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Need an ocean or air cargo quote? RPA Labs’ software bots have you covered

Workflow automation technology company RPA Labs has landed its first round of capital, netting $1.2 million in a pre-seed round. Schematic Ventures led the round, along with PSA UnBoxed (Port of Singapore) and other senior supply chain executives.  RPA Labs is brand-new, having come out of stealth during the fall of 2019. The executive team […]

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Eric Kulisch Wednesday, May 13, 2020

Avianca receives preliminary OK for Chapter 11 bankruptcy

A U.S. federal court on Monday agreed on an interim basis to Avianca Holdings SA’s initial motions to voluntarily reorganize under court-supervised bankruptcy protection. Latin America’s second-largest airline sought bankruptcy over the weekend in an effort to continue operating as a smaller company, saying the shutdown of its passenger network because of the coronavirus pandemic […]

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FreightWaves Staff Tuesday, May 12, 2020

Freight Futures daily curve: 5/12

Freight Futures data to watch today: Spot month futures prices It was a calm start to the week for the Trucking Freight Futures markets as the spot National contract (FUT.VNU202005) rose a fraction to $1.361 per mile. The South regional contract (FUT.VSU202005) rose 0.25% to $1.206, while the West regional contract (FUT.VWU202005) fell a fraction […]

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