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Artificial intelligence and machine learning are two expanding means logistics companies can use to gather and process tremendous amounts of data surrounding freight shipments.

Cargo Chief announced the release of version 3.0 of its C4 carrier management platform aimed at helping brokers find “backhaul full truckload carriers in the over-the-road industry.”

Digital freight marketplace Emerge closed out an early stage of financing with $20 million in investments, it was announced Feb. 4.

Freight brokerage company Arrive Logistics announced June 18 that it has raised an additional $25 million for expansion.

Two Indianapolis-based freight brokerage firms, FitzMark Inc. and Reliable Source Logistics, are joining forces in a quest to build a global “logistics powerhouse,” company officials said.

Damon Anderson is using his company, Tallgrass Freight Co., to help other freight brokers and sales agents go out on their own by providing technical support, plus insurance and fringe benefits that are usually available only from larger corporate entities.

C.H. Robinson announced profits plunged 22% in the second quarter compared with a year ago, coming up well short of the lackluster Bloomberg News consensus forecast of industry analysts.