The compensation is contingent on the company going public or changing ownership, according to GM’s annual 10K filing with the U.S. Securities and Exchange Commission.
There are a lot of companies out there and it’s a number that is likely to shrink, according to the panel. Also on the agenda: blockchain and making yourself stand out in a crowded field.
Amazon (NASDAQ: AMZN) joined with capital venture firm Sequoia and T. Rowe Price (NASDAQ: TROW) to invest $530 million in self-driving vehicle startup Aurora Innovation according to Aurora’s press release on Medium.
Green New Deals are the rage in Washington, with benefits – and costs – for trucking.
Technology Crossover Ventures (TCV) has made a $200 million minority investment in Finland-based RELEX Solutions (RELEX), a leading provider of retail planning solutions – including supply chains – according to a RELEX press release.
Chinese e-commerce newcomer Pinduoduo (NASDAQ: PDD) seeks to finance an operational expansion by raising $1 billion. The company’s filing with the SEC said that it plans to sell 37 million shares to raise necessary capital.
Indigo Agriculture has recently launched Indigo Transport, a digital logistics platform designed to connect shippers and carriers to more efficiently haul agricultural products.
Convoy, the powerful nationwide trucking network and platform for both shippers and carriers, is partnering with FreightWaves on the first-ever Shipper of Choice Award.
Autonomous truck technology has the potential to change the cost structure of the carrier industry. A McKinsey & Company report said that a fully autonomous trucking market would cut operating costs by 45 percent, saving carrier companies between $85 billion and $125 billion annually.
Predictive supply chain visibility platform FourKites has tripled its revenue since its Series B financing last year, and plans to expand its team, add features to its platform, and fund its zero deadhead initiative with the $50 million it has raised in the fresh round of investment this year.
Tesla’s acquisition Maxwell Technologies could have an impact on Maxwell’s fleet business, which counts more than 7,000 trucks using its products.
A new petition is seeking White House help to get two bills that would exempt most small trucking companies and owner-operators exempted from the ELD requirement reintroduced to Congress.
Convoy is now matching 100 percent of loads automatically in major markets, effectively eliminating the need for any person to call or communicate between the shipper and carrier.
Ruckit specializes in trucking management software for the heavy construction and materials marketplace and brings transparency by networking the TMS systems of the stakeholders involved in a hauling process.
With the growing complexity of supply chains, the technology advantage that managed transportation providers can provide becomes a key value-add for many shippers.
Workhound bridges the gap between fleets and drivers by actually listening to what drivers want and translating that into real-time actionable insights for fleets to help them reduce turnover.
Small, yet powerful satellites can now be deployed for just a fraction of the cost of more traditional satellites, potentially changing the way logistics companies access location and other data for assets.
Phil Connors, played by Bill Murray, is stuck in the same day, played out over and over again, in the film Groundhog Day. He repeats each day until he gets it right. In the real world, we don’t get the chance at a “do-over,” but delivery operations present an opportunity to do very nearly that.
A peer-to-peer delivery startup underscores what everyone knows but doesn’t always point out about the origin of sharing economy businesses – they draw on century-old practices common in developing countries.
JUSDA, a supply chain platform that spun off Foxconn Technology Group, has raised $356 million in its Series A round.
