FreightTech Friday: Learn to Win raises $30M, captures the industry’s attention

Enterprise training software provider Learn to Win announced on Wednesday an oversubscribed $30 million Series A raise led by the Westly Group with participation from Norwest Venture Partners and PearVC.

The company plans to use the funds to continue building out training platforms for high-pressure work organizations that can’t easily remove employees from everyday work for continuous job training.

Since its founding in 2019, Learn to Win has implemented AI-driven training programs for Novartis,...

https://www.freightwaves.com/news/freighttech-friday-learn-to-win-raises-30m-captures-the-industrys-attention

Semantic Visions draws on global media deep dive to build ESG index

Data analytics firm Semantic Visions, in partnership with digital solutions firm Actum Digital, recently launched its Environmental, Social and Governance Index, providing companies with data to inform their efforts toward sustainable operations and ethical business practices.

According to the Prague-based company, the index is built on globally curated and enriched data covering over 1.1 million web-based media documents daily from 220,000 unique sources. Leveraging the expertise of native...

https://www.freightwaves.com/news/semantic-visions-draws-on-global-media-deep-dive-to-build-esg-index

J.B. Hunt prioritizes balanced investment in tech and people

With the freight industry in a continued difficult market, carriers and 3PLs have had to invest in technology to find more efficiency in slim margins.

Brad Hicks, executive vice president of highway services and executive vice president of people at J.B. Hunt, says companies that don’t connect their investment in technology with their investment in people will come out behind. “If you don’t have that proper balance of people and tech working together and complementing each other, then you’re...

https://www.freightwaves.com/news/j-b-hunt-prioritizes-balanced-investment-in-tech-and-people

S&P cuts Forward Air debt rating again; 3 key agencies now at same low level

Just four months after it downgraded Forward Air’s debt rating, S&P Global Ratings has done it again.

Two downgrades in four months is viewed as unusually rapid and reflects not only the weak freight market but burdens unique to the less-than-truckload carrier.

Forward was cut to B+ by S&P Global in February. The latest move takes it down an additional notch to a B, which is five steps into non-investment-grade territory. There are 12 non-investment-grade ratings, with D for default at the...

https://www.freightwaves.com/news/sp-cuts-forward-air-debt-rating-again-3-key-agencies-now-at-same-low-level

Tri-National makes facility investments in Texas

As nearshoring trends continue to drive manufacturing to Mexico, capacity fluctuations are requiring cross-border freight companies to strategically invest in their cross-border shipping capacity.

“As is already the case with the USMCA corridor, more imports are coming north from Mexico,” said Brad Colvin, director of corporate business development and logistics at Tri-National Inc (TNi). “It will only create a larger imbalance of freight going back to the border and on into Mexico, creating...

https://www.freightwaves.com/news/tri-national-makes-facility-investments-in-texas

Ship Angel raises $5M, launches two new products for BCOs

Global shipping platform Ship Angel Inc. announced Tuesday it has closed on $5 million in funding co-led by Glasswing Venture and Newark Venture Partners with participation from Bienville Capital, Socii Capital and Plug and Play, to continue building out new AI-powered products for beneficial cargo owners. Two of those new products were announced Tuesday as well.

“Ship Angel’s best-in-class AI-native software, industry expertise, and focus on delivering an exceptional user experience will set a...

https://www.freightwaves.com/news/ship-angel-raises-5m-launches-two-new-products-for-bcos

Walmart to Introduce App-Based Drone Delivery

The world’s largest retailer is bringing drone delivery to the masses.

Walmart on Thursday announced that later this month, customers in the fast-growing Dallas-Fort Worth area will be able to order drone delivery directly through the company’s app, with orders arriving in as little as 30 minutes.

Since introducing drone delivery in 2021, Walmart says it has completed more than 30,000 deliveries. As of January, the firm’s DFW service—operated in partnership with industry titans Zipline and Wing,...

https://www.freightwaves.com/news/walmart-to-introduce-app-based-drone-delivery

FreightTech Friday: Denim to scale with $63M warehouse facility

Fintech platform Denim recently received a $63 million warehouse facility from Silicon Valley Bank, in partnership with Trinity Capital, to enable Denim to scale operations to cover the financial needs of its broker customers.

The company has raised $235.4 million since being founded in 2017 under its previous branding, Axle Payments. Denim rebranded in 2022, aiming to provide financial services to others outside of trucking and in other segments of the supply chain.

Related: Axle Payments...

https://www.freightwaves.com/news/freighttech-friday-denim-to-scale-with-63m-warehouse-facility

Postal Service cautions pet owners, promotes dog bite awareness

The U.S. Postal Service’s 2024 National Dog Bite Awareness Campaign is underway, offering information on how dog owners can help ensure safe mail delivery and enhance employee safety.

The campaign – “Don’t let your dog bite the hand that serves you” – started on Sunday and runs through this Sunday. According to a Postal Service news release, incidents involving dog attacks on postal employees rose to more than 5,800 last year.

“Letter carriers are exposed to potential hazards every day, none more...

https://www.freightwaves.com/news/postal-service-cautions-pet-owners-promotes-dog-bite-awareness

Teamsters tie up with Staten Island Amazon union, win other elections

The Teamsters union has recorded several organizing or contract-signing victories in the past few weeks, but a step it has taken toward representing at least one group of Amazon workers has garnered the biggest headlines. 

An independent labor union that won representation at a Staten Island, New York, warehouse in 2022, a victory that Amazon (NASDAQ: AMZN) is fighting, has agreed to come under the umbrella of the Teamsters, according to media reports. The Teamsters posted an announcement about...

https://www.freightwaves.com/news/teamsters-tie-up-with-staten-island-amazon-union-win-other-elections

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