The breakup with Navistar is a big deal for autonomous truck developer TuSimple, but its balance sheet could limit reputational damage.
“Whether a company is big or small, they all need to provide visibility to their customers. … If a company can’t provide delivery dates, process inventory efficiency and delivery on-time then the customers will go somewhere else,” said project44 founder and CEO Jett McCandless.
“Now, stone yards across the country can get on our site, find a load of stone, get the shipping cost and book a truck in a matter of minutes,” said StoneLoads CEO Patrick Wells.
Einride has raised $500 million through a combination of equity and debt financing, giving it more funding to accelerate deployment of its autonomous and electric vehicles.
The industry’s first autonomous trucking marriage between TuSimple and Navistar is the first to end in divorce.
It is not exactly a fundraising round, but Kodiak Robotics is generating $49.9 million in autonomous work for the U.S. Army
“Scheduling appointments at facilities is one of the most common activities in trucking, but it is also one of the most fragmented and offline,” said Dan Lewis, co-founder and CEO of Convoy.
As digital freight technology becomes more mainstream, carriers aren’t quite ready to lose the human element entirely.
Rail and truck TMS plans to add ocean and barge.
Cummins Inc. closed the $197 million purchase of Siemens’ Commercial Vehicles business, a deal originally struck by Meritor.
OneRail plans to scale sales, marketing and data science.
AWS Supply Chain has launched an application to unify supply chain data from multiple systems and vendors.
With Ditat, carriers do not need to have their own experts on staff or hire a third-party developer to set up an EDI connection. They just need to reach out to customer support, which will take it from there.
The blockchain-enabled global platform TradeLens will go offline by the end of the first quarter of 2023.
OmnisTMS enhances its truckload pricing engine with high-frequency spot rates.
Netradyne’s Kristin Tedesco outlines the many ways fleets can engage with their drivers and show thanks this holiday season.
Upgrading your TMS will only be more difficult the longer you wait.
“The procurement of industrial products and spare parts is at a critical crossroads as the global supply chain is faced with unprecedented headwinds,” said Chris Lawrence, managing partner at Labyrinth Capital Partners.
Surge Transportation’s Omar Singh explains why partnerships are still key in the platform’s digital model.
Hydrogen fuel cell truck maker Hyzon Motors faces Nasdaq deadlines after missing a financial filing for the second consecutive quarter.
