big-box retailers

Ox set to grow after landing $3.5M seed round

Ox, an order fulfillment platform that leverages augmented reality (AR) to speed order picking, has landed a $3.5 million seed round of funding, led by MaC Venture Capital and Cortado Ventures. Additional participation came from Revolution’s Rise of the Rest Seed Fund (which is an investor in FreightWaves), Vuzix, Florida Funders, KCRise Fund and Willow Growth Partners.

“I realized that in order to keep up with the massive and ever-growing retail market, traditional supply chains needed help...

https://s29755.pcdn.co/news/ox-set-to-grow-after-landing-3-5m-seed-round

The Daily Dash: C.R. England strikes back; XPO bullish on 2021

The Daily Dash is a quick look at what is happening in the freight ecosystem. In today’s edition, C.R. England, one of the carriers targeted in a staged-accident scheme, is suing the law firm involved. Plus, XPO thinks 2021 is only going to get better, and Forward Air makes an acquisition and a divestiture.

C.R. England fighting back

Truckload carrier C.R. England, the company that court records suggest paid out the greatest amount of money in the Louisiana staged-accident scandal, is fighting...

https://s29755.pcdn.co/news/the-daily-dash:-cr-england-strikes-back;-xpo-bullish-on-2021

Port of LA records 11 straight months of declines

July was good — 24% better than June — at the Port of Los Angeles, but volume was still down 6.11% year-over-year.

The Port of LA moved 856,389 twenty-foot equivalent units in July compared to 912,154 TEUs in the same month in 2019. That brought the port’s seven-month total to 4,618,278 TEUs, down 15.3% from the 5,450,793 TEUs recorded between Jan. 1 and July 31, 2019.

“The July volumes were good — seventh-best month in our 114-year history here at the Port of Los Angeles,” said Executive...

https://s29755.pcdn.co/news/port-of-la-records-11-straight-months-of-declines

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