Digital freight platform Convoy has announced another round of layoffs. The company, based in Seattle, told GeekWire on Monday the cuts were to the customer-experience operations team. Convoy did not state how many jobs were affected. In February, Convoy went through a restructuring, leading to an undisclosed number of employees being laid off. With the…
Oil markets have been trending higher in the past week and got another boost — albeit a muted one — Monday from the weekend events in Russia, but the benchmark retail diesel price declined for the 19th time in the past 21 weeks. The Department of Energy/Energy Information Administration average U.S. retail diesel price used…
CLEVELAND — Twenty-three companies showcased their FreightTech innovations during three rounds of rapid-fire demo sessions last week at FreightWaves’ Future of Supply Chain event in Cleveland. FreightWaves’ rapid-fire demos are seven-minute demonstrations of a company’s product on stage in front of a live audience, allowing companies to display how their innovations can help the freight…
The situation in Russia and Ukraine — and its potential effect on global trade flows — is changing fast. On Friday, the EU released details on its new sanctions package targeting Russia’s crude exports and containerized imports. On Saturday, mutinous mercenaries of the Wagner Group made it to within 125 miles of Moscow, raising questions…
About 94% of 500 transportation executives said that consumer demand for more sustainable products makes reducing emissions a top priority for 2024, according to a study unveiled by Breakthrough, a transportation management technology provider. The 2023 State of Transportation study surveyed 500 U.S. transportation leaders, including carriers and shippers, at enterprises across the United States…