Plus: Universal bought Parsec amid layoffs, CA ports reported a record-breaking year, FedEx split off its LTL division, and more.
DAT faces criticism over contract terms. Plus, DAT acquires Trucker Tools, RBX declares bankruptcy, and Cargado hits $1M milestone.
Hyliion Holdings Corp. makes a strategic move, exiting the Class 8 electric powertrain business to concentrate on the fuel-agnostic Karno stationary generator.
Convoy Inc. seals a deal for its tech stack, which includes its driver app, automated price matching, and more.
VC funding in freight tech dries up in 2023 after massive investments during the pandemic period of 2020-2021.
Navigating the future of trucking: KargoBot unveils its autonomous truck fleet, while Volta Trucks faces challenges in the electric HGV market.
Most people polled believe Convoy's closure is good for the industry.
Transfix secures $40M Series F at a 60% down round, from $940M to $376M valuation.
Uber Freight's latest innovations include a revamped TMS, a game-changing procurement tool, and deep AI integration that's turning heads.
Flexport, a freight-forwarding giant, is in turmoil as CEO Ryan Petersen aims to stabilize finances, leading to a 30% workforce cut. An expert predicts a challenging future.
Key players FedEx and UPS announce new automation partnerships, furthering the conversation on how advanced tech influences worker negotiations.
Zerobroker's $6.5M brings the company closer to reshaping logistics by cutting out brokerage fees, offering a direct link between shippers and truckers.
California Governor Gavin Newsom's late-night veto decision sparks debate as unions argue against autonomous trucks, fearing job losses.
Analysis of TuSimple's challenges in the autonomous trucking industry and FedEx's impressive financial performance surpassing expectations.
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