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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DHL Expands Global Logistics Network to Enhance Service Efficiency

DHL Expands Global Logistics Network to Enhance Service Efficiency

DHL International Express is a leading global logistics company, providing international parcel, express, air freight, and ocean freight services, with operations in over 220 countries and territories. With its robust logistics network, advanced technology support, and customized solutions, DHL delivers efficient and reliable transportation services to customers worldwide.

11/03/2025 Logistics Encyclopedia
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Trucking Spot Rates Rise As Capacity Tightens

Trucking Spot Rates Rise As Capacity Tightens

TransCore data indicates a continued strong truckload freight volume in the spot market for August, defying seasonal trends. Rates remain stable, but different freight types show varying patterns. Freight brokers play a prominent role, with small carriers increasingly reliant on them. Larger carriers prefer sourcing freight independently. Capacity is crucial; companies need to focus on cost control, optimize capacity allocation, enhance technology adoption, and establish long-term partnerships to navigate the current market dynamics. This requires careful planning and strategic execution to maintain competitiveness.

01/18/2026 Logistics Industry Insights
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Ecommerce Boom Drives Six Key Trends in Freight Industry

Ecommerce Boom Drives Six Key Trends in Freight Industry

Faced with rising freight costs and driver shortages, shippers are actively adjusting their strategies. Six major trends in freight management are emerging: portfolio freight management, collaborative efforts to address driver shortages, reducing detention time, increasing private fleets, adopting technology to manage fleets, and developing autonomous trucks. These trends will reshape the future of freight, helping businesses manage logistics more efficiently. The adoption of autonomous driving especially promises to revolutionize long-haul transportation and alleviate driver scarcity, offering a potential solution to current industry challenges.

01/20/2026 Logistics Industry Insights
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DAT and Fourkites Partner to Improve Freight Tracking

DAT and Fourkites Partner to Improve Freight Tracking

DAT and FourKites have formed a strategic partnership to integrate FourKites' real-time tracking technology into the DAT freight network, enhancing supply chain visibility. This collaboration will provide shippers with more accurate freight tracking information, improve carrier operational efficiency, and drive the freight industry towards digital and intelligent transformation, ultimately increasing customer satisfaction. The integration aims to offer a comprehensive solution for improved transparency and control throughout the shipping process.

01/19/2026 Logistics
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Outpost Raises 1B to Transform Trucking Terminal Networks

Outpost Raises 1B to Transform Trucking Terminal Networks

Outpost secures $1 billion investment from GreenPoint to accelerate the construction of a nationwide truck freight station network. By integrating physical sites, operations, and technology, Outpost provides businesses with flexible and efficient freight infrastructure, reducing operational costs and enhancing service capabilities to drive business growth. The investment will bolster Outpost's efforts to create a comprehensive logistics network, streamlining freight operations and offering significant cost savings for its customers.

01/28/2026 Logistics
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Realtime Pricing Transforms Global Air Cargo Sector

Realtime Pricing Transforms Global Air Cargo Sector

The air freight industry is undergoing a transformation driven by real-time pricing. Airlines are expected to optimize cargo consolidation through technology, improving yields and reducing costs. Traditional freight forwarders face transformation pressure, while tech-driven new forwarders will see development opportunities. Ultimately, shippers will benefit from more transparent and efficient air freight services. This shift promises a more dynamic and responsive market, empowering businesses with greater control and visibility over their air cargo operations.

12/30/2025 Logistics Industry Insights
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Trucking Rates Edge Up Amid Yearend Market Weakness

Trucking Rates Edge Up Amid Yearend Market Weakness

The DAT report indicates a slight increase in U.S. truckload spot rates in October, but overall freight volumes declined, signaling weaker demand in the freight market towards the end of the year. Experts attribute this to a combination of factors, including inventory overhang, macroeconomic uncertainties, and regulatory changes, posing challenges to the market. Freight companies need to refine operations, diversify services, embrace technology, and strengthen risk management to navigate the market downturn.

01/22/2026 Logistics Industry Insights
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Trucking Rates Edge Up Amid Persistent Market Weakness

Trucking Rates Edge Up Amid Persistent Market Weakness

The truckload freight market experienced weakness at the end of the year, with declining freight volumes and a slight increase in freight rates failing to mask the overall downturn. Experts attribute this to weak demand and inventory buildup, leading to a disappointing peak season. Looking ahead, the market continues to face challenges. Logistics companies need to reduce costs and increase efficiency, expand their business, embrace technology, and strengthen cooperation to weather the winter.

01/22/2026 Logistics Industry Insights
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Uber Freight Expands 4PL Ambitions in Europe

Uber Freight Expands 4PL Ambitions in Europe

Uber Freight's European operations are experiencing rapid growth, exceeding €200 million in freight volume with a target of €2 billion by 2028. Leveraging its technological advantages, Uber Freight aims to become a leading 4PL provider in Europe, continuously innovating and expanding its services. The company is focused on utilizing its technology platform to optimize logistics and provide managed transportation solutions across the continent, solidifying its position in the European freight market and driving further growth.

01/21/2026 Logistics
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