Nikola Corp. maintains it can raise capital through equity sales, but its auditor says that’s uncertain, prompting a notice of going concern.
Will new leadership be enough to save the FreightTech company?
Autonomous truck convoy developer Locomation denied reports it is closing, but said it laid off most non-engineering employees.
Nikola is still far from positive financial territory, but the integration of major components should help bring costs down.
What does it mean to have a former Daimler Truck executive in charge of Torc Robotics? Experience guides a big mission focus
“We knew the port terminals, we understood their operations, but mostly we understood their systems and data. We thought we could be the bridge that wasn’t created before that could speak both parties’ languages and get containers in and out,” said BlueCargo co-founder and CEO Alexandra Griffon.
Nikola customers will test Plus autonomy on the startup’s battery and fuel cell electric trucks this year and make it standard in 2024.
Supply chain veteran and patent holder Julian Van Erlach explains how FabFitFun continues to ship “more gross profit dollars per package.”
“The digitalization of trade documentation is in full swing worldwide, and companies need all the support and advice they can get to implement the optimum solutions into their everyday workflows,” said CargoX CEO Stefan Kukman.
How long will incentives drive the transition to electric trucks and help pay for the infrastructure that powers it? It’s going to be awhile.
Austin, Texas-based Overhaul has acquired SensiGuard in a deal aimed at increasing the supply chain security firm’s global footprint.
“The new model is flexible and brings together dedicated support teams highly trained on one or a few shippers’ needs and operating requirements,” said Convoy founder and CEO Dan Lewis.
Just as the name suggests, Get It There Faster helps shippers easily move LTL ground and air freight, instantly bringing expedited rates to their TMS platforms.
A year ago, they fought over patent infringement. Now Ouster and Velodyne are one company seeking to win in the overcrowded lidar market.
Supply chain software provider Descartes announced Tuesday the acquisition of final-mile tech platform GroundCloud.
Convoy is looking to improve the contracted freight market for small carriers and shippers with forever-evolving freight needs.
Supply chain technology provider Trimble Inc.’s transportation revenue was $150 million in the fourth quarter and $604.2 million in 2022.
Amid recession fears, industry experts reveal freight’s most untapped differentiator— next-generation weather technology.
Less-than-truckload booking platform MyCarrier is automating insurance coverage for the 10,000 shipments it is booking daily.
In the inaugural Moving World Report, UP.Partners dives deep into what drives today’s mobility industry — and examines what’s holding it back.
