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FreightTech startup Aifleet raises $16M Series B to expand operations
Technology-enabled trucking company Aifleet announced Tuesday it has closed on a $16.6 million Series B round led by Tom Williams, general partner at Heron Rock.
The Austin, Texas-based carrier plans to use the funds to fuel its technology research and development, grow its operations and sales teams, and further develop scalable infrastructure, according to a news release.
“As truck utilization has trended downward since 2018, Aifleet has developed technology to mitigate the problem and the...
Loaded and Rolling: Morgan Stanley sees freight industry move ‘deeper into limbo’
Morgan Stanley report touts positive signs but market ‘deeper into limbo’
A Q3 shipper survey by Morgan Stanley suggests the freight industry has moved “deeper into limbo” as completion of an excess inventory purge now leads to uncertainty as there is no immediate need to restock. One trend the report highlighted is how shippers are waiting on more consumer buying intentions before moving goods as excess transportation capacity remains abundant.
FreightWaves’ Todd...
Aifleet raises $14M to continue improving driver utilization rates
Technology-driven trucking company aifleet announced it has closed on a $14 million venture round to continue scaling its fleet and proprietary solutions that enhance driver utilization.
The round was led by Ibex Investors with participation from Obvious Ventures, Gerdau Next, Compound, Cooley and individual investor Tom Williams. The company has raised $35 million since 2021.
“Trucking is one the largest and most critical industries in the US. It is also notoriously inefficient. Aifleet’s...
https://www.freightwaves.com/news/aifleet-raises-14m-to-continue-improving-driver-utilization-rates
Is the driver shortage fact or fiction? — Loaded and Rolling
MIT’s David Correll and aifleet’s Marc El Khoury look at the numbers
According to MIT FreightLab Research, led by David Correll, adding 18 minutes of drive time to each driver’s day would remove the 80,000-driver shortage. That’s just one nugget of data Correll shared with host Thomas Wasson on this episode of Loaded and Rolling.
Marc El Khoury, CEO of aifleet, joined the show to give his take. He said reducing dwell times and increasing driver utilization are key to fixing the shortage in...
https://www.freightwaves.com/news/is-the-driver-shortage-fact-or-fiction-loaded-and-rolling
Loaded and Rolling: Driver pay and parking prioritized
Excerpt: AI Fleet raises $21 million; the American Transportation Research Institute ranks trucking concerns; and the Logistics Managers’ Index is expanded.
Trucking in disruption: AI Fleet raises $21 million series ATrucking tech startup AI Fleet recently completed a series A round for $21 million led by Obvious Ventures with participation from Compound, Ibex Investors and angel investor Tom Williams. The company’s goal is building a trucking company focused on technology to...
https://www.freightwaves.com/news/loaded-and-rolling-driver-pay-and-parking-prioritized