In the transportation and logistics circles, blockchain has been an enigma – a technology that holds extensive promise on paper, and yet on the flip side, is extremely hard to implement.
Descartes Systems Group (NASDAQ: DSGX) has completed its acquisition of Management Systems Resources according to a Descartes press release.
Plus One Robotics helps warehousing robots get scene perception, allowing them to identify and pick parcels from a cluttered pile.
Bergevin, Cristol, and Stauffer want to attack fundamental problems affecting the whole supply chain beyond truckload arbitrage.
January used to be known as the worst month for freight, but consumer trends are starting to change that.
Technology Crossover Ventures (TCV) has made a $200 million minority investment in Finland-based RELEX Solutions (RELEX), a leading provider of retail planning solutions – including supply chains – according to a RELEX press release.
Indigo Agriculture has recently launched Indigo Transport, a digital logistics platform designed to connect shippers and carriers to more efficiently haul agricultural products.
Predictive supply chain visibility platform FourKites has tripled its revenue since its Series B financing last year, and plans to expand its team, add features to its platform, and fund its zero deadhead initiative with the $50 million it has raised in the fresh round of investment this year.
Supply chain investments are helping retailers meet the inventory challenges of a growing market, the National Retail Federation (NRF) reported today in its 2019 retail sales forecast.
Foxconn Technology Group (OTC US: FXCNY) created more uncertainty for its suppliers on Friday when it announced that it’s recommitting to building a liquid crystal display monitor (LCD) factory in Mount Pleasant, Wisconsin according to the Wall Street Journal.
Saudi energy minister Khalid al-Falih announced on January 26 that the country is raising $426 billion in private sector investments, which will include roughly $36 billion for logistics infrastructure according to Reuters.
Ruckit specializes in trucking management software for the heavy construction and materials marketplace and brings transparency by networking the TMS systems of the stakeholders involved in a hauling process.
With the growing complexity of supply chains, the technology advantage that managed transportation providers can provide becomes a key value-add for many shippers.
The Grain Transport Report, a weekly publication by the Agricultural Marketing Service (a division of the U.S. Department of Agriculture) released information showing that total export inspections for grain (corn, wheat and soybeans) declined 22 percent from the previous week.
Small, yet powerful satellites can now be deployed for just a fraction of the cost of more traditional satellites, potentially changing the way logistics companies access location and other data for assets.
JUSDA, a supply chain platform that spun off Foxconn Technology Group, has raised $356 million in its Series A round.
The Agriculture Improvement Act of 2018 removed hemp from the Controlled Substances Act and opened the door for interstate hemp transportation. Now hemp manufacturers are mobilizing to establish supply chains to move their crops.
Desktop Metal, an additive manufacturing [3D printing] firm which specializes in metal printing, announced last week that it raised $160 million from a financing round led by Koch Disruptive Technologies (KDT), a subsidiary of Koch Industries.
Apple’s manufacturing partner Foxconn Technology Group, which assembles Apple’s iPhone product in China, announced on Saturday that it has raised over $213 million for what it described as a “mega-development” in India.
For-hire truck tonnage posted its best yearly growth since 1998, but a decline in ATA’s Index at the end of the year indicated some softening.
