Plus: CargoNet's Thanksgiving theft trends, a robotic system for unloading non-palletized goods lands a $50M investment, trucks stolen in Chicago, and more.
In the latest episode of "The Freight Caviar Podcast", we sit down with Charley Dehoney, CEO & Co-Founder of Upwell. He discusses his early experiences at Worldwide Express and GlobalTranz, and why he believes industry consolidation is on the horizon.
FMCSA releases video for drivers to get back CDLs, Trump names commerce secretary, and more.
FreightTech sector maintains investor interest as Cart.com, Nuvocargo, and Cargobot secure $102 million in collective funding for expansion and innovation.
Cart.com Reaches Unicorn Status
E-commerce platform Cart.com has become a unicorn following a $60 million Series C funding round. This raises the company's valuation to $1.2 billion. The funds will be utilized to meet increasing demand from B2B and enterprise clients, speed up product development, and fuel international expansion.
Nuvocargo and CargoBot Secure Funding
Meanwhile, supply chain-focused startups Nuvocargo and CargoBot have secured $36.5 million and $6 million in funding, respectively. While the venture capital market has been challenging for some tech sectors, logistics and freight companies continue to attract investments.
Nuvocargo to Expand Operations
Nuvocargo, a digital logistics platform, announced that it will use its new funds to expand its services to all major US-Mexico border crossings. The company aims to capitalize on the increasing demand from shippers and carriers in the region, expanding its presence beyond its current focus on Laredo, Texas.
Cargobot's Growth Plans
Miami-based Cargobot raised $6 million in a Series A funding round, which the company will use to broaden its product and solution offerings for shippers and carriers. Cargobot is an international digital freight company that connects shippers and carriers via its data-driven platform. With the new funding, it plans to further develop its business units, aiming to provide more solutions for the freight industry.
Source: FreightWaves
Thilo Huellmann and his team traveled 2,500+ miles, visiting key freight markets like Grand Rapids, Cincinnati, and Houston to discuss AI and automation with freight brokers. Here’s what they learned.
Special damages, also known as consequential damages, are extra costs not automatically covered by the carrier. They arise from the consequences of damaged or delayed freight. Here's what brokers and shippers need to know.
The myths, the reality, and practical tips for how you can begin using AI in your freight business.
A robust, proactive, and responsive security system is essential to reduce cargo theft risks effectively. Leading the charge in these solutions is remote live video monitoring. Learn more here.
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