Cartage

Cartage secures $3.3M to support shippers and carriers with automation

Freight coordination software provider Cartage announced Thursday that it has closed a $3.3 million investment round led by Y Combinator, Garage Capital, Wayfinder Ventures, Northside Ventures, Pioneer Fund and Ritual Capital. The funding will be used to automate freight operations for both shippers and carriers.

Angel investors also participated in the round, including Paul Graham, founder of Y Combinator; Nate Smith, founder of Lever; Kulveer Taggar, co-founder of Zeus; and Ian Logan and Caleb...

https://www.freightwaves.com/news/cartage-secures-3-3m-to-support-shippers-and-carriers-with-automation

Dayton Freight to acquire cartage unit from Valley

Dayton Freight rig on highway

Regional LTL carrier Dayton Freight Lines announced Monday it is acquiring the cartage unit of Valley Companies.

Headquartered in Hudson, Wisconsin, transportation and logistics provider Valley Companies is only selling its cartage assets to Ohio-based Dayton Freight. The deal includes terminals, trucks, related equipment and workers. Valley’s logistics and warehousing segments are not part of the transaction and will continue to operate as is.

Terms of the transaction were not disclosed. The...

https://www.freightwaves.com/news/dayton-freight-to-acquire-cartage-unit-from-valley

[FAQ] What Is Drayage & Why Is It Important?

  • Drayage is a key component of transporting cargos for short distances, usually within a city or region.
  • Drayage forms a crucial part of the logistics supply chain for a host of businesses.
  • Its the process through which your freight makes it from the port or intermodal terminal to the next mode of transport.

Drayage is an essential service that involves shipping goods over a short distance in between the long hauls of intermodal transport. It is an integral part of the transportation and...

https://mfame.guru/faq-what-is-drayage-why-is-it-important/