Greenbriar Equity

The current roster of FreightTech unicorns is made up of established companies run by veterans and backed by smart money.

In today’s edition of The Daily Dash, tightness in the reefer market could drive up the price of COVID vaccine distribution. Plus, a charity group is helping truckers in need this year, and investment firms are buying into digital freight brokerage.

Valuations are high and going higher heading into 2021, experts say at Armstrong conference.

Private equity has become the major player in financing the growth of transportation and logistics companies, and venture capital inflows have also accelerated dramatically.

Greenbriar Equity invests an undisclosed amount in Spireon, becoming its primary investor in the process. Spireon believes this partnership would help it with operational flexibility and in expanding its network across different verticals in the transportation sector.

Two separate deals kicked off this week’s big transportation news as Greenbriar Equity Group has acquired Transplace and Descartes said it was acquiring MacroPoint.