Sourcing Journal: Flexport Could Scoop Up Convoy’s Tech
Flexport, the digital freight forwarder and a Convoy partner since 2018, is in talks to buy the defunct trucking marketplace’s technology stack, according to the Wall Street Journal.
Flexport, the digital freight forwarder and a Convoy partner since 2018, is in talks to buy the defunct trucking marketplace’s technology stack, according to the Wall Street Journal.
The ongoing United Auto Workers strike against GM, Ford and Stellantis is making headlines – but how is it affecting you? Jason Miller of Michigan State University explains.
The pandemic led to both an ecommerce boom and port shutdowns that together placed unprecedented pressures on the global supply chain, generating an opportunity for startups to step in with novel tech for industries like trucking, shipping and logistics.
Seasonally declining shipments of retail goods and fresh produce decreased demand for truckload services last month.
Truckload freight volumes cooled in September, compounding an already difficult quarter for truckload carriers and freight brokers, according to recent analysis from DAT Freight & Analytics.
Truckload freight volumes cooled in September, compounding an already difficult quarter for truckload carriers and freight brokers, said DAT Freight & Analytics, which operates the industry’s largest online freight marketplace and DAT iQ data analytics service.
DAT Freight and Analytics’ index for truckload van demand in September, a 5.7% decline from August, helping send rates to their lowest levels since June 2020.
The depressed US truckload market is a long way from a turnaround, but trucking executives and analysts believe shipper concerns about subpar service and carrier failures will prevent spot prices from falling farther in 2023 and early 2024.
Last night at an awards gala at ICMI's Contact Center Expo, which brings contact center industry professionals together to tackle the challenges and opportunities that will enable positive growth and change in the industry, the winners of ICMI's Global Contact Center Awards were unveiled.
A “perfect storm” including 2023’s freight recession and an industrywide pullback in venture funding has led digital trucking brokerage Convoy to turn off the lights, CEO Dan Lewis told employees Thursday morning.