Thailand’s logistics startup Flash Express raises $200 million

Flash Express, a two-year-old logistics startup that works with e-commerce firms in Thailand, said on Monday it has raised $200 million in a new financing round as it looks to double down on a rapidly growing market spurred by demand due to the coronavirus pandemic.

The funding, a Series D, was led by PTT Oil and Retail Business Public Company Limited, the marquee oil and retail businesses of Thai conglomerate PTT. Durbell and Krungsri Finnovate, two other top conglomerates in the Southeast Asian country, also participated in the round, which brings Flash Express’ to-date raise to about $400 million.

Flash Express, which operates door-to-door pickup and delivery service, claims to be the second largest private player to operate in this space. The startup, which also counts Alibaba as an investor, entered the market with delivery fees as low as 60 cents per parcel, a move that allowed it to quickly

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Blockchain Technology in Transportation and Logistics Market By Development, Trends, Investigation 2020 And Forecast To 2026

The MarketWatch News Department was not involved in the creation of this content.

Oct 08, 2020 (Profound via COMTEX) —
The report provides rational insights along with historical and forecast data to aid in better understanding of the Global Blockchain Technology in Transportation and Logistics Market. The report provides a comprehensive analysis of key factors that are expected to drive the growth of the Blockchain Technology in Transportation and Logistics market. This study also provides a detailed overview of the opportunities along with the current trends observed in the target market.

The report includes thorough compilation of the quantitative analysis of the industry for the period of 10 years in order to assist players to grow in the market. Insights on specific revenue figures generated are also given in the report, along with projected revenue at the end of the forecast period. This study includes a widespread analysis of the

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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

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Fast-Growing Logistics Company Announces New Name, Enhanced Technology Capabilities and Additions to Executive Leadership

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

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Stridas LLC focuses on streamlining the overall customer experience while delivering increased savings and efficienciesCINCINNATI, OH / ACCESSWIRE / October 1, 2020 / Logikor LLC, headquartered in Cincinnati Ohio, announces its new name, Stridas …

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Stridas LLC focuses on streamlining the overall customer experience while delivering increased savings and efficienciesCINCINNATI, OH / ACCESSWIRE / October 1, 2020 / Logikor LLC, headquartered in Cincinnati Ohio, announces its new name, Stridas …

Stridas LLC focuses on streamlining the overall customer experience while delivering increased savings and efficiencies

CINCINNATI, OH / ACCESSWIRE / October 1, 2020 / Logikor LLC, headquartered in Cincinnati Ohio, announces its new name, Stridas LLC, effective October 1, 2020.

Stridas has evolved significantly from its formation in 2012 as the U.S.-based affiliate of

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PDI Releases International Cloud-Based Logistics Solution for the Fuel Supply Chain

Global software company’s next-generation solution reduces complexity and increases visibility for haulers

PDI (www.pdisoftware.com), a global provider of enterprise software solutions to the convenience retail, wholesale petroleum and logistics industries, announced the release of PDI Logistics Cloud international. The company’s holistic logistics software was specifically designed for the fuel supply chain and helps fuel retail, mineral oil, wholesale and hauler companies gain the end-to-end visibility they need to optimize their operations.

Logistics Cloud builds on PDI’s heritage of bringing innovative products to the market and enables digital transformation by leveraging the latest technology. Its use of Big Data, IoT, and sophisticated algorithms enable better compartment allocation, automation and forecasting. The software’s robust capabilities—including advanced planning and dispatching, mobile tools, forecasting, telematics, compliance, and analytics—allows businesses to scale, future-proof their operations, and quickly adapt to dynamic market conditions.

The solution will allow customers to do the following:

  • Reduce stockouts and returns

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DLR U-Shift concept: Is this the future of urban logistics and mobility?

The first DLR U-Shift prototype was presented at the Interim Conference of the Strategic Dialogue for the Automotive Sector at Baden-Württemberg, Stuttgart last week. You’re looking at a multipurpose all-electric vehicle with a modular design. According to the German Aerospace Center (Deutsches Zentrum für Luft und Raumfahrt) or DLR, the U-Shift caters to various applications. It can be configured as a mobile sales service, on-call bus, passenger shuttle, or mobile distribution center to name a few.

“We want to make tomorrow’s mobility more sustainable, effective, and convenient,” said Nicole Hoffmeister-Kraut, Baden-Württemberg Minister for Economic Affairs. “Entirely new products and business models can emerge from futuristic innovations such as the U-Shift vehicle concept.”

The U-Shift reminds us of the eBussy modular EV, a 100-percent all-electric light-duty vehicle with configurable body styles. Designed by fellow German EV maker Electric Brands, the eBussy is available in station wagon, minivan, pickup truck, or convertible

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