Forward Air taps Ceva unit head as next CEO

Forward Air has named former Ceva Logistics unit head Shawn Stewart as its new CEO effective this coming Sunday. The announcement follows the ouster of former leader Thomas Schmitt, which orchestrated a controversial merger with Omni Logistics that finally closed in January after months of litigation. Stewart brings nearly 30 years of leadership experience in…

Universal Transit: Pioneering AI to transform auto transportation

Universal Transit, a groundbreaking company founded by three innovative friends in New Jersey in 2020, is on a mission to revolutionize the auto transportation sector.  With aspirations to raise $1.2 million through regulation crowdfunding (Reg CF) on Republic, this startup is not merely aiming to alter the landscape of car shipping; it’s actively leading the…

Semi-Stow rebrands as Outpost, raises $12.5M

Commercial vehicle parking and storage provider Semi-Stow announced Tuesday it has rebranded itself to Outpost and has raised $12.5 million in Series A funding led by GreenPoint Partners with participation from Speedwagon Capital Partners. The United States currently has approximately 313,000 truck parking spaces for a populace exceeding 3.5 million active drivers. This translates to…

To stock analysts, container size matters

SONAR customers run the gamut from multinational shippers to carriers, logistics companies, consultancies, government agencies, and buy- and sell-side stock analysts. Use cases for the intermodal data in SONAR are similarly varied. Shippers can use intermodal volume data by lane for clues on whether other shippers are seeing value in rail intermodal compared to truckload….