Ex-Slync CEO Chris Kirchner sentenced to 20 years in prison

Ex-Slync CEO Chris Kirchner was sentenced to 20 years in federal prison Thursday in the U.S. District Court for the Northern District in Fort Worth, Texas.

In his ruling, U.S. District Court Judge Mark T. Pittman also ordered Kirchner, 36, of Westlake, Texas, to pay over $65.4 million in restituion and recommended to the Bureau of Prisons that Kirchner be able to participate in its Inmate Financial Responsibility Program. The judge also seeks to have Kirchner be incarcerated at a facility near...

https://www.freightwaves.com/news/ex-slync-ceo-chris-kirchner-sentenced-to-20-years-in-prison

Ex-Slync CEO Chris Kirchner guilty of wire fraud, money laundering

Ex-Slync CEO Christopher Kirchner was found guilty Thursday of four counts of wire fraud and seven counts of money laundering following a four-day jury trial in the U.S. District Court for the Northern District in Fort Worth, Texas. 

Immediately following the verdict, Kirchner, 36, was taken into custody by the U.S. Marshals Service. U.S. District Court Judge Mark T. Pittman denied a motion to reconsider detention until sentencing, which is scheduled for July 11, by Kirchner’s federal public...

https://www.freightwaves.com/news/ex-slync-ceo-chris-kirchner-guilty-of-wire-fraud-money-laundering

Tech battle: Samsara sues Motive Technologies for patent infringement, false advertising

Fleet telematics provider Samsara Inc. filed suit against rival Motive Technologies in federal court Wednesday, alleging Motive, formerly KeepTruckin, copied and used its proprietary technology, engaged in false and misleading advertising and created fictitious accounts to gain access to Samsara’s connected vehicle platforms.

In the 94-page lawsuit filed in the U.S. District Court for the District of Delaware, Samsara claims Motive, a dashcam and GPS provider, based much of its product line and...

https://www.freightwaves.com/news/tech-battle-samsara-sues-motive-technologies-for-patent-infringement-false-advertising

FreightTech experts: 2024 is the year for laggards to catch up

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As the FreightTech industry continued its rapid evolution, 2023 presented unique challenges and...

https://www.freightwaves.com/news/freighttech-experts-2024-is-the-year-for-laggards-to-catch-up

FourKites reshuffles leadership team

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There’s been a leadership shake-up at FourKites.

The visibility platform, which was reportedly valued...

https://www.freightwaves.com/news/fourkites-reshuffles-leadership-team

In 2024 FreightTech 25, top companies survive year of struggles

FreightWaves unveiled the winners of its 2024 FreightTech 25 awards on the final day of the F3: Future of Freight Festival. This sixth iteration of the award series was full of surprises.

The 2024 list honors industry veterans and newcomers that have found a way to hang on in one of the most difficult environments for technology companies in recent memory. In light of that, this year’s edition is probably best defined as a shake-up. 

Seventeen companies are newcomers. Meanwhile, many previous...

https://www.freightwaves.com/news/freightwaves-announces-2024-freighttech-25-winners

The importance of innovation in logistics

Bart

By Bart De Muynck

The views expressed here are solely those of the author and do not necessarily represent the views of FreightWaves or its affiliates.

There has been an abundance of discussions these past few months around logistics technology companies, their role and whether they can survive the current economic downturn. This discussion has only become louder with the recent bankruptcies of Convoy and Slync. These events have given incumbent vendors and technology “doubters” alike the...

https://www.freightwaves.com/news/the-importance-of-innovation-in-logistics

The unsung FreightTech disrupters innovating supply chains

In the world of logistics, where precision reigns supreme, unsung innovators quietly transform supply chains. Driven by a common goal to enhance the supply chain experience for shippers, these providers represent the essence of FreightTech.

Here we review three of these providers. One empowers shippers with data-driven procurement and carrier analytics, streamlining the details of logistics. Another focuses on automating customer service support, benefiting both consumers and service reps....

https://www.freightwaves.com/news/the-unsung-freighttech-disrupters-innovating-supply-chains

Flipturn swims into fleet electrification integration

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How do some FreightTech startups come up with such catchy names? Sometimes it’s as simple as...

https://www.freightwaves.com/news/flipturn-swims-into-fleet-electrification-integration

Convoy releases proprietary fraud detection software

Digital freight network Convoy announced Thursday it has built a proprietary real-time transportation fraud detection system using machine learning and carrier behavioral data and cargo theft solutions providers to identify potential transportation deception and crime.

According to the company’s cargo theft prevention partner, CargoNet, cargo theft has increased over 57% year over year (y/y) in Q2 2023, trailer theft has increased 17% y/y in Q2 along with an increase in double brokering schemes....

https://www.freightwaves.com/news/convoy-releases-proprietary-fraud-detection-software

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