OAKLAND, Calif. — Representatives from UPS Inc. and Walmart Inc., two of the country’s largest fleets, said electric vehicles can provide environmental, economic and community benefits, which make efforts to work through challenges surrounding duty cycle, charging infrastructure and cost worthwhile.
October 29, 2018BusinessTechnologyLogistics
Ebix Acquires Stake in India-Based B2B Marketplace
EbixCash, a software and e-commerce service provider, has acquired a 67% stake in Routier, an India-based business-to-business marketplace for trucking logistics. The investment indicates an effort to capitalize on India’s rapidly growing logistics market.
October 29, 2018BusinessTechnologyLogistics
Indonesian Logistics Startup Waresix Lands $1.6 Million Funding
Waresix, an Indonesian warehouse startup, is tapping into its country’s fast-growing logistics market. The company announced in October that it had obtained $1.6 million in pre-Series A funding, led by East Ventures and Monk’s Hill Ventures.
October 29, 2018BusinessTechnologyLogistics
Haven Launches Platform to Aid Carriers, Shippers With Bookings
Software company Haven announced the launch of Origin, a carrier-neutral product that offers a streamlined booking process for carriers and forwarders.
October 29, 2018BusinessTechnologyLogistics
BlueGrace to Bolster Presence in Chicago
BlueGrace Logistics has announced that it will add jobs and approximately double its footprint in the Chicago Board of Trade.
October 26, 2018BusinessTechnologyLogisticsTop 50
African Logistics Company Lori Announces Expansion
Lori Systems, a logistics startup based in Kenya, Africa, recently announced expansion into Uganda, Rwanda and South Sudan.
October 26, 2018BusinessLogisticsTop 50Top 100
Universal Logistics Reports Best-Ever 3Q Results
Universal Logistics Holdings reported its best third quarter ever, following a trend of record-setting financial reports by freight carriers this year.
October 25, 2018BusinessLogisticsTop 100
USA Truck Continues Turnaround With Improved Results in 3Q
USA Truck reported higher revenues and profits in the third quarter of 2018, continuing a financial turnaround started in 2017.
October 25, 2018BusinessLogistics
LTL Carrier Old Dominion 3Q Financials Beat Analysts’ Expectations
Citing the strong U.S. economy and available capacity, Old Dominion Freight Line Inc. produced record results for revenue and profitability during the third quarter, CEO Greg Gantt said Oct. 25.
October 25, 2018BusinessLogistics
Truck Tonnage Dips, but Freight Outlook Remains Strong
A year-long surge in freight volume continues despite a modest dip in a widely followed truck tonnage index over the past two months.
October 25, 2018