PYMNTS-MonitorEdge-May-2024

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

Maersk Projects $26B Drop in Profits After Record 2022
Maersk Projects $26B Drop in Profits After Record 2022
February 08, 2023  |  Earnings

Global shipping giant Maersk is projecting profits will plummet this year following a record 2022. The company’s 2022 earnings report released Wednesday (Feb. 8) shows...

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Auto Hauler Exchange CEO on Making Platforms Work in Vehicle Transport
Auto Hauler Exchange CEO on Making Platforms Work in Vehicle Transport
February 03, 2023  |  Connected Economy

Digital marketplaces are rewriting industry rulebooks, building new B2B relationships and modernizing historical processes. This is paradoxically most true, and most impactful, in those industries...

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Shipium and Quiet Platforms Partner on Delivery Solutions for eCommerce
Shipium and Quiet Platforms Partner on Delivery Solutions for eCommerce
January 30, 2023  |  Delivery

Shipium and Quiet Platforms have partnered to help eCommerce businesses improve delivery speed, cost and accuracy. Those that use both Shipium’s shipping platform for eCommerce...

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B2B Shipping Platform Fr8Tech Teams With Trucking Firm Majoba
B2B Shipping Platform Fr8Tech Teams With Trucking Firm Majoba
January 30, 2023  |  Partnerships

B2B shipping firm Freight Technologies has increased its reach by partnering with trucking company Majoba. The companies announced their collaboration Monday (Jan. 30), saying that...

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FourKites and Cargonerds Add Real-Time Tracking to Digital Freight Platform
FourKites and Cargonerds Add Real-Time Tracking to Digital Freight Platform
January 30, 2023  |  Partnerships

FourKites and Cargonerds have partnered to help freight forwarders and shippers track global shipments in real time. The new collaboration adds FourKites’ real-time supply chain...

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Global Freight Platform Freightos Goes Public and Raises $80M
Global Freight Platform Freightos Goes Public and Raises $80M
January 25, 2023  |  Investments

Global freight booking and payment platform Freightos is going public. The firm said in a Wednesday (Jan. 25) press release that it has closed its...

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Extreme Delivery Drives New Sales for Restaurants Via Nationwide Shipping 
Extreme Delivery Drives New Sales for Restaurants Via Nationwide Shipping 
January 24, 2023  |  Restaurant innovation

Restaurants are leveraging the digital shift to broaden audiences and add revenue streams. Take, for instance, Chicago-based fast-casual Italian beef chain Buona, which launched its direct-to-consumer...

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Freightos’ Freight-as-a-Service Platform Finds Success With Large Suppliers
Freightos’ Freight-as-a-Service Platform Finds Success With Large Suppliers
January 16, 2023  |  Shipping

For any platform model to succeed, there should be growth in both supply and demand. Freightos’ most recent update on its bookings and transactions show...

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Supply Chain Tech Firm Flexport Lays Off 20% of Workforce
Supply Chain Tech Firm Flexport Lays Off 20% of Workforce
January 11, 2023  |  Personnel

Supply chain tech firm Flexport is laying off 20% of its global workforce. Flexport Co-CEOs Dave Clark and Ryan Petersen said in a note to...

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