Skip to content
Search AI Powered

Latest Stories

U.S. Xpress adds its trailers to collaborative trailer pool marketplace

vHub says its platform allows fleets to earn income by renting out unused assets.

USXpress trailer

Shippers and carriers could soon tap into an expanded source of transportation assets as truckload carrier U.S. Xpress Inc. said Wednesday it would add its trailers to an online platform operated by vHub, a collaborative trailer repositioning and sharing marketplace.

The move comes as as experts say the nation’s freight capacity could be pinned at historically tight levels for several more quarters, due to pandemic pressures that have led to shortages of drivers and steep spikes in demand for certain industries.


Chattanooga, Tennessee-based U.S. Xpress today released its own trucking industry forecast, finding that the market is being “significantly impacted” by rising driver turnover, diminishing truckload capacity, and overwhelming load volumes. “Each of these three themes will greatly influence trucking rates over the next four to six quarters,” Eric Fuller, president and CEO of U.S. Xpress, said in the report. “It’s becoming increasingly clear that high tide conditions will persist for a long while, so shippers and carriers will have to plan – and act - accordingly.”

Across the industry, those pressures have left shippers looking for more reliable capacity and carriers looking for ways to expand their networks. Saint-Georges, Québec-based vHub says its platform can provide relief for those demands by creating an online marketplace for its community of over 40,000 registered trailers, turning those unused assets into revenue-generating equipment by making them available to short term users. Specifically, once renters have chosen the appropriate location and destination of the trailer they need, vHub creates a legally binding rental contract, handles invoicing and payments, and transfers rental funds to trailer owners.

“We are constantly repositioning equipment to provide efficient and reliable service to customers,” Joe Pricer, VP, OTR Operations for U.S. Xpress, said in a release. “vHub presents an opportunity to find users to reposition equipment and eliminate the cost of moving trailers back into our network.” 

vHub’s growing footprint marks the latest move in a sector where supply chain service provider J.B. Hunt Transport Services Inc. in 2019 launched a trailer pool service in support of its digital freight matching platform, and UberFreight made a similar move in 2018 with its “Powerloop” pool.

“The U.S. Xpress support of our platform illustrates how valuable it can be for the trucking industry,” Francis Roy, vice president of vHub, said in a release. “vHub is improving trailer utilization by effectively repositioning units where they are needed and saving owners from the expense of empty miles. With vHub, trailer owners also have an opportunity to generate revenue by choosing to make excess and idle trailers available to rent.”

The Latest

More Stories

Stampin’ Up!’s Riverton, Utah, distribution center

Stampin’ Up!’s Riverton, Utah, distribution center

Picking reimagined

What happens when your warehouse technology upgrade turns into a complete process overhaul? That may sound like a headache to some, but for leaders at paper crafting company Stampin’ Up! it’s been a golden opportunity—especially when it comes to boosting productivity. The Utah-based direct marketing company has increased its average pick rate by more than 70% in the past year and a half. And it’s all due to a warehouse management system (WMS) implementation that opened the door to process changes and new technologies that are speeding its high-velocity, high-SKU (stock-keeping unit) order fulfillment operations.

The bottom line: Stampin’ Up! is filling orders faster than ever before, with less manpower, since it shifted to an easy-to-use voice picking system that makes adapting to seasonal product changes and promotions a piece of cake. Here’s how.

Keep ReadingShow less

Featured

autostore AS/RS at toyota materal handling site

New AutoStore AS/RS at Toyota Material Handling’s DC will increase parts volume and fulfillment speed

With its new AutoStore automated storage and retrieval (AS/RS) system, Toyota Material Handling Inc.’s parts distribution center, located at its U.S. headquarters campus in Columbus, Indiana, will be able to store more forklift and other parts and move them more quickly. The new system represents a major step toward achieving TMH’s goal of next-day parts delivery to 98% of its customers in the U.S. and Canada by 2030, said TMH North America President and CEO Brett Wood at the launch event on October 28. The upgrade to the DC was designed, built, and installed through a close collaboration between TMH, AutoStore, and Bastian Solutions, the Toyota-owned material handling automation designer and systems integrator that is a cornerstone of the forklift maker’s Toyota Automated Logistics business unit. The AS/RS is Bastian’s 100th AutoStore installation in North America.

TMH’s AutoStore system deploys 28 energy-efficient robotic shuttles to retrieve and deliver totes from within a vertical storage grid. To expedite processing, artificial intelligence (AI)-enhanced software determines optimal storage locations based on whether parts are high- or low-demand items. The shuttles, each independently controlled and selected based on shortest distance to the stored tote, swiftly deliver the ordered parts to four picking ports. Each port can process up to 175 totes per hour; the company’s initial goal is 150 totes per hour, with room to grow. The AS/RS also eliminates the need for order pickers to walk up to 10 miles per day, saving time, boosting picking accuracy, and improving ergonomics for associates.

Keep ReadingShow less
US Bank truck shipments Q3

U.S. Bank: truck freight shipments and spending slow their decline

Truck freight shipments and spending continued to contract in the third quarter, albeit at a slower pace than earlier this year, according to the latest U.S. Bank Freight Payment Index.

“The latest data continues to show some positive developments for the freight market. However, there remain sequential declines nationwide, and in most regions,” Bobby Holland, U.S. Bank director of freight business analytics, said in a release. “Over the last two quarters, volume and spend contractions have lessened, but we’re waiting for clear evidence that the market has reached the bottom.”

Keep ReadingShow less
nimble smart robots for fedex

FedEx picks Nimble for fulfillment automation

Parcel giant FedEx Corp. is automating its fulfillment flows by investing in the AI robotics and autonomous e-commerce fulfillment technology firm Nimble, and announcing plans to use the San Francisco-based startup’s tech in its own returns network.

The size of FedEx’s investment wasn’t disclosed, but the company was the lead investor of Nimble’s $106 million “series C” funding round, announced last week. The round was co-led by existing shareholder Cedar Pine LLC.

Keep ReadingShow less

Logistics gives back: October 2024

For the past seven years, third-party service provider ODW Logistics has provided logistics support for the Pelotonia Ride Weekend, a campaign to raise funds for cancer research at The Ohio State University’s Comprehensive Cancer Center–Arthur G. James Cancer Hospital and Richard J. Solove Research Institute. As in the past, ODW provided inventory management services and transportation for the riders’ bicycles at this year’s event. In all, some 7,000 riders and 3,000 volunteers participated in the ride weekend.


Keep ReadingShow less