Plus, a Chicago-based freight broker boasts about making $215k in one day, Lineage Logistics hits it big with an $18 billion IPO, the latest on the Ocean's 11-style freight heist, and more.
We took the opportunity to ask our Instagram followers about their best days as freight brokers. Here are some of their responses...
Heartland Express, Covenant Logistics, and Knight-Swift Q2 earnings show mixed results, debt reduction, and market stabilization signs.
In response to declining revenues and freight market downturn, Freightos reduces staff by 13% and further lowers its 2023 revenue outlook.
Freightos, a digital platform for international air and ocean shipping, announced a 13% staff cut and a second revision of its annual outlook to cope with a sustained downturn in freight markets and declining revenues. The Jerusalem-based company now expects revenues to lie between $20m and $21.2m for 2023, a significant drop from the initial expectation of $26.6m. Freightos also reported an operating loss of $24.3m last year, a notable increase from the $16.3m loss in 2021, despite revenue growth.
Source: FreightWaves
If freight transportation companies have slow sales that trickles down to #fintech and freightech service providers like @freightos $CRGO that make money as a % of transactions . . . https://t.co/Gs7qG3pnu9 #supplychain
— Eric Kulisch (@ericreports) July 11, 2023
Imagine managing quick questions, updates, and document submissions with a few taps on your phone keypad. And for those who need to share their precise lat/long coordinates? A single text does the trick.
Nearly 4 out of 10 freight brokers say they reject ten or more invoices per week due to incomplete or incorrect paperwork. With Epay Manager's NLP automation, you can win back your time and money.
Waabi pioneering generative AI for self-driving trucks, raises $200M to commercially launch fully driverless trucks on roads in 2025.
In an uncertain economy, transportation and logistics businesses reduce costs with Stealth Monitoring's live video monitoring, combining AI, machine learning, and human intelligence for proactive security solutions.
Join over 10K+ subscribers to get the latest freight news and entertainment directly in your inbox for free. Subscribe now & be sure to check your inbox to confirm (and your spam folder just in case).
