Plus, FedEx and UPS harness AI in logistics, South America's trade scene challenges Panama Canal's constraints, and Estes navigates a disruptive cyberattack.
While trade activity escalates in South America, influenced by diversified sourcing strategies, the Panama Canal continues to face drought-induced challenges.
Estes grapples with a cyberattack. This comes just weeks after Yellow accepted Estes' $1.3B bid for its terminals.
San Francisco-based FreightTech company CloudTrucks, which has raised approximately $142 million since its inception in 2019, has laid off an undisclosed number of its workforce due to a challenging freight market, with a source suggesting up to 40% of employees were affected. CEO Tobenna Arodiogbu emphasized the need to maintain competitive rates and to serve customers efficiently, while expressing gratitude for the contributions of departing employees.
Source: FreightWaves
Like many FreightTech companies that have laid off workers in recent months, CloudTrucks blames the declining freight market for the job cuts.https://t.co/zyfDCIgnES
— FreightWaves (@FreightWaves) June 1, 2023
Click here to watch our interview on YouTube. Click here to listen to our interview on Spotify. FreightCaviar hopped on
Key players FedEx and UPS announce new automation partnerships, furthering the conversation on how advanced tech influences worker negotiations.
Owing to battery supply chain issues, Tesla's CEO Elon Musk has announced that large-scale production of the company's electric Semi truck will be delayed until the end of 2024.
By Adriana Pulley Locus Raises $117 Million To Advance Warehousing Another win for robots! Locus Robotics, based in Massachusetts, has
Subscribe to our free tri-weekly newsletter for the latest in freight news and entertainment.
