DAT faces criticism over contract terms. Plus, DAT acquires Trucker Tools, RBX declares bankruptcy, and Cargado hits $1M milestone.
Andy created Trucking Tower Leads to solve a problem he faced firsthand: reaching the right decision-makers at trucking companies.
In the latest episode of "The Freight Caviar Podcast", we sit down with Andy Hedrick, CEO of Green Path Tech. He shares insights on how your business can be more sustainable, and talks about their fuel-saving technology.
According to FreightWaves' CEO, Craig Fuller, Freightos is burning about $6 million per quarter, higher than its revenue.
Freightos Limited, a leader in digital freight booking, reported positive strides in its third-quarter earnings for 2023. Despite the freight industry's downturn, Freightos marked its 15th consecutive quarter of transaction growth, signaling a stronger value proposition. Key highlights include:
However, the path isn't all smooth. According to FreightWaves' CEO, Craig Fuller, Freightos is burning about $6 million per quarter, higher than its revenue. With $55 million in cash reserves, it stands relatively stronger than others in the freight tech space, many of whom are facing tighter cash constraints after COVID-era expansions.
Market experts like 10xLogisticsExperts express concerns about Freightos's reliance on volume growth for profitability, emphasizing the importance of a realistic path to financial sustainability.
With the rate of closures, particularly the recent shutdown of Convoy, Freightos highlights the complexities of digital transformation challenges in freight and logistics.
Sources: PR Newswire
Crazy times. In practice, no #technology, including #artificialintelligence, will be effective unless we are clear on the problem. I keep saying it!
— Dawid Bultrowicz (@DawidBultrowicz) November 23, 2023
The Do your thoughts indicate that the road transport recession is due to an oversupply of trucks, both in the US and Europe?
Freight markets show slow recovery signs, but challenges persist. Dive into the latest tonnage, load-to-truck ratios, and order data shaping the trucking industry.
Fed Chair Jerome Powell hints at imminent interest rate cuts to support the labor market. Markets react positively as September meeting looms.
ACT Research lowers 2025 truck forecasts as inventory hits record levels. FTR reports July Class 8 orders below expectations, signaling market shifts.
We're breaking down the ten van, reefer, and flatbed lanes with the biggest year-over-year spot rate changes in June. Here's what you need to know.
Join over 12K+ subscribers to get the latest freight news and entertainment directly in your inbox for free. Subscribe & be sure to check your inbox to confirm (and your spam folder just in case).
