funding

The digital trucking platform partners with CoVenture for up to $100 million in debt to accelerate its financial services.

Obtained documentation shows Transfix is looking to raise funds at a $376 million valuation.

With a valuation of close to $2 billion after its latest round of funding, Locus is “ready to go” for IPO.

The robotic fulfillment and inventory optimization software provider looks to continue growth and expansion.

Supply chain management platform Calico gets a boost from the decorated tennis star’s investment firm, Serena Ventures.

See the top 10 highlights by funding level

Restaurants impacted by recent disasters such as Hurricane Ida and the California wildfires are eligible to apply.

Funding from the fifth round of FY 2021 Airport Improvement Program grants

COVID-19 stimulus funding for transportation in the CARES Act and Supplemental Bills

Fetch Package has created a last-mile logistics solution to optimize deliveries to multifamily housing communities, eliminating the need for updated package rooms or lockers and increased staff to handle incoming traffic.

“Drayage is one of the biggest pain points for shippers right now,” said industry entrepreneur Andrew Leto.

Netradyne says it has been able to reduce distracted driving cases by 60% and improve following distance by 76%, leading to its global customers’ insurance claims dropping by 82%.

Walmart International bought a 77% stake in the India-based e-commerce shopping portal in 2018.

“The rapidly legalizing cannabis market will be one of the first entirely new regulated supply chains to be built after the invention of the internet.”

The company’s mission is to create the first logistics company that serves all humans equally.

“Our goal is to empower brands and make it easy for them to scale. As these brands scale, the warehouses experience growth as well,” says Flowspace CEO Ben Eachus.

According to Bank of America and McKinsey, 10 years of expected e-commerce growth penetrated in three months’ time.

US DOT awards $478 million in airport infrastructure grants to 232 airports in 43 states.

Experts say Aussie trucks should be widened a tiny amount… but officials ain’t listening. Also: truck driver funding; fatigue; drugged drivers.

Tesla to raise $2 billion for increasing cash flow; Amazon has launched in Arabic in the Middle East; oil prices to remain high through the year.

Funding for FreightTech, software companies that aid in the movement of freight is rapidly increasing.

STORD simplifies the distribution experience of shippers by networking with warehouses and carriers, and providing shippers with warehousing capacity and transportation based on their needs.

Cosco Shipping Logistics, JD Logistics and Orient Overseas International Ltd. (OOIL) indirect subsidiary “Gold Talent” have inked a complex joint venture deal to fund online international supply chain platform Eshipping with, ultimately, US$44.7 million of capital.

Down Under Trucking: a round-up of news, information and the latest developments from the Australian trucking industry. Top news this week is the announcement of a A$2 billion (US$1.4 billion) road safety funding package by the Australian Prime Minister, Scott Morrison. Funding was a big theme this week, as was driver safety, road safety and fatigue.

VayaVision, a startup that develops perception software for autonomous vehicles, today announced that they are the recipient of a €2.45 million SME Instrument Grant from the European Innovation Council (EIC) to support its expansion into the European market.

Despite the temporary end to the government shutdown announced late Friday, the U.S. Census Bureau failed today to release its report on manufacturers’ durable goods shipments, inventories, and orders for the month of December 2018.

Freight lobbyists are banking on leadership changes in the 116th Congress to pave the way for infrastructure financing that stalled during the first half of Trump’s administration.

Bellhops Moving, a startup based in Freight Alley, set a new fundraising record for the area on Tuesday with a $31 million Series C round.

Loadsmart, a logistics technology company that uses data analytics to provide instant quotes and capacity, has raised its Series A financing led by Maersk Growth.

Shipwell, a freight shipping platform that makes shipping a seamless experience for SMEs, has raised $10 million in its Series A financing round, led by Fifth Wall VC.

The company provides location-specific, short-term weather forecasts by utilizing hyper-sensing technologies like wireless communication networks instead of depending solely on government radar.

We spoke to T Rowe Price VP Andrew Davis about how traditional investors’ view of the digital brokerage had changed over time.

This is all part of the startup’s mission to help independent ecommerce businesses battle giants like Amazon.

In their fifth round of funding, Brazil-based freight broker CargoX has raised an additional $60 million.

Nikola Motor Company raised over $100 million in August, and the company’s CEO Trevor Milton expects its $200 million C round to be oversubscribed. Nikola boasts a $1.1 billion pre-money valuation.

Arrive Logistics, one of the nation’s fastest growing brokerages with offices in both Austin, TX, and Chicago, has received a Series A round of funding led by Lead Edge Capital.

Investors are flocking to the freight industry with million-dollar investments for startups, but what do those investors look for in companies before making an investment?

There are times in every business owner’s life when you need cash. The business has hit a rough patch, an unexpected expense has arrived, or a new business opportunity has presented itself, but you don’t have the money to take advantage. So how do you get the money?

One of the early entries in the so-called and really misnamed “Uber for trucking” movement, Convoy found immediate backers with the likes of Jeff Bezos, Marc Benioff and Henry Kravis when it launched in 2015. Since then, hundreds of companies have tried to enter the field of digital freight matching, including Uber itself this year. […]