Mike
Well-Known Member
Digital freight brokerage, as that sector is called, seeks to lessen the need for a middle-man when companies are trying to move their goods. Companies like Amazon and Uber have opened digital freight-brokerage departments, while trendy startups like Convoyand Transfix are attracting hundreds of millions of dollars in investments and big-name hires as they seek to digitize trucking.
And now, Oracle is the latest big-name tech company that's betting on matching companies with truckers.
The $39 billion cloud-computing giant announced on Thursday that it is partnering with Loadsmart, a digital freight broker, to ensure its customers can quickly match their loads with truckers.
Oracle has been involved with logistics for around 15 years, through services like the Oracle Logistics Cloud. That product, whose customers include Fortune 500 names like Kraft-Heinz and Coca-Cola, helps companies oversee their supply chains from the warehouse to the store or customer's home.
And now, Oracle is the latest big-name tech company that's betting on matching companies with truckers.
The $39 billion cloud-computing giant announced on Thursday that it is partnering with Loadsmart, a digital freight broker, to ensure its customers can quickly match their loads with truckers.
Oracle has been involved with logistics for around 15 years, through services like the Oracle Logistics Cloud. That product, whose customers include Fortune 500 names like Kraft-Heinz and Coca-Cola, helps companies oversee their supply chains from the warehouse to the store or customer's home.
Oracle is joining Amazon and Uber in the race to digitize the 'antiquated' $800 billion trucking industry
Oracle is adding a digital truck brokerage tool to help Coca-Cola, Kraft-Heinz, and other Fortune 500 companies fulfill their transportation needs.
www.businessinsider.com