Freightmate Ai exits stealth mode with pre-seed funding and new tech

Freightmate Ai announced on Thursday that it has secured a pre-seed funding round led by Wischoff Ventures and is releasing its first automated solution.

The funds will be used to enhance the features of its freight forwarding management system, which is being developed by technology experts with experience from Geodis, Manhattan Associates, Amazon Global Logistics and Flexport.

“Freight forwarders coordinate global shipments from end to end from origin country to destination country, leveraging...

https://www.freightwaves.com/news/freightmate-ai-exits-stealth-mode-with-pre-seed-funding-and-new-tech

FourKites acquires Haven, creates end-to-end platform for international ocean shipping

FourKites, a leader in real-time supply chain visibility, announced on Wednesday it has acquired Haven to create its visibility solution, Dynamic Ocean.

Haven is an international ocean shipping tracking and documentation platform, founded in 2014 to help build software for commodity producers and traders who were looking to save time managing their international logistics. The company has raised $20.3 million in funding since inception. 

FourKites’ chief executive officer, Matthew Elenjickal,...

https://www.freightwaves.com/news/fourkites-acquires-haven-creates-end-to-end-platform-for-international-ocean-shipping

New Transflo President Michael Southworth sees opportunity ahead

Michael Southworth has an extensive background in technology, and that aligns perfectly with Transflo’s history of technological innovation.

“Michael’s deep expertise in emerging technology and mobility provides the perfect puzzle piece that Transflo needs to transform the supply chain for the 21st century,” Transflo CEO Frank Adelman said in a Nov. 19 statement announcing Southworth’s appointment as company president. “We are thrilled to have him join our leadership team and advance the company...

https://www.freightwaves.com/news/new-transflo-president-michael-southworth-sees-opportunity-ahead

Adoption of workflow automation solutions spikes after COVID-19

It’s no surprise that COVID-19 has accelerated technology adoption within the transportation and logistics industry. In March 2020, the sharing of office equipment, workspaces and paper documents began to incite acute fear around the spreading of infection. As a result, entire companies transitioned to working from home.

After the supply chain disruptions spurred by the pandemic, companies trying to remain solvent have turned to automation solutions to reduce overhead. Similarly, companies...

https://www.freightwaves.com/news/adoption-of-workflow-automation-solutions-spikes-after-covid-19