Union Square Ventures

The Daily Dash: Activist investor pushes change at Forward Air; LTL off to strong start

The Daily Dash is a quick look at what is happening in the freight ecosystem. In today’s edition, an activist investor is seeking changes to the board makeup at Forward Air. Plus, less-than-truckload carriers are reporting a strong start to 2021, and more manufacturers are looking at reshoring their source materials.

Activist intervention

In an open letter to shareholders on Wednesday, activist investor Ancora Advisors said it is looking for changes to the Forward Air (NASDAQ: FWRD) board.

Todd...

https://www.freightwaves.com/news/the-daily-dash-activist-investor-pushes-change-at-forward-air-ltl-off-to-strong-start

Union Square Ventures and RyderVentures back SmartHop’s $12M funding round

SmartHop receives funding from Ryder

What started as a way to help small truckers fill their trailers has grown into a full-fledged total dispatch solution for over-the-road owner-operators. SmartHop is now gaining plenty of support in its efforts to scale its business, including from heavy hitters such as RyderVentures.

SmartHop on Wednesday announced the close of a $12 million Series A funding round, led by Union Square Ventures and supported by RyderVentures, Equal Ventures and Greycroft. The new funding round brings SmartHop’s...

https://www.freightwaves.com/news/union-square-ventures-and-ryderventures-back-smarthops-12m-funding-round