Amazon battles Uber, other start-ups in nascent freight service
Live MintLos Angeles: As Amazon.com Inc targets traditional brokerages that match shippers with truckers, it's also battling a bevy of startups - including Uber Freight and a company funded by the e-commerce giant's founder Jeff Bezos. The world's biggest retailer made a splash in truck brokerage circles after Freight Waves reported on Friday that Amazon's service, launched in a handful of Northeastern states last summer, was discounting market rates by as much as one-third. David Uncapher, Owens Corning's director of global transportation until late last year, said Convoy's prices were 5 to 15 percent lower than the company's other brokers, which had far greater geographic reach. Skeptics said startups don't have a lock on new technology and noted that Coyote Logistics, the truck brokerage UPS bought for $1.8 billion in 2015, did a better-than-expected job of holding down the delivery company's costs during the 2018 holiday shipping surge.
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