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Doug Waggoner, CEO of Echo Global Logistics, said he believes the freight market has bottomed out, shed excess trucking capacity and could stabilize by the end of the year. Founded in 2005 by Bradley Keywell and Eric Lefkofsky, Echo Global Logistics is a global provider of technology-enabled supply chain management services. Waggoner has served as…
The top three carrier expenses are fuel, maintenance and insurance – things that are crucial to the success of a trucking company but that have seen a drastic uptick in cost the past few years. A new law in New Jersey stands to dramatically increase the insurance cost for carriers. Joe Schreiner, Reliance Partners’ executive…
To view more FreightWaves infographics, click here The post Daily Infographic: 10 highest paying trucking salaries of 2023 appeared first on FreightWaves.
Global shipping solutions provider Northbound announced Wednesday it has closed on $1.4 million (€1.3 million) in pre-seeding funding led by Apex Black with participation from id4 ventures, IBB Ventures, Schenker Ventures, MVP Factory and other angel investors. The Berlin-based company plans to use the funds to continue building out its container logistics platform, first with…
FreightWaves is announcing the opening of nominations for its annual FreightTech Awards, a prestigious recognition program honoring the most innovative companies in North American freight transportation. As the industry recovers from a multiyear downturn that’s affected both freight and technology sectors, the FreightTech 2025 awards take on added significance. This year’s list should offer valuable…
U.S. corporate bankruptcies thus far in 2023 are their highest since 2010, according to a new report from S&P Global Market Intelligence. S&P 500 earnings were down year over year in Q1 and are expected to continue falling in Q2. Financial conditions are tightening, in the form of higher interest rates and more stringent lending…