business

Uber Freight update: Regional emphasis shift, personalized app update

With an update beginning roll-out today, the Uber Freight app will learn progressively about user preferences, delivering a “For You” pack that will show owner-operators all of their personalized load recommendations. Also: The broker's new regional emphases around freight hubs on both coasts and in the Midwest.

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Brokerage app Convoy lands $62M to fund nationwide rollout

The platform’s shipping customers include Fortune 500 brands Unilever and Anheuser-Busch, as well as Niagara Bottling and Tenaris and its fleet force is comprised of a technology-connected network of approximately 10,000 trucking companies.

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Sleek Fleet tech-enabled brokerage launches

Sleek Fleet LLC launched its web- and mobile-enabled brokerage, designed to directly connect owner-operators with shipper customers' loads. 

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Flatbed volumes/rates remain well above average, van holding, as midsummer rate doldrums loom

"The fireworks are over," says DAT's Ken Harper, but flat and van volumes remain above average for this time of year in the last week. At once, "rates slipped for vans as urgency around the end-of-quarter inventory moves, holiday shipments and Amazon Prime sales" fell off a bit.

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Comdata launches mobile app to send, receive funds

The Comchek Mobile app gives users the ability to send, receive and access funds on their Comdata cards. The company says the app builds on its Comchek Express Checks paper-based money transfer system.

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State of insurance for independents with new authority: Pricey, and getting pricier

When it's time to shop coverage around: With a fleet at around four years old and no significant history of claims, a seven truck fleet's liability insurance rates had risen substantially in its fourth year to roughly $15,000 annually per truck, all in. That's not how it's supposed to go, noted presenters at an insurance session at Expedite Expo.

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Short holiday week on the spot market: Rates rose, though demand indicators lagged

The spot market last week saw lower load volumes than in recent weeks on DAT load boards, notes the company's Ken Harper, mostly given the Fourth of July landed on a Tuesday this year. And though freight volumes were down, average rates for vans, reefers and flats were up by a dime, a nickel and a nickel respectively. 

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Pre-holiday, end-of-quarter demand boost extends into this week for flats, vans, reefers

Friday last week marked the end of the second quarter, likewise the start of the Fourth of July holiday weekend, a combination that boosted demand indicators, which average rates followed up.

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Spot market opportunity: End of month, end of quarter, pre-holiday picks

Given it's the end of June and the end of the second quarter of the year (when freight typically rises in volume as shippers move inventory) and we're headed into a four-day-ish Fourth of July, conditions are strong for van, reefer freight.

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FTR’s Perry joins Truckstop.com as chief economist

Perry specializes in analyzing risks in the transportation market and focuses on the underlying fundamentals of transport demand, operations and competition. 

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