freight

Nomura Downgrades Uber and Lyft After Outsized Gains in 2023
Nomura Downgrades Uber and Lyft After Outsized Gains in 2023
December 29, 2023  |  Ridesharing

While ridesharing giants Uber and Lyft experienced significant growth in revenue in 2023, they reportedly facechallenges in 2024. For different reasons, financial services group Nomura...

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Bankrupt Trucking Company Yellow Auctions Off 75% of Properties
Bankrupt Trucking Company Yellow Auctions Off 75% of Properties
December 05, 2023  |  Shipping

Yellow, which was the third-largest carrier in the U.S. trucking industry at the time of its collapse last summer, held a court-supervised bankruptcy auction to...

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Comdata Launches Fuel Card With Rewards From Credit Cards
Comdata Launches Fuel Card With Rewards From Credit Cards
November 28, 2023  |  Loyalty & Rewards

Comdata has launched a payment solution that allows fleet owners to enjoy both the benefits of a fuel card and the rewards of their existing credit...

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MaxxChain Employs Blockchain for Faster Trucking Payments
MaxxChain Employs Blockchain for Faster Trucking Payments
November 19, 2023  |  Blockchain

Web3 platform MaxxChain has introduced blockchain solutions for the logistics sector. The initiative, announced Friday (Nov. 17), “provides a seamless, transparent, and efficient approach to funding by...

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Report: Flexport Looks to Snap Up Convoy’s Tech
Report: Flexport Looks to Snap Up Convoy’s Tech
October 29, 2023  |  Supply Chain

Supply chain logistics firm Flexport is reportedly in discussions to purchase freight startup Convoy’s technology. The acquisition, if successful, would bolster Flexport’s move into the U.S....

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Digital Freight Startup Convoy Closes Down
Digital Freight Startup Convoy Closes Down
October 19, 2023  |  Supply Chain

Digital freight startup Convoy has announced the closure of its business. The Seattle-based trucking startup, which counted Jeff Bezos and Bill Gates among its investors,...

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Holiday Shopping’s Logistical Back End Gets AI Boost
Holiday Shopping’s Logistical Back End Gets AI Boost
September 29, 2023  |  Supply Chain

Summer may feel like yesterday, but already, the holiday season is on the horizon. As it gets closer, buyers, suppliers, shippers and carriers all need...

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EKA Solutions and Verizon Connect Collaborate to Streamline Freight Operations
EKA Solutions and Verizon Connect Collaborate to Streamline Freight Operations
September 25, 2023  |  Shipping

EKA Solutions, a provider of a cloud-based integrated freight management platform, has partnered with Verizon Connect to deliver integrated services to fleet customers.  This collaboration aims...

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Uber Platform Cross-Selling Drives Up Q2 Expectations
Uber Platform Cross-Selling Drives Up Q2 Expectations
July 31, 2023  |  Earnings

Uber is set to report its second-quarter 2023 earnings on Tuesday (Aug. 1). Investors are eager to see how the rideshare and delivery aggregator giant is...

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