The freight rate drop? It might be the pause that refreshes, but it’s nothing to bank on … and the transformation of supply chains must proceed apace. Time will tell whether the recent decline in freight rates, widely reported in the past several days by...
The supply chain crisis is an intermodal struggle. Freight fights to reach its destination by land, sea and air. Part of the problem is stubborn resistance to digitization and automation. A very small percentage of transactions are conducted entirely online. Read more: TradeLens: Transportation Transformation or...
Amazon is reportedly looking to build a logistics division in-house, through acquiring 51% of a stake in Ecom Express, the Indian end-to-end logistics solutions provider, a Seeking Alpha report said. The report cited unnamed sources saying the deal could go for between $500 million and...
Prices for automobiles, both new and used, were at a new high level as of June, a report from Seeking Alpha says. The company quoted Kelley Blue Book in saying that a new car in the U.S. sold for an average of around $48,000, which...
Global supply chains reported less strain in July than at any point since January 2021, with an easing of port congestion and other issues, the New York Federal Reserve reported on Thursday (Aug. 4). This was the third straight month of declines and showed encouraging...
Vector.ai has announced the introduction of payment integrations to its productivity platform for freight forwarders. With automated finance management via the platform and partner network, forwarders will be able to further automate their operations, free up their human workforce and pay the creditors much faster...
From aggregating freight to improving routing and providing visibility throughout the process, digital technology is helping companies in the transportation and logistics industry make the most of their trucks, trailers and other assets. During companies’ quarterly earnings calls held over the last couple of weeks,...
Buffeted by volatility in the supply chain and the economy at large, more supply chain executives at original equipment manufacturers (OEMs) are adopting solutions that include artificial intelligence (AI) and machine learning (ML). With these tools, executives can look beyond their aftermarket products’ sales histories,...
TradeLens is the highly publicized blockchain global trade network launched over four years ago by Danish shipping giant Maersk. Beyond the initial hype about eliminating duplicate invoices and digitizing paper workflows, little has been said about it. What was TradeLens all about then, where is...