SoftBank
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News
Today’s Pickup: Costco lags in online grocery delivery
Plus: Port of Everett lands new tenant; biodiesel trumps other clean fuels in California and Europe gets a luxury CBD…
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Logistics
Today’s Pickup: Colombian logistics boom
Plus: SoftBank's wager, the ownership economy and ride-sharing in Uganda
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Equipment
GM autonomous vehicle subsidiary Cruise nabs $1.15B investment
Cruise Automation, the autonomous vehicle startup acquired by General Motors (NYSE: GM) in 2016, has secured an equity investment of…
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News
Uber to sell minority stake of its autonomous vehicle unit to Japanese consortium
Uber is planning to sell 14 percent stake on its autonomous driving division for $1 billion to investment firm Softbank,…
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News
FreightTech investment surges in 2019
The total amount of investment during the first quarter – $1.6 billion – is more than half of the $2.9…
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News
Today’s Pickup: Lyft is now LYFT: NASDAQ
Plus: Grocers adopt AI; surge in immigrant truck drivers; California’s latest emissions bill
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Autonomous Trucking
Uber and Waymo seeking outside funding for autonomous tech
Uber and Waymo are admitting they don’t want to commit the resources necessary for autonomous tech to be commercially viable.
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Container
Flexport flies like a unicorn with $1 billion financing round led by SoftBank
Up-and-coming freight forwarder aims to flip script in how to reach customers and Japanese fund is on board for that.
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News
Rumors fly over alleged $500 million Softbank-Flexport deal, as companies stay mum
San Francisco-based logistics provider Flexport is rumored to be in talks to raise about $500 million in a deal lead…
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Autonomous Trucking
Moody’s suggests that autonomous vehicle startups have inherent disadvantages
The credit rating agency says that well-capitalized, risk-sharing joint ventures between incumbent automakers have the best chance of successfully bringing…
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