FretLink raises $6.4 million to make trucks run like clockwork

 Don’t you love it when there’s a fragmented market with many different actors and outdated tech products? French startup FretLink is using all the tips in the startup handbook and applying them to a neglected industry: trucking. FretLink is a software-as-a-service marketplace connecting companies that need to send big piles of stuff with thousands of transportation companies. Read More

Lyft raises $600M at $7.5B valuation

 Lyft has raised a total of $600 million in new funding, with a post-money valuation of $7.5 billion, the company announced via its blog on Tuesday. Reports had indicated the raise was in process, though the most recent figure pinned the total at $500 million, though that was prior to its closing. Lyft’s investment included new funding partners including Canada’s Public Sector… Read More

Why do airlines overbook their flights?

 We’ve all been there: You turn up to the gate and there are more passengers than there are seats on the plane. You wouldn’t be the first person to think, “If you only have 200 seats, why would you sell more than 200 tickets?” It turns out there are excellent reasons for doing this, powered by money, efficiency and a whole lot of statistical analysis. Read More