Trucks Venture Fund 2 is backed by seven large global partners — three auto OEMs, three auto suppliers and one communications company.
“We need to get safe drivers on the road and we need to do so quickly,” says CVTA President and CEO Bailey Wood during FreightWaves’ Small Fleet & Owner-Operator Summit.
“We’re a little over 5 million miles with zero personnel safety incidents and we take both of those metrics very, very seriously.”
“Visibility is one of the biggest go-forward initiatives we hear from our customers.”
“These partnerships can’t be just regurgitation of consolidated data; there has to be a business case that you build around it. That is what we are trying to do here.”
“We truly believe we are at least two or three years ahead of any other player in the market.”
This week: Safety4Her goes from online retail to brick and mortar, WIT’s vice president joins the board of Wreath Across America and Shell Rotella SuperRigs is back in-person.
Once Flash Group has made its international debut, CEO Komsan Lee will look to take the company public, according to reports.
While the company is already present in Germany, France, the U.K., Canada and Australia, it plans to use these new funds to expand internationally, specifically further into Western Europe.
“Redwood customers can now enjoy a fully integrated parcel solution, offering rating, labeling, visibility, analytics, reporting and savings through our enhanced parcel expertise.”
“Logistics decisions are actually not designed for humans because it involves a lot of confusion. For example, dispatching takes into account a lot of fast-moving variables that take place within a small amount of time, and there is no way a human can do it efficiently.”
“Robotic process automation is no longer a science experiment. This technology is no longer about figuring out what works. The time to consider whether to automate your warehouses has passed.”
“Acquisitions and strategic partnerships are part of this strategy — the additional funds give us the flexibility to capitalize on the right opportunities.”
Project44 attributes its exponential growth, like its 135% year-over-year new bookings growth in Q1, to its skilled global team.
This week: Hiring Our Heroes awards rookie drivers with fully loaded Kenworth trucks, St. Christopher Fund raises $75,000 from its virtual concert and Operation Lifesaver awards $245,000 in grants to various state initiatives.
At the end of Q1, JD Logistics was operating over 1,000 warehouses globally that cover 226 million square feet of space, managed by the JD Logistics Open Warehouse Platform.
“Their team construct is fundamentally different. When you look at their data science, machine learning and computer science background, they are best in class.”
“We will provide more robust capabilities and value to our customers, unlocking a greater opportunity to accelerate our long-term growth.”
“We plan to expand to three global manufacturing facilities, expedite product development, grow our global sales and service operations teams and so much more.”
The servitization of the trucking industry means there is a need for carriers to have better transparency of their available equipment in order to add new revenue streams.
“We were able to establish relationships with carriers that range from owner-operators to some of the largest fleets in North America. These networks will allow Canadian shippers to tender a load in seconds.”
CEO Kushal Nahata says FarEye brings cost savings to its customers but also improves the workflow and overall experience of their employees.
While the plot is dramatic, ice road driving is a very hazardous, but necessary, segment of the transportation industry.
“Ultimately the pandemic has made everyone realize that there are opportunities here to make all of our lives better going forward.”
“We have added the ability to have an app-based experience versus an online website to manage your back room and that kind of innovation is a big reason why our retail customers have been working with us.”
“The first step to optimizing your capacity is to start with your network. … Step two is optimizing across multiple networks.”
The CHIPS Act aims to subsidize companies that can set up domestic manufacturing plants to create a more resilient supply chain for the future demand of semiconductors.
“We have been able to automate almost 80% of back-end operations.”
“The customers who use Baton will one day never have to send long-haul drivers to warehouses again.”
“Seventy percent of supply chain actors needed to execute on your supply chain are not within the four walls of your company.”
“There was a large amount of venting and frustration coming from their trading desks as they would wait hours for updates on what inventory was available to buy or sell.”
Arrive’s partnership with TriumphPay allows carriers to send in load paperwork through the new technology platform and manage their payments, factor invoices and request QuickPay.
Earlier this year, Vista Equity Partners was rumored to be combining the three companies within its portfolio to go public through the blank-check firm Apollo Strategic Growth Capital.
JD Logistics’ network has the ability to deliver 90% of orders within the same or next day to 99% of mainland China.
“NTDC is annually one of the highlights of the ATA calendar, and we are very happy to bring the ‘Super Bowl of Safety’ back in this virtual format”
“With this aggregated data approach, we can begin to move the needle on the whole industry’s reputation, one motor carrier at a time. … That would be a huge gratification to me and the rest of the team.”
According to a company blog, ForU Worldwide is able to increase operational efficiency of vehicles by 24% and reduce shipping cost by 15%.
ParcelLab’s platform takes in data on the ordered product but even includes weather and traffic updates to customize the delivery experience.
“We look forward to partnering with CSX and to create a new level of efficiency for bulk chemicals transportation.”
“With this investment, we’re able to add even greater resources to the pursuit of our mission: to make our customers’ supply chains their competitive advantage.”
“We want to remain innovative for what our customers need regardless of whether that innovation comes from what we’ve designed internally or from combining with a leading successful company that’s got something unique that the market wants.”
Allstates WorldCargo plans to grow its domestic footprint through continued acquisitions.
“I had never spent more than three days away from my daughters so it was really hard for me when I first started driving a truck.”
“Everything that women face in the trucking industry will also be obstacles that they will face in every aspect of life”
All commercial motor vehicles carrying hazardous materials must stop
“What we saw in the market was an opportunity to connect all of these new data sources and automation systems and consolidate all of that into one place”
‘Data gives companies power. But, you need to extract it first.’
Brokerage candidates know “they’re in the driver’s seat,” according to one recruiter.
“I truly believe that every driver wants to be the best driver,” A&R exec says. “With this system we can help them do that.”
Visibility provider’s global focus “is part of our DNA,” says Chief Product Officer Vernon O’Donnell.
JD.com’s logistics spinoff is rumored to list in Hong Kong by the end of the month.
“We feel like Transfix is not even at the end of the first inning. We’re in the first pitch of the first inning.”
On May 6, Mateo will be delivering packages in downtown Stockton in his own UPS uniform and custom delivery vehicle after the Make-A-Wish Foundation granted his wish.
“For the first time ever, shippers can have a true global view of their supply chain network in a single platform.”
“You can’t just go buy a drone like ours and take off and start flying,” said Wingcopter exec on airspace regulation during the DroneWaves Summit.
Vehicle Transport leverages partnerships within Agero’s Swoop Dealer Portal to quickly get drivers back on the road after breakdowns or accidents.
Partnering with project44 enables Everstream Analytics’ predictive risk tools to become more foretelling with a larger pool of data.
“These applications are really becoming table stakes. People and consumers believe the software we’re getting at home is the software that we should see in the office.”
Software is designed to simplify the material-handling process at e-commerce fulfillment centers.
“The Wingcopter 198 is a game-changer for drone-based deliveries, ready to create logistical highways in the sky.”
“Every three hours in the United States, a person or vehicle is hit by a train,” said Operation Lifesaver director in an interview with FreightWaves.
“We started figuring out how we can layer in artificial intelligence to our systems to allow our customers to be predictive and not reactive,” Panasonic executive tells FreightWaves.
Imagine a world where companies have full visibility of their complete supply chains’ carbon emissions. FreightWaves Carbon Intelligence offers that insight to SONAR users.
FreightWaves discussed the new solution and how customers can reduce their carbon emissions with Loadsmart co-founder and President Felipe Capella.
“Enormous amounts of energy require enormous amounts of space and one thing vessels don’t have is space,” said Milton Bevington during FreightWaves’ Net-Zero Carbon Summit.
Andrus was able to reduce its dwell time to 30 minutes, 1.38 hours less than the market average and 1.6 hours less than the average national wait time.
FreightWaves examines ways carriers can limit their GHG emissions that won’t cost them an additional investment in electric vehicles.
The Mother’s Day Truck Convoy was created over 30 years ago when a wish kid named Matt wanted to ride in a big rig truck and talk to his little sister, Heather, on the CB radio.
Gruzka products help reduce load transactions at docks by 50%, allowing products to be loaded within the metal bin that can simply be picked up and moved by a standard forklift.
Trucking companies will need to become more strategic about recruitment in the future. Those not willing to change will have difficulty finding drivers.
It’s a good day to breathe a bit easier. The number of all-electric trucks headed out to make local deliveries is growing. Whether you’re in Southern California or a major […]
This integration will allow McLeod customers to leverage Maven’s driver workflow solutions.
North America is expected to mine only 5% of the world’s lithium by 2025, making Battery Resourcers’ recycling strategy important for domestic EV manufacturers.
We are learning a bit more about Monday’s meeting between the Biden administration and numerous companies, specifically the list of attendees. At least two large automakers — Ford and GM […]
“Then Judd was like, ‘Let me call up my friend Billy Dean and see if he wants to be a part of this too’ and of course he said ‘yes.’” said Shannon Currier of the St. Christopher Truckers Relief Fund.
Blue Yonder, a leader in supply chain software, announced Friday it has confidentially submitted a proposed initial public offering (IPO) to the Securities and Exchange Commission. The IPO price and […]
The average truck’s carbon footprint is 201,834 kilograms or 223 tons of carbon dioxide per year.
You know that your corner of the automotive industry isn’t exactly niche anymore when mainstream media outlets start encroaching on the topic.
“They have been productive and have risen to the occasion. I really feel like the millennials were the ones that came of age with this pandemic,” said the EVP and COO of Melton Truck Lines during the FreightWaves’ Enterprise Fleet Summit.
FourKites CEO Matthew Elenjickal explains the importance of value-adding tools.
“There is nothing worse than putting a driver in the truck who is going to drive 600 miles a day by himself and he is speculating that somebody either doesn’t care or isn’t listening or isn’t reacting to their needs,” said the president and CEO of Dart during the FreightWaves’ Enterprise Fleet Summit.
There continue to be concerns about when these new orders will be prepared, as many truck manufacturers continue to deal with semiconductor shortages.
“You should start logistics rooms tonight; it would be huge for you,” Gary Vee said about Clubhouse in an interview during FreightWaves’ Global Supply Chain Summit.
The Women In Trucking Association’s partnership with Girl Scouts of America enables local transportation companies and troops to plan a “Trucks Are For Girls” Event with the purpose of obtaining a Transportation Badge.
BLAZE has experienced rapid growth from the introduction of BLAZEPAY, facilitating over $1 billion in annualized gross merchandise value.
Tier 1 automotive supplier avoids line-down debacle via AIT Worldwide Logistics’ speedy transborder solution
Tyltgo has set a goal to serve 100 new retailers by the end of this year and to double its current team, which consists of nine employees.
“For midsize transportation suppliers, their viability depends on their procurement process,” says Keelvar founder and CEO Alan Holland.
“We want to give a voice to third-party sellers,” said Bringg’s VP of Alliances.
“What is really attractive is the technology platform that enables the retailer to do a full assortment of products.”
Every day, over 30,000 people play trucking simulation games on Steam.
The automotive writer who tracked down Ford’s long-lost turbine semi-truck, ‘Big Red,’ says, “There is more to come.”
“With insurance costs and driver turnover skyrocketing over the past several years, our mission is to help fleets overcome these challenges and create a safety culture that is not only valued by their drivers but also their insurance providers,” said co-CEO of Idelic.
In 2020, J.B. Hunt reported more than 1.2 million loads were processed through its platform, exceeding $1.4 billion in transactions.
The TWIC program provides drivers with government identification cards, like a driver’s license, to access secured maritime facilities and vessels. U.S. citizens and certain immigration categories can apply for the program.
“Detention is a very sticky subject. … Using [visibility] technology you have the data to determine the legitimacy of that request,” TruckerCloud CEO Sam Powers tells Grace Sharkey during the FreightWaves 3PL Summit.
Yum! Brands already has 900 KFC, Pizza Hut and Taco Bell locations across 35 countries using the platform for ordering food on messaging applications
“Human-centered design is at the heart of what we do,” Transfix CEO Lily Shen tells Andrew Cox during an episode of Point of Sale aired as part of FreightWaves’ 3PL Summit.
The company buys products directly from a manufacturer and distributes those goods throughout more than 250 micro-fulfillment centers. With its contracted driver network and a flat fee of $1.95, goPuff promises 30-minute delivery 24/7.
“Ethnic communities have been overlooked in the online and retail space. We believe the opportunity to provide these fast-growing communities access to exciting and affordable groceries is tremendous,” said founder and CEO of Weee!