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…
A decision by a federal appeals court on Monday could allow California to begin enforcing its independent contractor law over the trucking industry in as soon as one week. In a 2-1 decision, the U.S. Court of Appeals for the…
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…
Enstructure to acquire Patriot Ports Wellesley, Massachusetts-based terminal and logistics company Enstructure plans to acquire Patriot Port Holdings, a sister company of short line operator Patriot Rail, as a way to expand its presence along the East Coast and at…
Electric Last Mile Systems (ELMS) will debut the second of its fully electric delivery vehicles at the upcoming Route Consultant Contractor Expo on July 30-31. The event is the largest FedEx Ground contractors event in the country and will be…
The current situation at most U.S. ports is historic in many ways and has and is being covered by FreightWaves’ journalists and market experts. Accumulating supply side disruptions are keeping upward pressure on ocean container rates, while already heightened levels…
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…
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)…
Mexican authorities said they have recovered most of a shipment of bullets stolen from two U.S.-bound tractor-trailers in central Mexico June 9. About 5 million bullets were found in the Mexican municipality of San Luis de La Paz in the…
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…
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