Digital freight platform Redwood Logistics announced Tuesday a partnership with project44, the recently recognized unicorn of real-time visibility platforms, to provide an enterprise-grade integration that will give Redwood customers visibility into multiple modes of transportation. As part of the partnership,…
Overhaul, a real-time visibility and risk management platform, announced Tuesday it has raised $35 million in Series B funding led by Macquarie Capital, with participation from past investor Edison Partners and Avanta Ventures, the venture arm of CSAA Insurance Group.…
The Daily Dash is a quick look at what’s happening in the freight ecosystem. In today’s edition, we highlight the latest companies with salary increases for drivers, a layoff at a processing and distribution center in Texas and more. The…
It’s a seemingly basic shipping formula: Liners operate a fleet of container vessels, whether owned or chartered, with total capacity measured in twenty-foot equivalent units (TEUs). The more TEUs of cargo that liners can load per TEU of fleet capacity,…
As chief scientist for Uber ATG – the company’s self-driving vehicle division that was sold to Aurora in December 2020 – Raquel Urtasun played a firsthand role in developing the technology that powered the division’s vehicles. With nearly two decades…
Less-than-truckload carrier Yellow Corp. (NASDAQ: YELL) reported large year-over-year improvements in its operating metrics through the first two months of the second quarter Monday. However, the increases lagged those of some competitors. Table: Company reports Of the publicly traded LTL…
The weekly average retail diesel price of the Department of Energy/Energy Information Administration rose Monday to $3.274 a gallon, an increase of 1.9 cents per gallon. Given recent increases in both commodity and wholesale prices that had not been reflected…
The U.S. Department of Justice has seized $2.3 million worth of Bitcoin paid to the hackers behind the cyberattack that led to the shutdown of Colonial Pipeline in May, federal officials announced on Monday. The FBI recovered 63.7 bitcoins that…
Flipkart, the massive India-based e-commerce site owned by Walmart (NYSE: WMT), is reportedly in talks to raise $3 billion as it prepares for a possible initial public offering. According to Bloomberg, the company is looking to raise the funds from…
A driver who was awarded more than $7 million after rolling over his truck on the site of a wind farm installation has had that verdict upheld by the state’s appellate court. James Shelton was a driver at the Bobcat…
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