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Source: Outrider Outrider today announced that it has raised $62 million in an oversubscribed Series D financing round. The provider of autonomous yard operations for logistics hubs said the funding will drive its operations as a service with Fortune 500 customers in 2025 and solidify its position as a leader in logistics automation.
Source: Fortune Magazine The company’s financial performance has deteriorated, with a 23.4% This decision follows the collapse of its planned acquisition by Amazon, a deal that was ultimately derailed by antitrust concerns, despite iRobot’s efforts to recover its footing. revenue decline in fiscal 2024, dropping from $890.6
Source: Planzer Planzer, a Swiss logistics company, is partnering with autonomous technology start-up LOXO to roll out their first joint project. The country’s new Automated Vehicles ( AV ) Act 1 is expected to take effect in early 2025. A Volkswagen ID Buzz cargo van equipped with LOXO’s Digital Driver navigation software.
Regional PET bottle resin prices also were up 2 cents for the month, according to market sources contacted by Plastics News. Regional PE demand also had been down because processors had built larger-than-normal inventories after the COVID-19 pandemic, sources said. Mexico was the largest source of U.S.
Regional PE demand also had been down because processors had built larger-than-normal inventories after the COVID-19 pandemic began, sources said. Strong seasonal demand for bottled water and other beverages played a role in lifting PET prices in 2022, as well as a lack of new capacity and freight and logistics challenges.
Source: LinkedIn As The Robot Report reported last October, one of the biggest autotech stories of the year was the stalling of Cruise after California’s Department of Motor Vehicles suspended its driverless testing license. By 2025, car ownership would join buggy whips as a symbol of transportation lore, he said.
That drop came from a 1-cent downward move for polymer-grade propylene feedstock and from buyers taking back 3 cents in margin, according to market sources contacted by Plastics News. Since September, regional prices for polycarbonate are down an average of 11 cents per pound, according to sources contacted by PN.
million in 2025 and 31.1 Over the years, the team has worked with haulage companies, offshore operators, logistics specialists and port authorities to create software systems that help to plan and manage complex freight logistic networks. Deloitte forecasts their numbers will grow from 2.5 million in 2020 to 11.2 million by 2030.
In fact, by 2025, 50% of enterprise data will be created and processed at the edge, compared to the present 10%. McKinsey predicts that by 2025, telcos will devote over $600 billion toward 5G infrastructure. By 2025, 50% of enterprise data will be created and processed at the edge, compared to the present 10%.
On 1 February 2023, the Government announced the winners of its deployments competition, where seven successful projects from around the UK form the most advanced set of commercial, self-driving passenger and freight operations anywhere in the world. With a total funding of £28.5 Partners: DRISK.AI
Billion in Revenue with Adjusted EBITDA Margin of 10%-12% in 2025 Stratasys and Desktop Metal Reaffirm Previously Provided Guidance Companies to Host Conference Call to Discuss Transaction Today at 8:30 A.M. billion in 2025 revenue, with significant upside potential in a total addressable market of more than $100 billion by 2032.
Source: Waabi Autonomous passenger vehicles have hit potholes over the past few years, with accidents leading to regulatory scrutiny, but investment in self-driving trucks has continued. Source: Waabi Technology leaders invest in self-driving trucks Waabi noted that top AI, automotive, and logistics enterprises were among its investors.
Rising freight rates are a new source of concern in the global supply chain with forecasts warning that ocean cargo prices could reach $20,000 — potentially even touch the Covid era peak of $30,000 — and stay there into 2025 according to a new report from CNBC. Just as the Federal Reserve and U.S. Read more from CNBC.
Many have eyed hydrogen's tantalizing potential as an abundant and pollution-free energy source for transportation and beyond. Jules Verne described a method in which "water will one day be employed as fuel," and wrote hydrogen and oxygen will "furnish an exhaustible source of heat and light" in his 1874 novel The Mysterious Island.
Arla Foods is using seven new Volvo FM bio-LNG 6×2 tractor units, which refuel at Gasrec’s open-access site at Daventry International Rail Freight Terminal and at the Gasrec built station at Reed Boardall’s depot, in Boroughbridge. “The demand right now is exceptional.”
Companies that may be concerned about the viability or performance of a supplier should consider seeking licenses or other rights that would enable to obtain vital components from another source if the supplier does not meet its obligations. Coordinate with Customs Brokers & Freight Forwarders.
Source: Pickle Robot Robotic truck unloading fits the classic definition of dull, dirty, or dangerous jobs worth automating. yesterday announced that it has raised $50 million in Series B funding and that six customers placed orders during the third quarter for more than 30 robots to deploy in the first half of 2025. Pickle Robot Co.
Source: Wing In a world where convenience and promptness are crucial, customers expect quicker deliveries. Freight transport: Matternet has been developing drone systems for larger-scale freight transport, allowing for intercity and even cross-border deliveries. billion in 2024 and is expected to reach $275.8
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