Roper Technologies, Inc. (NYSE:ROP) reported diluted earnings per share (EPS) of $3.30 in the first quarter of 2019, up from $2.61 in the same quarter last year.
Nick Brown, head of marine at classification society Lloyd’s Register, is at the front lines of ocean shipping’s technological evolution. He explains how he sees this transformation playing out.
Waymo is setting up the world’s first production facility in Detroit that manufactures Level 4 autonomous vehicles.
In his first FreightWaves article, market expert Brian Aoaeh writes about logistics network optimization. He explains how new technology, venture capital money and changing market conditions have converged to open up new opportunities across the global supply chain.
Elon Musk has stated that Tesla would be launching fully autonomous cars by the end of this year, and that he expects to see one million autonomous Tesla cars on the road by 2020.
Verizon Communications Inc. (NYSE, Nasdaq: VZ) reported first quarter earnings per share (EPS) of $1.22 compared with $1.11 in the first quarter of 2018, and an adjusted EPS of $1.20 compared to $1.17 last year, defying analyst expectations.
The trucking technology provider will use the funds to ramp up hiring, hardware investments, new partnerships and advancements in machine learning.
The funds will be used to scale its warehouse robotics system, as well as expand sales and marketing in North America and internationally.
Fleets are rapidly deploying video solutions, finally convinced of their benefits, and Trimble is one of the companies benefiting from this.
Nikola Motor Company founder & CEO Trevor Milton admits that he is smart enough to know that there are smarter people than him in the world, and he wanted to leverage that expertise when building his new truck. Enter the industry’s top suppliers.
Feds have exempted Wing Aviation from a block of regulations clearing way for an operating permit.
Coretex supplies fleet management solutions. Known for its refrigerated trailing monitoring capabilities, the company has recently expanded more into the cab with a new ELD and other services.
D.C. to Baltimore in 15 minutes could help advance hyperloop technology for cargo.
Utilities aim to meet ambitious goals of reducing emissions across western U.S., but technology and financing remain big hurdles.
Datapace is the latest company to join the Blockchain in Transport Alliance (BiTA). Learn more about Datapace and BiTA in this article.
In partnership with Reliance Partners …Distracted driving in the U.S. is a bigger cause for accidents than driving under the influence of alcohol or drugs. This could be prevented if fleets take responsibility and educate drivers on safe driving and also by remotely monitoring driving behavior.
Uber is planning to sell 14 percent stake on its autonomous driving division for $1 billion to investment firm Softbank, automaker Toyota, and auto parts manufacturer Denso.
The founding of Nikola Motor Company did not happen overnight; it actually dates back to a time when a six-year-old boy was bothering his railroad-working father and was sent to see a train engineer.
P44-Reliance and UPS-AscendTMS pursuing different customers but with similar objective.
STORD simplifies the distribution experience of shippers by networking with warehouses and carriers, and providing shippers with warehousing capacity and transportation based on their needs.
Air cargo market expert Jesse Cohen writes about the ongoing efforts to increase security in air cargo operations. Read about the latest measures and how they impact the movement of freight.
FleetZoo is a delivery and service optimization startup that is solving the last-mile problem by providing a solution that lets companies optimize and visualize all their delivery routes in a matter of minutes.
LA caught between straits of labor and capital; group looks for ocean freight’s Esperanto; and digital-first forwarder gets $20m funding.
Bolt System has introduced a new driver app that is designed to streamline paperwork processes and improve the overall driver experience.
Nikola Motors has the potential to disrupt the freight industry by building hydrogen fuel powered trucks and by setting up hydrogen fuel stations all across North America.
The total amount of investment during the first quarter – $1.6 billion – is more than half of the $2.9 billion in venture capital invested for the full year 2018.
Considering that Singapore has over 20,000 people per square mile, it may be prudent for the city-state to consider air taxis as an urban mobility option.
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.
After 20 years, Lytx has found itself evolving much in the same way that fleets and society at large have. Founded in 1998 as DriveCam, the company has transitioned into a data business providing insights unthinkable just a few years ago.
Des Moines Truck Brokers (DMTB) is the latest company to join the Blockchain in Transport Alliance (BiTA). Learn more about DMTB and why it joined BiTA.
Managing a truck’s lifecycle proper requires understanding thousands of data points. Fleet Advantage is trying to make that process easier with its ATLAAS Unified system.
With this acquistion, TeleSense will help drive the automation of the grain supply chain and expand its footprint across Europe.
Russia-based GPS hacking has led to 9,883 suspected incidents across 10 locations, including 1,311 civilian maritime vessel navigation systems since February 2016.
A recent article in Landline Magazine suggested that Truckstop.com’s new VC partner could merge the load board with Convoy or Uber Freight. This is unlikely to happen.
Providers are in the process of shutting down older 3G cellular networks, and that means the fleets running equipment on these networks could see disruptions.
Not long after its IPO, Lyft is removing electric bikes from the markets of New York City, Washington, D.C. and San Francisco after reports of problems with the vehicles’ brakes.
Another outbreak of salmonella poisoning has occurred – this one caused by tainted fruit. Read how blockchain could help deter and detect these outbreaks before they harm many.
Cocoa farming in Africa witnesses a lot of forced and child labor, which can be eliminated if the stakeholders within chocolate supply chains can have transparency on end-to-end operations.
WebCargo by Freightos has acquired India-based Air Freight Bazaar, with the intent of expanding its footstep in global air cargo digitalization.
Transfix is betting that its carriers care more about asset utilization than rate per mile.
Albertsons Companies is now part of the IBM Food Trust network, and plans to use blockchain in tracking its food produce from the farm to its store shelves.
In partnership with Reliance Partners …Data analytics and machine learning can help companies irrespective of the size of their data sets, as long as the data being captured is of good quality and is specific to the required operational needs.
The pending IPO comes as many experts are questioning the profitability of the ride-share model.
Amazon’s outsize presence in Seattle has yet to translate into a new wave of start-ups but that is expected to change as the tech giant’s relationship with the city enters a new phase and the region’s venture capital ecosystem matures.
Some benefits of blockchain that cut through the hype and change the game.
Inxeption introduces Zippy Freight, a new service that helps B2B merchants get shipping costs and complexity under control and obtain flexible logistics options.
FreightWaves has chosen Predata, the predictive analytics company for geopolitical risk, to integrate data with FreightWaves’ SONAR.
The technology company will focus on appointment-making, track-and-trace, and eliminating paperwork.
sennder has raised investment to expand its digital freight markeplace footprint across Europe.
Precision scheduled railroading (PSR) is the latest tactic railroads are using to improve their operations – and their images. Market voice Jim Blaze explores whether PSR is real or just marketing hype…
Truck Parking Europe displays more than 34,000 parking spaces across Europe, and has over a million downloads on its smartphone application.
Washington Auto Show policy discussion reveals states moving on electric and automated vehicles as feds struggle to keep up.
Geotab, one of the world’s largest suppliers of sensors for commercial vehicles, today announced that it has signed an agreement to acquire BSM Technologies.
Insurgent digital brokerage apps are increasing their share of downloads while load boards are largely stagnant.
Matilda is a smart transport hub that helps the elderly and the disabled people by providing real-time information on the schedules of their public transportation, mainly targeted at autonomous vehicles of the future.
With new backing from Microsoft, start-up readies for technical and geographic expansion of optimization services for shipping assets.
Sabrewing Aircraft Company has developed an unmanned vertical take-off and landing (VTOL) cargo aircraft that is now closer to being a commercial reality, with it getting an order for 10 aircraft from the Aleut Community of St. Paul Island (ACSPI).
A digital logistics startup that helps trucking companies automate workflow has raised $10 million in a Series A round led by Goldcrest Capital and 8VC.
Shipwell has introduced a digital loadboard for shippers and carriers, where shippers can bid on loads or instantly book shipments with a “book now” functionality.
The funding is expected to increase the use of electric cargo bikes to fulfil last-mile deliveries, which will help reduce congestion and pollution on the English streets.
Breakout List curates a list of startups that have a high possibility of success, thus making it easier for startup-inclined people to choose a company they would want to work in.
This year will see Volvo and Daimler put electric Class 8 trucks to test, as start-ups still have few commercially available models.
In partnership with Reliance Partners …Payment solutions have evolved over time, from being cash-based in the 1950s to now using data analytics and AI over data streams coming out of fuel cards, to provide better safety and security to fleets and drivers.
The momentum is strongest in developing countries, where concerns about pollution and traffic congestion are mounting.
Spanish logistics provider ChainGO Tech has joined the Blockchain in Transport Alliance. Read why the company joined the Alliance and what it hopes to achieve with its membership.
Walmart has introduced Voice Order, that allows people to add items to their Walmart online cart by giving voice commands through any Google Assistant enabled device.
The hack pulls back the curtain on “bug bounty” hunters, security researchers who troubleshoot software systems for money.
This morning Truckstop.com announced that ICONIQ Capital, a leading Silicon Valley growth equity firm, has made a majority investment in the online freight matching and load board solution.
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.
TheLorry connects thousands of shippers with truck, pickup truck and van owners across southeast Asia.
Roadrunner Freight has introduced a smartphone app that leverages technology to increase transparency and reduce downtimes for independent contractors.
The momentum is strongest in developing countries, where concerns about pollution and traffic congestion are mounting.
Many food chains in the U.S. are shutting stores down due to lack of diners. It is time they take remote consumers seriously and look to sell food via last-mile food delivery companies.
FreightWaves SONAR platform will be the basis of further collaboration between FreightWaves U and Georgia Tech.
In partnership with Redwood Logistics… we spoke to Michael Johnson, the architect of Strive Logistics’ LoadRunner matching and pricing engine.
A new survey of small fleets and owner-operators found they would like to utilize many of the same tools larger fleets do to control costs, including more technology like predictive maintenance.
Participants included Maersk Growth, the capital venture arm of the shipping giant Maersk, and Alstin Fund II from the Maschmeyer Group.
Having the right visibility into the supply chain not only requires having the right TMS system, but also the right design of your networks.
As food product recalls are becoming a frequent occurrence on account of contamination fears, the time is right for companies to look towards blockchain for creating better visibility into their supply chains and to reduce generic en masse recalls wherever possible.
Exceeding expectations, the ride-hailing start-up Lyft raised $2.3 billion on March 28, after pricing its shares at $72, the top of its pricing range.
German automobile and commercial vehicle technology supplier ZF Friedrichshafen plans to acquire rival Wabco for $7 billion, the companies announced Thursday.
The European Union (EU) is looking to introduce several mandatory safety features in new vehicles from 2022, which would include technology that limits speed and cautions drivers on hazardous road conditions in order to reduce accidents due to speeding.
Last-mile delivery companies have a new option for managing their businesses as Rand McNally will soon offer a local fleet version of its DriverConnect platform.
In partnership with Reliance Partners …Before autonomous driving systems are commercially available, it is essential to not just work on functional safety but also on cyber security, so as to ensure that the vehicle is completely safe to drive around once deployed.
Navistar’s Steve Gilligan discussed several technological opportunities for truck makers, including autonomous and electric trucks, during this week’s ACT Research conference.
Washington insiders say maritime cyber attacks in the U.S. and around the world lack attention and funding.
The Series C financing was led by China Merchants Capital, with participation from Shenzhen Capital Group, New Alliance Capital, Harel Insurance Investments and Financial Services, and Phoenix Insurance Company.
Volkswagen partners with Amazon Web Services, to streamline data coming from its different manufacturing and logistics processes, and create actionable information to improve production flexibility and increase vehicle quality.
Daimler Trucks North America (DTNA) announced it has opened its proprietary Detroit Connect platform to third-party telematics service providers.
India-based logistics startup Delhivery has secured $413 million in new funding with Japan’s SoftBank leading the round.
Several logistics and transportation software providers claim to have machine learning capabilities, but in many cases, the results don’t match the hype.
Service first FAA-sanctioned drone flight for routine, contractual deliveries.
“We’re looking at finding ideas and turning them into billion-dollar companies and working with key leaders in the industry to help them take advantage of the technologies.”
Uber Technologies Inc. has confirmed reports that surfaced over the weekend about its acquisition of Middle East on-demand cab hailing rival Careem for $3.1 billion, signaling its market domination in the region.
Flip a switch. Seems easy enough, but for those fleets that think that’s all they have to do with their ELD come December 16, 2019, they may quickly find their truck driver sitting idle, which is why now is the time to start the transition from a legacy AOBRD.
Uber has confirmed speculations of its acquisition of Middle East on-demand cab hailing company Careem, with the company now becoming a wholly owned subsidiary of Uber. The transaction is expected to be completed by Q1 2020.
The service will allow passengers to pay fares with their iPhone instead of paper tickets or transit cards.
Hwy Haul is a freight logistics startup that uses data science and optimization algorithms to connect carrier capacity with freight volumes over a digital trucking marketplace.
The company also announced the opening of a manufacturing facility in San Francisco’s Mission District that will soon have the capacity to produce several thousand sensors a month.
Nikola Motors is setting up its hydrogen truck manufacturing plant in Arizona, which is expected to roughly bring about 2,000 jobs by 2024.
