Solvento Audita streamlines payment processes for Mexican trucking entities, offering transparency through API integration and addressing tax regulations.
“In an era where financial empowerment can impact the success of companies and the livelihood of small business owners, we’re making sure the trucking community can take advantage,” says OTR CEO Fritz Owens.
Western Global Airlines could be on the verge of Chapter 11 bankruptcy.
California and federal officials are partnering to speed up future freight infrastructure investments, as well as reduce delays impacting cargo flows today.
U.K. haulier Eddie Stobart has deposed its CEO Alex Laffey over inflated operating profits and has suspended its stocks from trading in the market.
sennder has now raised nearly €100 million this year across two rounds of funding.
Zipline operates autonomous drones across remote areas that are hard to reach by road, airlifting medicines during emergencies.
Flowspace helps companies source on-demand warehousing space, allowing them to scale up rapidly and concentrate on gaining more customers, rather than stagnate with the burden of finding warehouses to stock products.
sennder has raised investment to expand its digital freight markeplace footprint across Europe.
Fast Radius, a leading manufacturing technology company, has announced its Series B financing round of $48 million led by UPS, with strong insider participation from Drive Capital.
India-based logistics startup Delhivery has secured $413 million in new funding with Japan’s SoftBank leading the round.
Kargo Technologies is an online freight logistics marketplace that connects commercial shippers with truckers across Indonesia.
Uber spends over $1 billion every year on Waymo; Lyft is nearing its IPO; Fiat recalling 863,000 cars due to emissions issues.
Trella is a Cairo-based startup that is looking to optimize truckers’ routes so they’re no longer driving empty by connecting them with shippers across Egypt.
Targa Resources Corp. (NYSE: TRGP) has agreed to sell a 45 percent stake of Targa Badlands LLC (Badlands), the entity which holds all of Targa’s assets in North Dakota, to investment funds owned by GSO Capital Partners and Blackstone Tactical Opportunities.
SIMBA Chain has raised $500,000 in a pre-seed financing round, according to PR Newswire. Backers of the round include Elevate Ventures, the Notre Dame Pit Road Fund, Tracy Graham (chief executive officer of Data Reality) and Hari Agarwal (chief executive officer of AECI International).
Zoovu solves issues that consumers face with massive inventory lists on ecommerce platforms, by asking relevant questions and displaying only the curated items that match the preferences of the consumer.
Amazon (NASDAQ: AMZN) joined with capital venture firm Sequoia and T. Rowe Price (NASDAQ: TROW) to invest $530 million in self-driving vehicle startup Aurora Innovation according to Aurora’s press release on Medium.
Technology Crossover Ventures (TCV) has made a $200 million minority investment in Finland-based RELEX Solutions (RELEX), a leading provider of retail planning solutions – including supply chains – according to a RELEX press release.
Chinese e-commerce newcomer Pinduoduo (NASDAQ: PDD) seeks to finance an operational expansion by raising $1 billion. The company’s filing with the SEC said that it plans to sell 37 million shares to raise necessary capital.
Autonomous truck technology has the potential to change the cost structure of the carrier industry. A McKinsey & Company report said that a fully autonomous trucking market would cut operating costs by 45 percent, saving carrier companies between $85 billion and $125 billion annually.
Predictive supply chain visibility platform FourKites has tripled its revenue since its Series B financing last year, and plans to expand its team, add features to its platform, and fund its zero deadhead initiative with the $50 million it has raised in the fresh round of investment this year.
Beijing-based startup Geek+ is a pioneer of AI-enabled logistics robots for warehouses, and is powering technological transformation of the logistics industry.
Loadsmart, a logistics technology company that uses data analytics to provide instant quotes and capacity, has raised its Series A financing led by Maersk Growth.
Shipwell, a freight shipping platform that makes shipping a seamless experience for SMEs, has raised $10 million in its Series A financing round, led by Fifth Wall VC.
