Tag Archive : logistics

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Intel Corp. today introduced DWS, a new software product that promises streamline the supply chain operations of companies such as retailers by automating the labor-intensive chore of measuring packages’ dimensions and volume.

Intel, best known for its chips, also has a presence in a few other markets. Among others, the company sells a line of enterprise-grade depth cameras under the RealSense brand that can be used for tasks such as equipping industrial robotics with computer vision capabilities. The new DWS software announced today works with the RealSense L515 (pictured), a lidar depth camera introduced last December that Intel touts as the world’s smallest high-resolution lidar camera.

Measuring packages is an important part of running a modern supply chain. Delivery companies need to accurately log items’ size and volume to determine how best to allocate cargo capacity in their trucks. An e-commerce company, meanwhile, can use volume measurements of merchandise in

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Advantech Service-IoT GmbH, a leading provider of industrial computing solutions, announces its partnership with Quanergy Systems Inc., the leading provider of LiDAR (Light Detection and Ranging) sensors and smart perception solutions. Quanergy sensors and software are a welcome addition to Advantech’s edge servers, offering customers and partners to build LiDAR enabled 3D IoT solutions, both in intelligent Logistics and Smart City Services. Advantech’s wide range of edge servers, from low-cost small-format servers for indoor retail environments, to certified devices for respectively automotive, rail and marine applications, to rack servers for data centers, ensures that a suitable platform can be offered for every LiDAR application.

This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20201013005753/en/

Quanergy and Advantech Announce Partnership to Build LiDAR-based 3D IoT Solutions for Smart City and Logistics (Photo: Business Wire).

Occupational safety and increased efficiency

3D LiDAR sensors from Quanergy can prevent collisions between vehicles and

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Flash Express, a two-year-old logistics startup that works with e-commerce firms in Thailand, said on Monday it has raised $200 million in a new financing round as it looks to double down on a rapidly growing market spurred by demand due to the coronavirus pandemic.

The funding, a Series D, was led by PTT Oil and Retail Business Public Company Limited, the marquee oil and retail businesses of Thai conglomerate PTT. Durbell and Krungsri Finnovate, two other top conglomerates in the Southeast Asian country, also participated in the round, which brings Flash Express’ to-date raise to about $400 million.

Flash Express, which operates door-to-door pickup and delivery service, claims to be the second largest private player to operate in this space. The startup, which also counts Alibaba as an investor, entered the market with delivery fees as low as 60 cents per parcel, a move that allowed it to quickly

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(Uber Freight Photo)

Uber Freight, the trucking logistics arm of Uber, today announced a $500 million investment led by Greenbriar that values the unit at $3.3 billion.

Uber Freight helps match carriers with shipper’s loads, using technology to expedite and automate a traditionally manual process that involves email and phone calls. Since launching in 2017, it has nearly 65,000 carriers in its network and works with shippers including AB Inbev, Nestle, LG, Niagara Bottling, Heineken, Land O’Lakes, and more.

Convoy hires former Expedia CEO as president and COO as digital freight startup tops 1k employees

“Uber Freight has created an innovative and effective approach to logistics technology that we believe is highly scalable in the coming years,” Michael Weiss, managing partner of Greenbriar, said in a statement. “In particular, we believe that carriers and shippers will be increasingly attracted to the convenience and simplicity that Uber Freight offers in a

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Series A investment by Greenbriar will accelerate Uber Freight’s broad market adoption and expand reach

Uber Technologies, Inc. (NYSE: UBER) and Greenbriar Equity Group, L.P. (Greenbriar), a New York-based investment firm and one of the leading investors in the logistics space, announced today that an investor group led by Greenbriar has committed to invest $500 million in a Series A preferred stock financing for Uber Freight, the logistics arm of Uber, valuing the unit at $3.3 billion on a post-money basis. Uber will maintain majority ownership in Uber Freight and will use the funds to continue to scale its logistics platform and accelerate product innovation to equip shippers with technology to power their supply chains.

In connection with the investment, Michael Weiss and Jill Raker, Managing Partners of Greenbriar, will join the Uber Freight Board of Directors. With a combination of more than 40 years of investing experience in logistics,

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In a move to expand its business into the logistics and delivery segment, ride-hailing startup Via today announced that it acquired Fleetonomy for an undisclosed sum. Via, which says it plans to apply Fleetonomy’s expertise in demand prediction and fleet utilization to support fully integrated, digitally powered logistics solutions, says the pandemic has highlighted the growing need for essential services and goods delivery.

Tel Aviv-based Fleetonomy, which was founded in 2017 by CEO Israel Duanis and CTO Lior Gerenstein, taps AI to analyze data and deliver insights with the goal of maximizing inventory and promoting proactive maintenance. The company provides white label ride-sharing and on-demand car subscription services that can accommodate semiautonomous and autonomous fleets. With Fleetonomy’s cloud-based suite of tools, managers can simulate services before deploying cars on the road, adjusting for factors such as fleet size, parking, charging locations, demand, and more.

“As we continue to build the

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