“When we started this journey with Jordan three years ago, we defined proof of concept as becoming the largest payor in brokered freight,” said the CEO of TBK Bank.
This week: XPO’s chief diversity officer describes the importance of its inclusion initiatives, UPS opens up its Fairway to the Future quiz in honor of the Ryder Cup and the St. Christopher Truckers Relief Fund celebrates a successful diabetes program with the CDC.
Forager has engaged an investment banker and is running a sale process.
“With GCP as a partner, their strategic connections will allow us to build the technology that our FDPs are craving,” says the FRONTDoor Collective COO.
“Our acquisition of Convey brings project44 all the way to the front doorstep,” says project44 founder and CEO Jett McCandless.
“We are thrilled to be partnering with G Squared on this significant milestone,” said Transfix CEO Lily Shen.
FreightWaves examines 5 deals and partnerships that highlight how fintech can improve FreightTech offerings.
“We have always wanted customs authorities to share their rules, what they are looking for and what they are sharing, but they will never do that,” says Altana’s CEO on problems the company is aiming to solve.
This week: From Spotify playlists to full cab renovations, FreightWaves showcases creative ways companies celebrated National Truck Driver Appreciation Week.
“We’re excited to partner with Blume Global, its management team, Apollo and EQT to support the company through its next stage of growth,” says Bridgepoint’s managing director.
Melio’s monthly processing volumes increased 5,000% over the past 18 months as its customers turned toward its digital suite to maintain positive cash flow.
“The Supply Chain Twin enables customers to gain deeper insights into their operations, helping them optimize supply chain functions — from sourcing and planning to distribution and logistics.”
“Amazon Web Services makes it easy to host web applications for scalable solutions. We are looking to do the same thing for supply chain software by breaking down the data barriers that stop anyone from building the tools they need to offer better services.”
Project44 will continue to add telematics providers to its program in 2022 and plans to start building out a global program over the next year.
“We are expanding our reach by allowing owner-operators to keep their own authority and still have the same CloudTrucks experience.”
Quantix showcased its new Peterbilt truck, unveiling the company’s updated color scheme of navy blue and bright green.
“Everest’s growth is a great example of creative problem-solving,” said Cambridge Capital CEO Ben Gordon.
“Its rapid customer adoption is clear, demonstrable feedback of the value that Fractory brings to manufacturing supply chains,” says investor.
This week: Bendix employees build beds for local children, Women In Trucking pilot new mentorship program with LeadHER Alliance and C.H. Robinson employees kick off Robinson Cares campaign.
“To satisfy the hiring needs of the companies currently on the platform, we need to find over 220,000 drivers every year for them. That’s not a small number,” says the CEO of YouCruit.
The CEO of BookYourCargo explains how reform could help improve demurrage and detention chargebacks.
“[Logistics] service providers need to embrace, and philosophically be open to, sharing their data,” says the CEO of Terminal49.
Digitization can alleviate supply chain glitches, but it depends on systems that talk the same language.
“In times of natural disasters, you find an increase in purchases of fuel, maintenance, food and hotels for drivers. … Many of our current customers need help routing their fleets during those times.”
This week: the Leading Ladies’ mentorship program empowers women in the industry; Convoy Technologies will host its second “Tacos for Truckers” event and logistics technology company wants to TransFIX your rig with CBS’ Jason Cameron.
“This is about lowering the barrier of entry for owner-operators. We are trying to push them forward and help them make key decisions that will ultimately lead them to success in scaling their business.”
“Operating systems should learn from the behaviors of these shippers and LTL carrier partners, record these exceptions and apply learning from them for future automation.”
“I think the difference in distinctions between the digital players and the — whatever you call the nondigital players, has become almost nonexistent,” said XPO CEO Brad Jacobs in its earnings call.
This week: Cargostore and Kuehne+Nagel employees skydive with Red Devils for various charities, DHL successfully delivers 4 million donated vaccines from the U.K. and truck art helps find missing children in Pakistan.
“We are very interested in areas where mobility collides with other themes. … Companies becoming more open to innovation will make these collisions much more frequent.”
Daimler Trucks North America’s participation in this round points to an increasing market for Truck-as-a-Service products, tools integrated during the manufacturing process to help fleets manage safety, privacy and intelligent automation tools.
“We strongly believe that expecting random carriers to digitally engage with you and book your freight without having a relationship is a strategy that has just never proven to be effective.”
“The list of integrations demonstrates a pivot in our strategic goals as a company to work more broadly in our customers’ favor. We can now partner with best in class solutions in various product categories in order to build out more customer value.”
“Traditionally, the private fleets have been very separate from the for-hire or public fleets. … With technology and innovations like this, we can help these small fleets go after the other half of the market.”
“There was a lot of flexibility in their API that allowed us to do what we wanted to do with it, compared to others that had a lot of pre-built tools.”
“I am not kidding: Scaling this is the hardest thing I have ever done in my career.”
This week: Johnelle Hunt joins in celebration of J.B. Hunt’s 60th anniversary, XPO celebrates graduates of its online university’s LTL leadership class and the ATA prepares for its virtual championship this Saturday.
DRIVE automatically spots areas for improvement so drivers can request coaching to boost their safe driving miles.
“The FDC is also very focused on equity and inclusion. We are extremely proud that 54% of our network is woman-, minority-, and veteran-owned.”
A trucking company CEO describes how carriers stay agile to meet customer demand in the pandemic era.
“Over more than two years of working with Parcel Perform, their solution has become our global track-and-trace solution,” said Davide Costella, global delivery services manager at Nespresso.
“Iowa is now at the leading edge of the inclusion of blockchain in contract law here,” said CEO Spillman, as his team recently fought to have smart contracts recognized under law in Toggle’s operating state.
This week: XPO receives a 90 out of 100 score on Disability Equality Index, Shell Rotella announces custom rig winners and Schneider driver’s daughter brings home first U.S. female diving medal since 1988.
The Chaparral has a set of applications for national defense, including dust-off operations; casualty evacuation; and intelligence, surveillance and reconnaissance.
“There was an immediate synergy,” said AIT Worldwide Logistics’ CIO of the acquired companies’ culture.
“The acquisition of RJ’s further expands the reach of A&R’s liquid platform into strategic geographies and allows our team to continue meeting the needs of our customers across the supply chain.”
“Now we are understaffed and have laid off a couple of people that have really key, historical knowledge of the products. … It has become a really toxic strategy,” says a source inside Omnitracs.
This week: Walmart showcases truck driver in its Every Day Heroes program, Wreaths Across America recognizes trucking company for volunteer efforts and Schneider driver’s daughter advances to Olympic diving semifinals on Saturday.
“Gopuff has quietly built a very strong business and solidified itself as the leading player, continuing to define this evolving category.”
The partnership between BlueGrace and Trucker Tools showcases the right way to leverage popular book now features.
The acquisition is a part of a five-year strategic plan to innovate and create disruption in the bulk trucking space.
A recent SEC filing shows the company has already raised $44.7 million from four investors.
“I’ve coined it the ‘superpower of check calls,’” said TextLocate founder Ryan Rogers.
“Bill started reimagining email where it was most broken and therefore hardest to fix — large teams managing huge volumes and complicated processes,” said principal at Insight Partners Rebecca Liu Doyle of SEDNA’s CEO Bill Dobie.
White-label platform raises $2.5 million to bring real-time, guaranteed container rates to global shippers of all sizes.
Investments in visibility and collaboration among bottling partners earns Coca-Cola a spot on the FreightWaves Shipper of Choice top 25.
This week: Bestpass employees raise funds for diabetes research and DriverReach partners with behavioral software to reach nontraditional driver candidates.
FreightWaves examines the challenges of drayage logistics and the technology companies that are overcoming them.
A source says up to 35% of the workforce is being let go by parent company Solera in a massive restructuring plan to relocate positions to India.
Fetch Package has created a last-mile logistics solution to optimize deliveries to multifamily housing communities, eliminating the need for updated package rooms or lockers and increased staff to handle incoming traffic.
“The Transfix team is extremely talented, but there’s a quality to the culture that’s got gumption,” said newly appointed CCO Sophie Dabbs.
“Drayage is one of the biggest pain points for shippers right now,” said industry entrepreneur Andrew Leto.
Netradyne says it has been able to reduce distracted driving cases by 60% and improve following distance by 76%, leading to its global customers’ insurance claims dropping by 82%.
This week: Schneider donates to the American Red Cross to provide pandemic relief in India, ATA opens its online store earlier for National Driver Appreciation Week merch and the St. Christopher Fund holds its first art auction.
The newly wrapped Chevrolet Camaro ZL1 1LE, driven for Rick Ware Racing and sponsored by BYRD Racing, will showcase the two FreighTech companies for the NASCAR Cup Series midsummer installment.
“We will learn how our customers use the product, learn their pain points and inject those solutions into the product as we go, really changing the user experience.”
“We have to compete in a marketplace where my competitors don’t even have to be profitable.”
“This collaboration brings us closer to another source of data and another way to look at last-mile problems.”
“We’re investing in our supply chain at an unprecedented scale in order to optimize that process end-to-end.”
“If we don’t think about disrupting, we are not going to succeed,” says Cummins’ Amy Davis.
“Instead of reinventing the wheel, we partnered with someone who is a leading player in that domain,” says Locus CEO Nishith Rastogi.
Walmart International bought a 77% stake in the India-based e-commerce shopping portal in 2018.
This week: Pilot gifts throwback Peterbilt to driver with sterling record of safe driving, AIT Worldwide Logistics stays committed to St. Jude Children’s Research Hospital and J.B. Hunt gives additional $5 million to Arkansas Children’s health care initiatives.
“We believe combining with good businesses makes us a better company and it will remain a large part of our plans going forward.”
Available in late 2021, the company’s card will allow drivers to facilitate transactions anywhere Visa is accepted.
“The rapidly legalizing cannabis market will be one of the first entirely new regulated supply chains to be built after the invention of the internet.”
“I think about the fact that if we fulfill this mission, the world is better off and not many opportunities have that.”
This week: TA’s Register Round Up Campaign begins, Chicago-based Loadsmart gives back to the community and ParkMyFleet’s solar car race is thwarted by a breakdown.
The company’s mission is to create the first logistics company that serves all humans equally.
“Working with Transfix has to be an experience that’s better for carriers and it has to allow them to both make more money but in a way that is more sustainable for them,” says Transfix CFO.
“We believe we provide a best-in-class driver experience. I think that goes a long way in retaining drivers,” says Schneider National chief information officer.
Venture capital has found an international star that shines twice as bright as the United States with a business logistics cost of 14% of the country’s GDP.
The vision of the collaboration is “for customers to be able to track their products from door to door and understand exactly what’s happening every step of the way.”
This week: J.B. Hunt inspires inclusion with in-house resource groups, ParkMyFleet sponsors first U.S. solar car race and Flock Freight creates a trucking-inspired playlist.
Earlier this month, RoadSync announced it has partnered with the truck stop and service center network AMBEST to help get trucks serviced and back on the road faster.
“I think if your company value is rooted in working backwards and focused on the customer. … That’s how I think true inventions happen,” explains new Convoy CTO, Dorothy Li.
The CEO of BookYourCargo describes the “black hole” that many shippers experience once their shipments leave a port of discharge.
“They have built something that does make truckers’ lives easier. They help them find parking and cheaper fuel, along with their next load.”
Forto’s digital platform is designed to boost operational efficiency, lower handling costs and increase transparency for its 2,500 customers.
“Historically, patents were a source of value creation. But today, innovation often comes from other places,” says supply chain technology investor Benjamin Gordon.
This week: Workforce Heroes teach students about trucking careers, ‘Grow at XPO’ launches 100th location and WIT teams up with CarriersEdge for Diversity and Inclusion Index.
“Building on the RapidResponse platform lets us leverage our innovative planning algorithms to create an application that seamlessly connects supply chain planning and transportation optimization.”
8VC was named top VC in Pitchbook’s Q1 2021 Supply Chain Tech Report.
“Over the past year, our customers have grown their fleets by 21%, and with our Series E funding, we are now well-positioned to grow alongside them by investing in talent and technology to better serve all businesses that power the physical economy,” says the CEO of KeepTruckin.
“If this market stays elevated for a longer period of time, there will be some consequences coming from it,” says Xeneta CEO.
“Trucking is one of the greatest jobs in America to support your family and make a really good living,” said CloudTrucks CEO Tobenna Arodiogbu.
“Our philosophy is not just to bring people to our dashboard, but give the power of our data to all of the dashboards and move the entire industry forward,” said Terminal49 CEO Akshay Dodeja.
“We’re trying to deploy a fleet and do volume deliveries and learn more about that than anybody else in the autonomous space,” says CEO Luke Schneider.
This week: J.B. Hunt announces $1M endowed scholarship for supply chain inclusion, OTR Capital’s new web series showcases life on the road, and tank driver could become Canada’s first NTTC Driver of the Year.
“The pandemic has greatly accelerated the adoption of smart automation, and we are ready to meet the unprecedented market demand.”