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- Aifleet raises $16M Series B, Uber Freight hits $20B in managed freight, Platform Science buys Trimble's global transportation business units
Aifleet raises $16M Series B, Uber Freight hits $20B in managed freight, Platform Science buys Trimble's global transportation business units
Supply Chain Tech Trends
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Welcome back to Supply Chain Tech Trends, your twice monthly deep dive on supply chain tech news, events and analysis, written by Operator Stack.
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Top News
1) FreightTech startup Aifleet raises $16M Series B to expand operations.
2) Uber Freight reaches $20B in managed freight.
3) Platform Science to acquire Trimble’s global transportation telematics business units.
“We believe combining our global transportation telematics portfolio with Platform Science’s will further advance fleet mobility and provide our customers with a broader portfolio of solutions to solve industry problems.”
Notable Fundings
EasyYa, a Chinese cross-border e-commerce company that specializes in connecting factories and overseas buyers, raised $21M in funding led by CICC Capital Management.
Zekju, a trailblazer in digital communication solutions for the logistics industry, raised $20M in funding led by 20VC.
Aifleet, an Austin, TX-based tech-driven trucking company, raised $16M in funding led by Heron Rock.
Retraced, a platform that enables fashion and textile brands to digitize and trace their supply chains, raised $16M in funding led by Partech.
Warehow, a UK-based e-commerce fulfilment startup for retailers, raised $3M in funding led by Midlands Engine Investment Fund II.
Tavoro, a company modernizing fulfillment warehouse management, raised $3M in funding led by undisclosed investors.
Optioryx, a company focused on making supply chains more efficient and sustainable, received a strategic investment from Network Venture Partners.
Links to Ponder
DSV to buy Deutsche Bahn’s DB Schenker arm for over $12 Billion
Boeing freezes hiring, considers furloughs as strike could cost $3.5B
TuSimple settles fraud lawsuit for $189M
The Trucking Industry is losing over 400 Carriers Per Week! The Average Net Change in Trucking Authorities has been negative every week outside of just a few since Nov of 2022. There are currently 345k total available carriers, down from a peak of 390k when this decline started.
— Tanner DeHart (@FR8Professor)
2:03 PM • Sep 9, 2024
🎤Upcoming Conferences
CSCMP EDGE 2024: September 29-October 2nd, Nashville, TN
ATA Management Conference & Exhibition: October 12-15th, Nashville, TN
Freightwaves F3 Future of Freight Festival: November 19-21st, Chattanooga, TN