Flexible automation in warehouses is about maintaining floor robots that are mobile, scalable based on demand volatility, and equipped to collaborate with humans for optimizing operations.
Sydney-headquartered multi-modal logistics operator Qube has announced “solid” company earnings today. ASX-listed Qube revealed a small 5 percent increase in revenues and a large 36 percent increase in profits.
Sydney, Australia-headquartered customs and logistics software provider WiseTech Global yesterday released details of massive increases in revenues and profits. ASX-listed WiseTech reported that total revenues increased by 68 percent.
DP World (NASDAQ Dubai: DPW) announced that it will repurchase P&O Ferries from Dubai World according to a DP World press release. The acquisition will be worth BGP (British pound sterling) 322 million or $421 million. (All values will be converted to U.S. dollars.)
Ecommerce is revolutionizing the way supply chains work, with predictive analytics and warehouse optimization playing a huge role in keeping up with consumer expectations.
GreyOrange announced a AI-powered modular sortation system that provides flexible automation in modern distribution and logistics centers, and can sort close to 12,000 parcels per hour.
Shippers responded to tight capacity and high rates in 2018 by turning to managed transportation providers, and if the predictions for 2019 come true, they will likely continue down this path.
Sponsored by Redwood LogisticsWe look at emerging trends in retail supply chain.
Brambles, a supplier of reusable pallets, crates and containers for the supply chain industries, recorded strong revenue growth but its profit was much lower in the first half of its financial year, according to results released to the Australian Stock Exchange.
Morgan Stanley Real Estate Investing (MSREI), the private real estate investment arm of Morgan Stanley (NYSE: MS), has purchased a majority stake of KSH Infra Pvt. Ltd. for INR (Rupees) 3.5 billion or $49 million.
Kerry Logistics (SEHK: 636) has entered a joint venture with E-Services Group (ESG) according to a Kerry press release. The joint venture, Kerry ESG, will increase e-commerce fulfillment in Hong Kong, mainland China and Taiwan, as well as the 10 members nations of the Association of Southeast Asian Nations (ASEAN).
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Haulynx adds the turn-by-turn navigation feature to its software app, integrating it with the smart load matching algorithm it was previously offering. Based on the available hours of service, geographic location, and truck type, Haulynx will suggest loads that can maximize truck capacity utility.
In the transportation and logistics circles, blockchain has been an enigma – a technology that holds extensive promise on paper, and yet on the flip side, is extremely hard to implement.
Valentine’s day is all about love… and logistics.
Descartes Systems Group (NASDAQ: DSGX) has completed its acquisition of Management Systems Resources according to a Descartes press release.
Convoy CEO Dan Lewis said that digital brokerage margins would expand until most participants adopted low-cost structure, then start compressing.
Private equity has become the major player in financing the growth of transportation and logistics companies, and venture capital inflows have also accelerated dramatically.
Supply chains, not guitar strings.
The U.S. Postal Service has been turning in losses every year, and a White House task force has asked the USPS to look at franchising the mailbox to prop up the declining margins.
Sponsored by Redwood LogisticsRedwood Logistics announced its acquisition of Strive Logistics Monday, cementing Redwood’s place as a top-15 truck broker and an emerging multimodal logistics provider with over $1 billion in freight under management.
General Motors plans to go all-electric in the future but does not expect profits until early next decade; Amazon is all set to move into the last-mile delivery segment; Tesla and Mercedes-Benz might collaborate over electric van development.
Rail operator Aurizon has completed the sale of its Queensland Intermodal Business to privately owned Australian logistics company Linfox. The Queensland Intermodal Business delivers general cargo for more than 300 customers across the state and includes a wide variety of freight including groceries, white goods and general goods.
The Transportation Intermediaries Association (TIA) announced the appointment of three new vice presidents as part of its ongoing growth plans. With over 1,700 members, the association is the leading organization devoted to the North American third-party logistics (3PL) industry.
Indigo Agriculture has recently launched Indigo Transport, a digital logistics platform designed to connect shippers and carriers to more efficiently haul agricultural products.
Predictive supply chain visibility platform FourKites has tripled its revenue since its Series B financing last year, and plans to expand its team, add features to its platform, and fund its zero deadhead initiative with the $50 million it has raised in the fresh round of investment this year.
New building to support 1-hour deliveries into downtown area.
Saudi energy minister Khalid al-Falih announced on January 26 that the country is raising $426 billion in private sector investments, which will include roughly $36 billion for logistics infrastructure according to Reuters.
With the growing complexity of supply chains, the technology advantage that managed transportation providers can provide becomes a key value-add for many shippers.
Small, yet powerful satellites can now be deployed for just a fraction of the cost of more traditional satellites, potentially changing the way logistics companies access location and other data for assets.
Bringg is a delivery logistics startup that integrates with logistics players and also with brands, bringing them together on an open platform where they can leverage the network and serve their customers optimally.
In partnership with Reliance Partners …Winter has set in, making it hard for truckers to navigate the snowed-in and slippery roads. Marilena Acevedo from PetroChoice outlines measures that could be taken by the fleet leadership and drivers to stay safe during these times.
Sponsored by Redwood LogisticsWhile Redwood has moved freight in and out of the Southeast for quite some time, this acquisition provides the company with strong operational presence in the region. This geographical expansion is a key component of Redwood’s overall acquisition strategy.
A growing number of factories, warehouses, and construction sites are integrating unpowered exoskeleton devices into their operations. Workers and companies using these devices are expected to benefit from increased safety and productivity.
Airbus (AIR: EURONEXT) broke ground for its new A220 manufacturing facility in Mobile, Alabama on Wednesday. The newest airliner in Airbus’ product line, the A220 is designed to revolutionize the market for 100-150 seat aircraft.
WorkHound, which offers an anonymous feedback platform for drivers, categorized driver comments into different groups to see what they were talking about. These were the top 5 themes.
Infestations of the brown marmorated stink bug found on ships en-route to Australia are causing havoc with local supply chains. Bugs are breeding, ships are re-routing, trucks are idling and supply chains are collapsing.
Originally planned as an outlet mall, lot to get new lease on life as industrial property
The rise of ecommerce has brought it a lot more last-mile vehicles to the urban streets, making them an integral part of the traffic congestion problems that cities face. But there are initiatives that the city administration can work on to alleviate this situation.
Wise Systems is building a fully automated system that allows teams to manage their entire fleet through cloud-based machine learning and provides dispatch routing that lets businesses plan, manage, and coordinate all aspects of deliveries with complete visibility.
Manufacturing leads first-party logistics growth because of the sector’s long-established supply chains. Retail is the next-largest contributor to first-party logistics growth through the impact of e-commerce.
Logistics startup Opus9 provides automated and digital transportation services for small and medium companies to ship truckload and LTL nationwide.
Logistics startup SmartHop helps automate route planning and provides real-time dispatch advice for truckers, while also assisting shippers in sourcing capacity for their loads.
Reverse logistics is a big issue for clothing companies, but many don’t see it that way.
Increased electric vehicle adoption could lead to higher fuel taxes; drone deliveries could be a nuisance to neighborhoods; EU believes that the U.K. might vote in favor of the Brexit agreement this January.
China’s government is making the port-city of Xiamen, in the south-east of the country, one of the main nodes oin its 21st Century version of the Silk Road. A major new initiative involving ports, road transport, maritime carriers, rail transport, common-marketing, a logistics single trade window and many other features are being set up in the City.
On-demand warehousing provider STORD has raised just under $3 million in 2018 and is looking to hire 20+ people in the Atlanta region to scale up operations.
On-demand warehousing provider STORD has raised just under $3 million in 2018 and is looking to hire 20+ people in the Atlanta region to scale up operations.
European Commission lays out ground rules and a regulation relaxations post-Brexit; Uber loses latest legal bid over driver rights; European Union announces a 37.5% reduction in CO2 emissions by 2030.
In light of various contamination scares and disease outbreaks, it is essential to disrupt food supply chains to create more visibility and transparency as products pass through multitude of stakeholders between the farm to fork.
SAP introduced Intelligent Asset Management (IAM), a suite of solutions that brings collaborative asset intelligence, planning, prediction, and simulation to equipment maintenance and operation.
Vector helps streamline trucking operations by digitizing paperwork and assists carriers and shippers in expediting workflow communication.
XPO Logistics has disputed the content of a report from Spruce Point Capital Management, a noted short-seller of stocks, that claims XPO has “perpetuated a massive financial scheme on the public.”
Uber and Lyft are battling on who would go public first; oil production sees a dip in November; Amazon Go to venture into airport retail.
A truck has moved freight from China to Poland in a record 13 days, via the TIR system, which requires road transport operators to only declare their data once when they are hauling goods across multiple borders.
Zoof-It, a Netherlands-based company that provides a last-mile blockchain platform that instantly rewards for parcel delivery in a convenient, inexpensive and responsible way, has joined the Blockchain in Transport Alliance (BiTA).
DHL’s advent into warehouse automation; India struggles with air pollution as coal consumption increases; WTI rates in danger of falling further.
Same-day shipping has been made popular by the likes of Amazon, but small-time retailers find it hard to keep pace. California-based startup Shipsi is changing that by assisting shippers to plug into last-mile delivery options and helping them provide the elusive same-day shipping experience.
Being one of the world’s fastest-growing predictive supply chain platform and delivering real-time visibility and analytics to a wide range of Fortune 500 companies and 3PLs, has helped FourKites take the #7 spot in the Freight.Tech 25.
The conference attracted over 2,000 industry players and largely revolved around the topics of Asian connectivity, the impact of trade tariffs, and technologies that are revolutionizing the logistics industry.
Penske Truck Leasing and UST Global combined on an accelerated IT training program that has seen 18 graduates move into jobs in Penske’s IT department.
Ambrosus enables consumers and supply chain stakeholders to have better trust over the products they receive or consume, by using sensors that communicate to the blockchain.
Construction workers have broken ground on a 378,405-square-foot warehouse located a mile from Interstate 80 in the San Francisco Bay area.
It’s high-cotton for transport start-ups, panel says.
Trident Transport, a four year old freight brokerage founded in Chattanooga, has announced its plans to open a second office in Tampa Bay, Florida. Russ Feldhacker, a veteran broker, will lead the new branch.
Majority of the U.S. shale oil producers are showing negative cash flow in 2018; Subaru is recalling 400,000 cars due to faulty engine part; U.S. factory orders increase more than expected in September.
Deliverr is helping businesses ship products on ecommerce platforms with an Amazon-like fulfillment service.
Boeing predicts a positive growth in international air cargo volumes over 2018, with volumes spiking during the festive winter season when businesses rush to put products on the shelves ahead of the consumer shopping spree.
Optimal Dynamics uses AI and machine learning to assist fleets in finding loads a few days into the future, which would help carriers get ahead of their competition, as they could plan their network flow further in advance than usual.
Drivers at XPO Logistics, Inc.’s (NYSE:XPO) facility in Cinnaminson, N.J., an eastern suburb of Philadelphia, have agreed to join Teamsters union Local 107, the Teamsters said.
The FreightWaves Research Institute is excited to announce the release of its second white paper, Global Freight Tickers, a worldwide study of publicly traded transportation and logistics companies
The Indian freight industry struggles with issues that most of the developing countries suffer with – like high fuel prices, inadequate infrastructure, lethargic governance, stifled technology adoption, and a general inefficiency in hauling equipment.
Shell introduces ultrafast charging stations to Europe; UPS increases capacity at the wake of the holiday season; CMA CGM offers to buyout Ceva Logistics.
Since its launch, Convoy has been innovating with technological solutions aimed at reinventing the way freight moves across the country. To help fulfill that mission, the company is now expanding beyond its Seattle, WA, roots to a second office located in Atlanta.
In partnership with Slync.io… Multi-partner views of realtime supply chain data are necessary to eliminate manual communications processes like email, which will remove friction and add value to collaborative relationships.
Uber Freight introduces three new features to its app, making it more customizable and intuitive, and helping drivers and carriers better manage their loads and time schedules.
XPO Logistics was named to the Fortune Future 50 list of U.S. public companies while KeepTruckin and Transfix were both honored by Forbes as two companies likely to achieve unicorn status.
Though blockchain is a technology with immense potential, there needs to be some commercial incentive for food supply chains to adopt it in its mainstream processes – the absence of which might let the technology remain constrained to pilot programs.
Avancargo, a freight logistics startup from Argentina has on-boarded over 18,000 trucks on its platform and is helping them connect with shippers digitally.
The Indian trucking ecosystem suffers from a lack of visibility and transparency, which Vaahika is looking to address by digitizing logistics and creating a bridge between carriers and shippers.
Loadsmart, a logistics technology company that uses data analytics to provide instant quotes and capacity, has raised its Series A financing led by Maersk Growth.
Shipwell, a freight shipping platform that makes shipping a seamless experience for SMEs, has raised $10 million in its Series A financing round, led by Fifth Wall VC.
Two high school friends, one from Access America and one from JB Hunt, founded a successful brokerage in Knoxville full of supply chain management grads. And they love SONAR.
High spot market trucking rates have caused more carriers to move to that market, but the majority of carriers in a new Transporeon Group survey have remained loyal to their shippers.
Saudi Arabia and Russia are looking to contain crude oil prices by increasing production by nearly half a million barrels per day; China’s U.S. oil exports have dried up completely; Amazon warehouse workers lose their bonus over the company’s minimum pay rise pledge.
Industry veteran Jeffery Barrie has been named CEO of DB Schenker USA, effective Nov. 1, 2018. Barrie will lead all operations in the U.S. and report directly to Philippe Gilbert, Region Americas CEO.
In a time when consumers are opting to spend less time in the kitchen, restaurants and grocery stores, convenience is king and grocery delivery services are popping up everywhere.
An annual review of the logistics business gets published; dueling intermodal views; and a startup gets a big chunk of funding.
The annual report by Infosys and others reflects an industry that is largely satisfied with the work that is being done, but with a recognition of areas that need improvement.
China’s National Bureau of Statistics reported slowing growth pointing to weaker exports as the China Manufacturing Purchasing Managers Index (PMI) dropped to 50.8 percent, down 0.5 percentage points from the previous month to the second lowest reading in 12 months.
Home Depot is Uberizing same and next-day last mile delivery with two startups backed by UPS. It’s part of Home Depot’s $1.2B investment to makes its supply chains faster and more efficient.
Readers of the printed newspaper are on a decline. It is essential that distribution companies that cater to this audience adapt to change, and optimize their logistics processes to increase profits.
Prologis is making further investments in the communities it has developed by launching an internship program for high schoolers from under-served areas to enter the logistics industry.
Adrian Gonzalez, President of Adelante SCM explained that in order to compete in the ever-changing logistics environment, the best thing companies can do is define their own competitive weapon.
BiTA participated in the Singapore Week of Innovation and Technology (SWITCH) 2018.
ZF, the German automaker has released innovative trucks that can load and unload at the warehouse and last-mile electric delivery vans with level 4 autonomy.
The Chicago based freight forwarder and 3PL announced that it has joined BiTA.
Artificial intelligence is a buzzword that has created a lot of hype in the transportation industry. But understanding the technology’s commercial utility is the need of the day.
The ports at Norfolk and Charleston have reopened after determining that the damage caused to the ports by Hurricane Florence is minimal
FEMA has been working since early in the week to arrange resources to respond as soon as it is safe to do so in areas impacted by Hurricane Florence, and said at a media briefing today that it stands ready to help.
