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BlueGrace Logistics Joins Triumph Network
Globenewswire· 2025-12-11 21:35
Core Insights - BlueGrace Logistics has joined the Triumph Network to enhance payment efficiency and transparency for carriers [1][2][3] - The integration with Triumph's payment platform aims to improve back-office efficiency and strengthen relationships with carriers [2][3] - BlueGrace's adoption of Triumph's solutions is expected to minimize payment discrepancies and deliver greater value to partners [3] Company Overview - Triumph (NYSE: TFIN) is a financial and technology company focused on modernizing freight transactions through payments, factoring, and banking solutions [4] - BlueGrace Logistics is one of the largest Managed Logistics providers in the U.S., serving over 10,000 customers annually with a proprietary technology platform, BlueShip [5]
BlueGrace acquires Michigan-based 3PL
Yahoo Finance· 2025-11-12 14:38
Core Insights - BlueGrace Logistics has acquired STB Freight Group, a 3PL provider, enhancing its logistics capabilities and customer offerings [1][4] - The acquisition allows STB customers to access BlueGrace's Managed Logistics platform, which includes advanced optimization and analytics tools [2][4] Company Overview - STB Freight Group is based in Michigan and specializes in freight transportation across various sectors, including retail, food, automotive, aerospace, and manufacturing, primarily in North America [1] - BlueGrace Logistics, headquartered in Tampa, Florida, serves over 10,000 customers and operates nine offices in the U.S. and Mexico, utilizing its BlueShip platform with over 250,000 carriers [3] Strategic Benefits - The merger provides STB customers with the scale and technology of a national managed transportation provider while maintaining personalized service [4] - This acquisition follows BlueGrace's earlier purchase of FreightCenter, which focused on less-than-truckload (LTL) services, indicating a strategic expansion in logistics capabilities [4]
2026 FreightTech 25 winners revealed onstage at F3
Yahoo Finance· 2025-10-22 16:45
Core Insights - FreightWaves announced the winners of the 2026 FreightTech 25 awards, recognizing innovative companies in transportation and logistics for the eighth consecutive year [1] Group 1: Award Process - Nominations for the FreightTech awards were opened earlier in the year, leading to a shortlist of 100 companies, the FreightTech 100, which was evaluated by approximately 80 industry judges [2] - Judges created ranked lists, and a points system was used to determine the FreightTech 25, with first-place votes earning 25 points and descending to 1 point for the 25th place [3] Group 2: Notable Winners - Highway secured the top position for its focus on solving carrier identity, marking its second consecutive win in the FreightTech 25 [4] - DAT Freight and Analytics, after acquiring Convoy, Trucker Tools, and Outgo, achieved the 10 spot, while C.H. Robinson, through the deployment of agentic AI, made its first appearance at 13 [4] - Repowr, under new CEO Chris Hines, debuted at 12, and Transflo made its first appearance after launching an AI workflow that saves customers millions [5] Group 3: Acquisitions and Rankings - Triumph's acquisitions of Greenscreens and ISO contributed to its 4 finish, highlighting the impact of strategic acquisitions on rankings [6] - The list included eight tech-enabled transportation providers, such as Amazon Freight (6) and C.H. Robinson (13), as well as three autonomous truck companies, including Aurora Driverless Trucks (2) [7]
Mark Ford Joins Highway as Chief Capacity Officer
GlobeNewswire News Room· 2025-06-16 11:01
Core Insights - Highway has appointed Mark Ford as Chief Capacity Officer to enhance growth and advance its vision in redefining trust and identity in the freight industry [1][3] Company Overview - Highway specializes in Carrier Identity® solutions for freight brokers, aiming to reduce fraud and streamline the digital booking process [4] - The company automates compliance, enabling brokers to efficiently identify the right carrier for every load while building their network with speed and security [4] Leadership Experience - Mark Ford brings over 30 years of experience in carrier strategy, operations, and network development from leading third-party logistics providers [2] - He previously served as Chief Capacity Officer at BlueGrace Logistics and was a founding member of Coyote Logistics, contributing to the establishment of one of North America's largest carrier networks [2] Strategic Vision - Ford's role will focus on expanding Highway's value to brokers and carriers through secure, identity-first capacity and procurement strategies [3] - The company aims to address trust issues in the freight industry, which Ford identifies as one of the sector's biggest challenges [3] Industry Perspective - Michael Caney, Chief Commercial Officer at Highway, emphasizes that Ford's experience will help lead the company through significant industry inflection points [4]