Postmates X, the robotics division of the on-demand delivery startup that Uber acquired last year for $2.65 billion, has officially spun out as an independent company called Serve Robotics. TechCrunch reported in January that a deal was being shopped to investors. Serve Robotics, a name taken from the autonomous sidewalk delivery bot that was developed and […]
Koffie Labs aims to digitalize how fleets find truck insurance while controlling pricing and other aspects by using telematics and advanced safety technology.
Yellow looks to add 1,500 drivers, open new trucking schools
Yellow Corporation (
CCJ Top 250, No. 5), which recently changed its name from YRC, is looking to fill 1,500 truck driver positions and open 12 driving schools across the country.
Classroom instruction and in-cab skills training at the 12 Yellow Driving Academies will be provided by Yellow’s longest serving, most experienced truckers.
“At a time when many Americans are looking to start a new career, Yellow is in hire mode. These are good jobs with competitive benefits in a community near you,” says Yellow CEO Darren Hawkins.
Yellow has identified 12 locations for driving academies, including Charlotte, North Carolina; Cleveland, Ohio; Denver, Colorado; Ft. Worth, Texas; Hagerstown, Maryland; Indianapolis, Indiana; Memphis and Nashville, Tennessee; Maybrook, New York; Portland, Oregon; Pico Rivera and Tracy, California.
AmiTruck founder and CEO Mark Mwangi
The deal is in partnership with Dynamo Ventures and Plug and Play Ventures with the funds being used to expand Amitruck business across East Africa.
Amitruck has secured an ‘undisclosed’ investment led by US – based Dynamo Ventures with participation from Plug and Play Ventures and a collection of strategic angel investors after completing the Google for Startups Accelerator Africa late last year.
The secured funds will be used to expand its business across East Africa. The company has since had a positive outlook in the year, growing revenues by over 300% despite COVID-19 crisis.
Speaking during the announcement, Barry Large – Dynamo Ventures representative said, “We are excited to be investing in Amitruck given the momentum it has achieved over the last 12 months particularly in light of the challenges associated with COVID-19. We see many similarities between Amitruck and Sennder which we invested in at a very similar stage of t
Locomation is planning to initially roll out autonomous vehicle technology using a convoy.
Editor s note: This is the second and final installment of a two-part series on Big Tech investments in the trucking and logistics industry. Part one covered the migration of tech talent.
Technology startups and venture capital (VC) firms have been making big bets in the trillion-dollar trucking and logistics (T&L) industry.
In May 2020, management consulting company McKinsey tracked a total flow of $28 billion in funding to T&L technology startups from 2015 to 2019. Despite a global pandemic, funding soared in 2020 to $1.7B across 683 deals, according to market research firm CB Insights.