Equity

Blume Global lands $500M valuation with Bridgepoint deal

Cloud-based logistics company Blume Global announced Wednesday it has raised new equity from Bridgepoint Group to continue its work to digitize customers’ supply chains, driving down waste and inefficiencies through automation and visibility applications.

While Blume Global did not disclose the amount of capital it received from Bridgepoint, which joins existing equity investors Apollo Global Management (NYSE:APO) and EQT, it did reveal the transaction now takes the value of the company to $500...

https://www.freightwaves.com/news/blume-global-lands-500m-valuation-with-bridgepoint-deal

High-priced technology pushes trucking rivals into unusual alliances

Battery-electric trucks. Hydrogen-powered fuel cells. Hybrid technologies. Diesel-powered semis. Self-driving trucks. All share a common theme: They are too expensive to develop alone.

Rival truck manufacturers will scrap for every fleet contract. But they increasingly take a pragmatic approach to technology partnerships. 

“We’ve seen it in the past. And it generally works out pretty well,” said Mike Ramsey, a Gartner Inc. vice president and automotive and smart mobility analyst. “Ford and GM...

https://s29755.pcdn.co/news/high-priced-technology-pushes-trucking-rivals-into-unusual-alliances

XPO Logistics embraces diversity, equity, inclusion as pillars of success

When it comes to technology, XPO Logistics (NYSE: XPO) may be best known for its XPO Connect platform. The digital freight marketplace, launched in 2018, is used by shippers to track and trace their shipments, get quotes and manage their spend with XPO. Technology has been a driving force behind the growth and success of XPO since its founding, but that technology is only as good as the people behind it. To achieve success, XPO has embraced a culture that encourages and supports employee...

https://www.freightwaves.com/news/xpo-logistics-embraces-diversity-equity-inclusion-as-pillars-of-success

Northeast Transportation Climate Initiative meets opposition

Three retail fuels industry trade groups oppose TCI.

An initiative in the U.S. Northeast designed in part to drive reduced carbon emissions in the transportation sector has met opposition from the retail fuels industry.

Massachusetts, Connecticut, Rhode Island and the District of Columbia were the first governmental bodies to sign on to the Transportation Climate Initiative Program (TCI-P) earlier this month. That was followed by a joint statement of opposition from NATSO, the National Association of Convenience Stores and the Society of...

https://s29755.pcdn.co/news/northeast-transportation-climate-initiative-meets-opposition

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