project44

The Daily Dash: Daseke shakeup; freight-tech legal battle looms

Daseke CEO resigns

The Daily Dash is a quick look at what is happening in the freight ecosystem. In today’s edition, the CEO of flatbed operator Daseke has resigned and new board members have been named. Plus, a legal dispute between technology providers project44 and FourKites is heading to court and supply chain growth remains positive, but for the first time in four months, it has trended downward.

Daseke shakeup

The CEO of flatbed truckload operator Daseke has resigned amid a shakeup that includes new board...

https://s29755.pcdn.co/news/the-daily-dash-daseke-shakeup-freight-tech-legal-battle-looms

Project44 sues FourKites for defamation over alleged false emails to board

Project44 thinks it has a smoking gun; FourKites’ defense based on legal issues

The legal dispute between two leading freight visibility solution providers, project44 and FourKites, is poised to move forward at a status conference in front of Judge James Snyder of the Circuit Court of Cook County next month.

Back in April 2020, project44 sued FourKites for defamation and civil conspiracy, accusing its rival of sending false pseudonymous emails to project44 board members and employees alleging...

https://s29755.pcdn.co/news/project44-sues-fourkites-for-defamation-over-alleged-false-emails-to-board

Driving the autonomous vehicle market in 2021 — Midday Market Update

How will AV makers fair in the new year?

Kevin Hill and Michael Vincent break down todays market conditions.

Headlines

Central Freight Lines is the latest transportation company to suffer a cyberattack, with hackers knocking its operating system and call center offline last week. 

Forward Air was also hit by a ransomware attack last week and a new disclosure to the SEC reveals it may cost Forward Air some revenue. The company says it is back up and operating but is still actively responding to the...

https://s29755.pcdn.co/news/driving-the-autonomous-vehicle-market-in-2021-midday-market-update

The Daily Dash: $100M for project44; COVID forces Amazon warehouse shutdown

The Daily Dash is a quick look at what is happening in the freight ecosystem. In today’s edition, project44 has secured $100 million in funding to help it continue to scale its business as it works toward an initial public offering. Plus, Amazon was forced to close a warehouse days before Christmas because of rising COVID cases, and McKesson has started shipping Moderna’s vaccine.

$100 million for project44

Project44 announced it has closed a Series D financing round of $100 million as customers...

https://s29755.pcdn.co/news/the-daily-dash-100m-for-project44-covid-forces-amazon-warehouse-shutdown

Global visibility platform project44 raises $100M

Project44, a Chicago-based supply chain visibility platform, on Monday announced it has closed a Series D financing round of $100 million as customers continue to flock to digital logistics platforms to help make supply chains more efficient.

Through a spokesperson, the company declined to share its valuation metric.

Leading the round is Insight Partners, with participation in the funding round from 8VC, Emergence Capital, Omidyar Technology Ventures, Sapphire Ventures, Sozo Ventures and...

https://www.freightwaves.com/news/roject44-completes-100m-series-d

project44 earns high accolades as industry unifier

For the third year in a row, project44 ⁠— a Chicago-based supply chain visibility platform ⁠— came in second after Amazon in the FreightTech 25. This pandemic-struck year proved, more than ever, the industry’s need for increased visibility, agility and digital unification, a goal that project44 has been actively pursuing since 2014. 

Narrowed down from the FreightTech 100, 2021’s list of 25 industry disruptors was ranked by 80 members of the logistics community, ranging from venture capitalists...

https://s29755.pcdn.co/news/project44-earns-high-accolades-as-industry-unifier

Digital LTL Council ready for launch, electronic bill of lading first on the agenda

Standardizing electronic bills of lading (EBL) tops the agenda of the Digital LTL Council, which expects to release its recommendation by the end of January.

The formation of the Digital LTL Council was announced in November. But it has been in the works for many months, according to Brian Thompson, chief commercial officer of SMC3 and Christian Piller, vice president of value engineering at project44. The release of the EBL standard could trigger the Council’s formal unveiling, they told...

https://s29755.pcdn.co/news/digital-ltl-council-ready-for-launch-electronic-bill-of-lading-first-on-the-agenda

OneRail, project44 announce partnership for end-to-end visibility solution

OneRail and project44 are joining forces to provide an end-to-end platform for complete visibility of shipments, from the manufacturing floor to the final mile.

The partnership combines OneRail’s delivery-based orchestration and fulfillment platform with project44’s Advanced Visibility Platform into a Unified Control Tower, offering shippers a single source of truth for both inbound and outbound logistics, the companies said.

“Our partnership constructs one seamless, fully integrated service that...

https://www.freightwaves.com/news/onerail-project44-announce-partnership-for-end-to-end-visibility-solution

The Daily Dash: Celadon, one year later; COVID lawsuits pile up

The Daily Dash is a quick look at what is happening in the freight ecosystem. In today’s edition, FreightWaves writer Clarissa Hawes talks to former Celadon drivers one year after the company’s collapse. Plus, Estes has been hit with a COVID-related lawsuit and Covenant is bumping up driver pay.

One year later, it still hurts

It’s been one year since truckload carrier Celadon suddenly shut down, and former truck drivers remain bitter about the closure.

Clarissa Hawes talks to former Celadon...

https://www.freightwaves.com/news/the-daily-dash-celadon-one-year-later-covid-lawsuits-pile-up

Forager, project44 bringing new visibility to US-Mexico freight

Forager and project44 have teamed up to solve one of freight’s biggest challenges: creating real-time seamless visibility for freight as it crosses to and from Mexico.

The partnership is aimed at creating a new standard of cross-border transparency, said Matt Silver, CEO and co-founder of Forager.

“Businesses that ship domestically already expect a high level of visibility on all their loads, but historically that expectation of transparency stopped at the U.S.-Mexico border,” Silver said....

https://www.freightwaves.com/news/forager-project44-bring-new-visibility-to-us-mexico-freight

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