E2open, a provider of supply chain software with disastrous fourth-quarter fiscal year 2023 earnings that sent the company’s stock plunging, began to turn things around in the quarter that ended May 31. The first quarter of the company’s 2024 fiscal year was by some measures not much better than the prior quarter or the corresponding…
The Canadian west coast ports strike is creating a trade situation we have not seen since COVID. The ITS Logistics Port/Rail Ramp Freight Index shows nothing but a sea of red, and the fuel heating up this dumpster fire is the reconsignment of containers once bound for Canada, which will now be unloaded in the…
Real-time visibility provider Tive announced Tuesday it has completed upgrading its solutions to enable full end-to-end shipment transparency. Tive’s trackers and the data derived from them can now be integrated directly into customers’ transportation management systems, warehouse management systems and other management solutions through an application programming interface integration with the company’s cloud-based platform. “With…
Redwood Logistics said Tuesday that it has acquired Rockfarm Supply Chain Solutions and Global Distribution and Logistics, a move that Redwood’s CEO said will enhance the company’s geographic scope and add a strong customer base for what he termed its “modern 4PL” services. Terms of the transaction were not disclosed. Based in Dubuque, Iowa, and…
The weak freight market has taken its toll on FreightTech valuations. FreightWaves late Monday obtained a release showing digital freight marketplace Transfix is looking to raise a $50 million Series F at a $376 million valuation, a 60% reduction from the $940 million the New York City-based company was valued at in its last funding…