Your Weekly Supply Chain & Logistics Tech Roundup

Your Weekly Supply Chain & Logistics Tech Roundup

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QUICK HITS & COMPANY NEWS

  • Maersk orders LNG ships and takes a detour on its green coals. Maersk revisits its fuel strategy amid challenges in securing methanol, opting for LNG as a transitional solution. (WSJ)
  • Nokia tackles warehouse shrinkage with autonomous drones. Nokia's drones enhance inventory accuracy in its Autonomous Inventory Monitoring Service. (Internet of Things News)
  • PBNA opens new warehouse and distribution centre in Tennessee, US. PepsiCo Beverages North America inaugurates its largest Southeast warehouse in Smyrna, Tennessee. (FoodBev Media)
  • Bestpass-Fleetworthy acquires Drivewyze, creating ‘meaningful change to the industry’. The acquisition aims to deliver enhanced efficiency and continuous innovation for customers. (FleetOwner)
  • Georgia Ports expanding inland connectivity. The Georgia Ports Authority boosts its rail cargo capacity to enhance container movement across state and Midwest regions. (AJOT)
  • Port of Virginia expands intermodal rail to reach Midwestern markets. The new rail yard at Norfolk International Terminals enhances links to Midwestern markets. (The Maritime Executive)
  • Airport logistics systems market to be worth $9B by 2031. A new report by Meticulous Research predicts significant growth in the airport logistics systems market. (PR Newswire)


FUNDING NEWS

  • South Korea and China battle for Hapag-Lloyd's $5.4B container ship contract. Hapag-Lloyd announces plans to order large dual-fuel LNG container ships, intensifying competition between shipbuilders. (Business Korea)
  • BBTruck extends pre-series A funding to over $6M to drive global expansion. BBTruck closes its pre-series A round, aiming for global logistics tech expansion. (Yahoo Finance)
  • Self-driving truck startup Aurora Innovation raises $483M in share sale ahead of commercial launch. Aurora Innovation prepares for a driverless future with significant capital injection. (TechCrunch)
  • PHINXT Robotics secures £2M to automate warehouse operations. PHINXT Robotics gains funding to advance its warehouse robot management software. (UKTN)
  • SAF startup Sora Fuel raises $6M seed round led by The Engine Ventures. Sora Fuel secures seed funding to develop sustainable aviation fuel technologies. (Axios)
  • Placer.ai raises $100M Series C at a $1B valuation to accelerate growth and product development. Placer.ai's significant funding round aims to boost its growth and product offerings. (placer.ai)
  • Axle Energy's sprint to decarbonize the grid lights up with $9M seed led by Accel. Axle Energy raises funds to integrate flexible assets into energy markets, enhancing grid stability. (TechCrunch)


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