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Supply Chain Services | December 04, 2020
Sole Source Capital LLC ("Sole Source" or the "Firm"), a ndustrial-focused private equity firm giving funding to North American lower-middle market organizations, today reported that its portfolio organization, Supply Chain Services ("the Company"), a premier supplier of automatic identification and data capture (AIDC) and factory automation solutions answers to customers across North America, has acquired Coridian Technologies, Inc. ("Coridian"), a leadin...
Beacon | October 04, 2021
Beacon, the digital supply chain and freight platform, has raised over $50 million in its Series B round, led by Northstar.vc. Upper90 also participated as a new investor. The fresh capital will be used to grow the team, continue the development of Beacon's technology and expand into new markets.
Since completing its Series A in early 2020, Beacon has experienced hyper growth as a result of surging customer demand. Revenue has grown 12x in the last 12 months, while the team ha...
FedEx | September 28, 2020
FedEx is working with Reliable Robotics to pilot the use of an unmanned single-engine aircraft for cargo delivery, CEO Fred Smith said during the annual stockholder meeting Monday. "This initiative deals with smaller turboprop airplanes and in this case the single-engine C208, which we are looking at putting in very remote and uninhabited areas as part of our network," Smith said. The company does not have plans to replace its current aircraft fleet with autonomous alternatives, he sai...
Maersk | December 09, 2020
To bring more transparency and dependability import and export shipments, India's driving digital forwarding startup Freightwalla has collaborated with Maersk to offer spot rates on its platform.
Inaccuracy and un-reliability were the two huge difficulties that are being unraveled by Freightwalla while giving end-to-end supply chain services to the bigger EXIM fraternity. It will offer admittance to spot rates 24/7, give precise data, and give confirmation of stacking on the a...
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