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...
The demand for trucking and other freight services slowed during the second quarter but still exceeds the capacity of a supply chain tested by the rising costs of labor, maintenance and other expenses. Executives at commercial transport companies shared these views during their quarterly earnings...
A weeklong and ongoing protest at the Port of Oakland by independent truckers has had an immediate impact upon the movement of containers from the nation’s fifth busiest container port. After blocking terminal gates at the northern California port during the week of July 18,...
As cash moves in and cash moves out of firms, as goods make their way across borders and supply chains, keeping track of it all is a complex endeavor, to put it mildly. And now, things have gotten a bit more complicated, at least from...
The demand placed on the supply chain is returning to normal levels, but the industry still faces many challenges around capacity, executives at J.B. Hunt Transport Services said Tuesday (July 19) during the company’s quarterly earnings call. J.B. Hunt, which provides supply chain solutions for...
Businesses increasingly see delivery preferences, speed of delivery, cost of delivery and inbound supply chain as competitive advantages. As a result, the role of logistics and the supply chain is fundamentally different from what it was five years ago. “It used to be looked at...
