Logistics

ASG announced Tuesday that it has acquired digital freight management platform Trucker Tools. The business sold for $65 million according to Pitchbook data compiled from the SEC. ASG buys, builds and operates vertical software-as-a-service (SaaS) companies as a portfolio company of Alpine...

To view more FreightWaves infographics, click here. Image by Renee Gaudet from Pixabay

Berlin-based Forto, a digital freight forwarder also known as FreightHub, announced Monday it has secured $240 million in a Series C round led by SoftBank Vision Fund 2. Past investors Northzone, Iven Capital, Cherry Ventures and Unbound and newest investors Citi Ventures and G Squared also...

Transportation and Logistics Systems Inc. (TLSS) (OTC: TLSS) announced Monday it entered into an agreement on Tuesday to acquire all of the outstanding shares of SalSon Logistics. The Jupiter, Florida-based e-commerce fulfillment provider said the $90 million purchase price includes $50 million in...

Amazon Inc. (NASDAQ: AMZN) is purchasing 1,000 trucks with high-autonomy software from startup Plus in a deal giving the e-commerce giant a 20% stake in the company. Hennessy Capital Investment Corp. V (NASDAQ: HCIC), the special purpose acquisition company (SPAC) sponsoring Plus for public...

Berkshire Grey has unveiled its next-generation picking robots for fulfillment operations. The Intelligent Enterprise Robotic (IER) picking and mobility robots utilize artificial intelligence to offer lower cost points and shorter delivery times while expanding the number of SKUs the robots can...

The week of Amazon's (NASDAQ: AMZN) Prime Day event is finally here, but the upcoming week includes some big names' earnings reports, such as Nike (NYSE: NKE) and FedEx Corporation (NYSE: FDX), along with a new round of economic reports, including the GDP. Monday- No Major Earnings Reports...

Uber Technologies (NYSE: UBER) is acquiring the remaining shares in Cornershop, an on-demand grocery delivery platform. According to a Securities and Exchange filing this past weekend, Uber will acquire the remaining 47% of the company it doesn't already own. Cornershop CEO Oskar Hjertonsson...

For Omnitracs, patent number US 9,147,335 B2 — also known as "System and method for generating real-time alert notifications in an asset tracking system" — is key to its position as a leading fleet management software company.  It's why Omnitracs filed a lawsuit last year against Platform Science...

The ordering frenzy for new trailers came to an abrupt halt in May as fleets heeded manufacturers' pleas to avoid placing bookings they could not build.  But boy, wait 'til next year. "The market is in a strange place right now in that the bucket for 2021 orders is almost full, but the bucket in...

Driver shortages and chassis availability at intermodal terminals continue to be an issue for customers, particularly in Southern California and the Midwest, according to service advisories from ocean carriers Hapag-Lloyd and Maersk. According to a Hapag-Lloyd advisory from last Friday, average...

Kinaxis, a supply chain management company, has released a new application called RapidResponse that it says will enable Kinaxis' customers to optimize their current capacity, reducing freight spend and carbon emissions for overall supply chain sustainability. The new application is the result of...

Walmart (NYSE: WMT) is getting into the drone business. The company announced on Thursday that it was making an investment in DroneUp, a provider of drone services. The announcement appeared on the company's corporate blog in a post written by John Furner, CEO and president of Walmart U.S. "Last...

In the U.S., 30%-40% of food produced is wasted, according to the EPA. Food waste can occur on farms, in the supply chain, at stores and in homes. How much of that spoilage occurs in supply chains? A lot — about one-third, according to Shipwell. The carbon footprint of food waste in the U.S. is...

Canadian railway CN (NYSE: CNI) continues to report that it is receiving support for its proposed acquisition of Kansas City Southern (NYSE: KSU). CN's efforts to lobby for public support of a merger between itself and Kansas City Southern (KCS) come as the Surface Transportation Board (STB) is...