FreightWaves raises $37M in new growth financing

FreightWaves, the leading provider of freight data and analytics, has raised $37 million in two rounds of minority investment since April. The latest round was led by Kayne Partners Fund, the growth private equity group of Kayne Anderson Capital Advisors, L.P. Kayne Partners Fund has committed $30 million to accelerate FreightWaves’ growth. This round puts the total capital raised by FreightWaves at $75 million. 

Kayne Partners Fund’s investment is a minority, non-controlling investment that...

https://s29755.pcdn.co/news/freightwaves-raises-37m-in-new-investment-financing

Commentary: SmartHop brings AI to owner-operators and brokers

SmartHop founders

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

Author’s Disclosure: I am not an investor in SmartHop, either personally or through REFASHIOND Ventures. I have no financial relationship with SmartHop.

SmartHop, a Miami-based startup announced on July 21 that it has closed a $4.5 million round of seed financing to enable it to bring its automated dispatching and decision-making software for small trucking...

https://www.freightwaves.com/news/commentary-smarthop-brings-ai-to-owner-operators-and-brokers

FreightWaves 3PL Summit: Crisis underscores wisdom of early tech investments (with video)

3PL Summit: Trinity Logistics

Preparation for the coronavirus pandemic began at Trinity Logistics eight years before anyone heard of COVID-19.  

“We made the decision to move our phone system into the cloud. We had [local] systems in all the offices that we had,” Trinity Chief Financial Officer Doug Potvin said in a fireside chat with Trinity President Sarah Ruffcorn during the FreightWaves 3PL Summit on Tuesday.

“As a company, we live and die by the phone and computers and the infrastructure we have in place. It’s all...

https://www.freightwaves.com/news/freightwaves-3pl-summit-crisis-underscores-wisdom-of-early-tech-investments-with-video

FreightWaves SONAR 7.0 enhancements announced (with video)

The FreightWaves SONAR 7.0 release features several key enhancements; each makes the data and analytics platform even more useful to subscribers.

FreightWaves founder and CEO Craig Fuller announces SONAR 7.0.

Lane Scorecard

The first is the Lane Scorecard app. “What makes Lane Scorecard unique from bulk lane rate tools on the market is its proprietary SONAR lane scoring, SONAR predictive rates and its spark graphs that allow the user to more easily see past and forecast trends,” announced Craig...

https://www.freightwaves.com/news/freightwaves-sonar-70-enhancements-announced

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