PYMNTS-MonitorEdge-May-2024

freight

Class8 Raises $22 Million for AI-Powered Logistics Solutions for Fleets
Class8 Raises $22 Million for AI-Powered Logistics Solutions for Fleets
November 19, 2024  |  News

Class8, formerly known as FleetOps, has raised $22 million in a Series A funding round to promote its original equipment manufacturer (OEM)-integrated, artificial intelligence (AI)-powered logistics...

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Mastercard and Vodafone Launch UK Embedded Payments Partnership
Mastercard and Vodafone Launch UK Embedded Payments Partnership
October 10, 2024  |  Partnerships

Mastercard is rolling out new embedded payments technology for the freight, shipping and logistics sectors. The rollout, announced Thursday (Oct. 10), is focused on the...

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FedEx Tamps Down 2025 Outlook Despite Digital Transformation Efforts
FedEx Tamps Down 2025 Outlook Despite Digital Transformation Efforts
September 19, 2024  |  Earnings

In some ways, FedEx is a bellwether of global trade and logistics. After all, global growth, inflation, fuel costs, interest rates, supply chain disruptions and...

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Denim and Tai Software to Streamline Freight Broker Payments
Denim and Tai Software to Streamline Freight Broker Payments
September 16, 2024  |  Shipping

Transportation management system Tai Software has launched a partnership with freight-factoring firm Denim. The “two-way digital integration,” announced Monday (Sept. 16), allows users to send important job information from Tai...

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Freightos Acquires International Procurement Platform Shipsta
Freightos Acquires International Procurement Platform Shipsta
August 19, 2024  |  Earnings

The freight market makes the world’s trade and commerce go ’round. And, if the Monday (Aug. 19) second-quarter 2024 earnings call from freight booking and...

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Data Shows 93% of Truckers Would Use Instant Payments if Offered
Data Shows 93% of Truckers Would Use Instant Payments if Offered
August 19, 2024  |  Real-Time Payments

The transportation industry is a high-speed world of logistics and delivery, where efficiency and speed are paramount. Yet, the methods by which many transportation businesses...

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Global Freight Recession Drives UPS Profits Down by Over 30%
Global Freight Recession Drives UPS Profits Down by Over 30%
July 23, 2024  |  Earnings

Softened pricing, heightened labor cost, and a freight demand pullback are battering the shipping sector. And add to that dynamic operating landscape the recent delays...

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Fleetio Adds On-Site Fuel Management to Fleet Maintenance Software
Fleetio Adds On-Site Fuel Management to Fleet Maintenance Software
July 16, 2024  |  Transportation

Fleetio has added two new integrations to its fleet maintenance management software. These integrations with FuelCloud and Fill-Rite will help businesses with on-site bulk tank...

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Instant Payments Could Be Incentive to Keep Truckers in Driver’s Seat
Instant Payments Could Be Incentive to Keep Truckers in Driver’s Seat
June 17, 2024  |  Real-Time Payments

If any U.S. consumers are wondering why their packages are late, the answer might be because there simply aren’t enough truck drivers manning 18-wheelers and...

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