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FTR’s August Trucking Conditions Index found that although there was some drop off in activity from the previous month, the business environment for fleets remains generally favorable.
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John Larkin, investment banker and longtime transportation investment research analyst, outlined the trends he’s seeing in freight transportation, many of which are being driven by the evolution of the retail supply chain.
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FTR has added Intermodal Dash software to its newly released Intel•cast freight-forecasting platform.
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FTR’s Trucking Conditions Index spiked in July reflecting the pro-carrier freight environment that is likely to remain throughout 2018.
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Over the next ten years, ATA's Freight Forecast projects that tonnage transported will grow from 16 billion tons in 2018 to 21.7 billion tons by 2029.
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Freight matching startup DrayNow has raised $5 million in Series A funding as it brings its freight booking and tracking platform to more markets.
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Truck Tools has upgraded its Mobile Driver App, introducing a new Smart Capacity feature for truck drivers and small fleets to help with finding new loads.
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Uber Freight has opened up its freight-matching platform to shippers, allowing them to tender a load and track it in real time.
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The FTR Trucking Conditions Index for June came in “basically unchanged” from May-- which the research group said reflects that trucking capacity “remains very tight.”
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Cargofy has created an artificial intelligence virtual assistant for its freight-matching service that the company described as a “Siri for truck drivers.”
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