Postmates Inc., an on-demand food delivery service, confidentially filed with the Securities and Exchange Commission (SEC) for an initial public offering (IPO).
The arrest came a little over month after the Farm Bill made hemp and all of its byproducts legal.
The compensation is contingent on the company going public or changing ownership, according to GM’s annual 10K filing with the U.S. Securities and Exchange Commission.
There are a lot of companies out there and it’s a number that is likely to shrink, according to the panel. Also on the agenda: blockchain and making yourself stand out in a crowded field.
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.
Green New Deals are the rage in Washington, with benefits – and costs – for trucking.
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.
Indigo Agriculture has recently launched Indigo Transport, a digital logistics platform designed to connect shippers and carriers to more efficiently haul agricultural products.
Convoy, the powerful nationwide trucking network and platform for both shippers and carriers, is partnering with FreightWaves on the first-ever Shipper of Choice Award.
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.
Tesla’s acquisition Maxwell Technologies could have an impact on Maxwell’s fleet business, which counts more than 7,000 trucks using its products.
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.
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.
A peer-to-peer delivery startup underscores what everyone knows but doesn’t always point out about the origin of sharing economy businesses – they draw on century-old practices common in developing countries.
JUSDA, a supply chain platform that spun off Foxconn Technology Group, has raised $356 million in its Series A round.
The financial tech and freight tech sectors both have a huge addressable market, and both have been traditionally resistant to change. Will the disruption continue, and what should we expect after similar patterns of explosive growth?
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.
Desktop Metal, an additive manufacturing [3D printing] firm which specializes in metal printing, announced last week that it raised $160 million from a financing round led by Koch Disruptive Technologies (KDT), a subsidiary of Koch Industries.
Still too much reliance on spreadsheets for carrier procurement, Gartner exec says.
Inxeption has designed the first blockchain-based e-commerce platform for B2B that catalogs and digitizes product information.
New truck and trailer purchases currently include a 12 percent federal excise tax, adding tens of thousands of dollars to the purchase price. A new coalition is looking to lobby for the repeal of the tax.
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.
CEO Frank McGuigan and CTO Jim French discussed customer-oriented technology, trends in digital brokerage, M&A, and the future of managed transportation.
As a slew of regulatory and tech changes hit the trucking and freight industries, the businesses that succeed will be the ones that are open to innovation — and surveillance.
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.
A.N. Deringer, Inc., a leading international logistics provider and customs broker, has joined the Blockchain in Transport Alliance (BiTA).
Company looks to link states on peer-to-peer platform.
SupplyOn, an IT service provider that specializes in intelligent supply chain management solutions for discrete manufacturing in automotive, aerospace, rail, and engineering, has joined the Blockchain in Transport Alliance.
Nova Dynamics is testing DAX the robot in the tiny town of Philomath, population 4,760.
Wheels, a relatively new entrant to the electric scooter-sharing ecosystem has raised an investment of $37 million, which further reinforces the explosive interest shown by investors towards this segment.
Chinese ecommerce behemoth JD.com is turning delivery schedules up a notch by introducing delivery drones in Indonesia and completing its first “government approved” drone delivery earlier this month.
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.
David Rowan, founder and editor-at-large for Wired UK, will deliver a keynote address on Day Two of the upcoming Transparency19 conference.
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.
Top supply chain trends and Rhode Island collects more in toll revenue than it expected, plus the growing scooter logistics sector and more container checks.
Bridgestone Europe is acquiring TomTom Telematics for €910 million, a definitive step towards bolstering its presence in the “mobility solutions” segment. This acquisition would provide Bridgestone the leverage to up-sell and cross-sell solutions to a broader customer base.
Regulators say a database designed to standardize and simplify training certification for new drivers will be ready on time next year.
By joining BiTA, Daseke will be at the forefront of shaping the development and deployment of blockchain technology in trucking and logistics.
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.
VAYAVISION’s new software is an autonomous vehicle environmental perception engine that fuses raw sensor data together with AI tools to create an accurate 3D environmental model of the area around the self-driving vehicle.
The enthusiasm was infectious. While most companies are in the exploratory phase of blockchain, we’re starting to see more and more people taking action on blockchain.
The connected Smart Cities of the future require smart solutions that go beyond just autonomous vehicles.
Though cobalt is an integral part of our lithium-ion batteries, the extraction of the trace element is a huge cause for concern. Blockchain could provide respite by bringing accountability and transparency into cobalt supply chains.
Plus: Skewering Theresa May, B.C. rail investigations, California clean air program assessment
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.
“I thought: I can book a flight online, a hotel online. Why can’t I book a shipment online?”
FreightWaves joined in on the third annual Alexa Conference with its estimated 600 attendees from more than 12 countries. What’s coming in voice technology for transportation in 2019 and beyond?
Gig economy companies contend with Supreme Court ruling that mandates full time workers to be considered as employees and not contractors; oil supply reduces after Saudi Arabia’s drastic production cut; government shutdown strains supply chains across the country.
Simpson talks about legacy transportation companies adapting to change.
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.
The MOBi-ONE is large enough to move washers and dryers, and do so autonomously through the air, perhaps redefining last-mile drone delivery before it even gets started.
Australia is carrying out a series of large scale studies into its domestic supply chain; one study currently underway is into the nation’s freight data requirements. (Photo: Shutterstock).
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.
The TCA Profitability Program, or TPP, is an exclusive performance benchmarking initiative. The program’s aim is to help member carriers improve performance and profitability.
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 Quadrobot is a modular design autonomous delivery vehicle, launching this year in both China and the U.S.
Ford will build vans and midsize pickups under an alliance formed with Volkswagen, while tapping into VW’s autonomous and electric expertise.
DOT chief Elaine Chao today called on manufacturers and Silicon Valley to help instill public confidence in the safety of autonomous vehicle technology.
“We’re doing this with real commercial shippers and real cargo,”
Volkswagen announced today that it would expand its Chattanooga assembly plant to build the next generation of electric vehicles.
Off late, electric scooter company Lime has been in the news for the wrong reasons. Batteries burning up, bike vandalism, fragile bikes breaking down, and the latest – abrupt braking issues.
The Nissan IMs electric vehicle concept drew raves from those in attendance at the Detroit Auto Show, but it is only one of several concept electric vehicles on display.
January’s World Economic Forum (WEF) white paper identified 16 factories that are leading the world economy in manufacturing technology. The United States has only one of these “lighthouse” facilities – Fast Radius’s Chicago factory, located in the city’s West Loop.
Drivers most often commented on equipment issues, logistics, people, pay, and communication on the WorkHound platform in 2018. The platform compiles anonymous driver comments.
Sorting through emails, listening to endless phone calls: these are part of the information overload that the Smart Capacity platform seeks to address.
Australian livestock haulers will greatly benefit from a programme of livestock-haulage related road upgrades in Northern Australia. Road investment decisions have been informed a massive transport research and simulation project by the national scientific research agency.
Delivery robots, shifting supply chains due to trade wars, and automation slowing productivity in ports
TriumphPay presented its product to a room of 1,000 transportation, technology and finance executives at MarktWaves18 in Dallas, Texas.
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.
Downhill driving presents particular safety risks to truck driving. Australian law requires truckers to shift to a lower gear and not use the primary brake for the descent. National telematics body Transport Certification Australia has launched a new app that records the details of the descent for the purposes of improving safety and creating an audit trail. (Photo: Shutterstock).
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.
“This is the biggest barrier from going where we are today to commercialization.”
Judging from the number of business exhibitors showing here for the first time, CES might well be rebranded as “UTS2019” – the Ubiquitous Technology Show.
The Blockchain in Transport Alliance announces that it is working with the IEEE Industry Standards and Technology Organization (ISTO) to assist the Alliance in its standards activities.
As administrators for the Black Smoke Matters group on Facebook worked to get a handle on the sudden explosion of members in the group, one administrator announced he is stepping away from the page and the group has posted what it is calling “Truckers Declarations for the 2019 Shutdown” on its website.
Kenworth Trucks and Toyota will build 10 fuel cell-powered Kenworth tractors as part of a partnership to reduce emissions at the Port of Los Angeles by 2020.
Walmart will deploy autonomous vehicles to deliver groceries for customers, according to Tom Ward, senior vice president of digital operations for the retail giant. Autonomous vehicle company Udelv is providing the technology to make the pilot program possible.
Ride hailing companies are expanding services across various verticals like electric vehicles and autonomous driving cars, as growth of regular users in the cab hailing market seems to stagnate.
IBM estimates that less than one percent of all data is collected and analyzed. If all data was gathered and studied, “wonderful things would happen,” said Ginni Rometty, CEO and president of IBM.
One of the oldest and largest privately-held transportation companies in the United States has joined BiTA.
The shutdown means that the travel expenses of government officials to the Las Vegas convention will not be paid, and their visits will be canceled. Transportation Sec. Chao is still expected to deliver a keynote.
Daimler will put a level four truck on the road in the U.S. this year, Daimler Trucks CEO Martin Daum said during a speech this morning at the Keep Memory Alive Center.
Daimler kicked off its CES presentations with a ride and drive event at the Las Vegas Motor Speedway and a workshop on the company’s EV strategy.
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.
SUKU wants to decentralize the supply chain and make it run more efficiently and cheaply through its blockchain-based, open-source platform.
The udelv autonomous delivery vehicle, with an electric range of about 60 miles, will enter a pilot program with XL Parts in Houston.
