Plus: The DOT Secretary's announcement, a new FMCSA broker transparency proposal, surging Walmart sales, and more.
During a TIA-hosted media call, new TIA President and CEO Chris Burroughs unpacked what these changes could mean for brokers, carriers, and the broader supply chain.
Partnering with the right brokerage gives you access to specialized services without stretching your resources thin. Learn more about hot niche offering like LTL, Cross-Border, and OD/Heavy Haul can strengthen your business.
Tech-driven trucking startup aifleet secures $16.6M Series B, aiming to become largest US carrier with AI-powered optimization and industry-leading efficiency.
Aifleet, an Austin-based tech-enabled trucking company, just secured $16.6M in Series B funding.
Aifleet's usage of AI is a key element that is adding innovation to the $400B US trucking market. Their secret sauce? An algorithm that:
"We are all in on disrupting the trucking industry with our unique AI technology," says CEO Marc El Khoury.
This, in turn, will:
The new investments will help aid tech R&D, team growth and infrastructure development. Lead investor Tom Williams, Heron Rock, spoke on why he is investing with AiFleet stating, “AiFleet uses their technology to pay drivers more, send them home more often, and reduce emissions. With this approach Aifleet is positioned to become America’s largest and most profitable truckload carrier."
With industry-leading efficiency and a tech-first approach, Aifleet's on the fast track to leaving its mark within the trucking industry.
Source: Freight Waves | ibexinvestors
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