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Reports of Convoy Winding Down Digital Freight Business

Supply Chain Matters

Supply Chain Matters highlights a breaking news development related to Seattle based trucking based Cloud platform provider Convoy. Bloomberg, The Wall Street Journal and other industry specific media are reporting that Seattle based digital freight start-up services provider Convoy is preparing for a possible sale or other action.

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Severe weather causes freight rates to slip

DAT Solutions

DAT load boards provide the largest and most trusted digital freight marketplace in the trucking industry, with more than 256 million loads and trucks posted annually, plus insights into current spot market and contract rates based on $60 billion in real transactions. National Average Freight Rates. loads per truck. Rising Rates.

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Reports That Convoy Exploring Strategic Options

Supply Chain Matters

Supply Chain Matters This Week in Supply Chain Tech updates readers on reports indicating that innovative digital freight brokerage start-up Convoy is exploring strategic options. In turn, that has put pressure on traditional and digital freight brokers who typically sell their logistics services to shippers on a contract rate basis.

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This Week in Logistics News (April 24 – 30)

Logistics Viewpoints

This acquisition builds on the Panasonic/Blue Yonder strategic relationship, established in January 2019 with a partnership, followed by the creation of a joint venture company in Japan in November 2019. According to the American Trucking Association (ATA), almost 75 percent of all freight is transported by truck.

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Agriculture in the City

Enterra Insights

” Another company in this agriculture space is Freight Farm, which provides farmers the ability to grow vegetables in converted freight shipping containers equipped with the latest hydroponics and automated systems equipment. Freight Farms calculates annual profit for each container to be an average of $39,000 annually.”

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China Exports Rebound Even as Western Markets Face Lockdown

Logistics Bureau

The huge build-up of containers at China’s docks has created a major ocean freight imbalance, with a shortage of cargo in US and European ports and a shortfall in boxes needed by Western exporters to ship products to other parts of the world. Ocean Freight. Air Freight. Ocean Freight. percent from February 2019.

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All The Supply Chain News You Need To Know 3.11-3.15

Freight Plus

Seattle to Salt Lake City, Buffalo to Chicago, and various lanes in California all saw the biggest declines in rates. If you look at 2019 here in the U.S., But we still think that 2019 is going to be a very, very good year for the Class 8 truck market.” Mack forecasted another 310,000 Class 8 orders in 2019. Spotify. ,