Welcome to the March issue of “Across Logistics”, where we are presenting the latest logistics technology news that happened during this month.
Here is the list of topics in this issue:
- Waymo Raises $2.25 Billion External Investment Round
- Logistics Startup Overhaul Secures $17.5 Million Growth Investment
- Wilson Logistics Partners with Locomation for Platooning Pilot
- TuSimple and ZF Partner to Develop Technology for Mass-Produced Autonomous Trucks
- Shipment Visibility Provider Sixfold Releases Free Live Border Congestion Map in COVID-19 Crisis
- Drone Delivery Company Matternet Unveils the New Matternet Station
Logistics Technology Investment
Waymo Raises $2.25 Billion External Investment Round
Waymo has announced its first external investment round, led by Silver Lake, Canada Pension Plan Investment Board, and Mubadala Investment Company. Additional investors in this initial $2.25 billion close include Magna International, Andreessen Horowitz, and AutoNation, as well as Alphabet.
This investment round follows a recent series of major operational and technical milestones. The Waymo Driver has driven more than 20 million miles on public roads across over 25 cities, and over 10 billion miles in simulation. Engineers and technicians at Waymo’s Detroit factory, the world’s first factory dedicated to the mass production of L4 autonomous vehicles, have shipped the first vehicles (electric cars and Class 8 trucks) integrated with fifth-generation hardware, with all-new, more powerful compute and more capable sensing.
“With this injection of capital and business acumen, alongside Alphabet, we’ll deepen our investment in our people, our technology, and our operations, all in support of the deployment of the Waymo Driver around the world,” said John Krafcik, CEO of Waymo.
Logistics Startup Overhaul Secures $17.5 Million Growth Investment
A real-time supply chain integrity technology solution, Overhaul, has received $17.5 million in growth investment led by leading growth equity investor Edison Partners, with participation from Overhaul’s existing investors, Abbey International Finance Group. Launched in 2016, Overhaul leverages visibility to detect and automatically correct noncompliance within supply chains and is a provider of integrity solutions for pharmaceutical, high-tech, and food industry Fortune 100’s that are moving freight globally.
“Every company is looking for a way to use data to increase productivity while decreasing costs and risk; their UPS left turn. Overhaul is continually disrupting the logistics industry by arming our clients with the tools and transparency to cut supply chain risks and inefficiencies, enhance quality and control across their supply chain and improve overall customer satisfaction to stay ahead of the curve. We’re excited to team with Edison Partners to leverage their expertise in accelerating growth, which will enable us to bring supply chain digitization and risk mitigation solutions to companies around the globe,” said Barry Conlon, Overhaul CEO and Founder.
Huboo picks up investment from Maersk Growth, the venture arm of container logistics giant A.P. Moller – Maersk
Wilson Logistics Partners with Locomation for Platooning Pilot
Locomation, the trucking technology platform offering man-guided autonomous convoying, signed a definitive agreement establishing a multi-year partnership with Wilson Logistics, a leading family-owned transportation logistics, and trucking company operating in 48 US states. The agreement will put Locomation’s autonomous technology on the road across several critical Wilson Logistics shipping routes.
During the three year pilot, Locomation will employ its Autonomous Relay Convoy (ARC) technology, will provide a two-truck convoy with safety staff and will work in tandem with the Wilson Logistics operations team to execute the most efficient freight movements possible. At full commercialization, Locomation’s autonomous vehicle technology is expected to produce an estimated 33% reduction in operating cost per mile, an 8% reduction in fuel expense, and remove 41 metric tons of carbon dioxide from the air per tractor annually. 124 trucks will be deployed in the initial commercialization phase before ultimately expanding to more than 2,000 or more ARC-equipped trucks operating daily in their ARC networks.
TuSimple and ZF Partner to Develop Technology for Mass-Produced Autonomous Trucks
TuSimple, a global autonomous trucking technology company, has established a comprehensive partnership with ZF, a leading automotive supplier, to develop and commercialize the technology for autonomous trucks. The partnership, which will begin in April 2020, covers the world’s largest markets including North America, Europe, and China.
TuSimple and ZF will co-develop production-quality technologies including cameras, LiDAR, radar, steering, and ZF’s automotive-grade central computer ZF ProAI. Concurrently, ZF will support TuSimple’s pre-production driverless autonomous system, and will ultimately serve as the default supplier for their production-ready system for commercialized vehicles. As part of the partnership, ZF will also contribute engineering support to validate and integrate TuSimple’s autonomous system into vehicles.
“A partnership with world-class supplier ZF is an important milestone for our company as we prepare to bring autonomous-ready trucks to market. Working side-by-side with ZF to refine and integrate our production-ready technology has allowed us to optimize our hardware stack and focus on scaling these technologies to make it possible for autonomous ready trucks to be mass-produced,” added Chuck Price, Chief Product Officer, TuSimple.
Other Logistics Technology News
Shipment Visibility Provider Sixfold Releases Free Live Border Congestion Map in COVID-19 Crisis
Shipment visibility provider Sixfold has published a free live map of border crossing times for trucks and some of the major European ports, which can be accessed at sixfold.com/covid-19. Sixfold took this initiative to help all involved in Europe’s supply chains to understand expected delays in receiving shipments as a result of the increasing number of border checks due to the Coronavirus crisis.
“During the last weekend of the increasing Coronavirus-related lockdown of Europe, Sixfold’s development teams brought its developers together to build this live map as an initiative to do our part in helping Europe’s supply chains and their customers to better plan for provision delays resulting from the growing Coronavirus pandemic,” stated Wolfgang Worner, Sixfold’s CEO.
He added: “Everyone who has a practical use for this live map can access it for free. If you are working in supply chains and this helps you get your goods to where they need to be with shorter delays – here you go. If you are a carrier or truck driver hauling food, this is for you. If you are a government official or a journalist and have some use for it, please use it.”
This is a great initiative which perfectly demonstrates how visibility solutions are empowering the logistics and supply chain with the actionable data. In fact, the importance of such a solution was recognized by Stefan De Keersmaecker, Spokesperson of the European Commission for Regional Policy and Transport, who presented the map to a wide range of European media.
Drone Delivery Company Matternet Unveils the New Matternet Station
Matternet, developer of the world’s leading urban drone logistics platform, today unveiled the new Matternet Station. The Matternet Station supports the company’s vision of distributed, peer-to-peer drone logistics networks for urban environments. It’s integrated with Matternet’s autonomous M2 Drone and Cloud Platform, providing an intuitive user interface for sending and receiving medical payloads, and a safe and secure drone portal for hospital campuses. Stations will initially service healthcare systems in Switzerland and the US.
“Our vision is to connect every healthcare facility in every metropolitan area with the fastest transportation method available today. We are building the technology platform for extremely fast, point-to-point, urban medical delivery, enabling hospital systems to shrink patient waiting times and save millions of dollars per year through the centralization of laboratories and medical inventory. Matternet Station is a very important part of the ecosystem for making this vision a reality,” added Andreas Raptopoulos, CEO of Matternet.