“This is not just a truckload-only tech solution,” Ken Beyer, CEO of TI Holding Co., told FreightWaves.
This week: Phillips 66 employees mark Black History Month, and Bendix and Amazon support STEM programs in the Midwest.
“As the largest cannabis distributor in the largest markets in the U.S., we continue to source, implement and deploy leading technology solutions into our infrastructure to refine our processes and remain competitive and agile,” said Michael Beaudry, founder and CEO of HERBL.
“I read that if we could save drivers 18 minutes a day, we would not have a driver shortage problem. We think it’s possible to give them those 18 minutes just from time wasted at the warehouse alone,” says C3 Solutions’ CRO.
“We are coming out of the gate with the LoadBoard Network software but the best part is the infrastructure is all new. There will be unbelievable opportunities for customers as we add features,” says the founder and president of LoadBoard Network.
This week: James “Big Brown” Joseph joins UPS volunteers to build a wheelchair ramp for a World War II veteran, FedEx launches its Small Business Grant contest and Ruan’s vice president of operations joins the One Warm Coat board.
According to the Austin, Texas-based company, the average purchase order has a 52% chance of changing before it is delivered by the vendor.
“Drayage carriers are getting booked out weeks in advance at the ports. … Gone are the days of trying to arrange drayage and transloading the day a container is released from a vessel,” says Global Gateway Logistics CEO.
“For years, we have talked about the lack of available data to help with port operations. Ports are basically a black box when it comes to available information,” says the National Retail Federation’s vice president of supply chain and customs policy, regarding issues with global supply chains.
This week: Russia-based Aviacon brings animals of U.S. troops and contractors from Kabul to Canada; Averitt Express raises over $1 million for St. Jude; and FedEx launches its HBCU student ambassador program.
Automotive supply chain drivers express their frustrations with border closures.
“What Leaf is doing — building a highly connected and forward-looking view of the industry from the ground up — just can’t be done by incumbents operating within the existing constructs of the industry,” says partner at Sozo Ventures.
Truckload capacity management platform Parade plans to grow its team, expand its capabilities and add third-party partners to increase its value to customers.
Parsyl closes on $25 million series B while currently monitoring vaccine shipments for 200 million people across 80 countries.
With experience from J.B. Hunt, Penske Logistics and Transplace, Mark McEntire looks forward to his new role at procurement and logistics platform Emerge.
No. 7 on FreightWaves’ 2022 FreightTech 25 is landing $935 million in a series E round led by Andreessen Horowitz and MSD Partners.
This week: DHL reaches its 2 billion COVID-19 vaccine delivery milestone, United Petroleum names its Driver of the Year and GXO donates over 20,000 pounds of food to families in Europe.
“There is an urgent demand for new and innovative ways to increase visibility and efficiencies in the supply chain and improve driver experience, and this investment from our new and existing partners is going to power us to fill that need,” says Platform Science co-founder and CEO Jack Kennedy.
Pitney Bowes’ Nita Lathia becomes head of marketplaces for Passport.
Forager founder and CEO Matt Silver will continue to work closely with his team as Arrive’s vice president of cross-border solutions.
Chicago-based on-demand freight marketplace closes on $200 million series D round.
This week: Werner launches its cookbook, Women in Trucking offers ideas for safer training programs and UPS donates $1.25 million to advance underrepresented entrepreneurs.
Conversational analytics tool Athena received the 2021 Cool Vendor in Analytics and Data Science award from Gartner.
“We are finding that if we can focus heavily on the customer experience, we can deliver tremendous value to our customers and that’s what it’s all about,” says Logixboard CEO Julian Alvarez.
“We decided this rebrand was right for us now because we knew people tend to think of us based on what our business did when they met us or based on what service they hired us for. We’re so much more now and wanted our name and brand to represent that.” says CEO Peter Rentschler.
AskWaves examines four charities that help improve life on the road.
This week: DHL helps rescue five lions and a tiger; Schneider receives the SanMar Mask Award; and C.H. Robinson begins taking applications for student scholarships from carriers and employees.
“Combining our visibility technology with a sophisticated fintech product will allow companies to make their payments around real-time updates,” says the founder and CEO of Shifl.
“It’s the sunk cost fallacy. It’s human nature to want to stick with something you have invested so much in but, at the end of the day, no technology is going to last forever,” says Kinetic co-founder on continuously investing in FreightTech as your business grows.
This week: the transportation industry supports Truckers Against Trafficking, J.B. Hunt drivers donate school supplies to their kids’ teachers and Mayor Pete gets a bobblehead.
In this edition, Fontinalis partner Chris Stallman describes his life-long passion for finance and his favorite 2022 FreightTech themes.
TPG, Thoma Bravo and Goldman Sachs led a $240 million investment round for the Chicago-based real-time visibility provider.
This week: Operation Lifesaver celebrates 50 years of rail safety education, PCG donates 20,000 boxes to service organizations and Gopuff begins delivering COVID-19 tests in 20 mins.
Brad Mackler, most recently with Convoy, has purchased executive recruiting firm Milestone Partners from founder Sam Herman.
The RMX platform is designed to provide end-to-end visibility to trucking companies and insurance carriers.
Blume Global’s customers have access to the manufacturing solutions provided by LiveSource, including tools for value analysis and engineering, product part approval processes, advanced product quality planning and nonconforming reporting.
This week: FreightWaves reviews five top Log Book stories from the past year, from National Truck Driver Appreciation Week activities to the gifting of a Peterbilt.
“Nearly every industry has been impacted by supply chain disruption, magnifying the need to accelerate improvement opportunities in supply chain planning and execution,” said a NTT DATA Services executive of the deal.
From relay networks to industry unicorns, FreightWaves looks at technology trends that will continue to transform supply chains into the new year.
“We are a data company that happens to be applying our data points to solving problems in supply chain,” says Dray Alliance co-founder and CEO Steve Wen.
EDRAY’s global shippers reportedly have seen a 40% increase in drayage productivity, five times less rehandling and 25% less emissions.
“We don’t partner with one asset, we partner with all box truck assets in a region and we aggregate the totality of orders to be sure that there is one full truck delivering to one ZIP code,” said Onward Delivery CEO Grafton Elliott.
This week: CFI employees raise holiday funds for local charities; XPO joins other industry professionals for Wreaths Across America Day; and Gopuff gives toward Kentucky tornado relief.
“The trucking insurance industry hasn’t innovated anything for the last few decades, so we thought with our insights and the right person we could change that,” said CEO Mats Holmback.
“I think the biggest challenge that we face is all stakeholders working in their own silos,” said Trimble Maps’ Rishi Mehra at FreightWaves’ Domestic Supply Chain Summit.
Viaduct’s services — Smart Service and Smart Quality — can help the company begin to make recall predictions to avoid unexpected maintenance for fleets.
“Technology companies are starting to come to TruckerCloud as their ELD aggregator,” says TruckerCloud’s new CEO, Spencer Mitchell.
“I think the ability for us to pivot and be nimble to what the market is asking from us has become a huge piece to our success,” says Transflo’s CEO.
This week: Love’s distributes meals and OKC Thunder tickets to military families; a trucking insurance company announces its driver of the year; and the U.S. Postal Service asks for help answering letters to Santa Claus.
Cambridge Capital’s Ben Gordon details the roots of his “scrappy underdog” mentality, past investments and FreightTech’s recent defining and not-so-defining moments.
Hello, retail supply chain nerds. Happy Tuesday! Just wanted to remind everyone that we will not have a new episode of Point of Sale this week. INSTEAD, we have a […]
La empresa de camiones con tecnología recauda 21 millones
de dólares en una ronda de serie A
“Partnering with someone like Emerge, someone whose primary focus is staying in tune with technology, we can move much faster, pivot when need be and continue to move forward and focus on operational execution for our customers,” said DHL Supply Chain North America’s president of transportation.
“Our technology is picking loads for drivers based on what is best for the driver and what will generate the most revenue on the truck, which in turn, generates the highest potential salary for our drivers” said AI Fleet co-founder and CEO Marc El Khoury.
This week: Gopuff donates to eight Covenant House locations, new Trucking Cares president announces new campaign and Bendix Huntington builds an all-inclusive playground for the disabled.
“When we overperform, we expect to reinvest that back into our business. We focus on recurring revenues and establishing relationships with customers for life,” said Descartes’ CEO.
“This is a logical next evolutionary step for EKA to realize its original vision to democratize freight management,” says CEO JJ Singh.
According to Gartner, multi-robot orchestration has only penetrated 1%-5% of its total target audience and will become necessary as companies begin deploying more than one robotics technology within their operations.
“This is the largest amount of funding that has been dedicated to building a complete business management solution for trucking entrepreneurs and we are excited to be leading the charge here,” says CloudTrucks CEO Tobenna Arodiogbu.
“Beginning with the 2018 merger of Transportation Insight and Nolan Transportation Group, we have been on a mission to bring together the most innovative thinkers with the most powerful technologies and data to empower the largest network of people to create a new future of logistics,” says CEO Ken Beyer.
This week: CMA CGM donates 12,000 turkeys, Gopuff donates $100,000 to fight food insecurity and supports rapper Quavo’s turkey drive, and SC Ports’ employees donate their Thanksgiving gift cards to a local food bank.
“Leaders should realize that you’re not going to get a lot of benefit by trying to build volume with negative margins. The goal here is to be focused on value-adding technology and cloud adoption, not in volume building,” says Loadsmart co-founder and co-CEO Felipe Capella.
“The most effective way to address supply chain congestion is to move inventory closer to the end customer,” said Deliverr co-founder and CEO Harish Abbott.
This week: Xos donates use of its electric stepvans to the Los Angeles Mission; Truckers Christmas Group begins its holiday campaign; and Chester’s Chicken partners with Love’s for “Truckersgiving.”
“There’s a lot of waste in the freight industry, and we believe much of it can be avoided with new approaches to capacity sourcing and shipment automation,” said the senior vice president of USA Truck, which has been helping develop Convoy’s program for the past year.
FreightWaves’ new series dives into the stories behind the industry’s biggest investments. Its first stop: the 33-year-old Chicago-native Jason Duboe who leads project44’s scaling initiatives.
WeatherOptics has become the ninth contributor to the partnership, joining a list of visibility partners including Tive, project44, FourKites, TransVoyant, MarineTraffic, Everstream Analytics and Cloudleaf.
This week: Central States Mfg. donates wreaths for veteran nonprofit, OOIDA kicks off “Truckers for Troops”, Love’s raises funds for veterans with specialty tumblers and XPO’s CEO challenges the company to hire more active and veteran military employees.
“While the front end of commerce has seen significant innovation over the past decade, much of the back end of the supply chain is built on disparate systems and manual processes,” says an Orderful investor.
“Our company vision is: ‘To create the ultimate freight shipping experience by operating at the optimal intersection of people and tech.’ This is our first step towards making that vision a reality for our customers,” says the founder and CEO of Ally Logistics.
“A lot of people will say an automation journey starts with having the right tools and right technology. Well it’s not. It actually starts with knowing what you want to automate and having processes very well defined before you start,” says Lean Solutions’ CTO.
“[What] speaks to M&A in our space right now is, a fast-growing, value space organization is actually worth more than a slowly growing, stable, profitable business,” says CarrierDirect’s CEO of the current brokerage market.
Latin American countries “are all completely different markets that need different solutions and I look forward to helping project44 understand those differences,” says Pierre Jacquin.
“As that system proves out over billions of miles of experience and proves the real safety of the technology, we think that will be a key building block towards fully autonomous trucks,” says Plus COO and co-founder Shawn Kerrigan.
“Meeting customers where they need us most has been a relentless focus of the team since inception,” says the co-founder and CEO of Bolt Logistics.
This week: the UPS Foundation enters its 70th year of giving back, Everyday Heroes will auction off Kenworth T680 Next Gen for Truckers Against Trafficking and TA raises $102,000 for St. Christopher Trucker’s.
According to the company, Over-the-Road Rating is available for customers now as a web interface under its Visibility Operations center. Project44 plans to make an API-based platform available for the tool by the end of Q4.
“The deluge of information can lead to processing delays, false detections and erroneous alarms. All this processing noise is what leads lidar systems to behave like distracted drivers,” said Spartan Radar’s founder and CEO on competing technology.
“The investments we’ve made to date are paying off. As global supply chains continue to be disrupted, this is creating opportunities for us to become even faster, more agile and more efficient,” said an American Eagle executive in a recent earnings call.
“Noregon has a lot of different opportunities available to us and we could take the company 100 different ways right now. What direction to take is something we feel like the Hearst management team can help us with,” said the founder and CEO of Noregon.
This week: Lineage Logistics launches Foundation for Good, Trucking Cares Foundation honors Walmart driver and J.B. Hunt wins 12th consecutive award from the EPA.
From resource groups to driving electric trucks, learn four ways your company can build a more inclusive environment for women.
“How do we staff appropriately as we experience this hypergrowth? Detroit just made a ton of sense for that,” said BlueGrace’s vice president of logistics operations.
This week: A Kenworth truck is set to deliver the U.S. Capitol Christmas tree for the eighth time; a project44 partnership offers camper vans for employees to work from anywhere; and ATA’s road team delivers supplies to Afghan refugees in Wisconsin.
“Flock Freight is the only company that offers guaranteed hubless shared truckload service, and this additional investment adds more fuel to our sustained triple-digit growth,” said Oren Zaslansky, CEO and founder of Flock Freight.
“At Uber, we get to build on the shoulders of giants,” said Val Marchevsky, Uber Freight’s new head of logistics tech.
This week: Maersk moves seven containers of medical supplies to India for $1 a pop; Razor’s new landing gear helps a veteran monument replica move across the U.S.; and XPO continues to support breast cancer walks.
With the help of its 3PL customers, project44 was able to create its tool to help fight the capacity shortages and transit delays plaguing many logistics providers today.
Vendorflow has attracted investment from industry leaders with project44, Flock Freight, Best Bay Logistics and NEXT Trucking.
“Over the past decade, we’ve seen the industry shift from pen and paper to on-premise systems to using modern software,” says Rose Rocket’s co-founder.
“I am a firm believer that what gets measured gets accomplished,” says LaQuenta Jacobs on developing diversity, equity and inclusion programs within a public company.
This week: CMA CGM works to restore millions of oysters in Chesapeake Bay, J.B Hunt supports the American Foundation for Suicide Prevention and Goodyear starts accepting nominations for the Highway Hero Award.
“We look forward to integrating their state-of-the-art facilities and diverse services so we can better serve our customers in Europe and around the world,” said Lineage’s senior vice president for Europe.
“One of the things we continue to see is extreme weather events in regions that historically haven’t had them,” says FourKites’ Glenn Koepke.
“A lot of the smaller to medium-sized BCOs and NVOCCs are having to exist on the spot market,” says Caitlin Murphy, the founder and CEO of Global Gateway Logistics.
By 2030, truck manufacturing executives expect $465 billion of annual revenue will likely switch from sales to aftermarket services for fleet management, automation tools, data security, privacy and enhanced driver features.
The co-founder said many of his current investors called Uber and other marketplaces to discuss their flatbed capabilities but were told that “they did not intend to make that a core focus.”
Amazon’s Jeff Bezos increases investment in U.K.-based supply chain platform Beacon and confirms rumors of investment in Singapore-based e-commerce platform Ula.
This week: Convoy gives $50/load incentive in October to carrier partners that represent diversity in the workplace, Operation Lifesaver announces this year’s Champion award and ATA is honored for its disaster relief efforts.
In April, dltledgers announced it had successfully applied this technology to a $12 million trade transaction with global food companies Cargill and the first large firm on its platform, Agrocorp.