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YC-backed Oway raises $4M to build a decentralized ‘Uber for freight’

Thousands of semi trucks that cut across the U.S. highway system each day are harboring a secret: they’re only about half full. That inefficiency represents a multi-billion dollar opportunity. And one that a few companies like Uber Freight and Flock Freight are already chasing as part of broader business models that match truck drivers with companies selling goods. San Francisco-based startup Oway is seeking out a narrower business model that more closely resembles Uber for freight, especially

Uber Freight CEO joins self-driving truck company Waabi, says era of autonomous big rigs on U.S. roads is here

Lior Ron, founder and CEO of Uber Freight, is joining self-driving truck startup Waabi as chief operating officer. The move, Ron says, is based on his belief that the era of autonomous big rigs on the roads at scale is here, with the freight industry to be transformed by the economics of driverless technology in the semi cab. "The first decade of my career in logistics was building Uber Freight, putting the rails in place to usher in the era of digitalization for logistics," Ron said. "It's ti

Flexport sells former freight unicorn Convoy’s tech 2 years after buying it

Two years ago, logistics company Flexport bought the assets of Convoy, a former freight tech unicorn that had closed up shop. Now it’s sold that platform and delivered a “massive return on investment for Flexport.” Flexport announced the sale on Monday to DAT Freight & Analytics but declined to disclose terms. “Over the past 18 months, we rebuilt and relaunched the [Convoy] platform as a neutral digital freight execution layer that serves brokers, carriers, and shippers across the market,” Fle

Flexport sells former freight unicorn Convoy’s tech two years after buying it

Two years ago, logistics company Flexport bought the assets of Convoy, a former freight tech unicorn that had closed up shop. Now it’s sold that platform and delivered a “massive return on investment for Flexport.” Flexport announced the sale on Monday to DAT Freight & Analytics, but declined to disclose terms. “Over the past 18 months, we rebuilt and relaunched the [Convoy] platform as a neutral digital freight execution layer that serves brokers, carriers, and shippers across the market,” Fl

Trucking's uneasy relationship with new tech

Trucking's uneasy relationship with new tech 4 days ago Share Save Sam Gruet Technology Reporter Reporting from Vancouver Share Save Getty Images Digital trucking apps look to minimise trucks without cargo When Jared first started out in trucking more than two decades ago, he didn't anticipate he'd be on tour with a country music star, hauling guitars, amps, and other pieces of on-stage equipment. "It just happened, right place, right time," the Canadian driver, who prefers not to use his sur

Trucking's uneasy relationship with new tech

Trucking's uneasy relationship with new tech 41 minutes ago Share Save Sam Gruet Technology Reporter Reporting from Vancouver Share Save Getty Images Digital trucking apps look to minimise trucks without cargo When Jared first started out in trucking more than two decades ago, he didn't anticipate he'd be on tour with a country music star, hauling guitars, amps, and other pieces of on-stage equipment. "It just happened, right place, right time," the Canadian driver, who prefers not to use his