Tag: Freight

13
Oct
2020
Posted in website

CEO of Whitehorse Freight, Michael Bilokonsky Launches Professional Website

Press release content from Accesswire. The AP news staff was not involved in its creation.

BELLEVUE, KY / ACCESSWIRE / October 13, 2020 / Michael Bilokonsky, CEO and president of Whitehorse Freight, is excited to announce the launch of his new website, https://michaelbilokonsky.com/. As an enthusiast of motorcycles, his website features an in-depth look into his interests as well as some interesting entrepreneurial tips in the form of articles and interviews.

“Motorcycles are my passion. Balancing my personal interests and my entrepreneurial mindset is something I really wanted to highlight on my website,” Says Biolkonsky.

The balance is definitely struck as the website sports information on how to stay safe while enjoying the ride in the article Staying safe on the road: tips for the new motorcycle owner and also describing his work experience and how he got to where he is today in Michael Bilokonsky Speaks Out on Entrepreneurship.

The new website creates a hub of information for other motorcycle riders and individuals interested in creating their own company. The site not only provides an opportunity for readers to watch and read about his tips and tricks regarding bikes and owning your own business, but also gives an insight to the life of Bilokonsky in the about section of the website.

“It has always been a dream of mine to start my own company,” states Bilonsky in his exclusive interview featured on the website. After attending college, the original plan was to become a teacher. When no opportunities arose in that field, he began working for a logistics company for five years before beginning his own business which became the Whitehorse Freight company it is today.

Learn more about Whitehorse Freight: http://www.whfreight.com/

About Michael Bilokonsky

Michael Bilokonsky grew up and attended highschool in Cleveland,

08
Oct
2020
Posted in technology

Drone truck startup Einride unveils new driverless vehicles for autonomous freight hauling

Einride, the Swedish autonomous trucking startup, unveiled a new vehicle type that the company hopes to have on the road delivering freight starting in 2021. The vehicles, dubbed Autonomous Electric Transport (AET), came in four different variations. And much like Einride’s previous prototypes, they come without steering wheels, pedals, windshields, and, in general, no cab at all.

Einride has been in the business of releasing interesting, eye-catching prototype vehicles since it was founded in 2016. There was the cab-less T-Pod, released in 2017, four of which are operating on public roads hauling freight for Oatly, the Swedish food producer. A year later, the company unveiled the T-Log, built to be more powerful than its predecessor for the job of (you guessed it) hauling tons of giant tree logs. Now it has a next-generation vehicle that it hopes it can put into production.

Einride’s also been engaged with the less glamorous part of the job, which is testing, validating, and seeking regulatory approval for its vehicles, all of which are electric and can be controlled remotely by a human operator, in addition to operating autonomously without human intervention. The company has yet to reveal its plans for production and manufacturing.

Design-wise, the AET vehicles look almost identical to Einride’s Pod (previously T-Pod) prototype: sleek, white, cab-less pods with smooth lines and an otherworldly feel. Einride CEO Robert Falck said the AET is more aerodynamic than previous iterations, which will help when the company starts to scale up its manufacturing. “When you nail a design the first time, why reinvent the wheel?” Falck said.

The new AET vehicles come in four levels. The first two — AET 1 and AET 2 — have top speeds of 30 km/h (18 mph), weigh 26 tons, have payloads of 16 tons, and a battery range

02
Oct
2020
Posted in technology

Uber Freight raises $500 million from Greenbriar Equity

  • Uber has announced it has sold a $500 million stake in its Uber Freight logistics business to New York-based private equity firm Greenbriar Equity Group.
  • Uber will retain majority ownership of Uber Freight.
  • The investment values the logistics arm of the company at $3.3 billion on a post-money basis.
  • Visit Business Insider’s homepage for more stories.

(Reuters) – Uber Technologies Inc said on Friday New York-based private equity firm Greenbriar Equity Group would invest $500 million in its logistics arm, Uber Freight, valuing the unit at $3.3 billion on a post-money basis.

The ride-hailing firm said it would maintain majority ownership of Uber Freight, and use the funds to scale its logistics platform and increase product innovation.

Unlike Uber’s ride-hailing app or its food-delivery service, Uber Freight operates as a middle man in the fragmented long-haul trucking business, connecting truckers with shippers.

Michael Weiss and Jill Raker, managing partners of Greenbriar, will join Uber Freight’s board, the companies said in a statement.

(Reporting by Ayanti Bera in Bengaluru; Editing by Aditya Soni)

Axel Springer, Insider Inc.’s parent company, is an investor in Uber.

Source Article

02
Oct
2020
Posted in technology

Convoy rival Uber Freight raises $500M, valuing trucking logistics business at $3.3B

(Uber Freight Photo)

Uber Freight, the trucking logistics arm of Uber, today announced a $500 million investment led by Greenbriar that values the unit at $3.3 billion.

Uber Freight helps match carriers with shipper’s loads, using technology to expedite and automate a traditionally manual process that involves email and phone calls. Since launching in 2017, it has nearly 65,000 carriers in its network and works with shippers including AB Inbev, Nestle, LG, Niagara Bottling, Heineken, Land O’Lakes, and more.

Convoy hires former Expedia CEO as president and COO as digital freight startup tops 1k employees

“Uber Freight has created an innovative and effective approach to logistics technology that we believe is highly scalable in the coming years,” Michael Weiss, managing partner of Greenbriar, said in a statement. “In particular, we believe that carriers and shippers will be increasingly attracted to the convenience and simplicity that Uber Freight offers in a complex marketplace.”

The business rivals Seattle startup Convoy, which also operates a digital marketplace for shippers and carriers. Founded by former Amazon leaders, Convoy raised $400 million at a $2.7 billion valuation in November and recently hired former Expedia Group CEO Mark Okerstrom as its new president.

Convoy has raised $668 million over its lifetime from investors including Microsoft co-founder Bill Gates; Amazon founder Jeff Bezos; Salesforce CEO Marc Benioff; Code.org founders Hadi and Ali Partovi; former Starbucks president Howard Behar; U2’s Bono and The Edge; among others.

Uber Freight reported $211 million in adjusted net revenue for Uber’s most recent quarter, or 11% of the company’s total revenue. That’s up from $167 million a year ago. It reported a $49 million loss for the quarter, down from $52 million last year.

The investment in Uber Freight comes as Uber continues to navigate through the pandemic, which has crushed its

02
Oct
2020
Posted in technology

Uber Freight Receives $500M From Greenbriar Investment

Uber Technologies  (UBER) – Get Report said it received a $500 million preferred-stock investment in Uber Freight from a group led by Greenbriar Equity, a deal that values the unit at $3.3 billion. 

Uber Freight was launched in 2017 as the shipping arm of Uber Technologies, the parent of the ride-hailing and food-delivery companies. 

The freight service enables trucking companies and drivers to book loads just as they would book Uber rides, a company statement says. 

Greenbriar is the Rye, N.Y., private-equity firm focused on logistics, transport, manufacturing and more.

Uber Freight said it planned to use the funds to build out its logistics platform and speed new products to market.

As part of the investment, Greenbriar Managing Partners Michael Weiss and Jill Raker will join the Uber Freight board. Uber will retain majority control of the freight unit.

Greenbriar is “a partner with deep expertise and a shared passion for simplifying logistics,” said Uber Freight head Lior Ron.

The transaction is expected to close this month, subject to customary conditions. The statement didn’t specify them.  

Greenbriar’s people have “decades-long involvement in the logistics sector,” Weiss said in the statement. 

Ron said Uber Freight’s technology has “[transformed] dated and analog processes to ensure that both shippers and carriers are equipped to succeed in a rapidly changing industry.”  

Uber Freight’s funding deal with Greenbriar follows other recent moves the company has made, including forming new integration partnerships with large cloud-service providers, and expanding its enterprise-software offering with the launch of Uber Freight Enterprise and Uber Freight Link. 

On a day when the broad market is indicated lower, Uber shares at last check were off 3% at $36.04.