- Supply Chain Tech Trends
- Posts
- Milton deals estimated $160B of damage, Dave Clark raises $100M for Auger, J.B. Hunt beats on earnings
Milton deals estimated $160B of damage, Dave Clark raises $100M for Auger, J.B. Hunt beats on earnings
Supply Chain Tech Trends
Welcome back to Supply Chain Tech Trends, your twice monthly deep dive on supply chain tech news, events and analysis, written by Operator Stack.
Was this email forwarded to you? Subscribe Here
Top News
1) Hurricane Milton deals estimated $160B blow in damage, economic loss.
2) Dave Clark launches Auger, raises $100M for the AI venture.
3) J.B. Hunt sees normal seasonality in Q3, beats on earnings.
“With Hurricane Milton’s total damage and economic losses of $160-180 billion, the sum of two hurricanes in just three weeks elapsed time has a total damage and economic loss of near 2% of the country’s GDP.”
Notable Fundings
Auger, an AI-powered startup aiming to build a modern supply-chain OS, raised $100M in funding led by Oak HC/FT.
Ghost, a Los Angeles, CA-based B2B marketplace connecting brands and retailers, raised $40M in funding led by L Catterton.
Pallet, a unified transportation and warehouse management system, raised $18M in funding led by Bain Capital Ventures.
Corvus Robotics, Mountain View, CA-based provider of autonomous inventory management systems, raised $18M in funding led by S2G Ventures and Spero Ventures.
Cartage, an autonomous freight coordination platform, raised $3M in funding led by YCombinator and other notable investors.
Elixia, a logistics automation startup, raised $1M in funding led by JITO Incubation and Innovation Foundation.
Links to Ponder
Warehouse construction is tumbling as vacancy rates rise
The battle over robots at U.S. ports is on
Amazon airline sells excess cargo capacity to third-party shippers for the first time
Space Shuttle: ~ $100,000 per kg to LEO
SpaceX Starship: ~ $100 per kg to LEO
Express Air Freight: ~ $10 per kg
Starship is basically the commercial aircraft of space travel.
— ALEX (@ajtourville)
3:51 AM • Oct 14, 2024
🎤Upcoming Conferences
Freightwaves F3 Future of Freight Festival: November 19-21st, Chattanooga, TN
SMC3 Jumpstart: January 27-29th, Atlanta, GA