Gates Backs Convoys 62M Funding to Rival Uber Freight

Gates Backs Convoys 62M Funding to Rival Uber Freight

Freight software company Convoy secured $62 million in funding led by Bill Gates, positioning itself as a challenger to Uber Freight. Convoy leverages technology to optimize freight processes and reduce empty miles, attracting clients like Unilever. The U.S. freight market is vast but inefficient, and companies like Convoy are driving digital transformation within the industry, aiming for more efficient, transparent, and sustainable transportation. This investment highlights the growing interest in tech-driven solutions to modernize the logistics sector and address its inherent inefficiencies.

01/29/2026 Logistics Industry Insights
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Outpost Secures Funding to Expand Truck Terminals to 1B

Outpost Secures Funding to Expand Truck Terminals to 1B

Outpost secures significant investment from GreenPoint, expanding its truck terminal network to $1 billion. This accelerates the construction of a nationwide smart truck terminal network, aiming to help fleets expand operations more efficiently and significantly reduce operating costs. By integrating physical locations, operational management, and advanced technology, Outpost is committed to building a national truck terminal network, revolutionizing efficiency in the logistics industry. The investment will further enhance Outpost's capabilities and expand its reach across the United States.

01/30/2026 Logistics
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Outpost Raises Funding to Expand Truck Terminals to 1B

Outpost Raises Funding to Expand Truck Terminals to 1B

Outpost receives significant funding from GreenPoint, expanding its terminal network to $1 billion. This investment accelerates the development of logistics center terminals across the US, broadening the company's service offerings. Outpost is also launching an access control automation platform, aiming to create a smarter, more efficient, and sustainable trucking ecosystem. The funding will be used to enhance infrastructure and technology, ultimately improving the overall experience for truck drivers and streamlining logistics operations.

02/04/2026 Logistics
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CEVA Logistics Boosts Growth with Restructuring and New Funding

CEVA Logistics Boosts Growth with Restructuring and New Funding

CEVA Logistics significantly reduced debt and enhanced financial flexibility through asset restructuring and capital injection, providing financial support for future development. The company will invest in technology upgrades to meet customer demands for transparency, visibility, and traceability. While the IPO plan has been put on hold, CEVA will continue to focus on innovation and growth. This strategic shift aims to strengthen its market position and improve operational efficiency in the competitive logistics landscape.

02/04/2026 Logistics
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Outpost Secures Greenpoint Funding to Expand Truck Terminals to 1B

Outpost Secures Greenpoint Funding to Expand Truck Terminals to 1B

Outpost announced an investment from GreenPoint, increasing its terminal platform scale to $1 billion. This funding will accelerate the expansion of its truck terminal network, addressing efficiency bottlenecks in trucking and building an efficient and intelligent logistics ecosystem. The investment will enable Outpost to further develop its technology and infrastructure, providing drivers with better access to amenities, parking, and services, ultimately improving the overall trucking experience and optimizing supply chain operations.

11/03/2025 Logistics
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Outpost Raises 500M to Expand Truck Terminal Operations

Outpost Raises 500M to Expand Truck Terminal Operations

Outpost secures $500 million in funding from GreenPoint, increasing its truck terminal network to $1 billion and accelerating national expansion. The new capital will be used for acquisitions, developing new terminals, expanding services, and upgrading its gate automation platform. The goal is to reduce logistics costs, improve operational efficiency, and serve over 3,000 customers. This investment underscores the growing importance of optimized truck infrastructure within the broader supply chain landscape.

01/28/2026 Logistics
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Arrive Logistics Raises 300M for Tech Growth Expansion

Arrive Logistics Raises 300M for Tech Growth Expansion

Arrive Logistics secured over $300 million in funding led by ATL Partners. This investment will accelerate technological innovation and service upgrades. The company plans to increase investment in talent development, service expansion, and technological innovation, building a professional service team to meet diverse needs and improve operational efficiency. This aims to deliver a superior experience for both customers and carriers, jointly building a more efficient and intelligent logistics ecosystem.

01/30/2026 Logistics
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Trucking Industry Calls for Infrastructure Funding to Cut Congestion Costs

Trucking Industry Calls for Infrastructure Funding to Cut Congestion Costs

The American Trucking Associations (ATA) has launched an advocacy campaign urging Congress to increase infrastructure investment to address traffic congestion and economic losses caused by aging roads and bridges. The ATA proposes raising the fuel tax to provide a sustainable funding source for the Highway Trust Fund. They are calling on the public to pressure their congressional representatives to support infrastructure development. The initiative highlights the urgency of modernizing America's transportation network to improve efficiency and boost the economy by reducing delays and ensuring the safe movement of goods.

01/22/2026 Logistics Industry Insights
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US Ports Struggle With Funding As Rivalry Infrastructure Demands Grow

US Ports Struggle With Funding As Rivalry Infrastructure Demands Grow

US ports are facing funding shortages, with West Coast ports facing competition from Canadian ports. East Coast and Gulf Coast ports are actively investing in infrastructure to enhance their competitiveness. This article analyzes the importance of port financing and the impact of infrastructure development on port growth. It also explores the strategies various ports are employing to address these challenges, including attracting private investment and optimizing operational efficiency to stay competitive in the evolving global logistics landscape.

01/21/2026 Port Encyclopedia
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Greenpoint Invests in Outpost to Expand Truck Terminal Network

Greenpoint Invests in Outpost to Expand Truck Terminal Network

Truck terminal network company Outpost secured a significant investment from GreenPoint, valuing the terminal platform at $1 billion. The funding will accelerate the nationwide expansion of its terminal network, improve network coverage, enhance trucking efficiency, and reduce transportation costs. This investment is expected to positively impact the logistics industry by providing a more robust and efficient infrastructure for freight movement. Outpost aims to create a seamless and reliable network for truckers across the country.

01/08/2026 Logistics
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