PrivCo Logo

Freight startups' opportunity in the crisis

Freight startups' opportunity in the crisis

The Daily Stack
May 4, 2020

The case of too much oil and too little diesel in the world. With travel significantly reduced, the refining margin at some refiners has turned negative. However, the collapse in gasoline and jet fuel demand makes it difficult to produce enough diesel when inventories for unwanted fuels limit storage capacity.

A projected shortage in diesel might be the catalyst for wider adoption of freight and trucking logistic startups that introduce more price transparency and competition in the freight market.

The smart freight/marketplace sector has seen significant funding activities in the past few years. Last year alone, the industry has seen 39 deals totaling ~$3bn in value. Read more on the leaders in the pack and the market development here. 


 


Startups are still filing for S-1s and going public. Those with strong financials and stable recurring revenues might be in a good position to take advantage of the shortfall in the primary market. One such startup is beefing up its executive team and operations to prepare for the IPO debut.

Libra's new white paper 2.0 scaled-back ambition and included more compliance measures. It outlines the inclusion of single-currency stablecoins as opposed to global basket previously envisaged, which has been criticized for its potential to interfere with monetary sovereignty/policy. Single currency linked stablecoins help simplify the design and can be implemented as a smart contract backed by their own reserves in local currency. The paper also provides details on Libra Reserve – 80% held in ST Govt. Secs, 20% held in cash with overnight sweeps into MMF's. Libra also hopes to directly integrate Central Bank Digital Currencies into its ecosystem in due course, eliminating the need to manage the Libra Reserve. Read more. 


 

Interested in Private Company Data?
Getting Started
PrivCo is the premier financial data & services company that tracks US private companies with roughly $1M+ in annual revenues.
Since last week, PrivCo has added:
 767 profiles updated
 113 M&A added
 117 Funding added


Funding & Deal Highlights:
Ricovr Healthcare Announces $1.1m Seed Funding
Figma Eyes Acquisitions, With $50 Million In Fresh Funding At $2 Bn
Nexar Raises $52M in Series C Funding
Agtech Startup Pivot Bio Lands $100M
Procore to Postpone IPO, Raise Funds at $5 Billion Value
Terminus Acquires Ramble to Power Account-Based Conversations
MobileIron Acquires incapptic Connect to Accelerate App Release Journey 
Vander-Bend Completes Strategic Acquisition Of TMK Manufacturing
Dribbble Announces Acquisition of Top Design Marketplace Creative Market

More PPP might be needed
White House advisor Kudlow suggests more PPP loans might be needed. 
[Read More]
TikTok go after traditional TV
Upstart turned incumbent- TikTok has discussed producing a reality TV show
[Read More]
Thanks for reading. 
Be well and stay healthy!

Not a subscriber yet? Sign up here.
Twitter
LinkedIn
Website
Copyright © 2020 PrivCo Media Inc. All Rights Reserved.
You can update your preferences or unsubscribe from this list.
PrivCo Logo

© 2023 PrivCo Media, LLC

Company

HomeSign inContactPricing