Skip to content
Search AI Powered

Latest Stories

newsworthy

Dray Alliance raises $10.2 million in funding round

Drayage startup accelerates efforts to digitize port logistics; funding will help increase automation, fuel hiring in sales, engineering, and operations, company says.

Dray alliance

Drayage startup Dray Alliance has raised $10.2 million in Series A funding led by Matrix Partners, the company said today. Ex-Uber syndicate Moving Capital also participated in the round, along with previous investors Craft Ventures, Act One Ventures, and Wonder Ventures. 

Dray Alliance is a digital drayage marketplace that connects shippers and truckers for short-range delivery of shipping containers between ports and logistics centers. The company will use the latest funding to increase automation in its products and to expand hiring in sales, engineering, and operations, company leaders said.


"The rise of e-commerce—accelerated by Amazon Prime—is forcing the logistics industry to a reckoning," Jake Jolis, a partner with Matrix Partners, said in a statement announcing the investment. "In an age of hyper-competition and ever-rising expectations on delivery time and reliability, every inch of the logistics supply chain matters. We have seen the rise of digitally enabled ocean freight forwarding and long-haul trucking, yet port logistics—a $50 billion market—has been stubbornly stuck. Drayage has remained the last bastion of extremely manual, paper-based, and inefficient processes in logistics. Dray is perfectly positioned to take advantage of this seismic opportunity."

Dray's technology solutions include a web application for shippers and a mobile app for drivers that automate and simplify drayage transactions. The company works with more than 50 enterprise customers, including containership liners Maersk, CMA-CGM, and APL, along with major importers, freight-forwarders, and third-party logistics providers (3PLs), according to the company.

Dray Alliance also announced the hiring of Sammi Liu as COO and Lauren Roberts as vice president of sales. Liu has worked in operations and logistics for Uber and was general manager of Los Angeles-based logistics service Shyp, and is now one of the first female COOs to lead the trucking industry, the company said. Roberts was previously with industrial Internet-of-Things (IoT) firm Samsara, and has also held senior sales positions at technology firms Indeni and Cisco. 

The Latest

More Stories

image of digital city

Accenture acquires German management consulting firm Staufen AG

The consulting firm Accenture has acquired Staufen AG, a German management consulting firm, saying the move will expand Accenture’s capabilities to drive operational excellence and competitiveness in manufacturing and supply chains.

Specifically, adding Staufen will help Accenture serve clients in discrete manufacturing industries including automotive, aerospace and defense, industrial goods, and medical equipment.

Keep ReadingShow less

Featured

chart of US imports

NRF: Container imports remain high after Trump tariff threats

Days after tariff threats by the Trump Administration against Canada and Mexico were paused for a month, imports at the nation’s major container ports are expected to remain high, as retailers continue to bring in cargo ahead of the new deadline and to cope with elevated tariffs on China that did occur, according to the Global Port Tracker report released today by the National Retail Federation and Hackett Associates.

Part of the reason for that situation is that companies can’t adjust to tariffs overnight by finding new suppliers. “Supply chains are complex. Retailers continue to engage in diversification efforts. Unfortunately, it takes significant time to move supply chains, even if you can find available capacity,” NRF Vice President for Supply Chain and Customs Policy Jonathan Gold said in a release.

Keep ReadingShow less

AI: Is it the real deal?

Having reported on the supply chain world for some 25 years, I've seen technologies come and go. Many were once touted as the best thing since sliced bread but either failed to live up to the hype or else had to simmer a few years before they caught on.

Remember the hoopla surrounding dot-com retail? In the late 1990s, we were told that stores as we knew them would eventually go away, to be totally replaced by online shopping. The ease and convenience of e-commerce made that a reasonable expectation. But in March 2000, the bubble burst, and a host of online retailers closed their virtual doors forever. Of course, online shopping is still very much with us, and its share of total retail sales is growing by the year. Maybe we'll get to that retail seventh heaven someday, but it's taking much longer than originally predicted.

Keep ReadingShow less
Logistics economy picked up speed in January

Logistics Managers' Index

Logistics economy picked up speed in January

Economic activity in the logistics industry expanded in January, growing at its fastest clip in more than two years, according to the latest Logistics Managers’ Index (LMI) report, released this week.

The LMI jumped nearly five points from December to a reading of 62, reflecting continued steady growth in the U.S. economy along with faster-than-expected inventory growth across the sector as retailers, wholesalers, and manufacturers attempted to manage the uncertainty of tariffs and a changing regulatory environment. The January reading represented the fastest rate of expansion since June 2022, the LMI researchers said.

Keep ReadingShow less
Disrupting the furniture supply chain: An interview with Jay Rogers

Disrupting the furniture supply chain: An interview with Jay Rogers

As commodities go, furniture presents its share of manufacturing and distribution challenges. For one thing, it's bulky. Second, its main components—wood and cloth—are easily damaged in transit. Third, much of it is manufactured overseas, making for some very long supply chains with all the associated risks. And finally, completed pieces can sit on the showroom floor for weeks or months, tying up inventory dollars and valuable retail space.

In other words, the furniture market is ripe for disruption. And John "Jay" Rogers wants to be the catalyst. In 2022, he cofounded a company that takes a whole new approach to furniture manufacturing—one that leverages the power of 3D printing and robotics. Rogers serves as CEO of that company, Haddy, which essentially aims to transform how furniture—and all elements of the "built environment"—are designed, manufactured, distributed, and, ultimately, recycled.

Keep ReadingShow less