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.
A wide range of technological solutions for supply chains seeking efficiencies will be on display at MarketWaves near Dallas November 12-13.
While there are plenty of TMS systems out there, few to none have traction in the machine learning space.
Seeking to deliver cost-efficient solutions for fleets and take advantage of the new trend toward openness and convergence, SmartDrive Systems in collaboration with Geotab has introduced a new platform designed to lower costs and create a single point of connectivity.
Northern Block, a Toronto-based blockchain product venture shop, has joined the Blockchain in Transport Alliance (BiTA), an organization dedicated to determining best practices and standards for blockchain in the transportation/logistics/supply chain marketplace.
Spireon has new financial backing and a market that still has a lot of trailers without GPS tracking.
Drayage to be test bed as OTR market remains out of EV reach.
Trucker Path’s acquihire to end 2017 saved FreightTech from a hangover that might have made funding for other trucking startups difficult
The new tool will allow machine learning to accept and interpret counteroffers from carriers, and decide if they’re too high or just right.
When you consider all the implications of the service, it may be one of the biggest deals happening in the industry that you haven’t heard about.
Conduit’s goal is to help shippers save time, uncover price anomalies, and manage operational data.
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.
KeepTruckin, a tech firm that offers fleet management solutions, based in San Francisco, has expanded operations in the Music City.
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.
But lead agency for commercial vehicle safety says autonomous trucking will serve drivers well and make industry better.
The rapid growth in investment resembles the Fintech sector from 2006-10, but TransportTech is still an understudied and less well understood field for venture investment.
You heard it here first. An actual real-live truckload shipment has worked across supply chain stakeholders to create an industry-first: a shipment using blockchain.
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.
Sears was also a pioneer in all things omnichannel and what we now call last mile. Why did they fail to innovate this time around?
Supply chain software company E2open is in the process of acquiring the world’s largest neutral maritime network INTTRA, in its bid to expand its services to the ocean container industry.
Since its launch, Convoy has been innovating with technological solutions aimed at reinventing the way freight moves across the country. To help fulfill that mission, the company is now expanding beyond its Seattle, WA, roots to a second office located in Atlanta.
Uber Freight introduces three new features to its app, making it more customizable and intuitive, and helping drivers and carriers better manage their loads and time schedules.
The Blockchain in Transport Alliance (BiTA), an organization dedicated to determining best practices and standards for blockchain in the transportation/logistics/supply chain marketplace, is pleased to announce that GTG Technology Group has joined the Alliance.
Incongruent payment cycles make it hard for low-credit businesses to fund their operations. BAM is a Fintech solution for the world’s oldest method of raising capital, factoring.
Europe’s largest port becomes the third in the region to start testing distributed ledger technology.
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.
Trump government looks to phase out IMO2020 sulfur cap regulations; Shanghai Composite Index crashes by 3%; Amazon revisting cities for finalizing HQ2.
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.
The credit rating agency says that well-capitalized, risk-sharing joint ventures between incumbent automakers have the best chance of successfully bringing AV products to market safely and at scale.
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.
Also in today’s issue: a beating shows the dangers to truckers, even off the road; an Indian company looks to disrupt that company’s trucking sector.
Lithium is going to be in there, the industry wants cobalt out or lowered, and a few other metals are lining up to take its place in the next generation of batteries.
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.
The Blockchain in Transport Alliance (BiTA) is pleased to announce that BP, a global energy leader, has joined the organization.
35 companies are being spotlighted in Venture Atlanta 2018, double the number of last year. These companies are already successful and making strides in a variety of venture and tech-related firms. Here’s a brief look at 10 of these companies, each of whom had a mere 5 minutes to pitch.
It started with an open nomination period, and after culling through hundreds of submissions, the FreightWaves Research Institute has announced the inaugural Freight.Tech 100 companies.
Dave DeWalt has been a part of creating 17,000 jobs, $20 billion in shareholder value, $2 billion in revenue, and has 32 years in high tech.
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.
Avancargo, a freight logistics startup from Argentina has on-boarded over 18,000 trucks on its platform and is helping them connect with shippers digitally.
BM recently announced that its food supply chain network, IBM Food Trust, has become generally available and is now open for any member of the food ecosystem to join. The network aims to improve food safety and reduce waste.
The Indian trucking ecosystem suffers from a lack of visibility and transparency, which Vaahika is looking to address by digitizing logistics and creating a bridge between carriers and shippers.
Edge technology and infrastructure will play a key role in everything from autonomous, to final-mile delivery applications, to IoT solutions and smart cities as a whole.
Mike Roeth, executive director of NACFE, spoke last week at the Meritor/P.S.I. Fleet Technology Event, telling the audience that one of the lessons he learned from NACFE’s Run on Less program in 2016 was that drivers still have plenty of influence over fuel economy, despite technology advances.
Syfan Logistics, a third-party logistics and transportation company, has joined the Blockchain in Transport Alliance (BiTA).
Chainstack, a multi-cloud and multi-protocol Platform as a Service that empowers businesses to rapidly build, deploy and manage decentralized networks and services, has joined the Blockchain in Transport Alliance (BiTA)..
Netradyne, a startup that uses computer vision to understand and improve driver behavior, has raised $21 million in its Series B funding, led by Microsoft’s venture arm, M12.
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.
Major drayage operator at U.S. busiest port complex looks to all-electric truck to hit emissions reduction goal.
Hyperloop is a technology that has been touted an exciting prospect in the transportation vertical. What is it about and how could it help improve the industry?
Freight Alley expands with the addition of Grupo Sesé, Carrefour turns to blockchain, Airbus will name its new CEO, and more in Today’s Pickup.
EXL (NASDAQ: EXLS), a leading operations management and analytics company, today announced it has joined the Blockchain in Transport Alliance (BiTA).
Venture capital-backed firm incorporates road, weather and hours-of-service data to providing real-time tracking.
In addition to funding the FAA for the next five years, the bill includes language that could be used to further integrate unmanned aircraft systems, like drones, into the commercial landscape.
As part of a wide-ranging DOT initiative to prepare for driverless vehicles, FMCSA will address regulations that could be slowing the development of these technologies in the commercial vehicle space.
GuardKnox, an Israeli vehicle cybersecurity startup is bringing in technology from the defense sector to make sure vehicles stay safe from data breach and cyberattacks.
Pantos Logistics, the leading logistics company in South Korea, has become the latest member to join the Blockchain in Transport Alliance (BiTA).
What do you get when you combine a last-mile delivery solution company with a semi? You get an autonomous truck startup that’s skipped a few steps ahead of the competition.
UNCTAD expects volumes across all maritime segments to grow in 2018. However, it warns that trade wars can disrupt the global trading system and there is a need to assess the implications of vertical integration within the industry, addressing any potential negative effects.
Additional robotic deployment comes as XPO readies for seasonal rush.
Industry participants want practical applications. They want to know what’s happening, and whether or not it’s an actual solution for their needs.
Newly launched venture called Transmission aims to bring low-cost ELD product to drayage and intermodal motor carrier.
In a time when consumers are opting to spend less time in the kitchen, restaurants and grocery stores, convenience is king and grocery delivery services are popping up everywhere.
Two of McLeod’s clients talk about how they use profitability analysis tools daily and how they drive better business decisions.
Even for small decisions you make, the computer is calculating millions of small permutations every time. If you do this thousands and thousands of times, the tool gets better and better.
Capacity creator, waterfall tendering, and max buys based on near-time market rates should help make brokers even more productive.
With the explosion in tech over the past few years in transportation, it’s increasingly urgent to provide real solutions with systems integration capabilities that let drivers, carriers, accountants, managers, and brokers tap into innovation and information.
Start-up looks to spread adoption of more nimble APIs to replace legacy EDIs used widely in transportation industry.
Smart cities end up producing millions of data points every minute. City administrations need to wake up to the potential of data analytics and think of a way to utilize data and reduce urban traffic congestion.
An annual review of the logistics business gets published; dueling intermodal views; and a startup gets a big chunk of funding.
The annual report by Infosys and others reflects an industry that is largely satisfied with the work that is being done, but with a recognition of areas that need improvement.
There is incredible demand right now for frac sand in the Permian Basin. With the explosive growth in fracking, customers were demanding solutions faster than GE could build them.
In the latest BiTA webinar, we reviewed the state of blockchain with industry experts. Mitch Hixon, Executive Vice President of Membership Engagement, BiTA spoke with Rachel Parker Sealy, Partner, PwC Advisory and Kris Kersey, Director, PwC Advisory, providing insights from PwC’s 2018 Global Blockchain Survey of 600 executives from 15 territories.
Discussions around the topic of autonomous trucks would not be complete without it addressing three main concerns – job security of drivers, data privacy, and liability issues.
The popular electronic logging device (ELD) exemption for agricultural haulers is up for renewal before Sept. 30, but it’s longer-term fate may hang with Congress’ ability to pass a budget – or at least a Continuing Resolution (CR) to keep the government open beyond Sunday.
Yesterday Uber settled a lawsuit with all 50 states and the District of Columbia, agreeing to pay $148M for covering up a 2016 breach of driver and passenger data.
Germany has spent $580 billion towards renewable energy infrastructure, but still would fall woefully short of its emissions reduction goals of 2020. Andreas Kuhlmann, chairman of German Energy Agency explains why.
FedEx, the giant US courier company, proactive adopter blockchain technology and BiTA member, has joined Linux hosted open-source project Hyperledger to further advance the use of distributed ledger in logistics, and transportation.
Readers of the printed newspaper are on a decline. It is essential that distribution companies that cater to this audience adapt to change, and optimize their logistics processes to increase profits.
How can something so small be such a big deal? For two very significant reasons.
According to an open letter from Walmart to its leafy green suppliers, the company will forge ahead in blockchain development as part of the Food Trust as soon as early 2019.
The partnership will be a joint effort in discovering the next generation of connected car capabilities for businesses of any size.
Bernd Heid from McKinsey elaborated on the future of mobility, drawing instances of disruptions in the transportation industry and the need for adapting business models to market and regulatory requirements.
R2 Logistics, Inc., a customer-focused third-party logistics (3PL) service provider, is the latest member of the Blockchain in Transport Alliance (BiTA).
Nasdaq listed technology firm Ideanomics (NASDAQ:SSC) has formed a joint venture with APMEN Trade Tech Co Ltd., to streamline ports in the Asia Pacific by using blockchain and artificial intelligence in the Port of Shanghai, currently the world’s busiest port.
The service can search shipments for drivers beforehand to help ensure their trips are consistently profitable. The service puts in the work so drivers don’t have to.
The Carrier Relationship Platform uses data to organize and automate a company’s processes with a unique approach: delivering targeting engagements to strengthen relationships.
The two Koreas consider historic trade agreements in the middle of ‘Autumn Eve’, their peak shipping season.
Leaders from state departments of transportation across the country participated in a panel discussion about connected and automated vehicles, and the winding road to their ubiquitous adoption.
In September 2017, IKEA Group was one of the first to join EV100—a global initiative created by The Climate Group—and now, a year later, IKEA Group has announced their commitment to moving toward zero emissions deliveries in 5 major cities by 2020.
BiTA participated in the Singapore Week of Innovation and Technology (SWITCH) 2018.
ZF, the German automaker has released innovative trucks that can load and unload at the warehouse and last-mile electric delivery vans with level 4 autonomy.
We spoke to T Rowe Price VP Andrew Davis about how traditional investors’ view of the digital brokerage had changed over time.
Hyundai is working on mass producing hydrogen fuel cell powered heavy-duty electric trucks, which would make an entry into the Swiss commercial market between 2019 and 2023.
Britain’s largest ports operator looks to distributed ledger technology to ease cargo movements.
With ELDs in nearly every truck, it was only a matter of time before insurance companies started to utilize the devices. Progressive is among the first, launching a new discount program for truckers that provide Progressive access to their ELD data.
The Chicago based freight forwarder and 3PL announced that it has joined BiTA.
Ford Trucks unveiled its new F-MAX tractor, boasting a high-performance engine with 500 PS, 2500 Nm and 400 kW of braking power. The tractor also has 6% higher fuel optimization over previous models, and delivers lower cost of ownership with 7% reduced maintenance costs.
