Afternoon Coffee: Convoy, ‘Uber of Trucking Industry,’ Raises $16M, GE May Supply Power to Cuba

Tomasz-Zajda/Adobe Stock Tomasz-Zajda/Adobe Stock

Convoy, a Seattle trucking software startup company that connects truck drivers to clients who need goods shipped, has raised $16 million from investors. The company, which was started by former Amazon employees, has been called the Uber of the trucking industry.

General Electric may supply energy and healthcare equipment to Cuba in the future. GE and the Cuban government signed memorandums of understanding earlier this week to explore opportunities of working together.

Cargill is partnering with global research organization World Resources Institute over two years to better manage deforestation and water risks across its supply chains. Cargill will have access to WRI’s analytical tools and other resources to improve supply chain transparency and traceability.

The U.S. Environmental Protection Agency is hosting a G7 workshop on sustainable supply chain management this week. The EPA said the workshop brings together key decision makers from G7 nations who share sustainable supply chain best practices.

 

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