Forum Mobility heralds $400M joint venture with CBRE IM and Series A funding round

With an eye on what it calls the equitable electrification of heavy-duty port transit, Oakland-based Forum Mobility, a provider of zero-emission trucking services, announced two initiatives focused on the company’s core mission, with each having an eye on the future. One initiative heralded by Forum is the closure of its $15 million Series A funding round, as well as its $400 million joint venture, with both serving as the beneficiaries of a fund led by CBRE Investment Management (IM) focused on providing comprehensive, zero-emission charging and vehicle solutions for drayage truck fleets and also drivers.

source https://www.supplychain247.com/article/forum_mobility_heralds_400m_joint_venture_with_cbre_im_and_series_a_funding

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How Modern Logistics Companies Turn COVID Chaos into Long-Term Business Efficiency

COVID persists and supply chain operations are not expected to break from the current mode of remote workforce operations, however, smart operators are creating new opportunities by adopting forward-looking TMS solutions. source https://www.supplychain247.comhttps://www.supplychain247.com/article/logistics_companies_turn_covid_chaos_into_long_term_business_efficiency

FTR’s Shippers Conditions Index falls to a new record low reading

The February SCI came in at -17.9, down from January’s -10.1, topping March 2021 as the “toughest month to date for shippers,” noted FTR. But that comes with the caveat that February’s record is not likely to be lasting, with March expected to record an even lower reading, it said, stating that some rate relief will not nearly offset a surge in diesel prices. source https://www.supplychain247.com/article/ftrs_shippers_conditions_index_falls_to_a_new_record_low_reading

2023 General Rate Increase Guide for FedEx & UPS Shipping

source https://www.supplychain247.comhttp://www.supplychain247.com/paper/2023_general_rate_increase_guide_for_fedex_ups_shipping

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