Supply chain

Freight tech investing hits $11.7 billion through third quarter, Pitchbook report says

It’s been another banner year for venture capital (VC) investment as investors sunk $11.7 billion in supply chain technology across 371 deals during the first three quarters of 2019, according to a report released by Pitchbook on Dec. 6. In 2018, VC investors funneled a record $19.3 billion into freight technology services across 534 deals. […]

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Going whole hog: Smithfield carves out leading position in pork supply chain

Several years ago Smithfield Foods, the world’s largest pork processor, initiated a plan to overhaul its logistics network, which at the time included a fleet of nearly 6,500 third-party trucks traveling more than three million miles weekly.  The changes included ramping up direct shipping to customers; optimizing its dedicated fleet and increasing use of newer, […]

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Geolocation startup Hoopo announces partnership with Polymer Logistics

On the heels of its $3.5 million funding round, geolocation startup Hoopo has announced a new partnership with Polymer Logistics, a provider of “retail returnable” packaging products such as pallets and containers. The purpose of the partnership is to increase product freshness, reduce food waste and cut costs along the supply chain. An initial trial […]

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Sustainability spices up McCormick & Co. supply chain

McCormick & Co., the Baltimore-based maker of spices and seasonings (NYSE: MKC), stands out in the consumer food products sector for its aggressive pursuit of eco-friendly practices. “McCormick has embraced sustainability in the supply chain,” said Ted Stank, a professor of supply chain management at the Haslam College of Business at the University of Tennessee. […]

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FreightWaves Staff Wednesday, May 29, 2019

DrayNow is newest member of the Blockchain in Transport Alliance

DrayNow, the first real-time marketplace connecting intermodal freight with carriers, has joined the Blockchain in Transport Alliance (BiTA). BiTA is developing best practices and standards for blockchain in the transportation industry. Blockchain is an open, distributed digital ledger that can record and share transactions between two or more parties efficiently, securely and permanently. Blockchain enables […]

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Todd Maiden Tuesday, May 7, 2019

Intersection of logistics, technology and venture capital – freight tech companies changing the future of freight

Take an antiquated trillion dollar industry, machine learning and artificial intelligence, investors chasing higher yields and a few industrious solutions-oriented individuals and you get an emerging industry – high-growth freight tech. This was the conversation of the High-Growth CEO Panel at Transparency19. John Engstrom, Vice President of Investment Banking Transportation and Logistics at Stifel, moderated […]

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