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- XPO beats revenue estimates, C.H. Robinson tops Q3 earnings, U.S. grants $2.4B for rail upgrades
XPO beats revenue estimates, C.H. Robinson tops Q3 earnings, U.S. grants $2.4B for rail upgrades
Supply Chain Tech Trends
Happy Halloween 👻 👻 👻
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) XPO beats revenue estimates on stronger freight rates.
2) C.H. Robinson tops Q3 earnings and revenue estimates.
3) U.S. grants $2.4B for rail infrastructure upgrades.
“We’re delivering on the strong results we promised for 2024, while positioning the business to accelerate earnings growth when the freight market recovers.”
Notable Fundings
Third Wave Automation, a provider of autonomous high-reach forklifts powered by shared autonomy, raised $27M in funding led by Woven Capital.
Air White Whale, a Chinese aerospace firm, raised $17M in funding led by Changzhou Hi-tech Group.
Cofactr, an automated electronic component procurement and inventory management platform, raised $17M in funding led by Skeptical Investments.
Latii, a New York City-based proptech startup, raised $5M in funding led by Leadout Capital.
Pargo, a South African eCommerce logistics startup, raised $4M in funding led by 3Capital Ventures, Endeavor, AAD Investment Holdings and UW Ventures.
Andalin, a Jakarta-based digital freight forwarding company, raised $2M in funding led by ATM Capital.
Links to Ponder
AI technology helps fleet managers detect drowsy drivers
New Arizona-Mexico commercial port gets $275M contract
Why designing a modern-day container terminal is more complex than ever before
In a week where $MAERSK raised its Q3 guidance amid a
strong ocean container market boosted by rerouting of ships from the Red Sea onto longer and more costly voyages, the Drewry #container#freight index continued to fall, down 3.8% this past week to $3,095 per box. Led by… x.com/i/web/status/1…— Ole S Hansen (@Ole_S_Hansen)
12:38 PM • Oct 24, 2024
🎤Upcoming Conferences
Freightwaves F3 Future of Freight Festival: November 19-21st, Chattanooga, TN
SMC3 Jumpstart: January 27-29th, Atlanta, GA