API

APIs bring added flexibility and savings to the shipping process

Changing technology can quickly put a transportation company on its back foot. However, by continually making investments in technology, a company can adapt to the times. That’s where today’s business leaders can differentiate themselves and bring new solutions to their customers.   

Electronic data interchange (EDI) is one of those key solutions. EDI is a well-established technology that hundreds of thousands of businesses – and many in transportation – use every day. One drawback of EDI is...

https://www.freightwaves.com/news/apis-bring-added-flexibility-and-savings-to-the-shipping-process

Technology is changing the way freight brokerages operate

XPO incorporates AI and machine learning into brokerage

Digital brokerages have dominated headlines in recent years, but some old standbys continue to perform. And for some of them, like XPO Logistics (NYSE: XPO), the idea that digital brokerages represent a new way of moving freight masks the fact that many traditional brokerages have remained at the cutting edge, and even in the lead, of the digital revolution.

“We don’t think of ourselves as an incumbent broker,” Lou Amo, president of Freight Brokerage and Expedite at XPO Logistics, told...

https://www.freightwaves.com/news/technology-is-changing-the-way-freight-brokerages-operate

Oil Continues To Rally As Crude Inventories Fall!

  • Oil jumps after API reports draw in crude oil inventories and API estimated a large build in crude oil inventories of 7.58 million barrels.
  • Oil production in the United States fell from 13.1 million bpd to 11.6 million bpd – a drop of 1.5 million bpd.
  • Distillate inventories were up by 5.1 million barrels for the week while Cushing inventories saw a draw of 5 million barrels.

Oil jumps after API reports draw in crude oil inventories, writes Julianne Geiger for Oil Price.

Large crude oil...

https://mfame.guru/oil-continues-to-rally-as-crude-inventories-fall/

Milito named new president of NOIA

Photo courtesy of Diamond Offshore

Veteran energy industry association executive Erik Milito has been named the new president of the National Ocean Industries Association (NOIA) . He assume his new role effective Nov. 1.

“Erik is a strong leader and an effective communicator, qualities that make him a great fit for NOIA President and will serve our membership well. I am confident in his ability to inspire the NOIA membership and convey to the public the important role that offshore energy plays in America and beyond,” said NOIA...

https://www.workboat.com/news/offshore/milito-named-new-president-of-noia/

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