Morgan Stanley report touts positive signs but market ‘deeper into limbo’
A Q3 shipper survey by Morgan Stanley suggests the freight industry has moved “deeper into limbo” as completion of an excess inventory purge now leads to uncertainty as there is no immediate need to restock. One trend the report highlighted is how shippers are waiting on more consumer buying intentions before moving goods as excess transportation capacity remains abundant.
FreightWaves’ Todd...
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TUCSON, Ariz. — TuSimple leaders asked Charles Minear for his take on which of his electrical...
https://www.freightwaves.com/news/current-tusimple-employees-discuss-their-work-after-mass-layoffs
Project44, a leading real-time transportation visibility provider, is meeting the challenge of COVID-19 and the supply chain crisis head-on, with an ambitious plan to grow aggressively in multiple global regions, including Latin America and Southeast Asia.
Recent acquisitions by project44, conversations with company executives, key new hires and documents obtained by FreightWaves tell the story of the visibility startup’s evolving approach to international expansion.
Adam Compain, senior vice...
Finding public exits, driving consolidation and scaling the next generation of startups
Last week, three major FreightTech deals in rapid succession made it clear that the segment has entered a new phase of maturation and increased sophistication. This is a story not just about the abundance of capital currently available for the best FreightTech startups — it’s also about what founders have learned about playing the FreightTech game and how their companies have changed.
On the morning of...
https://www.freightwaves.com/news/commentary-the-week-freighttech-grew-up
The world’s largest temperature-controlled facility operator, Lineage Logistics, and the tech-focused venture capital firm 8VC announced Thursday a strategic alliance “to invest in promising technology startups that drive the transportation and logistics industry forward.”
The companies have worked together in the past through Lineage’s tech investment arm, Lineage Ventures, to propel logistics startups like global supply chain visibility platforms project44 and Trackonomy and digital...
https://www.freightwaves.com/news/lineage-8vc-announce-alliance-to-advance-supply-chain-innovation
This fireside chat recap is from Day 7 of FreightWaves’ Global Supply Chain Week. Day 7 focuses on global maritime logistics.
FIRESIDE CHAT TOPIC: Prospects for VC-backed maritime tech startups
DETAILS: There’s more funding available to startups focused on maritime. Some startups are seeking to create operational efficiencies, save costs and reduce ships’ greenhouse gas emissions. Others are seeking to provide more visibility on cargoes and vessels.
SPEAKER: Evan Efstathiou, founder of SkySail...
https://s29755.pcdn.co/news/gscw-chat-recap-big-year-ahead-for-maritime-tech-startups
Blitzscaling is back and the stock market is paying a huge premium for growth, without consideration of profits. This seems to be at odds with the circumstances that kicked off 2020, when investors were pulling back and putting pressure on startups to focus on sustainable growth.
Even at FreightWaves, which grew by 250% in 2019, investors were telling us that we needed to prioritize profits and sustainability first. But then COVID hit and everything changed.
March, the height of the COVID...
https://www.freightwaves.com/news/supply-chain-and-freight-tech-are-on-fire-this-is-just-the-start
Last week, Liftit, the Colombia-based freight tech startup automating last-mile logistics in Latin America, announced that it had closed a $22.5 million Series B round led by Cambridge Capital, with participation from IFC, monashees, Jaguar Ventures, NXTP Ventures and others.
Liftit estimates that the “short distance trucking market” in Latin America is worth $100 billion and growing thanks to accelerating e-commerce penetration of Latin American retail. Liftit, founded in 2017, operates in 18...
https://s29755.pcdn.co/news/liftit-raises-22-5-million-to-automate-the-last-mile-in-latin-america