SoftBank leads $113.5 mln investment in U.S. logistics tech firm Flock Freight

OAKLAND, Dec 1 (Reuters) – Logistics technology firm Flock Freight on Tuesday said it raised $113.5 million in a funding round led by SoftBank Vision Fund 2, making it the fund’s third transportation and logistics technology investment since its launch last year.

Flock Freight’s technology uses an algorithm to help freight carriers fill up trucks with goods from different companies, ordered for direct delivery.

In that way, carriers can avoid logistic hubs where often goods are sorted and reloaded for delivery – a process prone to delays and damage, said Oren Zaslansky, chief executive officer and founder of Flock Freight.

Zaslansky said the new funds raised would be used to hire experts in operations research and applied mathematics. He said Flock Freight is able to charge at least 10% more than traditional carriers as its service cuts delays and damage.

The company, which has raised $184 million raised to date,

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Power of modern technology in logistics sector

Fact sheet

Solution: Microsoft Azure, Tableau

Industry: Mineral freight logistics

Provider: Keyrus

User: Grindrod Terminals

An ambitious, multi-phase digitalisation and automatisation project has provided unparalleled visibility process at SA’s largest mineral freight logistics company Grindrod. 

Keyrus, a leading business data intelligence consultancy, used cloud-based technologies and Industrial Internet of things (IIOT) to develop a comprehensive solution that gives Grindrod’s Terminal business significantly improved performance of their operations.

The solution highlights the power of modern technology to solve business challenges. It includes a combination of data streaming, analytics, logic matching and visualisation technologies and was designed using a range of Microsoft Azure services, Microsoft SQL Server Integration Services (SSIS) and Tableau visualisation software.

The system collects and captures data from multiple operational processes, equipment and locations to update a single, central application as events occur. Management now has access to relevant information, at the appropriate level of detail, enabling improved

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Logmore Launches First Logistics Monitor Designed for COVID-19 Vaccine Delivery

HELSINKI–(BUSINESS WIRE)–November 25, 2020–

Supply chain analytics solution provider Logmore has announced the launch of its latest product. Logmore Dry Ice, a high-spec version of Logmore’s original data recorder, has been adapted for cold and sub-zero conditions. The solution is designed for sensitive shipments, such as the COVID-19 vaccine the moment it becomes available.

This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20201125005841/en/

COVID 19 Logistics Monitor by Logmore (Photo: Logmore)

COVID 19 Logistics Monitor by Logmore (Photo: Logmore)

Since its founding in 2017, Logmore has disrupted logistics monitoring with its use of loggers that sync with the cloud using dynamic QR codes, allowing anyone with a smartphone to update secure systems with the latest conditions and locations of shipments.

Logmore Dry Ice redefines monitoring of cold chain shipments from standard fridge temperatures (2-8°C) all the way down to deep freeze levels of -100°C. This makes it ideal for transporting the COVID-19 vaccines, which require deep

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Logistics sector ‘won’t avoid the touchless technology revolution’ | United Arab Emirates | Supply Chain

The current global situation has required the adaptation to a ‘new normal’, a time where social and physical distancing is required along with the use of sanitizing procedures.

Industries have turned to technology to help its consumers, not only to engage with each other, but to tackle the problems the world is facing today.

IPlan Ideas Technologies (IPI Tech) is a newly launched establishment (extension of IPlan Ideas Events) that offers innovative turnkey technology solutions to a variety of businesses.

As a subsidiary of the reputable Hawas Group, now in its seventh year, IPI Tech has boldly ventured into the many advances in technical ingenuity and creative conceptions from its impressive portfolio of products such as Dimenco with its contactless 3D Interface, robotics with Revotonix to its current exclusive partnership with Ultraleap, a pioneering hand-tracking and mid-haptic technology provider.

IPI Tech, along with Ultraleap, recognized the increasing demand of non-touch

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Blockchain Technology Market in Transportation and Logistics Industry | Decelerating Growth During 2020-2024 | Technavio

LONDON–(BUSINESS WIRE)–The blockchain technology market in transportation and logistics industry market is expected to post decremental growth of USD 811.51 million during 2020-2024, according to Technavio. The report offers a detailed analysis of the impact of COVID-19 pandemic on the blockchain technology market in transportation and logistics industry in optimistic, probable, and pessimistic forecast scenarios.

Enterprises will go through Response, Recovery, and Renew phases. Download a Free Sample Report on COVID-19

The blockchain technology market in transportation and logistics industry market will witness a neutral impact during the forecast period owing to the widespread growth of the COVID-19 pandemic. As per Technavio’s pandemic-focused market research, market growth is likely to increase as compared to 2019.

With the continuing spread of the novel coronavirus pandemic, organizations across the globe are gradually flattening their recessionary curve by leveraging technology. Many businesses will go through response, recovery, and renewal phases. Building

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Choice Logistics: A Pioneer Emerges as a Modern Leader in Global Logistics

NEW YORK–(BUSINESS WIRE)–Matthew McKeever, Chief Executive Officer of Choice Logistics, announced today sweeping updates to the company’s branding and go-to-market messaging, marked by a refreshed website and changes in the way the company defines and discusses its services and capabilities.

“Choice Logistics has evolved from a service parts, on-demand, delivery business primarily focused on the US market, to a global logistics provider with end-to-end capabilities powered by data and technology,” McKeever explained, “Choice’s deep history and experience in the on-demand market has uniquely positioned the company to develop technology to manage inventory and transportation on a global scale. Our technology has evolved to include milestone tracking and oversight for all modes of transportation, including import and export activities, allowing for optimal management of a full lifecycle logistics program,” McKeever continued.

“Today, we are advancing our proprietary technology to provide effective, real-time, transparent solutions that connect our global logistics

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ePost Global LLC Completes Acquisition of International Mail and Parcel Logistics Business

International shipping solutions provider retains key personnel as it continues to provide cost-effective, global delivery solutions

CHICAGO, Nov. 11, 2020 (GLOBE NEWSWIRE) — ePost Global LLC, a tech-enabled global shipping solutions provider, has completed its acquisition of the International Mail and Parcel Logistics Business (“International Logistics”) from R.R. Donnelley & Sons Company. ePost Global will retain International Logistics employees, customers, and vendors as it leverages emerging technology to drive innovation in the logistics industry.

“Our experienced team has a long history of helping customers simplify the complexities of international shipping” said Kelly Martinez, Vice President of Sales & Marketing at ePost Global. “I’m excited to be part of a team bringing innovation, knowledge and technical expertise to help our customers expand their global business.”

As part of the acquisition, ePost Global retains critical personnel to help ensure a seamless transition for key stakeholders across the business. ePost Global will provide

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Transplace Appoints New CMO Carmen Palo to Reinforce Focus on High Tech Logistics Innovations

Tech marketing executive to elevate communications strategies for leading 3PL

Transplace, the premier provider of logistics technology and services, appoints new chief marketing officer Carmen Palo, a seasoned marketing executive with a career focus in technology. Palo will enhance integrated communications strategies to extend Transplace’s reach and better serve its diverse clients of globally recognized brands.

“Carmen is a welcome addition to the Transplace executive team,” said Frank McGuigan, chief executive officer at Transplace. “She will drive momentum in building our brand and will amplify our mission to empower high-performance supply chains with advanced technology and analytics.”

“Transplace is a logistics tech and services powerhouse,” said Palo. “I’m excited to join a team of visionary industry leaders who embrace next-generation technology to advance solutions. A core focus on day-one is to align and optimize the integrated marketing communications function to better address the needs of our clients.”

With more than

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Uber Freight joins XPO on list of best logistics firms for first time

  • Uber Freight made FourKites’ list of the top logistics companies for the first time during the third quarter.
  • To make the list, firms need to carry at least 300 loads for FourKites customers and earn high marks on how often and how well they keep shippers updated on the whereabouts of their cargo.
  • FourKites has published the quarterly list since January 2019.
  • Are you a current or former Uber employee? Do you have an opinion about what it’s like to work there? Contact this reporter at [email protected], on Signal at 646-768-4712, or via his encrypted email address [email protected]
  • Visit Business Insider’s homepage for more stories.

Uber Freight made FourKites’ list of the best freight carriers, brokers, and third-party logistics firms during the third quarter, the first time the ride-hailing company’s logistics division has earned that designation.

To make the list, companies need to carry at least 300 loads for FourKites

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