Gates Backs Convoys 62M Funding to Rival Uber Freight

Gates Backs Convoys 62M Funding to Rival Uber Freight

Freight software company Convoy secured $62 million in funding led by Bill Gates, positioning itself as a challenger to Uber Freight. Convoy leverages technology to optimize freight processes and reduce empty miles, attracting clients like Unilever. The U.S. freight market is vast but inefficient, and companies like Convoy are driving digital transformation within the industry, aiming for more efficient, transparent, and sustainable transportation. This investment highlights the growing interest in tech-driven solutions to modernize the logistics sector and address its inherent inefficiencies.

01/29/2026 Logistics Industry Insights
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Uber Freight Bolstered Logistics During Pandemic

Uber Freight Bolstered Logistics During Pandemic

In response to the COVID-19 pandemic, Uber Freight launched initiatives such as zero-profit pricing, meal subsidies, and hygiene kits to actively support freight companies and shippers, ensuring the transportation of critical supplies. These measures not only demonstrate corporate social responsibility but also accelerate the digital transformation of the freight logistics industry, laying the foundation for a more efficient, intelligent, and sustainable freight ecosystem. The pandemic has highlighted the need for agile and resilient supply chains, pushing the adoption of digital solutions.

01/30/2026 Logistics
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Key Tips for Selecting Air Freight to Europe

Key Tips for Selecting Air Freight to Europe

This article delves into the advantages of European air freight lines, including speed, security, traceability, customs clearance efficiency, and cost-effectiveness. It provides key factors for selecting air freight line service providers and recommends popular European air freight lines. The aim is to assist cross-border e-commerce sellers and trading companies in choosing the most suitable logistics solutions to succeed in the European market. It highlights how choosing the right air freight partner can significantly impact business operations and profitability.

02/02/2026 Logistics
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Chinaus Ocean Freight Key Routes and Cost Strategies

Chinaus Ocean Freight Key Routes and Cost Strategies

This article provides an in-depth analysis of the US-China ocean freight market, covering introductions to major shipping companies, service type selection, analysis of factors influencing freight rates, and evaluation of shipping transit times. It also offers practical advice on choosing a freight forwarder, helping businesses optimize US-China trade transportation solutions and achieve cost reduction and efficiency improvement. The analysis helps navigate the complexities of ocean freight, providing insights for informed decision-making in the US-China trade lane.

02/02/2026 Logistics
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Can Freight Owners Book Directly with Shipping Lines?

Can Freight Owners Book Directly with Shipping Lines?

In maritime transport, shippers often book space through freight forwarders (forwarders), although large-volume clients may choose to book directly with shipping companies. However, operational tasks and customs clearance still require the expertise of a professional freight forwarder. The collaboration and connections among various industry players ensure that freight forwarders continue to play a vital role in the smooth execution of bookings during the transportation process.

07/18/2025 Logistics Encyclopedia
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Q1 2025 Freight Index Shows Diverging Multimodal Pricing Trends

Q1 2025 Freight Index Shows Diverging Multimodal Pricing Trends

The TD Cowen-AFS Freight Index reveals a mixed bag for different transportation modes despite overall weak freight demand. Truckload spot rates are slightly up, but contract rates remain under pressure. Parcel carriers are adapting to market competition through flexible pricing strategies. LTL pricing remains stable, but there are signs of weakening pricing discipline. The index provides valuable market insights and decision-making support for freight companies.

12/31/2025 Logistics Industry Insights
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Logistics Sector Faces Economic Shifts and Legal Hurdles

Logistics Sector Faces Economic Shifts and Legal Hurdles

This article reviews the 2013 logistics awards, analyzes the impact of the 2026 economic outlook on the logistics industry, and interprets the latest trends in the freight market, freight index, and railway transportation. It also explores the legal frontiers of freight broker liability. The article emphasizes that companies should pay attention to industry trends, flexibly respond to challenges, and embrace efficiency, innovation, and sustainable development.

01/20/2026 Logistics
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Cass Freight Index Drop Signals Economic Slowdown

Cass Freight Index Drop Signals Economic Slowdown

The Cass Freight Index indicates a year-over-year decline in both freight volumes and expenditures for December, reflecting weak market demand and excess capacity. Companies should address these challenges through supply chain optimization, lean inventory management, and digital transformation. Despite the current market headwinds, factors such as economic recovery and infrastructure development hold the potential to drive a turnaround in the freight market.

01/21/2026 Logistics Industry Insights
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US Freight Market Stabilizes Amid Q2 Downturn

US Freight Market Stabilizes Amid Q2 Downturn

Bank of America's Q2 Freight Payment Index indicates a continued slump in the US freight market. Both shipment volume and expenditures decreased year-over-year, although the decline narrowed. Sequential growth in some regions suggests a potential market bottom. Consumer spending patterns, inflation, interest rates, and energy prices will continue to influence the freight market. Logistics companies should closely monitor market dynamics and adapt accordingly.

01/25/2026 Logistics Industry Insights
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Europes Ocean Freight Platforms Boost Transparency Cut Costs

Europes Ocean Freight Platforms Boost Transparency Cut Costs

This real-time European sea freight rate platform provides up-to-date information on sea freight costs from China to major European ports. It supports various cargo types and pricing methods. By integrating data from multiple shipping companies, the platform helps users easily and transparently obtain freight rates, optimize transportation plans, and reduce logistics costs. It also offers historical data analysis to support decision-making.

02/02/2026 Logistics
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