Supply chain software provider E2open is being acquired by Australian tech company WiseTech Global for $2.1 billion. This transaction, the result of a strategic review pushed by an activist investor, values E2open at $3.30 per share, a 28.4% premium over its closing price last Friday.
The Canadian Union of Postal Workers implemented a nationwide overtime stoppage last Friday, averting a full strike after receiving a late contract offer from Canada Post. However, the threat of a strike has already damaged Canada Post’s parcel business, leading to anticipated delays and a sharp drop in volumes as customers seek alternative carriers.
Aurora Innovation has decided to keep a person in the driver’s seat of its autonomous trucks temporarily at the request of OEM partner Paccar, due to certain prototype parts in the base vehicle platform. This observer will not operate the vehicle but will assist with timely recovery if needed, such as pulling over for events like a tire blowout or bad weather.
Don’t forget about our upcoming FreightWaves events, including the Enterprise Fleet Summit on July 23rd and the Supply Chain AI Symposium on July 30th. You can register for these events, which are highlighted as opportunities not to miss, by visiting the live.freightwaves.com website.
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