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.
A new petition is seeking White House help to get two bills that would exempt most small trucking companies and owner-operators exempted from the ELD requirement reintroduced to Congress.
Convoy is now matching 100 percent of loads automatically in major markets, effectively eliminating the need for any person to call or communicate between the shipper and carrier.
Ruckit specializes in trucking management software for the heavy construction and materials marketplace and brings transparency by networking the TMS systems of the stakeholders involved in a hauling process.
With the growing complexity of supply chains, the technology advantage that managed transportation providers can provide becomes a key value-add for many shippers.
Workhound bridges the gap between fleets and drivers by actually listening to what drivers want and translating that into real-time actionable insights for fleets to help them reduce turnover.
Ryder System, Inc. (R: NYSE) presented its Service Excellence Awards to top-performing carriers at its ninth annual Mexican Carrier Recognition Event in Mexico City on January 17. The event – reported in a press release by Ryder on January 29 – recognized 20 Mexican carriers for their excellence in service in Ryder’s international supply chain.
Small, yet powerful satellites can now be deployed for just a fraction of the cost of more traditional satellites, potentially changing the way logistics companies access location and other data for assets.
Phil Connors, played by Bill Murray, is stuck in the same day, played out over and over again, in the film Groundhog Day. He repeats each day until he gets it right. In the real world, we don’t get the chance at a “do-over,” but delivery operations present an opportunity to do very nearly that.
JUSDA, a supply chain platform that spun off Foxconn Technology Group, has raised $356 million in its Series A round.
Uber Freight is giving drivers the opportunity to rate shipper facilities. The information can be used by both shippers to improve conditions and drivers, who will see the details of a facility before accepting a load.
Many feel as though electric trucks will continue to take a backseat for private transportation fleets and for-hire carriers.
Inxeption has designed the first blockchain-based e-commerce platform for B2B that catalogs and digitizes product information.
Though semi autonomous trucks would be a reality in a decade, IRU believes that it would not displace drivers from the trucking ecosystem but would only make their jobs more sophisticated.
KeepTruckin recently nabbed the talents of Jairam Ranganathan, formerly Uber’s senior director of product.
Bringg is a delivery logistics startup that integrates with logistics players and also with brands, bringing them together on an open platform where they can leverage the network and serve their customers optimally.
As of December 16, 2019, anyone running an AOBRD must switch to an ELD. There are steps that can be taken now to ensure the changeover will be painless.
FreightWaves is monitoring a number of trends that will impact the freight market in 2019. Digitization will play a key role in these trends as companies seek to optimize their supply chain processes.
Port truck operators could potentially increase their wages by using a new service from NEXT that helps them run shorter runs and return to ports with empty containers. The company just secured $97 million in funding to help it expand.
Sponsored by Redwood LogisticsWhile Redwood has moved freight in and out of the Southeast for quite some time, this acquisition provides the company with strong operational presence in the region. This geographical expansion is a key component of Redwood’s overall acquisition strategy.
Blockchain based supply chain startup Citizens Reserve has partnered with IoT platform Smartrac to assign physical items a digital identity that can be carefully and accurately traced along the supply chain.
Lattice materials can be used to manufacture stronger yet lighter objects through the technique of additive manufacturing. A good place to start would be the automobile industry, which could do well with reducing its dead weight for improved fuel efficiency.
The connected Smart Cities of the future require smart solutions that go beyond just autonomous vehicles.
The advent of modern communications technology such as, obviously, the mobile phone, has created a new, yet poorly understood and under-researched, form of driver distraction. Australian road authorities are calling for research and are updating their road rules.
A growing number of factories, warehouses, and construction sites are integrating unpowered exoskeleton devices into their operations. Workers and companies using these devices are expected to benefit from increased safety and productivity.
In the midst of the driver shortage and a growing economy, technology can be invaluable to brokers at third-party logistics providers working to secure reliable capacity for their customers.
How close are human drivers to interacting with autonomous vehicles on the roads? That is the answer a panel at the North American International Auto Show in Detroit tried to solve on Wednesday.
After hosting two game-changing events in 2018, FreightWaves plans to shake up the conference circuit again this spring with Transparency19.
Vector is digitizing the trucking sector by extracting information that is offline and moving it online.
Walking the show floor at the Detroit Auto Show is an experience that transforms you from the here and now to visions of the future.
Autobon AI is building an aftermarket autonomous vehicle system that would allow any commercial truck to be turned into an autonomous truck.
Manufacturing supply chains must deal with counterfeit parts. One company is hoping that its blockchain-based tracking solution can help solve that while also providing transparency in the freight supply chain.
Toyota’s Concept-i Ride vehicle is designed to help people navigate life, especially those that may have mobility issues.
The SureFly is just one of the products that Workhorse is working on. Additional projects include electric delivery vans and electric pickups.
The Volvo XC40 is part of a subscription-based car service the company offers, hoping to attract new customers not interested in a long-term lease or purchase option.
Delivery robots, shifting supply chains due to trade wars, and automation slowing productivity in ports
Storing real-time data from aircraft and sea vessels on the cloud has been subject to a lot of debate, as the data that gets transmitted could be hacked in by people with nefarious motives. Blockchain could be a respite.
Transflo used its slot during the MarketWaves 18 Demo Day to showcase how its app’s new user interface, along with the broader Transflo ecosystem can be used effectively to reduce time during the lifecycle of a load.
Wise Systems is building a fully automated system that allows teams to manage their entire fleet through cloud-based machine learning and provides dispatch routing that lets businesses plan, manage, and coordinate all aspects of deliveries with complete visibility.
Shipwell is a startup that turns “the imperfect into the perfect,” stated company co-founder and president Jason Traff while presenting on the MarketWaves18 demo stage.
Logistics startup Opus9 provides automated and digital transportation services for small and medium companies to ship truckload and LTL nationwide.
Logistics startup SmartHop helps automate route planning and provides real-time dispatch advice for truckers, while also assisting shippers in sourcing capacity for their loads.
Gary Vaynerchuk, the chairman of VaynerMedia, is set to deliver the keynote address at Transparency19 conference in May next year.
Fatigue is a big driver-safety issue. SmartCap is wearable technology that helps drivers to monitor and manage their fatigue levels.
Transfix is reportedly trying to raise a Series D that values the company at 10x gross revenues.
Intelage, a Seattle-based startup working on simplifying global commodities trade, has raised $2.3 million in seed round financing to help it ease bottlenecks that exist in the commodities market.
From driver health concerns to snow build-up on equipment, braving the winter months often requires carriers to plan in advance. Spireon hosted a webinar in collaboration with FreightWaves earlier this week to offer carriers tips on how to best prepare their drivers and their fleets for winter weather.
FreightWaves announced the Freight.Tech 25 at MarketWaves 18 last month. The list highlights the most innovative and disruptive companies in transportation and logistics. Digital freight broker Loadsmart snagged the number 22 spot on the list with its automated platform, which allows for server-to-server booking with no human interaction.
Vector helps streamline trucking operations by digitizing paperwork and assists carriers and shippers in expediting workflow communication.
In partnership with Slync… Slync CEO Chris Kirchner was in Tokyo this week to meet press, speak with startups and participate in customer discussions at the SAP.iO Foundry—Tokyo ecosystem engagement event.
Russel Jones, CEO of Cargo Chief, demonstrates C4 platform at MarketWaves 18: automated load-matching technology that levels the playing field among freight brokerages.
Uber and Lyft are battling on who would go public first; oil production sees a dip in November; Amazon Go to venture into airport retail.
German OEM major MAN Truck & Bus is investing heavily in clean mobility, and is now collaborating with the CNL consortium for testing 26-tonne electric trucks.
Investors are pumping millions into on-demand transit startups working in taxi-hailing and e-scooter sharing, but questions still remain if they can turn in positive bottom lines in the years to come.
Merge Transit is a spot market agency that helps owner-operators and small fleets reduce inefficiencies in their business, and looks to automate the process of dispatching.
KeepTruckin continues to expand its leadership team as it works to build out new solutions for drivers, taking advantage of the data now available to it.
Mercitalia, Italy’s largest freight railway company has unveiled ETR 500, a high-speed cargo train that connects Bologna with Naples. Authorities state that this would negate 9,000 truck trips annually, cutting nearly 80% of carbon emissions associated with carrying an equivalent load on road.
We spoke to Uber Freight Product Manager Stefan Sohlstrom and Convoy’s Chief Product Officer, Ziad Ismail, about last week’s releases and what increased transparency means for the brokerage industry.
Tunnel boring in the U.S. is extremely expensive due to the high labor costs and the inefficiency in boring technology. Elon Musk’s The Boring Company is looking to solve this by bettering boring machinery and envisioning a futuristic underground transit. However, questions on its feasibility still prevail.
Full digital automation of shipping processes may be on the way, but what are the intermediary steps leading us there?
Beijing-based startup Geek+ is a pioneer of AI-enabled logistics robots for warehouses, and is powering technological transformation of the logistics industry.
Same-day shipping has been made popular by the likes of Amazon, but small-time retailers find it hard to keep pace. California-based startup Shipsi is changing that by assisting shippers to plug into last-mile delivery options and helping them provide the elusive same-day shipping experience.
In spite of the prediction challenges everyone faces, what does Doug Waggoner foresee coming down the transportation pipe in 2019?
Coming in at No. 9 on the Freight.Tech 25 list is C.H. Robinson (NASDAQ: CHRW), one of the tried-and-true providers in the freight space. Robinson’s Navisphere technology platform is part of the company’s commitment to providing solutions to its customers and carrier partners.
We interview project44’s new CFO, CTO and CMO as the visibility solution provider, fresh off a capital raise, prepares to scale rapidly.
A driver incentive program, which not only prompts drivers to make smarter and safer driving decisions, but also promotes driver happiness, is one way to increase driver retention.
Rally, is a startup working on creating an on-demand mobility service by helping communities look at bus ride-sharing as a way to get to concerts, festivals, and sporting events.
Being one of the world’s fastest-growing predictive supply chain platform and delivering real-time visibility and analytics to a wide range of Fortune 500 companies and 3PLs, has helped FourKites take the #7 spot in the Freight.Tech 25.
The second FreightWaves book, Freight Revolution: the supply chain will never be the same, sponsored by Uber Freight, is now available for download.
The conference attracted over 2,000 industry players and largely revolved around the topics of Asian connectivity, the impact of trade tariffs, and technologies that are revolutionizing the logistics industry.
Penske Truck Leasing and UST Global combined on an accelerated IT training program that has seen 18 graduates move into jobs in Penske’s IT department.
Ambrosus enables consumers and supply chain stakeholders to have better trust over the products they receive or consume, by using sensors that communicate to the blockchain.
E-scooter startup Lime is having problems with vehicles catching fire – a problem it attributes to the batteries produced by Ninebot. It also is hearing complaints of bikes breaking down, which it figures is a design flaw of all Okai-manufactured vehicles, leading to a mass recalls on the said bikes.
Emerge, a startup providing Private Freight Marketplace (PFM) and TMS, and striving to increase visibility into freight supply chains, has raised $20 million in a seed round led by Greycroft Partners.
Omnitracs would be leveraging Rubrik’s APIs to accelerate its journey towards digital transformation, with a reported 90% saving in time spent working on legacy solutions.
If you are a small fleet or an owner-operator, discounted products are often just a dream. J.B. Hunt is looking to change that.
Representing some of the most dynamic and disruptive technologies in the market today, demos from Shipwell, J.B. Hunt, Redwood Logistics, and Platform Science took top honors as they were voted Best in Show by MarketWaves18 attendees.
CargoX Smart B/L platform would be the first open and neutral blockchain platform in the shipping industry for real-world commercial use.
The webinar is planned for 2 p.m. EST or 11 a.m. PST on Thursday, Nov. 15.
XPO Logistics is rolling out four new LTL optimization technologies and has announced a fast-track and free process for military members and veterans to receive their CDL.
Virgin Hyperloop One has a new CEO and chairman in the space of a week, with it now looking forward to commercialize and implement the world’s first hyperloop system in India.
ZED Connect has announced that it is discontinuing its ZED-ELD product and offering current customers an opportunity to transition to the EZ-ELD from Stoneridge.
Since the launch of Ford Smart Mobility, Ford has been intent on gaining ground in alternate mobility with e-biking being an important segment. Apart from acquiring Spin, the company has also bought GoBike and has launched an e-bike service ‘Jelly’, across the Purdue University campus.
The FreightWaves Research Institute will announce the winners of the Freight.Tech 25 next week at the MarketWaves18 conference at the Gaylord Texan Resort & Convention Center in Grapevine, Texas.
Computer vision startup Netradyne has recorded 100 million hours of driving data which would be analyzed by its AI deep learning tool to help drivers improve driving behavior and avoid incidents on the road.
In partnership with Slync… It has become clear that the market increasingly views digitization as one of the most important means of creating value and improving the financial fundamentals of companies operating in the supply chain.
KeepTruckin has further expanded the utility of its fleet management platform with a new App Marketplace for customers to access solutions that easily integrate with KeepTruckin’s current platforms.
McKinsey, Goldman Sachs, Stifel Nicolaus, and Susquehanna are all in agreement that technology and data are critical for driving productivity in transportation and logistics companies. We survey recent research by the firms.
Majority of the U.S. shale oil producers are showing negative cash flow in 2018; Subaru is recalling 400,000 cars due to faulty engine part; U.S. factory orders increase more than expected in September.
Deliverr is helping businesses ship products on ecommerce platforms with an Amazon-like fulfillment service.
Optimal Dynamics uses AI and machine learning to assist fleets in finding loads a few days into the future, which would help carriers get ahead of their competition, as they could plan their network flow further in advance than usual.
Uber Inc. has introduced ‘Clean Air Plan’ – a strategy that helps reduce air pollution in London by replacing Uber cars that run on gas with all-electric variants by 2025.
Richard Branson, founder of the Virgin Group, as stepped down from being chairman of Virgin Hyperloop One, stating that the company needs a more “hands-on chair” to invest in its growth.
XPO Logistics was named to the Fortune Future 50 list of U.S. public companies while KeepTruckin and Transfix were both honored by Forbes as two companies likely to achieve unicorn status.
Uber Inc. has introduced Powerloop, an affiliate company to Uber Freight, which would rent out power-only trailers to carriers looking to grow their business and thereby ease the industry’s capacity crunch.
The FreightWaves Research Institute has announced the list of 55 voters who will be choosing the inaugural winners of the Freight.Tech 25 awards, and it’s who’s who of freight leaders.
Though blockchain is a technology with immense potential, there needs to be some commercial incentive for food supply chains to adopt it in its mainstream processes – the absence of which might let the technology remain constrained to pilot programs.
VAYAVISION, an Israeli startup that works on providing raw data fusion and perception systems for autonomous vehicles has raised $8 million in seed financing, which it plans to invest in its productization process.
From on-demand trucking to blockchain, loadboards and freight matching, the list of companies bringing innovative technologies to the freight industry is growing by the day, which makes the 100 that have made the cut to be honored by the FreightWaves Research Institute as part of its inaugural Freight.Tech 100 all the more special.
As e-bike sharing startups flush cities with bikes for rent at dirt cheap prices, city administrations need to take a look in and understand the impact an unregulated e-biking scene could have on its roads.
