Sotira, which is leveraging AI to help brands offload and capitalize on their surplus inventory, has raised $2 million in funding.
Seven-year-old electric vehicle startup Canoo has filed for Chapter 7 bankruptcy and announced an immediate halt to operations weeks after it furloughed its remaining workers and idled its Oklahoma factory.
Supply chain visibility firm Overhaul raised $55 million in funding to finance technology growth and acquisitions.
Intermediaries and incumbents roared back in the FreightTech 25 rankings during a protracted soft market for freight.
Speaking at FreightWaves’ F3: Future of Freight Festival, John Larkin, senior partner at Venture 53, discusses what he looks for in an early stage company.
MythosAI is a startup that is looking to fix one “Stone Age” aspect of shipping, according to the company’s founder.
FourKites’ president is no longer with the company. He joined in April. The visibility platform announced other new leaders on Wednesday.
A review of the state of SPAC-sponsored and other electrification startup shows a less-than-pretty picture.
A Q3 shipper survey by Morgan Stanley suggests the freight industry has moved “deeper into limbo” as completion of an excess inventory purge now leads to uncertainty as there is no immediate need to restock.
Your latest info on all things cold chain
Crstl looks to take on the digitization of transactions and data sharing between brands and major retailers like Walmart and Target.
The terms of the merger between the two rapid grocery delivery firms may look different than previously reported.
SimpliRoute, a route optimization firm based in Chile and available in 26 Latin American countries, has expanded into the U.S.
La startup tiene un enfoque único de distribución y monetización
The startup will hit an $11 million annual run rate in September.
Shareholder letters and earnings call transcripts don’t qualify as page-turning vacation reading. But they say a lot.
Meet Juliette, the laundry company founded by Rechelle Balanzat that’s using logistics to take its business to new heights.
Gorillas, a Berlin-based startup that delivers grocery, food and convenience items in 15 minutes or less, is laying off half of its employees.
Supply chain management platform Calico gets a boost from the decorated tennis star’s investment firm, Serena Ventures.
Top executives resigned at ELMS Inc. following a board probe into their discounted stock purchases before a SPAC merger.
Supply chain tech is increasingly driven by late-stage venture capital activity.
Podcaster Guy Raz has interviewed hundreds of founders, and they all have one thing in common: no fear of failing.
Last week’s Transfix, project44 and Emerge deals herald a maturing FreightTech space.
The next step is making deliveries to paying customers.
Talkshoplive and its embeddable player network received a huge boost with $6 million in funding.
Chattanooga VC firm is ready to find the next FreightTech unicorn.
The chaos of the past 18 months will usher in new investments in supply chain technology
Founders Camp, the Dynamo-powered event for founders and startup companies, will take place in November alongside FreightWaves’ F3: Future of Freight Festival in Chattanooga.
The capital will drive volume growth and help Baton expand to new markets.
Evan Efstathiou discusses why VCs are looking to invest more in maritime just as shipowners are looking to partner more with startups.
Koffie provides quotes based on individual truck characteristics within a day.
More venture capital flowing to maritime tech startups – and more shipping companies giving those startups a trial run.
DASH wants to land the package, not the plane.
Cowen Inc. helps bolster the balance sheets of startup electric vehicle companies by recruiting private investment in public equity to help young companies earn higher valuations.
A New York startup builds an AI model of the global supply chain.
Blue North executive Brit Fitzpatrick talks community support and female leadership in supply chain management during FreightWaves Venture Summit Tucked in the foothills of northern Kentucky, just outside Cincinnati, Brit Fitzpatrick is helping lead a successful supply chain development support company with Blue North. Blue North supports startups in their home ecosystem, fostering growth through […]
Mehta and Sweat are keeping a step ahead of the evolving supply chain startup market.
FreightWaves today announced FreightWaves for Startups, a new initiative aimed at helping startup companies grow into successful organizations.
Automated freight forwarding can transform the international shipment of perishable goods by bringing efficiency and transparency, Transship CEO says at American Shipper’s Global Trade Tech summit.
We talked to supply chain-focused investors about leveraging domain expertise to gain an edge.
At 28, Hyliion founder and CEO Thomas Healy is planning 15,000 global sales of his hybrid-electric powertrain systems for Class 8 trucks by 2024. A serial entrepreneur, Healy spoke with FreightWaves about his third startup — expected to go public before summer ends.
Surging shares in electric Class 8 truck maker Nikola Corp. could help show the way for other high-tech transportation companies this year.
Digital freight forwarding startup Beacon raises $15 million in Series A investment.
Workflow automation technology company RPA Labs has landed its first round of capital, netting $1.2 million in a pre-seed round. Schematic Ventures led the round, along with PSA UnBoxed (Port of Singapore) and other senior supply chain executives. RPA Labs is brand-new, having come out of stealth during the fall of 2019. The executive team […]
Magnus Technologies offers a solution that can run the entirety of a trucking fleet’s business operations over a single platform.
Brian Aoaeh interviews CEOs of several supply chain tech startups about their status during the pandemic.
By providing leases that include hydrogen and maintenance for its fuel cell electric trucks for seven years, Nikola projects it will generate $3 billion in revenue by 2024.
After shunning public ownership, fuel cell truck startup Nikola watched as the WeWork debacle made private fundraising harder. Its merger with VectoIQ brings in about $700 million to help pay to build Nikola’s Class 8 truck plant and the beginning of a hydrogen fuel station network.
Electriphi provides solutions for vehicle electrification and has developed a charging and operations management platform that is built over open standards.
U.K.-based Shipamax has raised $7 million to digitize and automate global logistics back-office functions. The Series A investment was led by Mosaic Ventures, with participation from existing investors Crane Venture Partners and Y Combinator. The funding will help Shipamax double in size over the months ahead and invest in engineering development as well as customer […]
Digital business-to-business freight marketplaceTrella helps reduce costs by automating logistics processes.
USMCA will cost automakers $3 billion in added tariffs; Chinese EV sales plunge; U.S. holiday season will see over $1 trillion in sales.
ArcherHub runs its own fleet that it uses as a backup for loads that go uncovered on its digital freight marketplace and thus guarantees hauls for every shipper.
Sune Stilling, head of Growth for Maersk, right, said the investment fund is focused on companies that keep the customer — not a billion-dollar valuation — in mind when developing their solutions.
Online freight logistics startup Shipwell has made all of its functionalities available through the REST API, which allows companies to integrate all or some parts of the functionalities into their own workflows.
London-based logistics startup tailored to ease e-commerce returns.
AI-powered driver behavior monitoring startup Nauto has launched a real-time, in-vehicle solution that helps reduce driver distraction on the road through targeted alerts and coaching.
ItsMyCargo is a German technology startup that is looking to sell software to traditional maritime freight forwarders who can use technology to compete against recently launched digital freight forwarders.
InstaFreight is a digital forwarding company that enables seamless logistics and provides shippers with greater visibility into road freight movement.
Charley Dehoney writes about Jelani Hawkins, a former NFL player who has gone into trucking. Read about his new career.
List of titles that founders in the FreightTech revolution should consider
Quebec startup prepares to enter U.S. market with digital platform offering smaller carriers easy accesses to trailers, and large fleets to minimize unused assets.
Digital freight-forwarding platform grows European business – and gains 10,000 connected vehicles – after an aggressive year for fundraising.
Revenue growth on negative unit economics is dead as a business model.
Parade helps freight brokers automate workflows, scale relationship management and grow digital bookings.
Fuel cell startup Loop Engency received a cash infusion from engine maker Cummins Inc. on Sept. 18. It was Cummins second investment in fuel cells this month.
Venture capital arm of Mexican building materials company makes an undisclosed investment in Ottawa-based firm that focuses on last-minute deliveries in the construction industry.
Volocopter builds autonomous electric air-taxis that resemble drones for short transits over urban spaces.
TruckIT connects dump truck supply with demand through its marketplace, which helps contractors to plan their needs better and truckers to make more money in the process.
Israeli startup TriEye has received investment from German carmaker Porsche as part of its $19 million Series A round of financing.
The transport industry is witnessing the rise of numerous technology startups, with investment pouring in from excited investors who envision a smart and connected future for transport.
A lot of things have to go right for DFBs to build a market large enough to justify their valuations.
The on-demand warehousing solution picks up leading logistics providers as customers.
Jenny Xu, FreightWaves’ former chief strategy officer, has taken a new position as chief executive of Carggo.
Brian Aoaeh has written a thought-provoking commentary on the impact of climate change on supply chains, and what governments, companies and startups can do to mitigate supply chain disruptions.
When Democrats took the stage for their first debate, infrastructure was hardly mentioned, and doesn’t appear to be a priority in this election cycle.
Cargo theft is a problem that has remained constant within the freight industry for many decades. Technology can now help supply chains protect their operations and repel hijackers.
Sentiment toward shipping tech has reached a new high point among startups, tech investors and vessel interests.
Relationships between OEMs and tech giants get complicated as the self-driving and mobility race heats up.
RIO aims to connect different stakeholders within the transport logistics segment and push the industry towards digitalization.
Agreement between Canada’s largest airline and Drone Delivery Canada creates a platform to roll out autonomous cargo aircraft on a large scale.
The technology provides a low cost alternative to GPS tracking.
Blockchain can help expedite customs procedures, reduce expenses and boost both global trade volumes and economic output.
Zipline operates autonomous drones across remote areas that are hard to reach by road, airlifting medicines during emergencies.
Today on WTT we take a deep dive into the Idaho Hemp Trucker fiasco with journalist, Linda Baker, CEO Jacob Findlay has some huge news concerning FullBay, McLeod announces two new products, plus all the latest headlines, Big Deal, Little Deal, and the very first Comment Section Rodeo!
All this and more now on WTT?!?
Einride has introduced a Level 4 autonomous electric truck that will transport cargo between a warehouse and a terminal in DB Schenker’s facility.
Cargo Chief provides freight brokers with a booking bot that gets carrier offers, counter-bids on loads and autonomously books load on consent.
Haven is introducing a track and trace solution that is both affordable and seamless to integrate within shipping workflows.
Market expert Brian Aoaeh explains why all of us should be rooting for Uber, Lyft and other startups. Read why!
Drivent is a self-driving technology company that is creating a suite of solutions that integrate with autonomous vehicles and provide exceptional user experiences.
Technology is reshaping the transportation and logistics world, bringing innovation, opportunities and threats to existing ways of doing business, journalist David Rowan, founding editor of Wired UK, said during a keynote at Transparency19. “Freight wasn’t one of the first, but it’s deep in it now. There are billions to be made if you see ahead,” […]
Over the last decade, J.B. Hunt has not only tripled in size, but has evolved from a big truckload and intermodal operator to offering dedicated services and what has turned into a billion-dollar brokerage and third-party logistics provider (3PL). The next stage, according to Shelley Simpson, the company’s chief commercial officer, executive vice president and […]
Lamenting the rise of “fake entrepreneurship,” wine critic turned author, investor and internet personality Gary Vaynerchuk delivered a funny, provocative critique of today’s overheated startup scene as well as legacy companies that fail to recognize the disruptive potential of innovation. “I’m fascinated by people’s inability to understand that technology changes culture,” said Vaynerchuk, a Belarussian-American […]
Dolly has raised $7.5 million in Series B funding, which is expected to expedite Dolly’s entrance into new markets and also help grow its operational and technical teams.
Kuebix has now integrated Emerge’s private freight matching marketplace into its platform, allowing its users to access broader truckload capacity for their shipping needs.
Amazon bowing out of China; U.S. doubles oil exports in 2018; electric scooters bite into dockless bike sharing market.
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.
FleetZoo is a delivery and service optimization startup that is solving the last-mile problem by providing a solution that lets companies optimize and visualize all their delivery routes in a matter of minutes.
Nikola Motors has the potential to disrupt the freight industry by building hydrogen fuel powered trucks and by setting up hydrogen fuel stations all across North America.
A recent article in Landline Magazine suggested that Truckstop.com’s new VC partner could merge the load board with Convoy or Uber Freight. This is unlikely to happen.
