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Logistics software provider Alvys announced Monday it has closed its Series A with $20.5 million in funding led by Titanium Ventures, with participation from Picus Capital and existing investors RTP and Bonfire. The company is looking to continue to develop its current offerings and support customer growth. Alvys has raised about $30 million to date….
The freight industry is buzzing with talk about a coming market shift. While high-frequency data does suggest that the ongoing freight recession is beginning to ease, the climb back up is expected to be slow for carriers. In today’s environment, carriers continue to grapple with an oversaturated market and less-than-ideal economic conditions, making it difficult…
A court case involving Landstar, a mysterious driver named James and the theft of valuable cargo is being viewed as a significant victory for the brokerage industry. The 11th U.S. Circuit Court of Appeals has affirmed a lower court ruling that Jacksonville, Florida-based Landstar was not negligent in the August 2020 theft of a truckload…
Container cargo flows increased at ports in Houston, New Orleans and Mobile, Alabama, in March, but shipments of crude oil fell slightly at the Port of Corpus Christi, Texas. Port Houston container shipments up 20% in March Port Houston handled 360,991 twenty-foot equivalent units in March, a 20% year-over-year (y/y) increase. Officials said total cargo…
Leaders of the Class I freight rail companies seem to agree they must repair rifts with their employees, customers and the communities they serve in order to usher in “a new era in railroading.” When Joe Hinrichs started in his role as the president and CEO of CSX (NASDAQ: CSX) last fall, one comment he…
WASHINGTON — Federal regulators are providing a rare glimpse into information they may consider for a significant rule affecting how carriers are considered fit to be operating. The Federal Motor Carrier Safety Administration published on Friday a “notice of data availability” — or “NODA” — to alert the public about a set of studies it…