Shippo, an e-commerce shipping platform, has announced it has raised $50 million in new funding led by Bessemer Venture Partners. The company has raised a total of $154.3 million since 2014. This round has pushed Shippo to unicorn status, now…
Old Dominion Freight Line (NASDAQ: ODFL) reported Thursday that the high-demand environment continued through May. The less-than-truckload carrier said May revenue per day was up 47.6% year-over-year, which followed a more than 50% increase in April. The comparisons to the…
Residents of select New York City neighborhoods may feel like they are dreaming, but 15-minute grocery delivery has arrived. JOKR, which has already launched in Mexico City, Lima, Peru, and Sao Paulo, makes its official debut Thursday in the New…
Unseasonable heat will continue to scorch several areas of the West. Record highs in the 90s and above 100 degrees were tied or set at nearly a dozen official reporting stations in California, Washington, Oregon and Idaho. It could happen…
Skyrocketing demands for e-commerce have supply chains scrambling to adapt and transition to more sustainable operations. A DHL white paper released Thursday explores the technologies that need to be further developed and the ways that e-commerce has a net-positive impact…
The Daily Dash is a quick look at what’s happening in the freight ecosystem. In today’s edition, we highlight second-quarter updates from ArcBest and Saia, a $50 million round of funding for Locus and more. The High Five 1. A…
There are more than 5.8 million vehicle crashes each year in the United States. About 21% of these crashes — more than 1.23 million — are weather-related, according to the National Highway Transportation Safety Administration. The U.S. Department of Transportation…
Chicago-based Redwood Logistics has announced it acquired Skipjack Supply Chain, a multi-carrier software-as-a-service (SaaS) parcel platform, and Proactive Global Logistics (PGL), a non-asset-based parcel service provider, to create an integrated solution named Redwood Parcel. “Redwood customers can now enjoy a…
Demand for rail equipment and railcars is likely to grow in 2022 and 2023 as customers become more confident about economic recovery in North America, according to rail experts with consulting firm FTR Transportation Intelligence. “The rail equipment market is…
Production workers. Service technicians. Parts depot staff. Daimler Trucks North America (DTNA) is short of all of them, exemplifying how hard it is to keep up with a hot economy following a pandemic, recently named CEO John O’Leary said. “It’s…
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