Forwarding AI vendor lands funding to automate shipment coordination
The $6 million influx into UK-based artificial intelligence technology provider Nexcade comes as the cost of building AI tools is likely to rise in
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US imports to hit record high in July amid pre-tariff push: retailers
But this month will be the end of an early peak season that began in May and increased in intensity, according to the Global
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Singapore’s PSA signs deal to develop $945 million four-berth Haiphong terminal
The agreement follows a series of concessions between carrier-controlled terminal operators and Vietnamese companies in the last few years to develop port facilities at
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DHL raises full-year profit forecast after Q2 revenue, earnings gains
The integrator’s positive earnings momentum was led by its air cargo-focused Express division that saw pre-tax profit increase 63% year over year in the
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Zim launches new Asia-South America loop on buoyant rates
Ocean carriers are reinjecting significant new tonnage between Asia and the east coast of South America after pulling ships away to serve an early
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Ocean carriers ride rocketing Asia-Europe rate hikes
Spot prices have more than doubled on Asia–Mediterranean routes and almost tripled from Asia to North Europe since the beginning of May.
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‘Acute’ truckload capacity shortage seen pushing up LTL demand
As truckload capacity in the US gets tighter and rates move higher, more freight is being shifted to less-than-truckload providers — something that will
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Latest spike in spot rates could be last hurrah for trans-Pacific carriers
With fresh capacity landing on the West Coast, sources say spot rates could start to soften after a four-month bull run driven by cargo
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China-Europe air cargo capacity drops sharply as EU scraps duty-free import rule
But despite the initial drop in capacity, sources are not expecting a long-term decline in business on the westbound trade lane.
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