Nearshoring works when teams stay. Explore how Rapido’s training-driven, people-first model creates long-term value for logistics operations.
Plus: states unite to curb trucking fraud, Transfix’s full shift to freight software, renewed questions over FMCSA’s chameleon carrier system, and more.
Here is another round-up of the most engaging and talked-about freight content from around the web and from us.
Truckstop acquires FreightFriend, utilizing AI to enhance freight matching activities and empower brokers and carriers with streamlined operations.
In a humorous tweet, Reed Loustalot pokes fun at a TMS (Transportation Management System) company that boasted on its website
In response to declining revenues and freight market downturn, Freightos reduces staff by 13% and further lowers its 2023 revenue outlook.
Nikola Corp. delivers a significant number of battery-electric trucks and receives a grant to build hydrogen refueling stations, pushing forward in the zero-emission space.
FreightTech sector maintains investor interest as Cart.com, Nuvocargo, and Cargobot secure $102 million in collective funding for expansion and innovation.
Warehouse tech startup Dexory secures $19 million in Series A funding to expand its AI and autonomous robot-driven inventory management solution.
Digital freight platform Convoy reduces staff and witnesses co-founder Grant Goodale's resignation, as the company adjusts to industry shifts.
Drivingforce, born out of Y Combinator, came out of Stealth mode this week. It addresses unique industry challenges for trucking
Alvys, a cloud-based TMS, has secured $6.3M in a seed round led by Bonfire Ventures and featuring participation from
Rose Rocket, a software-as-a-service transportation management system (TMS) founded in 2015, has raised $38 million in a Series B funding
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.
Sequoia-backed Next Trucking is up for sale amidst a trucking slowdown. With revenues and EBITDA below expectations, it may face a steep discount from its last $500M valuation.
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