artificial intellgence

FreightTech experts: 2024 is the year for laggards to catch up

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As the FreightTech industry continued its rapid evolution, 2023 presented unique challenges and...

https://www.freightwaves.com/news/freighttech-experts-2024-is-the-year-for-laggards-to-catch-up

The AI advantage: Shaping the future of enterprise efficiency

The past year has been characterized by plentiful capacity and rock-bottom rates. While the current freight recession has continued longer than initially expected, industry experts are anticipating a significant market shift in the new year. 

“Having navigated through a cyclical trough for the ages, both spot and contract truckload linehaul rates are now poised to break materially higher in 2024,” Flock Freight Chief Operating Officer Chris Pickett said. 

It’s a well-known — and often...

https://www.freightwaves.com/news/the-ai-advantage-shaping-the-future-of-enterprise-efficiency

AI will level the playing field for SMB warehouses

This fireside chat recap is from FreightWaves’ Domestic Supply Chain Summit on Wednesday.

FIRESIDE CHAT TOPIC: The future of warehousing.

DETAILS: FreightWaves’Anthony Smith and  Henrik Bergsager, Powerhouse AI’s director of strategic partnerships, operations and revenue growth, dive into the future of warehousing and how AI will level the playing field for small and midsize players.

KEY QUOTES FROM BERGSAGER:

“Where we see a main change [in warehousing automation] happening next year and the next...

https://www.freightwaves.com/news/ai-will-level-the-playing-field-for-smb-warehouses

Are startup investors getting past the FOMU cycle?

The same driverless technology that Kodiak Robotics plans to put on highways in late 2024 has application to the military, which sees leveraging commercially developed innovation as smarter than creating everything itself.

Following Kodiak’s reveal of its Ford F-150-based prototype autonomous vehicle for the U.S. Army on Monday, Kodiak founder and CEO Don Burnette and I discussed dual-use technology, the recent comings and goings in the autonomous trucking space and a thawing of investor...

https://www.freightwaves.com/news/are-startup-investors-getting-past-the-fomu-cycle

Shippers, regulators tap into technology to ferret out illicit imports

ORLANDO, Fla. — Data analytics and artificial intelligence have emerged as powerful tools in the fight against illicit imports. 

At the Council of Supply Chain Management Professionals’ Edge conference in Orlando, Florida, last week, a panel of technology and shipping experts centered their discussion on the vital significance of harnessing these cutting-edge capabilities to evaluate the risks associated with global supply chains and imports. 

FreightWaves’ Grace Sharkey discusses AI with Janet...

https://www.freightwaves.com/news/shippers-regulators-tap-into-technology-to-ferret-out-illicit-imports

Outrider hiring globally for launch of autonomous distribution yards

Outrider Inc. founder and CEO Andrew Smith is the very definition of deliberate. Each robotic advance his company has made to a dangerous or dirty job in a distribution yard builds on another. Since raising $73 million in a Series C round in January, he’s been growing his team.

“While a lot of folks were pulling back on developing their teams, we’ve continued to build out Outrider’s leadership position in both safety technology and deep learning, or AI, for industrial systems,” Smith told me...

https://www.freightwaves.com/news/outrider-hiring-globally-for-launch-of-autonomous-distribution-yards

How AI has the ability to help prevent accidents on the road

AI has the power to transform how people work and drive positive change in entire industries. When it comes to the trucking industry, nothing is more important than improving road safety. But while AI technology is available, the trucking industry hasn’t yet fully embraced it compared to parallel industries.

Now is the time to make that change. Roads are getting more dangerous. Recent data from the National Highway Traffic Safety Administration (NHTSA) shows traffic deaths reached a 16-year high...

https://www.freightwaves.com/news/how-ai-has-the-ability-to-help-prevent-accidents-on-the-road

Princeton TMX taps industry veteran Mark McEntire as CEO

TMS provider Princeton TMX announced recently it has hired industry veteran Mark McEntire as CEO, succeeding founder and CEO Tim Minnich.

Princeton TMX’s new CEO Mark McEntire (Photo: LinkedIn)

Minnich will continue to support McEntire as a board member, advising on the company’s growth strategy.

Pulling from his 35 years of experience, including time at JB Hunt Transport Inc., Penske Logistics, Transplace and Emerge, McEntire plans to continue to drive technology exploration in his new role.

In...

https://www.freightwaves.com/news/princeton-tmx-taps-industry-veteran-mark-mcentire-as-ceo

The true role of AI in logistics

By Bart De Muynck
The views expressed here are solely those of the author and do not necessarily represent the views of FreightWaves or its affiliates.

You can hardly read an article these days without coming across the term “AI,” or “artificial intelligence.”

Many folks will challenge the true value of AI and whether it is just more hype. At the same time, AI has already saved human lives by applying it in the medical analysis of kidney disease. 

So, let’s dive into the topic to figure out if...

https://www.freightwaves.com/news/the-true-role-of-ai-in-logistics

Parade secures $17M from I Squared Capital for AI endeavors

Capacity management platform Parade announced Thursday it has closed a $17 million venture round led by I Squared Capital to continue enhancing its product.

“We’re excited to lead Parade’s funding round at a transformative time for the freight industry, which is on the cusp of a tech revolution. Parade’s AI-driven solutions are poised to unlock huge productivity gains in this industry often characterized by cautious adoption of technology,” said Kevin Crull, global infratech fund partner at I...

https://www.freightwaves.com/news/parade-secures-17m-from-i-squared-capital-for-ai-endeavors

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