Cannon Express Turns to the Web
Another truckload carrier is looking to the Internet for salvation.
The move is the latest in a mad rush by trucking companies and logistics experts to set up electronic marketplaces in an effort to lower costs and reduce empty backhauls.
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Cannon Express of Springdale, Ark., announced the formation of Carriersco-op.com, an online business aimed at helping smaller trucking companies exchange loads and compete with larger rivals and third-party non-asset-based transportation companies.
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And Wall Street is sending a powerful signal that it likes the trend.
