Echo Global Logistics has held true to the same goal since its inception almost 20 years ago: Make transportation management simpler.
Newtrul has built a marketplace focused on integrity, compliance and credibility.
“We have been here over a decade and have deployed thousands of systems using this technology. We are bringing this level of experience with robotics that is just unmatched in this market,” said Mujin Director of Sales Josh Cloer.
“To get ahead of the curve on stringent climate disclosure requirements proposed by the SEC and [the ISSB], shippers need to transition from manual data gathering and estimations of their scope 3 carbon footprint to tools that efficiently and accurately provide emissions reports in real time,” said Convoy Corporate Sustainability Analyst Kiana van Waes.
TuSimple co-founder Xiaodi Hou says his ouster was retaliation for failing to support a pay package for the rehired CEO whom he replaced.
Gatik will move grocery loads autonomously from Kroger’s Dallas distribution center to its area grocery stores, starting with safety drivers.
Freight reservation aggregator Freightos issued its first earnings report as a public company. Reducing losses continues to be a challenge in a difficult economy.
TuSimple co-founder Xiaodi Hou quit the board at the autonomous trucking startup as the company investigated him for employee poaching.
How confident is Kodiak Robotics of the safety of its autonomous system? How about cutting a sensor cable while the truck is running?
Weather has a significant impact on retailers, but most still rely on manual forecasting. Tomorrow.io’s advanced weather intelligence is changing the game.
Cummins Inc. is rebranding its New Power division to get more attention for its investments in zero-emissions technologies.
Plus One Robotics has raised $50 million to roboticize parcel handling in warehouses and distribution centers.
“Real-time visibility and responsive risk management gives Overhaul a distinct advantage among supply chain SaaS providers,” said Ryan Ziegler, general partner at lead investor Edison Partners.
The Lordstown Motors Endurance electric pickup was delayed, subject to cost overruns and now faces a safety recall.
Nikola allegedly tried to sign rival Lion Electric customers after canceling a battery supply contract with Romeo Power.
“Our goal is to get empty containers out of the hands of those who do not need them and into the hands of those who do, and so far it’s working,” said Qualle founder and CEO Tyler Sellers.
Embark Trucks, the original autonomous trucking company, may put itself up for sale or liquidate after laying off 70% of its employees.
Volvo Group’s CampX has ushered 50 startups through its accelerator. Now it is adding an incubator for early stage startups.
In some rare good news for autonomous truck software developer TuSimple, the FMCSA closed a probe into a crash last April.
“With over thousands of carriers to choose from to move your freight, carrier scorecards are essential to making the right buying decision during an RFP bid event,” Emerge founder and CEO Andrew Leto said.
Hyliion Holdings is teaming up with financially struggling Hyzon Motors to develop a hydrogen-powered fuel cell version of its hybrid truck.
Crstl looks to take on the digitization of transactions and data sharing between brands and major retailers like Walmart and Target.
Nikola Corp. maintains it can raise capital through equity sales, but its auditor says that’s uncertain, prompting a notice of going concern.
Will new leadership be enough to save the FreightTech company?
Autonomous truck convoy developer Locomation denied reports it is closing, but said it laid off most non-engineering employees.
Nikola is still far from positive financial territory, but the integration of major components should help bring costs down.
What does it mean to have a former Daimler Truck executive in charge of Torc Robotics? Experience guides a big mission focus
“We knew the port terminals, we understood their operations, but mostly we understood their systems and data. We thought we could be the bridge that wasn’t created before that could speak both parties’ languages and get containers in and out,” said BlueCargo co-founder and CEO Alexandra Griffon.
Nikola customers will test Plus autonomy on the startup’s battery and fuel cell electric trucks this year and make it standard in 2024.
Supply chain veteran and patent holder Julian Van Erlach explains how FabFitFun continues to ship “more gross profit dollars per package.”
“The digitalization of trade documentation is in full swing worldwide, and companies need all the support and advice they can get to implement the optimum solutions into their everyday workflows,” said CargoX CEO Stefan Kukman.
How long will incentives drive the transition to electric trucks and help pay for the infrastructure that powers it? It’s going to be awhile.
Austin, Texas-based Overhaul has acquired SensiGuard in a deal aimed at increasing the supply chain security firm’s global footprint.
“The new model is flexible and brings together dedicated support teams highly trained on one or a few shippers’ needs and operating requirements,” said Convoy founder and CEO Dan Lewis.
Just as the name suggests, Get It There Faster helps shippers easily move LTL ground and air freight, instantly bringing expedited rates to their TMS platforms.
A year ago, they fought over patent infringement. Now Ouster and Velodyne are one company seeking to win in the overcrowded lidar market.
Supply chain software provider Descartes announced Tuesday the acquisition of final-mile tech platform GroundCloud.
Convoy is looking to improve the contracted freight market for small carriers and shippers with forever-evolving freight needs.
Supply chain technology provider Trimble Inc.’s transportation revenue was $150 million in the fourth quarter and $604.2 million in 2022.
Amid recession fears, industry experts reveal freight’s most untapped differentiator— next-generation weather technology.
Less-than-truckload booking platform MyCarrier is automating insurance coverage for the 10,000 shipments it is booking daily.
In the inaugural Moving World Report, UP.Partners dives deep into what drives today’s mobility industry — and examines what’s holding it back.
A cross-section of Industry experts offer thoughts on how transportation management systems will integrate with autonomous trucks.
GoFreight, a startup freight shipping platform for small and midsized freight forwarders, recently raised $23 million in a Series A round.
If history is a guide, advanced technologies in Daimler Truck North America’s SuperTruck II prototype could end up in production.
The Wall Street Journal reported a federal watchdog group urged an espionage probe into TuSimple leaders, but the company denied the report.
Startup electric last-mile van developer Arrival cut 50% of its workforce as it tries to reduce cash burn and make it to production.
Ameriflight, an air cargo contractor for big express companies, is considering a large purchase of uniquely designed, semi-autonomous freighters from Natilus.
Deliberate perfectly describes Paccar’s approach to trucking electrification. The company offers nine commercial electric trucks but skips the hype.
Companies in need of supply chain visibility can now leverage FourKites data through their existing internal platforms.
“It’s not a one-size-fits-all scenario. We can sit down with any merchant of any size, with any kind of commodity and really understand their needs and how both the technology and our carrier network can get that customer delivery experience they are looking for,” said Brad Noble, Passport’s new head of business development.
FreightTech startup Freightos is raising money through a public offering rather than seeking venture capital.
By the end of the week, Convoy carriers will be able to receive instant bid feedback on 98% of company-sourced loads.
“We are proud to be part of this first-in-history interoperability launch between eBOL platforms,” said CargoX founder and CEO Stefan Kukman.
The first freight sentiment indexes in 2023 show eroded near-term freight market expectations but signs of a more balanced landscape on the way.
James Reed is the new COO at autonomous truck startup Kodiak Robotics, possessing tech credentials unrivaled among trucking executives.
As valuations of SPAC-backed startups plummet, one autonomous trucking developer that avoided the FOMO and stayed private is thriving.
“Terminal49’s automation has saved us thousands of dollars a year, but more importantly it’s helped improve customer trust,” said Trade XCelerators’ Spencer Strader.
Colorado startup Outrider, which transforms distribution yards into automated operations, has raised $73 million in a Series C round.
Truck-as-a-service startup Forum Mobility enters a $400 million joint venture to establish electric drayage truck charging sites.
It is pretty much acknowledged across the trucking industry that a consolidation of players in autonomous trucking is coming.
Autonomous trucking language can be a little off-putting to the uninitiated. One exception may be the term “feature complete.”
Flexport is hiring top tech talent to scale up its digital logistics platform.
Microsoft Corp. is reportedly near an investment in Gatik, the middle-mile autonomous trucking startup.
Bestpass and Drivewyze have come together in a collaboration aimed at an expansion of using tolling data to aid drivers.
Supply chain visibility leaders provide insight on their decisions in 2022 and what’s in store for the FreightTech segment in 2023.
Ryder rolls out warehouse automation that fits your profile.
Isometric Technologies offers the supply chain’s first logistics performance intelligence platform that ensures the reliability of third-party performance data.
In partnership with Parade, McLeod Software’s digital freight matching API equips brokers with best-in-class capacity management.
Robust marketplace offers more than connectivity for shippers and carriers.
As FetchGoat began to grow, co-founder and CEO Bill Hale had one strategic investor in mind.
TriumphPay’s Emily Meyers notes that it’s tougher for carriers to predict their cash flow and expenditures while facing such long payment cycles.
From a Netflix-worthy docudrama at TuSimple to dueling technology announcements, autonomous trucking took steps toward commercialization.
TuSimple cut 25% of its workforce that grew too fast following the company’s public debut in 2021.
Several airlines have tapped software interfaces to allow electronic bookings for their cargo capacity.
The spending bill to keep the federal government running through fiscal 2023 includes updated measures for trucking and maritime sectors.
Autonomous trucking startup TuSimple will be on the hook for $15 million in cash severance if it ousts CEO Cheng Lu a second time.
Echo Global Logistics’ contractual sourcing and continuous movement programs are helping owner-operators stay the course amid market volatility.
McLeod enhances its rate index calculator with high-frequency spot rate data.
Knight-Swift is the first carrier to put its own driver behind the wheel of a tractor embedded with autonomous software from Embark Trucks.
Autonomous trucking developer TuSimple appointed three independent directors to right its ship after a month of boardroom drama.
Uber Freight and Volvo Autonomous Solutions are stressing patience over hype in working to digitally schedule loads for the truckmaker’s one-stop shop for all things autonomy.
Appearing on Fuller Speed Ahead in, Venture 53’s Pat Martin says the supply chain is the most fragmented industry today and that we need AI to solve problems, not automation to replace workers.
Supply chain technology startups have “a level of staying power,” says Ironspring Ventures investor Natan Ruddy.
7LFreight is a Freightos company that gives freight forwarders the ability to compare less-than-truckload prices by lane and execute a move.
Ryder’s Rob Pluta and Geotab’s Stephanie Voelker discuss how carriers and shippers can overcome technology fragmentation to create more efficient supply chains.
Trimble is acquiring German transportation management system provider Transporeon for $1.9 billion.
Blockchain technology provider CargoX believes skeptics shouldn’t be bystanders in the creation of global shipping data standards.
7L Freight is making truck procurement more convenient for logistics companies by combining dynamic rate management with electronic booking.
As a seed-stage startup, Ali Javidan’s Range Energy doesn’t have much to show yet for his idea of electrifying trailers.
Coupa Software is being acquired by Thoma Bravo in a deal valued at $8 billion.
Surge Transportation’s Omar Singh discusses shippers limiting broker partnerships for arbitrary reasons rather than their specific strengths and weaknesses.
With investor appetite shrinking, will FreightTech companies feel the pain in 2023? A recent survey shows mixed results.
Descartes said demand for supply chain visibility tools remains strong amid uncertainty in the broader economy.
The breakup with Navistar is a big deal for autonomous truck developer TuSimple, but its balance sheet could limit reputational damage.
“Whether a company is big or small, they all need to provide visibility to their customers. … If a company can’t provide delivery dates, process inventory efficiency and delivery on-time then the customers will go somewhere else,” said project44 founder and CEO Jett McCandless.
“Now, stone yards across the country can get on our site, find a load of stone, get the shipping cost and book a truck in a matter of minutes,” said StoneLoads CEO Patrick Wells.
Einride has raised $500 million through a combination of equity and debt financing, giving it more funding to accelerate deployment of its autonomous and electric vehicles.
The industry’s first autonomous trucking marriage between TuSimple and Navistar is the first to end in divorce.
It is not exactly a fundraising round, but Kodiak Robotics is generating $49.9 million in autonomous work for the U.S. Army
