Waybridge, a supply chain platform for raw materials, recently announced it has raised $30 million in Series B funding. The round was led by Rucker Park Capital and Craft Ventures with participation from past investor Venrock. The company has raised…
Updated May 18, 2021 at 5 p.m. ET. According to the Louisiana Department of Transportation and Development (DOTD), two of three lanes are back open on Interstate 10 eastbound at Siegen Lane in Baton Rouge. The Siegen Lane eastbound onramps…
LATAM Airlines Group has increased its order for 767-300 converted freighters from Boeing (NYSE: BA), nearly doubling the size of its freighter fleet by the end of 2023 and reducing the average fleet age from 17 to 14 years, the…
The U.S. trucking industry grew in the years following World War I. Nonetheless, the industry was still in its early days, and railroads were the primary method of transportation for goods from point of manufacture to point of sale. Early…
By Larry Kerr, president of EBE Technologies Receiving rate contracts has not changed much over the years. They arrive through EDI, email, load boards and even fax. Ideally, all rate contracts would be EDI based. EDI — electronic data interchange…
The Blockchain in Transport Alliance (BiTA) hosted a public-facing webinar last week to celebrate the four years of its vibrant community and its path forward in the exploration of blockchain technology’s applicability to the challenges of modern supply chains. Viewers…
The development trajectory of electric aircraft received a big boost on Tuesday when BETA Technologies announced it had raised $368 million in a private round of fundraising led by Fidelity Management & Research Company. Additional investors included Amazon’s Climate Pledge…
A powerful storm that wrecked havoc Monday in Nuevo Laredo, Mexico, has caused a freight slowdown at the commercial border crossing in Laredo, Texas. “Due to last night’s storm, power on the Mexico side is out and affecting north and…
Prices of newer used trucks with low mileage are reaching historic levels with new truck deliveries slowed by supply chain issues and an ongoing shortage of microchips. “[Auction] pricing for trucks with under 600,000 miles is in the stratosphere,” J.D.…
On Tuesday, Arrive Logistics, a freight brokerage based in Austin, Texas, launched an online freight portal called Carrier EDGE and a partnership with TriumphPay, both aimed at creating an elevated experience for their carrier partners. “We’re really excited to add…
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