Technology

Moves similar to blackjack tactics describe how cash-poor transportation startups are grasping for new capital.

“Leadership has got to make sure they have the right information, as well as the right driver at the right time for the right reason,” said Lytx’s Jeff Martin.

While AI technologies have the potential to transform the shipping and logistics industries, their success takes careful and strategic planning.

In the post-pandemic pivot from just-in-case to just-in-time manufacturing, digital freight network Convoy has launched a service to help shippers and carriers manage risk.

Hyliion Holdings has enough cash and investments to run its business through 2024 without raising new capital.

Hyzon Motors is willing to consider selling itself or merging to keep making progress on its fuel cell system.

Cash-strapped electric bus and battery maker Proterra Inc. sought bankruptcy protection Monday and plans to operate during reorganization.

“…at FreightVerify, it is a distinct honor to play a role in the industry’s transformation,” said FreightVerify’s Greg Nelson.

Asset sales in Q2 helped Nikola add cash to its balance sheet, but losses widened as ramp-up of fuel cell trucks consumed cash.

“Part of what worries us about trucks, in particular, is that the truck vehicle networks weren’t really designed to be put on the internet,” said NMFTA’s Ben Gardiner.

Could Kodiak leverage some of the work Navistar has in on a redundant chassis for a Class 8 autonomous truck?

Supply chain technology provider Trimble posts impressive Q2 results and says truck spot rates may have “bottomed out.”

Kodif’s founding team showcases experience, resulting in the development of a technical product that empowers even those lacking technical proficiency to effectively utilize it.

“The discussion of reducing the de minimis back to the $200 threshold could impact e-commerce retailers with high-value products by increasing costs,” said BoxC Logistics co-founder Chad Schofield.

“In an era where financial empowerment can impact the success of companies and the livelihood of small business owners, we’re making sure the trucking community can take advantage,” says OTR CEO Fritz Owens.

Uber Freight’s negative EBITDA was improved from the first quarter, but revenue has declined steadily for more than a year.

“The establishment of a Silicon Valley-based technology lab is a natural evolution for Ryder,” says Ryder’s CMO.

J.B. Hunt Transport is helping Nikola reduce its inventory of battery-electric trucks and adding to the order bank for fuel cell models.

Transportation spend optimization is a shipper’s secret weapon to transform its spend management process, improve inefficiencies, and reduce complexities and operational risk.

Investor confidence coincidentally clashes with an executive’s stock sales at autonomous trucking developer.