project44

8VC raises $998M in new funding with a focus on reshaping logistics

Venture capital firm 8VC has announced the launch of Fund VI, securing $998 million in new limited partner capital to fuel its ambitious investment strategy. This substantial raise comes at a pivotal time in the venture capital landscape, particularly in the supply chain and logistics sectors, which have seen significant disruption and innovation in recent years.

The venture capital market in Q4 2024 was...

https://www.freightwaves.com/news/8vc-raises-998m-in-new-funding-with-a-focus-on-reshaping-logistics

SONAR se asocia con Project44 en la nueva herramienta de análisis de adquisiciones

En un mercado de carga turbulento, la necesidad de estrategias de adquisición basadas en datos nunca ha sido mayor. Para abordar esta creciente demanda, Project44 dio a conocer su análisis de adquisición de carga solución el lunes en asociación con la plataforma de inteligencia de mercado de carga...

https://fullavantenews.com/sonar-se-asocia-con-project44-en-la-nueva-herramienta-de-analisis-de-adquisiciones/?lang=es

SONAR partners with project44 on new procurement analytics tool

In a turbulent freight market, the need for data-driven procurement strategies has never been greater. To address this growing demand, project44 unveiled its Freight Procurement Analytics solution on Monday in partnership with real-time freight market intelligence platform SONAR. The partnership provides shippers with contract benchmarking, procurement optimization and visibility into carrier rates.

Addressing procurement challenges with data
Project44’s Freight Procurement Analytics showing...

https://www.freightwaves.com/news/sonar-partners-with-project44-on-new-procurement-analytics-tool

The future of freight procurement: How technology is transforming carrier selection and rate negotiation

Traditional freight procurement is riddled with inefficiencies. Static routing guides, infrequent mini-bids, and limited carrier options often result in overpaying for critical lanes while sacrificing service quality. Many transportation managers inherit their predecessor’s carrier network and standard operating procedures simply because it’s the established norm. Without the right tools to challenge the status quo, shippers remain stuck with inflated costs and suboptimal carrier performance....

https://www.freightwaves.com/news/the-future-of-freight-procurement-how-technology-is-transforming-carrier-selection-and-rate-negotiation

An open letter from Project44 CEO Jett McCandless regarding MyCarrier dispute

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

Mike Bookout’s recent FreightWaves letter is misleading and filled with misrepresentations. 

Here’s the real story:

As many readers know, I have been an investor in MyCarrier, and Project44 (p44) and MyCarrier have had a long-standing partnership focused on innovation in the LTL industry. In fact, p44’s data and products have powered MyCarrier’s platform since its...

https://www.freightwaves.com/news/an-open-letter-from-project44-ceo-jett-mccandless-regarding-mycarrier-dispute

Project44, MyCarrier trade courtroom claims of contract violation, poor service

WILMINGTON, Del. – The dispute between MyCarrier and project44 (p44) made its way into a courtroom last week with two key claims by attorneys: that MyCarrier’s development of its own electronic bill of lading (eBOL) violates a contract between the companies, and that product issues with p44’s eBOL made that step by MyCarrier necessary.

In a three-hour hearing at Delaware Chancery Court, held in Wilmington because p44 is incorporated in the state, the immediate issue at hand was the companies’...

https://www.freightwaves.com/news/project44-mycarrier-trade-courtroom-claims-of-contract-violation-poor-service

Project44’s latest lawsuit in intellectual property dispute targets SMC3

An earlier dispute between project44 and MyCarrier has been extended to bring in SMC3, as the provider of freight visibility now accuses SMC3 of theft of intellectual property. 

The lawsuit by project44 (p44) was filed Tuesday in the U.S. District Court for the Northern District of Georgia.

Project44’s lawsuits against MyCarrier and SMC3 may be separate pieces of litigation, but they are effectively linked in describing the sequence of events that led to their filings.

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https://www.freightwaves.com/news/project44s-latest-lawsuit-in-intellectual-property-dispute-targets-smc3

Chicago rivals P44 and FourKites resolve legal disputes

Visibility provider FourKites and its Chicago rival project44 announced Monday that they have resolved two legal battles regarding employee poaching and allegedly defamatory emails sent by FourKites CEO Mathew Elenjickal. Details of the resolution were not disclosed.

“We are glad to put these disputes behind us. … Our focus has always been on bringing innovation to market, transforming supply chains, and driving unmatched value to our customers. That will continue to be our mission,” Elenjickal...

https://www.freightwaves.com/news/chicago-rivals-p44-and-fourkites-resolve-legal-disputes

USEC strike to paralyze global shipping industry: One-day strike would take five days to clear

The potential strike on all United States East Coast and Gulf ports is expected to cause severe disruptions in the global supply chain, creating a major headache for shipping stakeholders worldwide.

With operations at 36 major US ports—handling 40-50% of the nation’s imports and exports—facing a potential shutdown on 1 October, the global shipping industry is on edge.

“If the strike does occur, we have reason to envision a detrimental effect on shippers of US-bound goods,” says Han Deng,...

https://container-news.com/usec-strike-to-paralyze-global-shipping-industry-one-day-strike-would-take-five-days-to-clear/

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