Startup self-driving truck software-maker Embark Trucks sees itself at the center of an autonomous ecosystem driven by fleet and logistics partners.
The telematics, ELD and satellite provider is getting sold for a 50% premium. Even that is less than at least one analyst saw as its value.
Needing to know where your freight is spawns incredibly competitive market
Not being limited to the modes of a particular carrier or their own private fleet, a business can access more available capacity in the market.
The sale price is $11.50 per share, about 150% more than the closing price on Wednesday.
The acquisition provides MercuryGate with ready-made last-mile logistics exposure, Blough says.
The first autonomous trucking software company to go public, TuSimple seeks up to $1.5 billion in stock sales.
Embark Trucks hit the autonomous road sooner than the competition. Now it wants to help fleets get ready to plug into self-driving trucks.
FreightTech companies showcased their cutting-edge technology solutions for common fleet inefficiencies during the Enterprise Fleet Summit.
Trimble MAPS worked with Wisconsin trucking company Roehl Transport to implement a navigation system to allow seamless and precise last-mile operations. The companies share their story during FreightWaves’ Enterprise Fleet Summit.
Hubtek’s digital worker, TABi, enters a company’s TMS as a user, scans documents, forms and emails for data, and transfers the data to the TMS.
Mercado Labs connects, organizes and optimizes international supply chains, bringing order to the complex and monthslong importing process. End-to-end visibility is table stakes for an agile, efficient and resilient supply chain.
One interesting aspect of the report by B Riley: Could TriumphPay and Triumph Capital be headed in different directions?
Isuzu trucks will install technology from autonomous vehicle startup Gatik on its medium-duty N-Series truck models.
Samsara’s new Fleet Benchmarks Report compares a fleet’s performance to that of similar fleets across the trucking industry, providing insight into how they are trending relative to peers.
Shipwell is adding pricing intelligence tools to its enterprise platform. Shippers testing the new tools have seen procurement costs drop as much as 10%, Shipwell said.
Research firm Cowen has set a price target of $28.50 per share for EV startup Arrival – more than $10 higher than Monday’s trading price. Cowen cited its unique approach to manufacturing as one reason for its optimism.
John Krafcik, who led Waymo, the former Google self-driving car project, to recognized leadership in autonomous vehicles, is stepping down as CEO.
Kenworth and Peterbilt avoid downtime from semiconductor shortage by parking unfinished trucks and getting back to them later.
As hackers exploit the interconnectedness of the global supply chain to stage ransomware attacks, executives say technology and strategy are key to avoiding a knockout punch.
