Stay Up to Date on Trucking, Supply Chain and Logistics Startups & More
The logistics industry is built on innovation, and startups have come to be a driving force behind that innovation. In the last few years, trucking, supply chain and logistics startups have emerged to disrupt the industry and drive it forward, especially in terms of digitization and automations. Check back here for the latest coverage and analysis of startups that are shaking up the industry.
Hyliion Holdings is buying generator technology from General Electric Co. that can make electricity from a variety of mixed fuels.
He regards the technology as not just the next generation of business process tools after the TMS, but something more akin to the revolutionary jump from traditional phones to smartphones.
The startup will hit an $11 million annual run rate in September.
TuSimple told federal officials about the crash of one of its supervised autonomous trucks and temporarily grounded its fleet. But it neglected to inform its partner, Navistar.
A new name in electric truck charging and infrastructure broke cover this week with $1 billion or more in private equity funding.
EV maker Arrival, which has a 10,000 van order from UPS, said it would only produce 20 vehicles this year, down from an estimated 400 to 600 just one quarter ago.
Hyliion still depends on its hybrid electric booster for its revenue, but the orderbook expanded 11% for the Hypertruck ERX in Q2.
Trucking compliance solutions company co-founder Hunter Yaw explains the “today costs” of compliance programs.
Hyzon Motors, which went public a year ago in a merger with a blank check shell company, is the latest electrification startup in trouble.
Unsure that financially struggling Romeo Power could keep supplying batteries for its electric trucks, Nikola is buying the company.
Walmart has announced a partnership with Platform Science to equip the retailer’s private truck fleet of 12,000 drivers with telematics tablet devices.
“This allows Samsung to set a new bar of service levels for logistics customers, and Vizion supports this through hyperfocus on enhanced visibility technologies,” said Kyle Henderson, co-founder and CEO of Vizion.
Canoo Inc. in May said its survival was iffy. With Walmart’s order of 4,500 electric delivery vehicles, the near term looks brighter.
Twin SPAC backer ArcLight Capital is investing $50 million in a truck-as-a-service business that handles Class 1-8 vehicles.
Outrider, an autonomous distribution yard developer, is readying a robotics kit that would allow shippers to automate operations.
NewRoad Capital Partners leads Series B investment in cloud fulfillment platform Logiwa.
The management shakeup at TuSimple has become a full management house cleaning. Hyliion sees early benefits following Cummins’ partnership.
Nikola will keep trying to pass a proposal to increase the number of authorized shares by pressing company stock owners to vote their proxies..
The company specifically runs its fleet on Interstate 5 using proprietary technology to relay drivers.
Nikola founder Trevor Milton will be tried in September rather than July after a new fraud charge led to a plea for more time.
