Daimler Truck added autonomous driving technology to its Class 8 electric eCascadia, creating a demo that addresses future markets for driverless trucks and emission realities that will eventually push out diesel fuel. “We asked ourselves, ‘What would it look like if we combined the freight efficiency potential of an autonomous truck with the promise of…
RailState, a company that offers real-time measuring of rail capacity and performance in North America, announced on Tuesday $4 million in new funding to expand its network and bring AI-powered insights to the rail industry. According to a press release from the company, the $4 million investment was led by a group of private equity…
The first quarter at Expeditors International saw an increase in tonnage handled but a drop in revenues and an even bigger decline in the cost of acquiring transportation. However, it also marked a milestone: It was the first quarter since the third quarter of 2021 when year-on-year tonnage increased for both airfreight and ocean freight….
Aloha Air Cargo has decided to close its Los Angeles-Honolulu lane, effective June 1, because of weak demand, FreightWaves has learned. The route is marketed by Aloha, which signs customers and accepts bookings, but sister airline Northern Air Cargo flies a Boeing 767 for Aloha on a charter basis. Aloha operates the route five days…
Paxafe, an AI software provider for the cold chain market, announced Tuesday it has closed on a $9 million Series A funding round led by Framework Venture Partners with participation from Microsoft venture capital fund M12, Rosecliff Ventures, Elevate Ventures, AngelList Quant Fund, Gaingels and Mama Ventures. This round also included previous investors Ubiquity Ventures…