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:…
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…
After 23 years of leading the creation and adoption of Amazon’s (NASDAQ:AMZN) dominant services, Dorothy Li, who announced Thursday she is joining the digital freight network Convoy as chief technology officer, described the transition in terms of its potential real-world…
On today’s episode, Dooner and The Dude are talking about how Booster Fuels is providing fleets with fuel on demand. Uber Freight has a digital freight market update. Legend Transportation guides us on how to preserve relationships in a volatile…
An Ohio-based transportation company and three of its trucking company affiliates filed for Chapter 11 bankruptcy protection, despite receiving loans through the U.S. Small Business Administration’s Paycheck Protection Program (PPP) to stay afloat during the COVID-19 pandemic. 5AAB Holding LLC…
Embark Trucks Inc., the first autonomous trucking software company to hit the highway, is the latest to join the SPAC parade to public trading. The Mountain View, California, startup, founded in 2016, completed a 2,400-mile cross-country trip from Los Angeles…
Transmission is sponsored by AIT. Most automakers rely on “just-in-time” manufacturing to optimize production. That model requires precise coordination throughout every link in the global supply chain. And that’s where AIT Worldwide Logistics comes in. AIT’s automotive logistics professionals are…
Multi-month container-ship charters continue to be signed at jaw-dropping rates above $100,000 per day. The market is getting even tighter, pushing charter rates and durations higher still. Even so, there’s something to be said for shipowners taking a few chips…
At a time when supply strains are stretched to the maximum, any disruption, no matter how modest, is magnified. So it is at the Port of Savannah in Georgia, where dredging activity to deepen berths is delaying cargo transfers for…
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