What does FreightWaves do?

What does FreightWaves do?

FreightWaves provides supply chain organizations with fundamental data and context that help benchmark, analyze, monitor and forecast activity, pricing and risks in the global freight market.

Who is the largest freight company in the world?

and Freight Forwarding Volumes*

Rank	Provider	Gross Revenue (US$ Millions)*
1	DHL Supply Chain & Global Forwarding	28,453
1	Kuehne + Nagel	25,787
2	DB Schenker	20,761
2	DSV Panalpina	18,269

Who started FreightWaves?

Craig Fuller is the founder and CEO of FreightWaves, the leading provider of global supply chain market intelligence and news.

Will freight rates go up in 2022?

After a year in which freight rates continued to set new highs, spot rates are on the decline in 2022 with experts pointing to a series of factors likely contributing to an ongoing decline.

How much is FreightWaves worth?

FreightWaves revenue is $30M, valuation more than $300M.

When did FreightWaves start?

FreightWaves has grown significantly since it began commercial operations in 2017. In 2020, it secured another $37 million in investment for its growth initiatives.

What is the richest trucking company?

100 Largest Trucking Companies

Rank	Revenue (millions)	Company Name
1	24,800.00	United Parcel Service
2	$2,900.00	Yellow Freight System
3	$2,700.00	Schneider
4	$2,654.10	Roadway Express

What is the richest trucking company in the world?

This statistic portrays the world’s largest trucking companies as of April 2021, based on market value. With a market value of around 47.7 billion U.S. dollars, the Danish company DSV was ranked first, while Japan-based Nippon Express came in sixth.

What is the oldest trucking company still in business?

The oldest carrier in the world didn’t start with a truck; it started with a horse and wagon team! What is now the Jones Motoring Group began in 1894 when John Jones, an immigrant from Wales, turned his horse and cart into a fleet. He continued expanding this fleet until purchasing the company’s first truck in 1912.

Who founded Uber freight?

Brian Cristol and Charlie Bergevin have come a long way since 2015, when they didn’t know what LTL (less-than-truckload) meant and hung out at a truck stop to learn what the pain points were for drivers and shippers.

Will the trucking industry crash?

Since trucking rates are contingent upon the balance of supply and demand, if volumes were to drop back to pre-pandemic levels (with far more capacity in the market), rates would collapse. But even more worrisome is that the operating expenses of carriers are at much higher levels than before COVID.

Will the trucking market crash?

Experts warn that the truckload freight market is headed for trouble in 2022. This spring, rising inflation, skyrocketing fuel prices, and drastic changes in consumer spending are conspiring against owner-operators, cutting deep into already razor-thin profit margins.

Why are truck loads so cheap?

Supply, Demand, and Spot Freight. The low rates were triggered by a supply and demand situation driven by the unprecedented economic shutdown caused by the COVID-19 pandemic.

What are digital freight brokers worth?

According to the report, global digital freight brokerage market was valued at approximately USD 836.06 million in 2017 and is expected to generate revenue of around USD 21,355.49 million by end of 2026, growing at a CAGR of more than 43.0% between 2018 and 2026.

How much is uber freight worth?

A report from Morgan Stanley’s transportation research team, headed by Ravi Shanker, estimates the value of Uber Technologies’ (NYSE: UBER) “sum of parts” at $72 per share. Of that, about $2 can be attributed to Uber Freight, based on valuing Uber Freight at $3.5 billion.

Who started GlobalTranz?

GlobalTranz was founded in Phoenix, Arizona, in 2003 by Andrew and Michael Leto and was one of the industry’s first brokers to go online.