Convoy heralds $260 million capital funding raise, bringing total value to $3.8 billion

Seattle-based digital freight network Convoy said today it has raised $260 million worth of new funding, which will be geared towards accelerating the development of what it called its ‚Äúefficiency-focused technologies in response to surging customer demand within the $800 billion trucking industry.‚ÄĚ The new funding includes: a $160 million Series E preferred equity round… Continue reading Convoy heralds $260 million capital funding raise, bringing total value to $3.8 billion

Capital Express and ADL Delivery partner up for final mile delivery platform initiative

Earlier this week, two regional final mile delivery service providers‚ÄĒCapital Express, an Omaha-based final mile delivery company, and ADL Delivery, a Tampa-based final mile delivery company‚ÄĒannounced they have partnered up to form a holding company, or platform, focused on building a national provider of customized and final mile logistics services. Established in 1987, Capital Express… Continue reading Capital Express and ADL Delivery partner up for final mile delivery platform initiative

DF Capital earmarks £30m for start-ups

24th February 2022 DF Capital is designating ¬£30m of inventory finance facilities for start-up and young businesses across its key industries in the UK this year. The initiative will see credit made available for early-stage dealers and distributors in the agriculture, materials handling, industrial, lodges & holiday home, motorhome & caravan, motorcycle, marine, and transport… Continue reading DF Capital earmarks ¬£30m for start-ups

CargoBeamer raises capital and appoints new CEO

The Supervisory Board of CargoBeamer, a European pioneer in decarbonising freight traffic, has appointed Nicolas Albrecht (33) as the Company‚Äôs new CEO. Albrecht joined the Executive Board in January 2020 as Chief Business Development Officer. Dr. Hans-J√ľrgen Weidemann (59), co-founder and former CEO, continues to oversee the Company‚Äôs patented technology development as Chief Technology Officer… Continue reading CargoBeamer raises capital and appoints new CEO