Tech Investor Iconiq Buys Majority Share of Truckstop.com
A private equity firm known for investing in tech companies such as Uber and SurveyMonkey has made a significant investment in Truckstop.com, an Idaho-based load board and freight-matching service, continuing the trend of private investment dollars flowing into trucking tech firms.
April 4, 2019Infographic: Ryder’s Foundation for a Successful Freight Brokerage
Globally, supply chains are facing unprecedented levels of disruption. As a result, shippers and carriers are challenged more than ever to keep goods moving while remaining profitable. While most brokerages point to technology as the key to achieving success, today’s setbacks have proven that technology alone isn’t enough.
Investment Firm Regains Ownership of GlobalTranz
GlobalTranz Enterprises has struck a deal with Providence Equity Partners to acquire the business from The Jordan Co. in a move designed to provide additional financial support for the company’s aggressive growth strategy.
April 4, 2019Industry Objects to Plan to Privatize Military Moves
A plan to turn over responsibility for household-goods moves for military personnel to a single third-party transportation manager is running into opposition from industry leaders who say the idea is flawed and won’t rectify the problems U.S. Transportation Command said it wants to address.
April 3, 2019Bison Transport Acquires H.O. Wolding as Canadian Firms Eye US Expansion
Bison Transport Inc. acquired Amherst, Wis.-based H.O. Wolding Inc., a 320-truck dry van fleet, marking a further expansion by the Winnipeg, Manitoba-based trucking firm into the United States.
April 3, 2019Trump Softens Position Toward Closing US-Mexico Border
President Donald Trump on April 4 said he will delay closing the U.S.-Mexico border for one year, just days after it was announced he would seal the southern border as early as this week.
April 3, 2019Trucker Tools Helps 3PL Choptank Corral Tech Holdouts
Choptank, a third-party logistics service provider, says it recently incorporated a wider array of Trucker Tools, a system of applications, to more rapidly “shed” manual processes such as phone calls. Trucker Tools helps drivers and brokers track freight and bid on jobs.
April 3, 2019Interactive Map: Where the 2019 Top 50 Logistics Companies Are in North America
Find out where the 2019 Top 50 Logistics Companies are located by regions and by state in North America with our interactive map.
April 3, 2019Tolling Plan Approved for Manhattan, but Rates Remain Unclear
New York Gov. Andrew Cuomo’s recently approved spending plan includes a variable tolling program that would affect travelers driving into Manhattan. Its impact on trucking is still unknown.
April 2, 2019NYC Congestion Pricing Triggers Hustle for Discounts, Exemptions
Commercial truckers want out of New York City’s first-in-the-nation congestion pricing. So do advocates for the disabled, taxi drivers and swaths of the suburbs.
April 2, 2019Tesla Quarterly Sales Announcement Could Come With a Surprise
Tesla Inc. will announce this week how many cars it built and sold for the quarter. It’s always a day of suspense for investors, especially after a tumultuous 2018 in which production tripled while managing to fall short of dramatic targets set by Tesla CEO Elon Musk. This time around, there could be another surprise.
April 1, 2019