Technology

J.B. Hunt and UP.Labs launch venture lab to build logistics startups

Published

5 hours ago

October 3, 2024

J.B. Hunt and UP.Labs launch venture lab to build logistics startups

Transportation and freight network giant J.B. Hunt is searching for software and digital products that will fuel its business and help it adapt to the modern world — and even dominate the industry. And it’s tapping startup incubator UP.Labs to help build them.

On Wednesday at the UP.Summit event in Bentonville, Arkansas, the two companies announced a logistics and freight venture lab that will launch up to six startups over the next three years. The first of these startups is slated to launch in 2025 and will focus on some of the biggest problems in logistics and freight.

UP.Labs isn’t structured like the many startup incubators that exist today. And while the company does operate in parallel with venture firm UP.Partners and uses some underlying concepts found in the venture capital world, it is not a traditional VC firm.

Instead, UP.Labs is a venture lab with a financial investment vehicle. The company forms agreements with major corporations to solve a problem for that company and for the wider sector. These aren’t meant to be proof-of-concept ideas. Instead, these startups are designed to operate independently and commercially.

Importantly, UP.Labs doesn’t allow the corporate partner to invest more than their pro rata in any of the financing rounds because it can make it difficult to attract talent and future investors. After three years, the corporate partner has the option to acquire the remaining shares of the startup. They will use a third-party valuation firm to determine the fair market value.

The opportunity to develop logistics startups focused on software and data is vast, UP.Labs founder and CEO John Kuolt told TechCrunch in a recent interview.

This is the third venture lab launched by UP.Labs and a major corporation since it launched in 2022. Its first partner was Porsche, which represents the automotive sector. Under that partnership, several startups have launched, including Pull Systems, which developed performance management software for EV suppliers, manufacturers, and operators. The lab also created Sensigo, a startup that is working on software to help service technicians diagnose problems in modern, software-defined vehicles in a matter of minutes, instead of days.

Last year, UP.Labs formed an aviation-focused lab with Alaska Airlines. Odysee, the first startup born out of that lab, made its public debut at the UP.Summit.

Overall, UP.Labs has launched 10 companies — including four with Porsche and two with Alaska Airlines — in the past 2.5 years, according to Kuolt.

“Startups are not new for us,” J.B. Hunt president and CEO Shelley Simpson said at the UP.Summit, noting the business has transformed from a legacy truck carrier to being one of the largest transportation logistics companies. That transformation required innovation within the company and tapping outside partners. For instance, Walmart, Tyson Foods, and J.B. Hunt partnered in 2019 with accelerator network Plug and Play to set up a logistics-focused program in Northwest Arkansas.

What’s different this time, she said on the sidelines of the UP.Summit event, is how this venture lab operates.

“We don’t think we’re the ones who can solve everything,” Simpson said. “We recognize the market is very large and we certainly think we have good, smart people, but we also know there’s really smart people out there, and anytime we can find a good partner, that’s going to be important for us.”

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Servers computers

CISCO MXA UCS C220 M3 RACK SERVER – RACK-MOUNTABLE – XEON E5-2665 2.4 GHZ – 64 GB – HDD 4 X 600 GB

Published

9 mins ago

October 3, 2024

NewsAdmin

CISCO MXA UCS C220 M3 RACK SERVER - RACK-MOUNTABLE - XEON E5-2665 2.4 GHZ - 64 GB - HDD 4 X 600 GB

CISCO MXA UCS C220 M3 RACK SERVER FOR CISCO SHOW AND SHARE ENTERPRISE – RACK-MOUNTABLE – XEON E5-2665 2.4 GHZ – 64 GB – HDD 4 X 600 GB ($11995.99)

Link: https://www.rjoventuresinc.com/2021/11/cisco-mxa-ucs-c220-m3-rack-server.html?m=1

Link: https://www.shoptech.xyz/2021/11/cisco-mxa-ucs-c220-m3-rack-server.html?m=1

MAIN SPECIFICATIONS

Product Description: Cisco MXA UCS C220 M3 Rack Server for Cisco Show and Share Enterprise – rack-mountable – Xeon E5-2665 2.4 GHz – 64 GB – HDD 4 x 600 GB

Type: Server – rack-mountable – Trusted Platform Module (TPM)

Height (Rack Units): 1U

Server Scalability: 2-way

Processor: 2 x Intel Xeon E5-2665 / 2.4 GHz (3.1 GHz) (8-core)

Processor Socket: LGA2011 Socket

Processor Main Features: Intel Turbo Boost Technology 2

Cache Memory: 40 MB L3 cache

Cache Per Processor: 20 MB

RAM: 64 GB (installed) / 256 GB (max) – DDR3 SDRAM – PC3-12800

Storage Controller: RAID (SATA 6Gb/s / SAS 6Gb/s) – PCIe 2.0 x8 (LSI MegaRAID SAS 9266-8i)

Server Storage Bays: Hot-swap 2.5″

Hard Drive: 4 x HDD 600 GB (hot-swap) – SAS – 10000 rpm

Optical Storage: No optical drive

Networking: GigE

Power: AC 120/230 V (50/60 Hz)

Power Redundancy: Optional

Dimensions (WxDxH): 16.9 in x 28.5 in x 1.7 in

Weight: 22.05 lbs

Manufacturer Warranty: Limited warranty – 90 days

#Cisco ##Reseller #Server #Enterprise .

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Technology

Drone versus drone combat is bringing a new kind of warfare to Ukraine

Published

14 mins ago

October 3, 2024

NewsAdmin

Drone versus drone combat is bringing a new kind of warfare to Ukraine

A Ukrainian drone operator with a first-person view kamikaze drone
Andriy Andriyenko/SOPA Images/Shutterstock

As both sides of the ongoing Russia-Ukraine war attempt to claim technological supremacy, drone versus drone combat has become routine – and thanks to the ubiquity of cameras, this new kind of warfare is being documented in real time across air, land and sea.

Russia’s invasion of Ukraine has already been dubbed the “first drone war”, with some sources suggesting that small drones are inflicting as much as 80 per cent of the damage to military hardware and personnel. Now, the war has evolved, with machines…

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Technology

NYT Crossword: answers for Wednesday, October 2

Published

35 mins ago

October 3, 2024

NewsAdmin

The New York Times crossword puzzle can be tough! If you’re stuck, we’re here to help with a list of today’s clues and answers.

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Servers computers

Dell PowerEdge Server Portfolio

Published

40 mins ago

October 3, 2024

NewsAdmin

Dell PowerEdge servers are designed to accelerate performance for powerful computing across data centers, large-scale public clouds and edge locations.
Learn more: https://www.dell.com/sR_11s16XPw .

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Technology

Gmail gets redesigned summary cards with more data & features

Published

56 mins ago

October 3, 2024

NewsAdmin

Featured image for Gmail gets redesigned summary cards with more data & features

Google implemented summary cards in Gmail a few years ago to give you key snippets of data and shortcuts to quick actions as soon as you open an email in certain categories. The feature is especially useful when you’re checking emails about tickets, purchases, travel, etc. Now, Google has announced a big update to Gmail’s summary cards that will make them even more functional.

Gmail’s revamped summary cards include more options and useful info

Gmail’s summary cards appear in four categories of emails: Shopping, Events, Bills, and Travel. Now, Google is redesigning the cards to not only give them a new look but to integrate new quick actions and useful info. For purchases, the cards will show order details and the expected product delivery date. For events, you’ll be able to directly add upcoming events to your Calendar account, invite other people, and get directions to the location.

For bills, you’ll be able to check them out, pay them, or add a reminder to pay them later to your Google Tasks account. For travel emails, you’ll get data like the hotel’s check-in and check-out times. Summary cards in travel emails will also let you directly check-in for flights and manage hotel reservations.

The redesign of summary cards in Gmail also makes the feature more useful for getting data at a glance. Now you’ll get short summaries with all the essential information you need before reading the email. The cards will also include shortcuts to actions like “Get directions,” “Invite others,” “Track package,” “Check in,” “Remind me,” or “Mark as paid.” Google made sure that summary cards in Gmail were dynamic. This means that the information they display is updated in real-time in case there are changes regarding events, delivery dates, and more.

Gmail event summary card before and after — Event summary card: before vs after

Summary cards getting a “Happening soon” section

Google wants to make summary cards a fundamental part of Gmail. So, the company will give them more prominence with a whole new “Happening soon” section. “Happening soon” will be available at the top of inboxes and in the Gmail search box. It will include summary cards for your purchases. The new section won’t be there permanently, but it will appear when there are relevant updates about your orders.

If you have multiple pending orders with delivery dates close together, Gmail will stack the relevant summary cards. You can expand all pending cards from the stacked one whenever you want. You can also dismiss summary cards altogether if you don’t find them useful.

The new summary cards are already available for purchase-related emails on Android and iOS. The company will roll out cards for events, invoices, and travel “in the coming months.” The “Happening soon” section will also take a few months to roll out.

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