UPS finally manages to sell freight brokerage arm Coyote Logistics
UPS has finally managed to offload Coyote Logistics, the burdensome freight brokerage it acquired in ...
GM: GAUGING RISKGXO: NEW BOT PARTNERWMT: CAPEX IN CHECKWMT: CFO ON AUTOMATION WMT: SPOTLIGHT ON AUTOMATIONHD: PRESSURE BUILDSFWRD: REVISED EBITDA MAERSK: TESTING ONE-MONTH HIGHFDX: UP UP AND AWAYRXO: COYOTE DEAL TAILWINDDSV: NEW REFI DEALR: WEAKENING AMZN: LIFESTYLE BATTLEKNIN: EXPANDED NETWORK OF CROSS-DECK FACILITIES
GM: GAUGING RISKGXO: NEW BOT PARTNERWMT: CAPEX IN CHECKWMT: CFO ON AUTOMATION WMT: SPOTLIGHT ON AUTOMATIONHD: PRESSURE BUILDSFWRD: REVISED EBITDA MAERSK: TESTING ONE-MONTH HIGHFDX: UP UP AND AWAYRXO: COYOTE DEAL TAILWINDDSV: NEW REFI DEALR: WEAKENING AMZN: LIFESTYLE BATTLEKNIN: EXPANDED NETWORK OF CROSS-DECK FACILITIES
More analysis of Uber Freight, which began initial operations last month. Most of the media attention has focused on the threat posed by development of driverless trucks to the country’s truck drivers. However, this writer is more interested in the effect Uber will have on the hundreds of thousands of mid-level white collar workers employed in the offices of 3PLs, inputting data – and he should know, his first job was with Coyote Logistics (bought by UPS for $1.8ubn in 2015), and several of his former colleagues have been hired by Uber to build its freight division. “Uber Freight can create a platform where shippers and truckers broker shipping orders directly with one another, effectively rendering obsolete thousands of 3PL workers. It replaces people with software, and configures a labour-intensive industry into a SaaS business.”
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