners’ Borderless Coverage program provides shippers and logistics service providers of all sizes with coverage from the moment of pickup in the U.S. to final delivery in Mexico.

Third-party logistics provider GXO received two solid analyses this week from the debt and equity side of the ledger.

As the market continues to challenge brokers and carriers alike, freight agents need an organization to call home that allows them to advance their business. TAB provides that – — as evidenced by its 40% year-over-year growth for the past seven years that continues today.

Tai has been working on email improvements utilizing AI and machine learning for over three years now. . Most recently, the company introduced a new email feature – helping brokers write emails.

For freight agents attempting to navigate today’s volatile market, partnering with the right company can mean the difference between success and failure.

Two former Yellow Logistics employees have opened a new brokerage office at Radiant Logistics.

Walmart posted revenue gains of 5.7% in its fiscal 2024 second quarter, paced by a 6.4% gain in U.S. same-store sales.

Forward Air announced Thursday it will merge with asset-light logistics peer Omni Logistics.

The day after CEO Dave Bozeman’s first call with analysts, they weighed in on the company’s outlook.

GXO Logistics is one of few companies to better its 2023 estimates and raise its guidance.

New C.H. Robinson CEO Dave Bozeman waxed philosophical on his first earnings call with analysts.

GXO’s full-year EPS guidance was raised by 5 cents, while adjusted EBITDA was increased by $10 million.

Yellow’s demise is a “huge benefit for our industry,” TFI International CEO Bedard says.

Uber Freight’s negative EBITDA was improved from the first quarter, but revenue has declined steadily for more than a year.

When brokers remember their role as communicators, they are able to build stronger relationships with both their shipper customers and their carrier partners.

Truck broker Landstar issued worse-than-expected third-quarter guidance Thursday and said most metrics are still underperforming normal seasonal trends.

Odyssey Logistics got an increase in its outlook from Moody’s, a change from earlier ratings agency actions on 3PLs.

The mobile vehicle maintenance service Torque by Ryder is now available in seven states.

Earnings at supply chain software provider E2open were a mixed bag, better than a year ago but weaker sequentially.

The Logistics Managers’ Index registered another all-time low in June as inventories throughout the supply chain continued to contract.

3PL RXO has had its outlook dropped to stable by S&P, but its debt rating held steady.

These new API offers from p44 represent the next step in supply chain connectivity, paving the way to a more transparent and collaborative future.

By making integrations accessible and affordable, Bitfreighter enables brokers to enter into the once-dreaded “EDI conversation” with shippers on the front end, using connectivity as a selling point.

More than 60 small trucking companies are collectively owed millions of dollars after a Mississippi-based logistics firm folds, files for bankruptcy liquidation.

AI is helping the logistics industry solve a massive coordination problem to establish transportation reliability and save shippers, carriers, and brokers a serious amount of time and money.

Logistics warehouse owner Prologis announced Monday the $3.1 billion acquisition of an industrial real estate portfolio owned by Blackstone.

Food brands are cooling it on price hikes. That means trucking companies will have more grocery volume to move.

About $2.3 trillion was spent to keep the nation’s logistics system operating in 2022, according to the 34th State of Logistics Report.

Conceding digital brokerage got a “bad name” early on, Uber Freight’s Souder looks to add human element to the experience.

Broker RXO said it was continuing to execute on longer-term goals even as the freight market awaits the next catalyst.

C.H. Robinson avoided a debt downgrade at S&P but the outlook was changed to negative, mostly on the size of its share buybacks.

GXO is starting its multiyear German expansion plan through the use of warehouse in Dormagen.

Sticking to earlier forecasts, RXO’s chief strategy officer sees the 3PL’s market share growing and increased volume year on year.

David Bozeman may have a ways to go to get comfortable at C.H. Robinson, but he has been around the block.

Digital-oriented freight forwarder Flexport has completed its acquisition of the logistics arm of Shopify Inc., one month after it announced its plans. The deal includes Deliverr, the tech-enabled shipping services […]

STG Logistics’ acquisition of Best Dedicated Solutions will add expedited, dry van, temperature-controlled and flatbed OTR transportation to STG’s existing services.

Freight Ninja is positioning itself as an industry leader in combating the truck parking shortage across the United States.

Gartner’s Magic Quadrant stands out as one of the clearest – and most trusted – ways to evaluate the most popular real-time visibility options.

Freight broker Landstar cut its second-quarter revenue and earnings guidance as volumes and revenue per load were worse than expected halfway through the period.

Forwarder Worldwide Logistics Group announced it has acquired customs brokerage P. W. Bellingall.

As the popularity of online shopping increases, so do consumer expectations around shipment visibility and on-time delivery. This can lead to challenges for many retailers, especially when relying on generic carrier tracking solutions.

The more volatile and opaque market conditions become, the more opportunities scammers have to take advantage of unsuspecting companies. This is especially true when it comes to double brokering. 

An annual survey from Descartes shows how brokers and forwarders are adjusting to the downside of the cycle.

ChatGPT and other advanced AI tools are looking to find homes in supply chain software and in some cases already have.

Radiant Logistics said it will continue to use free cash flow and potentially debt to fund share repurchases and acquisitions.

In the fast-paced world of freight transportation, a carrier’s success is determined by its ability to deliver goods damage-free and on-time. But it all starts and ends with the people behind the scenes who make it all happen.

EY Americas’ Sumit Dutta says there’s a realization among companies that a broken or inefficient supply chain is going to crimp growth.

Supply chain employees are “checked out, challenged and choosing to ‘quiet quit,’” according to Gartner’s Caroline Chumakov.

Former Slync CEO Chris Kirchner has been indicted on federal charges that he defrauded investors out of at least $25 million from the FreightTech startup he helped launch.

Privately held logistics provider Flexport is acquiring the logistics assets of Shopify to provide complete order management and final-mile delivery services for customers.

Quarterly earnings at stand-alone brokerage RXO were healthy compared to the performance of most companies in the freight sector.

Supply chain software provider e2open gave a bleak outlook in its earnings. Its stock took a pounding in response.

Uber Freight suffered along with the general freight market downturn and saw its first-quarter EBITDA sink yet again.

Ryder’s brokerage segment has rolled out a new loyalty program that gives its most active carriers reductions on the price of used vehicles.

The recent explosion of freight technologies has benefited companies of all shapes and sizes, but these solutions have had an outsized effect on small and mid-sized operations. 

Generative AI is capable of overhauling the day-to-day realities of the supply chain industry by automating human-intensive processes and creating a pathway for fast-paced innovation.

C.H. Robinson had a weak first quarter, as expected, and a new CEO should be in place by the end of the quarter, according to management.

While every sector has seen its fair share of upgrades, challenging and shifting priorities, the ocean environment has proven especially rife for change.

The final panel at the TIA annual meeting echoed a theme of the whole meeting: Double brokering and fraud are surging.

Shippers are in a strong market position. At TIA, they talked about what they want from the brokers who serve them.

The potential widening of broker liability in the Miller case against C.H. Robinson is creating fears among 3PLs, but attorneys see a potential reversal.