STORD

Logistics firms Stord, FarEye shock workforces with mass layoffs

Lay offs, laid off worker

Two logistics technology firms just pulled the rug out from under their employees.

Atlanta-based logistics software-as-a-service provider Stord and New Delhi-based delivery management platform FarEye, which runs its U.S. operations out of a Chicago office, laid off significant chunks of their workforces at a time when employees reportedly were feeling particularly safe.

Stord cut 59 employees, or about 8% of its workforce, at the start of June, just a month after securing $120 million in funding...

https://www.freightwaves.com/news/logistics-firms-stord-fareye-shock-workforces-with-mass-layoffs

Cloud supply chain firm Stord adds $120M in new funding at $1.3B valuation

Warehouse building

Cloud supply chain warehousing and logistics firm Stord announced on Tuesday an additional $120 million in series D financing, bringing the total funding in this series D to $210 million. The first $90 million was announced in September.

The latest funding was led by Franklin Templeton. The entire series D included participation from new investors Sozo Ventures, Strike Capital and 137 Ventures, along with existing investors Kleiner Perkins, Founders Fund, BOND, Susa Ventures, Dynamo Ventures,...

https://www.freightwaves.com/news/cloud-supply-chain-firm-stord-raises-120-million-led-by-franklin-templeton

New Year, same supply chain mess

The past year will be remembered for a red-hot economy but supply chain bottlenecks that cost sellers an opportunity to gain market share and grow revenues.

For brands selling direct to businesses (B2B) or consumers (B2C), 2022 can’t be another lost opportunity. Unfortunately, some things are out of their control — COVID-19, port backups, a lack of warehouse capacity and last-mile delivery driver shortages, to name a few. But with a little foresight, they can accomplish some mitigation to make...

https://www.freightwaves.com/news/new-year-same-supply-chain-mess

Stord opens second Nevada warehouse

Stord opens Las Vegas e-commerce warehouse

Cloud supply chain provider Stord has opened a new warehouse facility in Las Vegas, its fourth first-party warehouse facility and second in Nevada. The 177,238-square-foot facility will serve Stord customers in the Southwest and across Northern California.

Stord provides an end-to-end solution for shippers through a cloud-based platform connected to over 500 warehouses and 20,000 carriers. The company offers national warehouse capacity, digital freight shipping, an integrated logistics network...

https://www.freightwaves.com/news/stord-opens-second-nevada-warehouse

Big game hunting: Locus Robotics bags $50M from Tiger Global

Locus Robotics announced Tuesday morning it has secured $50 million in additional funding from existing investor Tiger Global Management.

The funding follows a $150 million Series E round in February, led by Tiger Global Management and IT investment firm Bond. The new investment increases the total funding for Wilmington, Massachusetts-based Locus Robotics to $310 million.

More than 1 million warehouse robots will be installed worldwide over the next four years, with the number of warehouses...

https://www.freightwaves.com/news/big-game-hunting-locus-robotics-bags-50m-from-tiger-global

Looking up at the cloud supply chain — Point of Sale

Point of Sale header

ArcBest is more than logistics. Whatever you do, whatever you ship, ArcBest makes it easier for you to do business. ArcBest combines reliable capacity, innovative technology and trusted relationships to take the complexity out of your supply chain and keep your shipments moving. That’s what makes ArcBest more than logistics.

Sean Henry is the co-founder and CEO of STORD, an Atlanta-based startup that just landed in the top 50 on Inc. 5000’s list of fastest-growing U.S. companies, hitting No. 2...

https://www.freightwaves.com/news/looking-up-at-the-cloud-supply-chain-point-of-sale

199 transportation and logistics companies make the Inc. 5000 list

Third-party logistics provider MoLo Solutions was the top-ranked transportation and logistics company on the 2021 Inc. 5000 list of the fastest-growing privately held firms in the U.S. 

The Chicago-based company debuted on the list at No. 41 overall, experiencing revenue growth of 7,597% between 2017 to 2020.

In all, 199 transportation and logistics companies – including software providers related to the freight industry – made the list this year. It was a 19% increase over 2020, when 176...

https://www.freightwaves.com/news/199-transportation-and-logistics-companies-make-the-inc-5000-list

STORD rethinks the warehouse with Atlanta innovation hub

STORD is opening an innovation warehouse in Atlanta

When it comes to warehouse innovation, automation is the hot trend. But what other technologies — or design — could increase accuracy, speed and throughput? The answer is, no one really knows, but cloud supply chain technology company STORD intends to find out.

The Atlanta-based company announced on Wednesday morning a state-of-the-art fulfillment and innovation hub in Atlanta. The 386,000-square-foot facility will include robotics and automation tools serving customers, but it will also feature...

https://www.freightwaves.com/news/stord-rethinks-the-warehouse-with-atlanta-innovation-hub

Cloud supply chain firm STORD lands $65M funding round

The warehousing space is as hot as it has ever been, and STORD, a cloud supply chain company, is among the entrants giving businesses of all sizes access to the warehouse capacity and solutions they need to compete.

The company Wednesday morning announced the closing of its Series C funding round of $65 million. Led by BOND, the funding adds to previous totals, including a Series B round of $31 million that closed in December.

“We help our customers compete on a global scale with a new approach...

https://s29755.pcdn.co/news/cloud-supply-chain-firm-stord-lands-65m-funding-round

Big freight tech for your small business — WHAT THE TRUCK?!?

wtt asset 1/4

Big business or small, you can utilize freight tech

For over 65 years, J. J. Keller has been helping companies like yours operate safer, more efficiently, and with reduced regulatory risk. When you want a partner to help you build a smarter compliance program, there’s one name you can always trust. Visit jjkeller.com to learn more.

It’s a new year and WHAT THE TRUCK?!? is back, kicking things off with a discussion about democratizing the freight-tech landscape. 

Dooner and Michael Vincent begin...

https://s29755.pcdn.co/news/big-freight-tech-for-your-small-business-what-the-truck

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