Grace Sharkey

Open-deck transportation marketplace EXO Freight closed its physical office in Chattanooga, Tennessee, and laid off most of its employees to focus on improving its technology for enterprise shippers and their managed services.

This week we explore Motive’s first user conference, a Latin American FreighTech company looking to expand into the U.S. and Banyan Technology expanding beyond LTL solutions.

Stord’s purchase of ProPack Logistics grows the company’s fulfillment centers to 1.6 million square feet.

The company last announced its Series C raise in 2022, led by SoftBank Vision Fund 2 for $115 million, valuing the company at $575 million. Platform Science has raised $309 million since 2017.

Here are four innovative companies FreightWaves was introduced to at the Mid-America Trucking Show in Louisville, Kentucky.

Uber Freight has brought on talent with decades of experience from C.H. Robinson, Amazon and Walmart.

Sheer Logistics’ acquisition of CargoBarn is aimed at strengthening the company’s position in anticipation of market fluctuations.

Here is the weekly rundown of FreightTech news you may have missed

In today’s FreightTech Friday roundup, we explore Transportation One’s new tech, a Truckstop survey on carrier sentiment and a recent round of funding.

Uber Freight’s Powerloop offering has served more than 220,000 loads using over 10,000 carriers. Powerloop saw a 43% increase in power-only load volume in 2023.

In the ongoing battle between FreightTech giants project44 and FourKites, the Illinois Supreme Court has sided with project44, agreeing that allegedly defamatory emails were sent to a third party.

Friday saw a pivotal shift for Flock Freight as the company opted to downsize its workforce by 54 individuals, a strategic decision aimed at realigning the company’s trajectory towards profitability.

Today’s FreightTech roundup takes a look at Heale Labs’ goal to improve data sharing with digital currency, PrincetonTMX’s partnership with Loop and other highlights of the week.

A study by last-mile solutions provider OneRail addresses retailers’ concerns about diversifying delivery networks and highlights strategies such as leveraging technology for strategic planning.

Newly launched LocusHub lets warehouse managers customize autonomous mobile robots’ workflow routes, forecast staffing and orders with machine learning, and pinpoint bottlenecks.

Uber Freight has set a goal to acquire over $2 billion in freight under management in Europe by 2028.

LG Business Solutions USA will unveil its family of autonomous mobile robots at industry trade show MODEX in Atlanta.

Transfix’s new feature aims to streamline logistics for small and midsize businesses by addressing manual processes and securing competitive rates, in line with an integrated marketplace approach.

The Sisters of the Road photo collection highlights female truckers’ struggles and improvements needed for industry equality.

While visiting Monticello, the home of Thomas Jefferson, Lori Ann LaRocco and daughter Abby Wallace learned about families who were enslaved at the site.