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Nigerian digital freight marketplace Kobo360 raises $20 million – FreightWaves – Vishnu Rajamanickam, Staff Writer

Nigerian digital freight marketplace startup Kobo360 raised $20 million in a Series A funding round led by Goldman Sachs while pocketing another $10 million in working capital financing from Nigerian commercial banks. Kobo360 is one of the most recognized FreightTech players in Africa, revolutionizing a cacophonic market riddled with several inconsistencies.  Kobo360 began its journey […]

Digital Freight Brokers Turn Physical With Truck Equipment Pools – WSJ – By Jennifer Smith

Digital freight marketplaces that connect shippers and truckers online are turning toward more physical operations by offering the equipment that cargo carriers need to move loads. Freight-matching startups Convoy and Uber Technologies Inc. ’s Freight division recently launched fleets of trailers that shippers can preload with goods to speed up cargo transfers for drivers and […]

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 […]

The evolution of the digital supply chain – Logistics Management – By Gary Forger, special projects editor

By Gary Forger, special projects editor Digitization of the supply chain is not new. Either as a concept or as a reality. But it does find itself in an interesting spot these days. Consider these three perspectives. “The ‘digital supply chain’ will be the logistics technology concept of the year.” That’s from Clint Reiser in […]

New FourKites tool predicts capacity for shippers using ELD data – CCJ – Aaron Huff| @AaronHuffCCJ

Last year, about 20 of the nation’s largest shippers, who represent $20 billion in annual freight spend, came to Chicago for a customer advisory board meeting with FourKites. More than 200 of the largest Fortune 1000 shippers use FourKites for shipment tracking, analytics and other applications. The company’s freight visibility platform integrates with the ELD […]

FourKites Adds ‘Predictive’ Load Matching Service – Transport Topics – Daniel P. Bearth | Staff Writer

FourKites FourKites, a load tracking firm, is tapping a former UberFreight executive to head up a new service offering predictive capacity management to shippers and carriers. “This is the next big opportunity in supply chain and logistics,” said Matt Elenjickal, founder and CEO of FourKites, in announcing the hiring of Kristopher Glotzbach as vice president […]

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 […]

Convoy and Uber Freight take on US truck brokerage – JOC – Chris Barnett, Special Correspondent

Convoy, backed by billionaire tech pioneers Jeff Bezos and Bill Gates, and Uber Freight, an offshoot of the globally disruptive ride-sharing giant, are trying to grab a slice of the fragmented US truck brokerage market, taking different routes to lure skeptical drivers and capacity-hungry shippers. The two technology startups are attempting to persuade US shippers […]

e4Score integrates TrackAssure visibility portal with Trucker Tools’ Load Track – CCJ – Aaron Huff| @AaronHuffCCJ

Earlier this year, consumer goods company Unilever approached Chuck Irwin with a problem. Its transportation division wanted gate-to-gate visibility of shipments pulled by any carrier and asset. In addition to providing location and shipment status, Unilever wanted to track load temperatures to comply with the Food Safety Modernization Act. Irwin responded by developing a new […]

New funding helps fuel Convoy’s growth, but focus remains on core mission – FreightWaves – Brian Straight

Company remains committed to providing quality service to help small carriers thrive One of the early entries in the so-called and really misnamed “Uber for trucking” movement, Convoy found immediate backers with the likes of Jeff Bezos, Marc Benioff and Henry Kravis when it launched in 2015. Since then, hundreds of companies have tried to […]

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