Commentary: The week FreightTech grew up
Last week’s Transfix, project44 and Emerge deals herald a maturing FreightTech space.
Last week’s Transfix, project44 and Emerge deals herald a maturing FreightTech space.
Despite significant investments in digital transformation, the industry has struggled to get its grip on recent disruptions.
Truck Talk is a weekly newsletter providing perspective and context on the week’s happenings in the trucking industry.
Forager has engaged an investment banker and is running a sale process.
Transportation procurement system will handle $4B worth of bids this year.
Don Thibodeaux from FuelHub discusses how automating fuel-buying processes can save money.
FedEx integrates the Aurora Driver autonomous system on PACCAR trucks into its logistics operations on Dallas-to-Houston round trips.
SkyBitz executive Ken Moore explains how remote fuel storage tank monitoring works and why it can help reduce freight costs in a fireside chat at FreightWaves’ Fuel Buyers Summit.
“If everything is streamlined and automated, your insurance costs will go down because your accidents will go down,” said Mitzel.
SPAC-sponsored autonomous software developer Embark Trucks is tapping industry experts for advice as its public debut nears.
“With GCP as a partner, their strategic connections will allow us to build the technology that our FDPs are craving,” says the FRONTDoor Collective COO.
“Our acquisition of Convey brings project44 all the way to the front doorstep,” says project44 founder and CEO Jett McCandless.
An “unprecedented outlook for hydrogen fueling station network development in California” contains bold expansion plans for the state. The California Air Resources Board report expects to see capacity for 250,000 fuel cell electric vehicles by 2026.
FreightWaves examines 5 deals and partnerships that highlight how fintech can improve FreightTech offerings.
Self-driving technology company Aurora said it will deploy a Toyota Sienna autonomous vehicle in rideshare service in the next six months.
“With all the difficulty with hiring, technology is an obvious answer,” said Zach Strickland.
“We have always wanted customs authorities to share their rules, what they are looking for and what they are sharing, but they will never do that,” says Altana’s CEO on problems the company is aiming to solve.
“We’re excited to partner with Blume Global, its management team, Apollo and EQT to support the company through its next stage of growth,” says Bridgepoint’s managing director.
Melio’s monthly processing volumes increased 5,000% over the past 18 months as its customers turned toward its digital suite to maintain positive cash flow.
In today’s labor market, “throwing people at the problem” does not work.