Register now for Manifest Vegas 2024, taking place February 5th - 7th, 2024 at Caesars Forum. Exclusive to subscribers of The 'Fest, save an additional $200 off the current registration price. The earlier you register, the more you save!
QUICK HITS & COMPANY NEWS
- Target's strategy to compete with Amazon & Walmart in fast shipping. Target will invest $100M in local sortation centers to keep up with Amazon and Walmart. (WSJ)
- Norwegian unicorn,
Gelato
, fights shipping emissions. With investors such as SoftBank, Insight and Harald Mix, Gelato wants to transform global production. (Sifted)
- Scania to launch pay-per-use electric truck joint venture. Swedish truckmaker teams up with German logistics start-up to roll out e-truck rentals. (Financial Times)
- WiseTech Global acquires Sistemas Casa to expand global customs capability into Mexico. WiseTech Global (ASX:WTC), developer of leading logistics execution software CargoWise, today announces it has acquired Sistemas Casa, a provider of customs and international trade software solutions in Mexico. (WiseTech Global)
- The growing cyber threat to global shipping. The cyberattack that paralyzed several major Australian ports was a sharp reminder of what governments and experts say is a growing threat to shipping, the lifeblood of the global economy. (Yahoo News)
- The
Port of Los Angeles
and
Port of Long Beach
will offer $60M in vouchers to aid in purchase of zero-emission trucks. The vouchers to acquire Class 8 drayage trucks come ahead of emissions rules for new trucks in California. (Supply Chain Dive)
- ConMet Acquires TruckLabs, the Creator of TruckWings. The acquisition is part of ConMet’s 60-plus year commitment to designing, engineering, and manufacturing revolutionary technologies for heavy-duty commercial vehicles. (ConMet)
- FreightWise acquires TMS provider Kuebix from Trimble. The acquisition was announced Thursday and comes just over a year after Trimble announced it was shutting down Kuebix as the company pivoted to another platform. (FreightWaves)
- Volvo to buy battery business from Proterra for $210M. Proterra and Proterra Operating Company are in a voluntary Chapter 11 bankruptcy process in the U.S. and Volvo has been selected as the buyer via an auction process. (MarketWatch)
-
Ocado Group
do to provide warehouse technology to McKesson Canada. Ocado Group will provide automated warehouse-fulfilment technology to healthcare provider and pharmaceutical distributor McKesson Canada.(MarketWatch)
-
Torc Robotics
commercialization plans include fleet-focused self-driving Cascadias in 2027. Leaders from the Daimler Truck subsidiary shared how the company plans to scale its autonomous truck technology this decade. (FleetOwner)
- Getir acquires NYC's FreshDirect. The strategic move underlines Getir's ambition to grow in North America. (Tech.EU)
- Able-On receives $7.25M to include AI in the logistics chain. The funding will boost marketing efforts and enhance the AI platform for managing client health in sectors like medicine delivery, refrigeration, and food. (LatamList)
- Stockoss, a French logistics tech startup, has raised €4M in seed funding led by London VC Pi Labs. The investment will enable Stockoss to take its solution and expand its logistics network to new geographies such as the UK, Germany and Spain. (Tech Funding News)
- Digital industrial manufacturing system Divergent Technologies Inc. raised $230M in Series D funding led by Hexagon AB. The company that has invented, developed, and commercialized the world's first end-to-end digital industrial manufacturing system. (PR Newswire)
- Trax, a Boston, MA-based provider of image recognition solutions transforming brick-and-mortar retail, raised $50M in financing. The company intends to use the funds to accelerate its investment in signal-based merchandising to drive higher ROI for brands and retailers on their investment in retail execution. (FinSMEs)
- ShippyPro, the leading shipping platform for commerce, today announced a new $15M Series B round from Five Elms Capital. This investment will fuel the mission of the company to eliminate shipping complexities for businesses by optimizing every aspect of fulfillment. (PR Newswire)
- Fillogic closes $13M Series A, and grabs third spot on FreightTech 25. Fillogic leverages what it has coined “channel-free logistics,” a competing fulfillment model to the traditional omnichannel experience. (FreightWaves)
- Digital industrial manufacturing firm Divergent Technologies locks up $230 M series D. The company will accelerate the commercialization of its digital manufacturing system that uses generative AI and 3D printing. (CrunchBase)
CELEBRATE & ELEVATE WOMEN
Manifest Vegas 2024 is pleased to announce the 2024 Women's Lunch on Wednesday, February 7th at 12:30 pm, presented in partnership with DHL Supply Chain, FlavorCloud, Food Logistics, and Supply & Demand Chain Executive.
Admission to the Women's Lunch is just one of the many opportunities included with your Manifest Vegas 2024 registration. Register now to take advantage of your additional $200 discount as a 'Fest subscriber. Register Now
NEWLY POSTED JOBS IN LOGISTICS TECH
- Director, Enterprise Applications & Data - TireHub, Atlanta, GA
- Operations Manager - Outbound - REI, Goodyear, AZ
- Director of Supply Chain - Saildrone Inc, Alameda, CA
- Vice President Supply Chain - Bohan & Bradstreet, Shelton, CT
- Director Supply Chain COE - SharkNinja, Needham, MA
- Head Operations Manager - Juice Press, New York, NY
