Stay Up to Date on Trucking, Supply Chain and Logistics Startups & More
The logistics industry is built on innovation, and startups have come to be a driving force behind that innovation. In the last few years, trucking, supply chain and logistics startups have emerged to disrupt the industry and drive it forward, especially in terms of digitization and automations. Check back here for the latest coverage and analysis of startups that are shaking up the industry.
Supply chain tech investment is at a record peak, with over $52B invested in 2020 alone, up 2500% since the start of the decade.
What do you do when you find yourself with $7 million? Maven Machines succeeded in raising that much money this year to invest in its cloud-based freight software, which includes […]
The market for reliable, complete data and forecasts about agricultural commodities markets is a large and growing opportunity.
SmartHop, an early-stage startup offering a dispatch solution for small carriers, on Tuesday announced its partnership with Redwood Logistics, a third-party logistics company. The companies will integrate Redwood’s API with […]
The partnership will give shippers access to smaller trucking operators.
The company pools multiple less-than-truckload shipments onto one truck.
Nikola Corp. founder Trevor Milton can sell his 92 million shares on Monday, creating a glut of stock that could drive the already volatile share price lower.
As it becomes necessary to take an increasing number of sources and types of data into account, the case for shifting away from simple spreadsheets and onto more sophisticated platforms will gain strength.
Hapag-Lloyd and ONE chief executives will lead the “unified voice of liner shipping.”
Full Truck Alliance is an investor in Plus, an autonomous trucking company rolling out a Level 3 truck in China starting in 2021.
A New York startup builds an AI model of the global supply chain.
LoadSmart and Uber Freight attract venture-style capital from traditional investors.
“We automate tasks that our users find tedious or frustrating so that they can focus on what’s interesting.”
BlackRock leads a Series C round in the digital freight company, with participation from TFI International and Maersk
Baton releases case study demonstrating efficiency gains as the last-mile startup builds out tech-enabled network of trailer drop yards and local drivers.
Clarendon Capital’s John Larkin talks SPAC with HCAC’s Dan Hennessy during FreightWaves’ FreightTech Venture Summit.
Hwy Haul connects farmers, distributors, wholesalers and retailers directly with truckers.
The once little-regarded special purpose acquisition company is all the rage on Wall Street as $56 billion in blank check companies seek reverse merger targets. A leader of two of those efforts cautions day traders to know what they are investing in.
The CEO and co-founder of cross-border digital freight marketplace Forager discusses the sometimes-tricky process of courting investors.
The freight business is both complicated and asset-heavy. To be successful, tech startups need to know the freight business, its pain points and its limitations.
Ryder is using its fleet and supply chain as a laboratory for new technologies from startup companies it supports.
FreightTech Venture Summit: Figuring out whether to go VC or “bootstrap” in an industry that is “serious” but with some tough issues to overcome
Shipwell CEO Greg Price explains during FreightTech Venture Summit the importance of winning over venture capitalists at the onset of presenting your idea.
“It’s well documented how big this market is and how ripe for disruption this market is,” says Rose Rocket CSO Justin Bailie.
Start small and simple, VC experts say.
Steve Case helped build AOL. Now, as CEO of Revolution LLC, he works to help other entrepreneurs fund and grow their businesses.
FreightWaves today announced FreightWaves for Startups, a new initiative aimed at helping startup companies grow into successful organizations.
Certain types of business models are more attractive to venture capitalists.
Big win for ballot measure but it has no provisions that impact trucking
Data Gumbo uses blockchain to automate transactions between buyers and sellers using a combination of data held by those parties and other third parties as verification.
ABEJA has developed proprietary tools to ensure that its AI Consulting engagements do not metastasize into endless ordeals.
Svitzer, Alvys, Blue Ridge, Duluth Seaway and Bureau Veritas announce appointments.
ZUUM brings shippers, brokers and carriers together to create synergy by resolving the fragmentation in technology adoption, data and capacity.
TruckX has introduced a ruggedized wired ELD setup, which reduces the operational difficulties that come with using a bluetooth ELD solution.
Fleetpal is built on VMRS, the universal coding system, allowing it to track and segment equipment failure and operating costs efficiently.
FlockFreight pools together LTL freight and ships it via shared truckloads in full truckload containers instead.
Denny Slagle retired as Volvo Group executive vice president and Mack Trucks president in 2018.
Cargomatic set off a prodigious chain of events after its launch in Los Angeles.
Hyliion Holdings Corp. CEO Thomas Healy draws distinctions between his company and embattled Nikola Hyliion begins public trading.
Automaker will take about a third of Piedmont’s output to build its own batteries
Former top exec at Fleematics is chairman, ex-CalAmp CEO Burdiek also in a top role
Augmented reality can help managers visualize warehouse operations better and train workers on a virtual 3D interface.
Nikola Corp.’s hunt for a partner to build hydrogen fueling stations for its electric trucks stalled because of a short seller report attacking founder Trevor Milton on the startup’s technology claims, the Wall Street Journal reported.
Sources close to the embattled fuel cell truck manufacturer are reporting that founder Trevor Milton has resigned as executive chairman of Nikola Motor (NASDAQ: NKLA) and has departed the company […]
Better safety systems and driver environment monitoring can help fleets reduce the number of truck-related accidents.
At the American Shipper Global Trade Tech summit Wednesday, Cambridge Capital partners discussed what they look for in an investment.
After creating about 50 millionaires on paper a couple of weeks earlier, Nikola founder Trevor Milton gives another million shares of his personal holdings to 350 employees.
Tech startup Haul connects fleets with on-demand drivers to operate their trucks.
ShipChain’s public mainnet integrates the trust of public blockchains with the scalability and throughput needed by enterprise supply chains, according to CEO John Monarch.
TIRPORT’s marketplace allows companies to manage, report and track loads during their truck hauls.
Massachusetts-based XYZ Robotics says its robots can pick anything and place it anywhere.
NEXT Trucking, Fuel Ox, Bendix and Southeastern Freight make strategic employee moves.
FreightWaves’ Kevin Hill interviews co-founders of Baton about their technology plans to eliminate long-haul truck driver dwell times.
Digital logistics platform Zuum Transportation closes $8.58 million seed funding round to streamline and automate freight.
Risk management firm uses artificial intelligence to visualize problems and get ahead of them before disruptions occur.
Safety Hub uses telematics data and AI insights from dashcams to enhance driver safety.
Craig Fuller, founder and CEO of FreightWaves, has been honored by Ernst & Young. Learn more about the honor.
PowerFleet is working with the French Red Cross to track and manage shipment that carries healthcare equipment and supplies.
Tracxn names FreightWaves as one of “Emerging Startups of Data as a Service.”
Supply chain companies of all kinds have been targets for VC money in 2020. Learn why in this article.
High Definition Vehicle Insurance (HDVI) brings software solutions to an industry that has been slow to join the telematics revolution.
Bulgaria-based Transmetrics is helping its supply chain customers by using augmented intelligence. Learn more!
Haultail democratizes visibility across last-mile networks, providing customers end-to-end transparency irrespective of the load in transit.
Freight segment’s EBITDA improved slightly but still in the red
Brazilian startup aims to provide tools for freight forwarders to create and maintain partnerships.
Brian Aoaeh continues his commentary series on artificial intelligence and how it is changing supply chains.
Brian Aoaeh continues a series of commentaries on technology-driven innovations in supply chains, logistics and trucking.
TuSimple may be the country’s largest self-driving truck company, but according to a Wednesday report in the Information, the company is struggling financially.
Unisot has created a blockchain-based platform that helps bring end-to-end transparency in seafood supply chains.
Roger provides digital tools for bulk freight shippers and carriers that reduce paperwork, and accelerate payment and real-time shipment status.
SmartHop, a Florida tech startup that aims to support small trucking businesses, on Tuesday announced that it has closed a $4.5 million seed round.
Transship partners with Loadsure to deliver pay-as-you-go, wraparound insurance coverage for all perishable goods.
OptimoRoute is a route planning and schedule optimization platform that helps companies organize their mobile workforce and optimize delivery routes.
Brian Aoaeh writes about new technologies that will transform supply chains and logistics in the near-term.
A digest evaluates the keynote addresses from the virtual event.
Grocery delivery startup Dumpling claims to offer a more equitable shopping model by turning grocery shoppers from gig economy workers into small business owners.
Amazon’s investment in electric truck maker Rivian accelerates e-commerce giant’s path to zero-emissions logistics dominance, while altering the balance of power in the electric vehicle marketplace.
“The days of Tesla’s virtually unchallenged dominance may be numbered.”
Outrider focuses on autonomous zero-emissions yard operations for logistics hubs.
Optimal Dynamics seeks to automatically optimize trucking flight operations. Brian Aoaeh profiles the company and interviewed its founder and CEO.
Deal comes at the backdrop of food delivery company GrubHub’s $7.3 billion acquisition last month by Just Eat Takeaway.
Amazon is looking to buy Zoox, a self-driving startup that seeks to create a fleet of electrified robo-taxis.
Librestream uses augmented technology to help workers rapidly diagnose, inspect and troubleshoot assets.
The award recognizes autonomous trucking company Plus.ai for its industry partnerships and technology leadership in self-driving trucks.
Dan Crain profiles the important Newark, New Jersey logistics hub, as well as some of the logistics startups in the area.
Chinese warehousing robotics startup Geek+ is the most funded startup in the world in its segment.
Nikola Corp. founder and Executive Ehairman Trevor Milton says he is justified in threatening on Twitter to sue a reporter he accuses of lying about the startup electric truck maker to drive down its high-flying stock price.
CEO of on-demand driver platform talks about changing the face of trucking entrepreneurship
GoFor Industries closes on C$9.8 million seed round as it aims to expand its on-demand delivery platform for construction industry into more North American cities.
BackboneAI relies on real-time data synchronization to empower vendors to optimize their product flow to customers.
An investor talks about overcoming pattern recognition bias in venture capital
Beacon is a UK-based digital freight forwarder – one of many that have vowed to disrupt the freight forwarding industry.
The investment round was led by OGCI Climate Investments, a $1 billion+ fund that invests in solutions to decarbonize commercial transport.
Startup raises $11M in Series A round
Trevor Milton takes a $1 annual salary as CEO of newly public Nikola Corp., but his net worth on paper is approaching deca-billionaire status based on his 35% share of the battery electric and fuel cell truck startup’s shares.
Surging shares in electric Class 8 truck maker Nikola Corp. could help show the way for other high-tech transportation companies this year.
Berlin- and Paris-based startups are merging to become one of the largest digital trucking freight forwarding platforms in Europe.
Locus Robotics now has raised more than $100 million.
Digital freight forwarding startup Beacon raises $15 million in Series A investment.
Battery electric and fuel cell startup Nikola Corp., which surprised the trucking industry by having a “blank check company” back its bid to go public, expects its shares to begin trading under its own name on the NASDAQ later this week.
