VELA, a pioneering French company innovating in 100% wind-powered maritime transport, is proud to announce a significant funding round of €40 million ($43 million USD)—a round led by Crédit Mutuel Impact, 11th Hour Racing & BPI – French Public Investment Bank. This major fundraising…
SEKO Logistics Reaches Definitive Agreement on a Landmark Transaction to Enhance Stability and Accelerate Long-Term Growth Trajectory SEKO Logistics (“SEKO” or the “Company”), the leader in end-to-end global logistics, today announced that it has successfully entered into a definitive agreement…
Truckload freight volumes and rates continued on divergent paths in August, with shipments rising and prices falling for the third straight month, said DAT Freight & Analytics, which operates the DAT One freight marketplace and DAT iQ data analytics service.…
Odyssey Logistics, a global leader in logistics and technology solutions, announced Lisa Yankie has joined the executive team as Chief Human Resources Officer. Yankie brings over 25 years of experience and will lead the evolution of Odyssey’s human capital strategy,…
Generational Capital Markets (GCM), a prominent mergers and acquisitions advisor for privately held businesses and a member of FINRA/SIPC, is pleased to announce the successful sale of its client, Foundation Logistics, to Radiant Logistics. The acquisition, effective September 1, 2024,…
UPS (NYSE: UPS) has announced an agreement to acquire Frigo-Trans and its affiliate BPL, renowned providers of complex healthcare logistics based in Germany. This acquisition will strengthen UPS’s comprehensive healthcare logistics capabilities across Europe, catering to the growing demand for…
Aurora Innovation, Inc. (NASDAQ: AUR) is hosting a two-day Partner Summit to unveil significant updates, including its new Partner Success Program and plans to expand its route between El Paso, Texas, and Phoenix, Arizona. “Our focus on engaging with key…
Attorney Amy Witherite, whose firm specializes in motor vehicle accidents, is advocating for regulations on driverless trucks. A public opinion poll commissioned by Advocates for Highway and Auto Safety found that 86% of respondents expressed concerns about sharing the road with driverless…
Add after second paragraph of release: With this most recent announcement, 17 percent of BNSF’s union-represented workforce is covered by a pending tentative agreement.The updated release reads: BNSF REACHES TENTATIVE COLLECTIVE AGREEMENTS WITH TWO ADDITIONAL LABOR UNIONS Agreement comes months…
Kargo, a leader in artificial intelligence (AI) technology for logistics, and Armada Supply Chain Solutions, LLC, a leading supply chain solutions provider, announce the successful rollout of Kargo’s computer vision solution at 240 dock doors to automate inventory management across Armada’s…
Ryder System, Inc. (NYSE: R), a leader in supply chain, dedicated transportation, and fleet management solutions, announces its recognition as one of the Top 10 3PLs in the 2024 Readers’ Choice Excellence Awards by Inbound Logistics. This is the third consecutive year Ryder has been named…
Kargo, a leader in industrial artificial intelligence (AI) solutions, today announced the Kargo Lift, a new addition to the Kargo product portfolio. Purpose-built for forklifts and automated guided vehicles (AGV), the Kargo Lift extends the AI capabilities of the Kargo Towers, automating…