Shipping

Freight transport is the physical process of transporting commodities and merchandise goods and cargo. The term shipping originally referred to transport by sea but in American English, it has been extended to refer to transport by land or air as well.

Source: en.wikipedia.org

Wish Reports 42% Decline in Q2 Revenue, Blames Competition
Wish Reports 42% Decline in Q2 Revenue, Blames Competition
August 03, 2023  |  Retail

The eCommerce giant ContextLogic Inc., better known as Wish, reported a 42% drop in total revenue year-over-year in its second-quarter earnings Thursday (Aug. 3), blaming competition...

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Working Capital Innovations Power Trade Sector’s Journey Toward Efficiency
Working Capital Innovations Power Trade Sector’s Journey Toward Efficiency
August 01, 2023  |  B2B Payments

To eliminate paper checks and manual payment processes, you need to look for them first. But once you see them, you’ll find them everywhere. That’s...

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Retailers Find It’s Expensive to Be Like Amazon
Retailers Find It’s Expensive to Be Like Amazon
July 13, 2023  |  Retail

Retailers are recognizing that offering free shipping may not be sustainable in the long run. However, rather than eliminating it, they are raising the criteria...

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Freightos Reduces Headcount by 13% in Operational Efficiency Plan
Freightos Reduces Headcount by 13% in Operational Efficiency Plan
July 11, 2023  |  Shipping

Freightos is reducing its headcount by 13%, or about 50 employees, as part of its plan to cut costs and boost efficiency. This operational efficiency plan...

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USPS Steps Up Competition for Small Packages With New Option
USPS Steps Up Competition for Small Packages With New Option
July 10, 2023  |  Delivery

The U.S. Postal Service (USPS) has launched a new shipping offering designed to let customers send packages within a delivery window of two to five days...

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42% of Retail Subscribers May Bail if Merchants Ditch Free Shipping
42% of Retail Subscribers May Bail if Merchants Ditch Free Shipping
July 03, 2023  |  Subscriptions

For consumers with retail product subscriptions, free shipping is essential to maintaining their loyalty. For PYMNTS’ study “Subscription Commerce Readiness Report: The Loyalty Factor,” created...

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Industrial Economy’s Recent Advances Were Built on Ancient History 
Industrial Economy’s Recent Advances Were Built on Ancient History 
June 29, 2023  |  Supply Chain

In 1956, U.S. businessman Malcolm McLean was granted a patent for his intermodal shipping container. Today, tens of millions of shipping containers provide the critical...

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Digital Platforms Look to Speed Logistics Sector Innovation
Digital Platforms Look to Speed Logistics Sector Innovation
June 26, 2023  |  Shipping

The industrial economy’s iceberg of institutional inertia is showing signs of melting. New tools and platforms that can streamline and digitize shipping and logistics processes,...

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Real-Time Insights Bring Clarity to Chaos of Global Logistics Sector
Real-Time Insights Bring Clarity to Chaos of Global Logistics Sector
June 21, 2023  |  B2B Payments

A seismic shift in systemic capability is sweeping across the global shipping ecosystem. While it’s been more than two years since the Ever Given container ship got...

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