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The post FreightWaves Infographics: FreightTech startup Aifleet raises $16M Series B to expand operations appeared first on FreightWaves.
J.B. Hunt Transport Services announced Thursday it has entered a long-term intermodal deal with Walmart that includes volume and capacity commitments. As part of the deal, J.B. Hunt will acquire Walmart’s intermodal assets. The multiyear deal expands an existing relationship between the two Northwest Arkansas companies, with J.B. Hunt (NASDAQ: JBHT) buying Walmart’s (NYSE: WMT)…
Boosted by shipments of cars, computers, auto parts and commercial vehicles to the United States, Mexico was the top U.S. trade partner in May, at $73 billion, according to data from the Census Bureau. It was the fifth consecutive month and 15th of the past 16 months Mexico has been No. 1 in trade with…
ATLANTA — Jordan Graft sees a lot of corruption, bad actors and fraudsters in the trucking industry. “People used to be able to hire a carrier based on three emails, passing a rules assessment and an insurance certification and that’s just not possible anymore. The world’s just changed,” Graft, founder and CEO of Highway, said…
Cybersecurity has been a growing concern for freight and logistics companies over the past few decades. By now, all major companies have at least some online presence and have taken efforts to protect data. However, only 54% of companies around the globe include third-party risk management in their cybersecurity programs. Third-party risk management, a key…
Freightos, a digital marketplace for air and ocean freight, reported adjusted losses before accounting measures increased 83% to $5.8 million in the first quarter due to ongoing investments in R&D and customer acquisition, despite transaction levels doubling. The results suggest that transactional fees are still too thin to overcome ongoing startup costs. A major slowdown…
Chief Commercial Officer Eric Wilson has left freighter operator Amerijet International Airlines amid shrinking cargo sales, adding to the turmoil that has engulfed the Miami-based airline for the past year. Wilson resigned on Friday after three years “to pursue other opportunities,” Christine Richard, senior marketing director, confirmed in an email. But multiple sources familiar with…