The 'Fest is a weekly curation of the latest news, information and commentary in Supply Chain & Logistics Tech. As a 'Fest subscriber, you can save $800 off the on-site price ($200 off the current registration price) to Manifest Vegas February 5th - 7th, 2024, at Caesars Forum - but only if you register by midnight tonight, October 27th!
QUICK HITS & COMPANY NEWS
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极智嘉
introduces industry’s tallest mobile robot for up to 12-meter-high warehouse automation. The new robotic solution has already been installed in sites in?North America?and?Asia, and is under deployment for several major global retailers. (PR Newswire)
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美国联合包裹服务
to buy reverse logistics specialist Happy Returns from PayPal. United Parcel Service agreed to acquire Happy Returns, a software and reverse logistics company that handles returns for retailers, from PayPal. (Wall Street Journal)
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Ryder Supply Chain Solutions
acquires Impact Fulfillment Services. IFS specializes in contract packaging, contract manufacturing, and warehousing for some of the largest and best-known consumer brands in the United States. (Commercial Carrier Journal)?
- URB-E evolves into Llama: a symbol of sustainable last-mile innovation.?URB-E proudly introduces its new identity, "Llama," signifying a remarkable shift in focus towards revolutionizing urban logistics and infrastructure. (PR Newswire)
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Kodiak
expands
马士基
autonomous freight lane from Houston to Oklahoma. The 450-mile one-way trips are helping Kodiak refine its technology to remove drivers from long-haul operations. (FleetOwner)
- How Columbia Sportswear is loosening its ties to Asia. Confronted with the U.S.-China trade war and disruptions in the shipping industry, the company is shifting some production to Central America. (The New York Times)
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HawkEye 360
closes additional $10M in Series D-1 funding. HawkEye 360, a Herndon, VA-based defense technology company for space-based radio frequency (RF) data and analytics, raised additional $10M in Series D-1 funding. (FinSMEs)
- Hayden AI closes on $53M Series B.?The oversubscribed round was led by the Drawdown Fund, a growth equity firm dedicated to advancing companies and products that are addressing major drivers of climate change. (BusinessWire)
- Nirvana nabs $57M to make AI inroads into commercial trucking insurance. Nirvana will be using the funding to?continue expanding its big data platform, for hiring and to continue growing its business, which is initially targeting the trucking industry. (TechCrunch)
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Transfix
defies down market to raise $40M for truckload brokerage. Transfix’s investment being announced on the same day Convoy told employees it was winding down operations highlights some of the differences between members of a group broadly defined as “digital brokers.” (Journal of Commerce)
- Logistics startup
Inteluck
raises $34M in Series C funding. Inteluck?will use its new capital to expand its regional footprint, deepen its presence and strengthen its capabilities. (The Business Times)
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Quantum Systems
raises €63.6M Series B becoming the first European company to raise over €100M on dual-use tech. The AI-powered drone robotics company is leading in aerial data intelligence for commercial and defense sectors. (Tech.EU)
Last week we revealed the Manifest Vegas 2024 agenda, featuring 250+ speakers across 120+ sessions including:
- Supply Shortages, Risk, and Costs - Have We Learned from the Recent Past?
- Last Mile Innovations - Leveraging AI, Assets, Partnerships & Technology
- Navigating Global Turmoil & Unforeseen Disruptions
- Recent Advances in Connected and Smart Warehouses
- ESG - Factors in Sustainable Investing and Corporate Decision-Making
- How Ports Are Playing a Role To Enable Seamless Collaboration Across the Supply Chain
- Multimodal Shipping & International Growth - How Is True Visibility Achieved?
- Cross Border Shipping - ?From Compliance and Customs to Transport
- And, Many, Many More!
Take advantage of your exclusive discount as a subscriber of The 'Fest and register before prices increase at Midnight tonight (October 27th)
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NEWLY POSTED JOBS IN LOGISTICS TECH
Great roundup - always insightful to see the future of logistics and supply chain evolving! ?? As Leonardo da Vinci once said, "Simplicity is the ultimate sophistication." This really resonates with the innovation in logistics tech making complex processes more seamless. For those who are also interested in making a profound impact, we have an upcoming sponsorship opportunity for the Guinness World Record of Tree Planting that could align with your sustainable logistics goals. Check it out here: https://bit.ly/TreeGuinnessWorldRecord ?? #Sustainability #Innovation #FutureIsGreen