Logistics payment software RoadSync announced Thursday it has raised $30 million in Series B funding led by Tiger Global with participation from Base10 Partners, Hyde Park Venture Partners and its new investor, Gaingels. The company has raised $38.3 million since…
Driver recruitment and retention remains the top priority throughout the trucking industry. Estimates suggest more than 200,000 qualified CDL holders are no longer operating due to headwinds created by the pandemic as well as increased compliance with the Drug &…
Didi Global operates in 16 countries, but 90% of its revenues come from China. In 2020, the ride-hailing giant saw its business plummet due to lockdowns related to COVID-19 and lost $1.6 billion on $21.6 billion in revenue, a 10%…
Add Canada’s WestJet to the growing list of passenger airlines creating all-cargo fleets to grab a piece of the booming e-commerce market and diversify their business. On Wednesday, Calgary-based WestJet announced it will acquire a small fleet of converted Boeing…
ShipHero, a New York-based e-commerce software and fulfillment provider, announced Thursday morning that it raised $50 million from Riverwood Capital. The deal values the company at $225 million post-money. The investment represents the first institutional money ShipHero has taken on:…
To view more FreightWaves infographics, click here.
Truckers will hit more nasty storms and torrential downpours the next few days from the Plains to the Midwest. Some parts of these regions suffered wind and hail damage the past two days, with more waves of storms lasting through…
The Daily Dash is a quick look at what’s happening in the freight ecosystem. In today’s edition, we highlight an acquisition for Hirschbach Motor Lines, a new software platform for drayage shippers and more. The High Five 1. Refrigerated carrier…
Less-than-truckload carriers have quietly been using a high-demand, tight capacity environment to cull less profitable freight from their networks for months now. Most of the actions have included rate bumps and stricter enforcement of accessorials and detention fees in efforts…
Nikola Corp. (NASDAQ: NKLA) is making hydrogen more than a West Coast thing, investing $50 million in clean hydrogen for use in fuel cell trucks for customers in the Midwest. The startup electric truck manufacturer is taking a 20% stake…
Recent Comments