Erica E. Phillips

Roadie Gains $37 Million to Expand Crowdsource Delivery Business – WSJ – By Erica E. Phillips

By Erica E. Phillips Crowdsourced delivery company Roadie Inc. has raised $37 million in new funding that includes investment from Home Depot Inc., boosting dollars available for marketing efforts with big retailers and for building out its technology. The Atlanta-based startup has been providing same-day delivery services through its “on-the-way” model, which uses an app …

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SoftBank’s Vision Fund Leads $1 Billion Funding Round for Shipping Broker Flexport – WSJ – By Erica E. Phillips

ByErica E. Phillips SoftBank Group Corp.’s Vision Fund is diving into the global freight business, leading a new $1 billion round of funding in Flexport Inc., a six-year-old international shipping broker built by Silicon Valley technology developers. Based in San Francisco, Flexport arranges ocean- and airfreight shipments for retailers and manufacturers—a $2 trillion global business …

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Freight-Tracking Startup FourKites Raises $50 Million in New Backing – WSJ – By Erica E. Phillips

Freight-tracking software startup FourKites Inc. has raised $50 million in new funding less than a year after its last round to back its expansion beyond trucking and U.S. domestic shipping. The Chicago startup gathers live location data on shipments from suppliers such as Land O’ Lakes Inc. to retailers and factories that help businesses at …

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Truck Technology Startup Raises $97 Million for Port Freight Plan – WSJ – By Erica E. Phillips

The developer of a freight-matching app for truck drivers and shippers at the ports of Los Angeles and Long Beach has raised $97 million in new funding as the startup works to improve its fledgling technology and expand to other ports. NEXT Trucking Inc. said Wednesday that Brookfield Asset Management Inc. ’s venture investment arm …

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Digital Freight Startup Convoy Raises $185 Million, Surpasses $1 Billion in Value – WSJ – By Erica E. Phillips

Digital freight-booking startup Convoy raised $185 million in a funding round led by an investment arm of Google parent company Alphabet Inc., GOOG 0.76% adding big new backing for the company competing in an increasingly crowded field trying to reshape U.S. shipping operations. The funding round led by Alphabet’s CapitalG, one of the biggest investments …

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Freight Operators Dismiss Threat of Digital Startups – WSJ – By Erica E. Phillips

Established U.S. logistics firms say digital-friendly freight startups that are drawing growing interest in Silicon Valley still lack the scale and customer relationships to threaten their share of the market. Executives at C.H. Robinson Worldwide Inc., CHRW 0.77% the biggest broker of freight services in the U.S., said their large-scale shipper customers are looking for …

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