Outpost releases new technology, combining both hardware and software, to improve commercial truck parking availability and security, as truck parking continues to be a significant problem in the U.S.
Northbound looks to expand its product development after raising $1.4 million in funds.
Samsara preps for its community event Beyond to teach leaders how to leverage data to gain insight on their operations and foster success.
Ship Angel announced its recent raise and new products at Plug and Play’s Silicon Valley Summit.
Stubbornly persistent silos in the supply chain wreak havoc. The most glaring disconnect shows between strategic supply chain planning and execution.
The $284 billion automotive logistics market needs technologies that enhance supply chain visibility, experts say.
This week, Gartner wags a finger at project44’s path to profitability, Flowspace customers see promise in AI and the Digital Container Shipping Association gets a new member.
This week we explore Motive’s first user conference, a Latin American FreighTech company looking to expand into the U.S. and Banyan Technology expanding beyond LTL solutions.
The company last announced its Series C raise in 2022, led by SoftBank Vision Fund 2 for $115 million, valuing the company at $575 million. Platform Science has raised $309 million since 2017.
Here are four innovative companies FreightWaves was introduced to at the Mid-America Trucking Show in Louisville, Kentucky.
John Stauffer, co-founder and COO of Isometric Technologies, explains how data can provide a competitive advantage — if handled correctly.
Implementing FreightTech solutions requires understanding business needs, selecting partners that support users, capturing internal data and ensuring scalability.
FreightWaves SONAR announces a new iteration to its Lane Scores feature.
AT&T’s widespread outages are causing connectivity disruptions for major transportation tech providers. Here are some platforms experiencing issues and how it impacts the industry.
FreightWaves SONAR and Trucker Tools have added real-time flatbed rates into the Trucker Tools Smart Load Board.
Bestpass and Geotab are collaborating to provide mutual customers greater insights into toll violations and costs.
With FreightWaves SONAR data integrated and available within the transportation planning features of e2open’s TMS, shippers will be able to reference the most up-to-date rate data in the industry as they make short-term and long-term planning decisions.
Visibility providers project44 and FourKites take their defamation fight to the Illinois Supreme Court.
Flexport CEO Ryan Petersen on Friday announced the company has raised $260 million from shareholder and e-commerce provider Shopify.
The move included the departure of a key executive, Glenn Koepke, vice president of strategy.
FourKites’ president is no longer with the company. He joined in April. The visibility platform announced other new leaders on Wednesday.
DSI Assignments, which is overseeing the auction, is seeking a buyer for all of Slync’s platform assets.
FreightWaves is hosting its biggest event yet, F3: Future of Freight Festival, Nov. 7-9, packed with world-renowned speakers, educational sessions, music and more.
Convoy Inc. has found a buyer for its tech stack, which would include the digital freight company’s driver app and automated freight matching and pricing engines.
Not everyone will agree with the results of project44’s on-time parcel-delivery performance survey, the survey’s leader says.
Issues in the yard can threaten tight delivery windows just as much as issues on the road. Every inefficiency in the supply chain creates a domino effect, but so does every improvement.
Tive’s technology advancements allow customers to see blind spots in air and ocean cargo.
Vizion’s solution allows users to receive tracking updates for all containers across both ocean and rail without a letter of authorization.
Demand for global supply chain visibility tools is forecast to hit $39B by 2028.
Descartes MacroPoint’s ocean visibility product brings data together in an accessible way that previously was not possible, providing transparency into data and locations during the whole ocean shipping process.
“Investors have shifted from a growth-at-all-costs mindset to focus on the path to profitability and scalable growth. No startup, not even the rocket ships of logistics technology, will be immune to these trends,” says project44 founder and CEO Jett McCandless.
The outsourced logistics arm of FedEx is opening up the way it shares data on electronic bookings for air cargo with a major customer.
“The Premier Partner Program expands our carrier family to include an even higher level of qualification of carriers that can meet the needs of participating shippers,” said president George Abernathy.
Trimble’s U.S. strengths have been combined with Transporeon’s overseas presence through a $1.98 billion acquisition.
Echo Global Logistics has held true to the same goal since its inception almost 20 years ago: Make transportation management simpler.
“Real-time visibility and responsive risk management gives Overhaul a distinct advantage among supply chain SaaS providers,” said Ryan Ziegler, general partner at lead investor Edison Partners.
Supply chain software provider Descartes announced Tuesday the acquisition of final-mile tech platform GroundCloud.
Convoy is looking to improve the contracted freight market for small carriers and shippers with forever-evolving freight needs.
Companies in need of supply chain visibility can now leverage FourKites data through their existing internal platforms.
“Terminal49’s automation has saved us thousands of dollars a year, but more importantly it’s helped improve customer trust,” said Trade XCelerators’ Spencer Strader.
Supply chain visibility leaders provide insight on their decisions in 2022 and what’s in store for the FreightTech segment in 2023.
Isometric Technologies offers the supply chain’s first logistics performance intelligence platform that ensures the reliability of third-party performance data.
In partnership with Parade, McLeod Software’s digital freight matching API equips brokers with best-in-class capacity management.
Echo Global Logistics’ contractual sourcing and continuous movement programs are helping owner-operators stay the course amid market volatility.
Appearing on Fuller Speed Ahead in, Venture 53’s Pat Martin says the supply chain is the most fragmented industry today and that we need AI to solve problems, not automation to replace workers.
“Whether a company is big or small, they all need to provide visibility to their customers. … If a company can’t provide delivery dates, process inventory efficiency and delivery on-time then the customers will go somewhere else,” said project44 founder and CEO Jett McCandless.
“Now, stone yards across the country can get on our site, find a load of stone, get the shipping cost and book a truck in a matter of minutes,” said StoneLoads CEO Patrick Wells.
As digital freight technology becomes more mainstream, carriers aren’t quite ready to lose the human element entirely.
The blockchain-enabled global platform TradeLens will go offline by the end of the first quarter of 2023.
“The procurement of industrial products and spare parts is at a critical crossroads as the global supply chain is faced with unprecedented headwinds,” said Chris Lawrence, managing partner at Labyrinth Capital Partners.
Don’t miss out on what Mexico has to offer. Go with the leading cross-border 3PL.
Brokerages can go digital without losing the human element that makes them unique.
Powerfleet takes the high cost and complexity out of data integrations.
Warehouses are turning loss to profits with CartonCloud’s WMS.
Supply chain startup Altana Technologies has completed a $100 million Series B raise.
“There is a lot of innovation coming out of these new therapies, and our customers were afraid they had created the best medicine in the world but could not deliver it,” said Tive’s Alex Guillen.
“Movement is the future. It’s multidimensional, where each facet presents a unique perspective tailored to the user’s requirements,” says project44 CEO Jett McCandless.
Algorithm-driven insights help fleets strategize their operations better when faced with rapidly changing weather conditions.
“Not only do we collect more data than other freight providers, we go one step further by distilling that data into interactive dashboards that surface anomalies shippers can act on to save time and money,” says Convoy’s Dorothy Li.
In a Q&A with FreightWaves, Shifl CEO Shabsie Levy says of current general rate increase global shipping practices: “It essentially incentivizes chaos and disruption but yet doesn’t play in anyone’s favor.”
IMC Companies says its SmartStacks app increases driver productivity and eliminates unnecessary container lifts.
The Georgia Ports Authority says the Navis system “eliminates data silos, improves velocity across our terminals and enables us to more easily integrate with our customers to provide the data and insights they need.”
Supply chain visibility company FourKites has introduced a big upgrade to its end-to-end platform.
According to an email sent by FourKites founder and CEO Mathew Elenjickal and acquired by FreightWaves, the board of the Chicago-based company has requested a full “product portfolio review to align with market realities.”
With Parade and Tai Software, Concept Logistics is well armed to face the ever-changing freight landscape.
“Most customers are trying to decrease their costs per load when it comes to visibility tools of cold chain and perishable shipments. Tive Tag delivers exactly what they need at drastically lower costs,” said Tive’s vice president of global marketing.
Just as shippers and carriers vary in size and complexity, so too should the technology that automates their processes.
FedEx and FourKites are going global with a partnership that will launch a new supply chain intelligence platform, FourKites X.
“Shifex has tremendous insight and we hope to inspire other freight forwarders to come out, be transparent about pricing and move this industry forward,” said Shifl founder and CEO Shabsie Levy.
“The cost of trucking is dramatically going down and we’re hitting a recession that is not going to get any better. It’s surprising how many shippers are running annual bids when they should be running three-month bid cycles on almost all of their lanes,” said Emerge founder and CEO Andrew Leto.
“One of the more challenging aspects of any tech startup is to strategically coordinate the scale of the organization. Working closely with Microsoft will help ensure we are utilizing best practices to develop rapidly without incurring technical debt,” says FetchGoat’s CTO.
Through digital quoting, Parade makes it easy to see if reps are taking advantage of every quote and improving margins.
Jay Gustafson of Echo Global Logistics discusses the traits that determine if a broker’s technology can support the growth of an enterprise fleet in any market.
Parade’s leading software learns from every carrier interaction received to better match brokers with the right carriers.
The accelerator firm’s Supply Chain Innovation Platform connects Fortune 500 companies with FreightTech startups for continuous logistics innovation and efficiency.
“We are experiencing rapid growth across different customer segments and verticals, and more and more companies from non-trucking industries are asking to use our products. We believe that as we are entering our next phase of growth, the time is right to implement this change,” said Motive CEO Shoaib Makani.
“We have a huge opportunity to let the world know that a tracking solution like this exists. We are going to take this funding and make sure that happens,” said Tive founder and CEO Krenar Komoni.
TruckPager is promising a freight booking future without phone calls. Instead, brokers and shippers can reach the nearest empty trucks with a single notification.
Wiliot’s Steve Statler breaks down the company’s V2 pixel and Universal Automation Platform for Modern Shipper.
The supply chain “can have a huge impact on improving the state of the world,” says
project44 COO Vivek Kundra.
“With TriumphPay handling payments for all stakeholders at each stage of the post-load payment journey in a secure and transparent fashion, carriers, brokers, factors and shippers will have more time to focus on other important business decisions,” said Melissa Forman, senior vice president and chief strategy officer at TriumphPay.
The French company says it has a better solution for North American visibility users. Others say it lacks the clout to get it done.
Supply chain visibility leader project44 made a trio of announcements Wednesday, including an expansion and a new offering.
“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.
Parsyl closes on $25 million series B while currently monitoring vaccine shipments for 200 million people across 80 countries.
No. 7 on FreightWaves’ 2022 FreightTech 25 is landing $935 million in a series E round led by Andreessen Horowitz and MSD Partners.
“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.
In a move that will triple its European carrier base, FourKites is building the continent’s largest multimodal carrier network.
In this edition, Fontinalis partner Chris Stallman describes his life-long passion for finance and his favorite 2022 FreightTech themes.
The Project Evolve initiative may take UPS’ visibility tools further than they’ve ever gone before.
TPG, Thoma Bravo and Goldman Sachs led a $240 million investment round for the Chicago-based real-time visibility provider.
Supply chain visibility provider project44 sees record top-line growth during the fourth quarter, with bookings, account wins and retention coming in better than expected.
Ever-tightening capacity may continue to snare domestic and cross-border shippers that haven’t planned accordingly. That’s where partnering with the leading 3PL for cross-border freight is needed.
From relay networks to industry unicorns, FreightWaves looks at technology trends that will continue to transform supply chains into the new year.
While the Port of Long Beach is still dealing with a lineup of container ships waiting to berth, it is looking ahead to providing more cargo visibility.
Ryder and Blume Global demo their Rydershare and ConnectGo Live freight technologies during FreightWaves’ Domestic Supply Chain Summit.
“Technology companies are starting to come to TruckerCloud as their ELD aggregator,” says TruckerCloud’s new CEO, Spencer Mitchell.
The sight of an armada of ships off the California coast garners much attention, but shippers should instead focus inland to digitize their driver networks.
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.
