PayCargo targets invoice automation with Rippey AI acquisition PayCargo has taken a majority ownership stake in process automation company Rippey AI to better connect invoicing to payment transactions. PayCargo targets invoice automation with Rippey AI acquisition International Freight
Read More →Flexport resurrects Convoy truckload tech as tool for drivers, brokers
on February 22, 2024in Industry News
Flexport resurrects Convoy truckload tech as tool for drivers, brokers Increased driver adoption of apps in the truckload industry was driven in part by now-shuttered broker Convoy, whose technology was relaunched Thursday by forwarder Flexport. Flexport resurrects Convoy truckload tech as tool for drivers, brokers International Freight
Read More →India-Europe trade hit hard by longer transits amid Red Sea diversions
on February 22, 2024in Industry News
India-Europe trade hit hard by longer transits amid Red Sea diversions Carriers are dealing with a significant backlog of cargo that has built up because of longer transit times, cutting down available space for exports and raising rate levels. India-Europe trade hit hard by longer transits amid Red Sea diversions International Freight
Read More →Logistics’ complicated structure requires equally complex approach to AI usage
on February 14, 2024in Industry News
Logistics’ complicated structure requires equally complex approach to AI usage ChatGPT and generative AI have captured most of the attention around artificial intelligence in logistics, but the diverse range of processes underpinning global supply chains require multiple types of AI working in concert. Logistics’ complicated structure requires equally complex approach to AI usage International Freight
Read More →Maersk to ‘look into’ potential DB Schenker acquisition: Clerc
on February 8, 2024in Industry News
Maersk to ‘look into’ potential DB Schenker acquisition: Clerc The profitability of global forwarders since the pandemic has piqued Maersk’s interest in the sector and it would be “irresponsible” to ignore DB Schenker’s availability, according to the carrier’s CEO. Maersk to ‘look into’ potential DB Schenker acquisition: Clerc International Freight
Read More →Gebrüder Weiss buys Cargo-Link, expanding US LCL network
on February 5, 2024in Industry News
Gebrüder Weiss buys Cargo-Link, expanding US LCL network The Austria-based global logistics provider looks to increase its US presence, adding less-than-containerload services by acquiring a Utah-based forwarder. Gebrüder Weiss buys Cargo-Link, expanding US LCL network International Freight
Read More →C.H. Robinson sees cautious shippers, no near-term global demand upturn
on February 1, 2024in Industry News
C.H. Robinson sees cautious shippers, no near-term global demand upturn The largest US broker and forwarder expects ocean spot rates to subside after the Chinese New Year and for US trucking markets to slowly improve throughout 2024. C.H. Robinson sees cautious shippers, no near-term global demand upturn International Freight
Read More →DSV volume stabilizes in Q4 to deliver solid 2023 result
on February 1, 2024in Industry News
DSV volume stabilizes in Q4 to deliver solid 2023 result While down significantly from 2022, the forwarder remained profitable last year as fourth-quarter gains helped dull the full-year impact of sharply correcting global freight markets. DSV volume stabilizes in Q4 to deliver solid 2023 result International Freight
Read More →Shippers urged to tether rate management with freight invoice processes to cut errors
on January 26, 2024in Industry News
Shippers urged to tether rate management with freight invoice processes to cut errors Most shippers use spreadsheets to manage rates from forwarders and container lines, which contributes to an inefficient process for freight payments and audits. Shippers urged to tether rate management with freight invoice processes to cut errors International Freight
Read More →Former Slync CEO Kirchner convicted by federal jury over misuse of company funds
on January 26, 2024in Industry News
Former Slync CEO Kirchner convicted by federal jury over misuse of company funds A guilty verdict against Slync founder Chris Kirchner brings closure on a saga that came to light when Slync employees went unpaid for weeks in spring 2022. Former Slync CEO Kirchner convicted by federal jury over misuse of company funds International Freight
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