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freight technology
Israel-Hamas war impacts Freightos operations as losses persist
Freightos, a digital marketplace for international ocean and air shipping, saw losses widen in the third quarter despite a cost initiative last summer while the freight sector’s prolonged downturn keeps a lid on revenues and the war in Gaza clouds its future.
The Israeli tech company posted an operating loss of $9.2 million for the three months ending Sept. 30 compared to $5.3 million in 2022. The loss was also greater than the $5.9 million in the second quarter. In July, Freightos laid off 13%...
Technology platforms as a service in high demand
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Freightos unit adds digital booking for North America LTL freight
North American freight forwarders now have the ability to comparison shop and make instant electronic bookings with less-than-truckload carriers through Freightos, a rapidly growing digital marketplace for international air and ocean shipments.
The development takes digital rate management to the next level and eventually will allow logistics companies to reserve air and ground delivery through a consolidated tool.
7L Freight, an Oregon-based company Freightos acquired this year, on Tuesday...
https://www.freightwaves.com/news/freightos-unit-adds-digital-booking-for-north-america-ltl-freight
Daily Infographic: Modern freight railroads run on technology
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https://www.freightwaves.com/news/daily-infographic-modern-freight-railroads-run-on-technology
Leveraging technology to build reliability and same-day delivery at scale
Changes in consumer demand paired with global supply chain disruptions present a unique challenge for businesses. Consumers expect increasingly faster delivery and companies of all sizes must compete for their attention.
Businesses often struggle to create ultra-reliable final-mile solutions without stringing together regional partners or managing a fleet of their own — both costly in time and overhead.
Amazon’s recent growth of its same-day delivery services and Walmart’s expansion of its online...
Parade equipping freight brokers with digital blueprint
Supply chain volatility this past year has put tremendous pressure on freight brokers to manage the madness, pushing them to the limit as shipper requests multiply. It’s been equally frustrating for carriers looking to keep up with the fast pace of the industry.
Anthony Sutardja, CEO and co-founder of Parade, said it’s been challenging for some to build strong relationships and quickly find capacity amid such rapid growth. Worse, the exorbitant prices of FreightTech solutions have left many...
https://www.freightwaves.com/news/parade-equipping-freight-brokers-with-digital-blueprint
CIO’s previous roles at Echo reflect drive for innovation
Roles in finance and strategy at Chicago-based Echo Global Logistics prepared Zach Jecklin to lead technology initiatives as chief information officer.
The leading freight brokerage and technology-enabled transportation service provider named Jecklin as its CIO in December. Jecklin, a 14-year company veteran, made his mark as a financial analyst before ascending to vice president of finance and later senior vice president of strategy.
He credits his broad set of roles and responsibilities...
https://www.freightwaves.com/news/cios-previous-roles-at-echo-reflect-drive-for-innovation
Transfix ESG report: Digital platform helping reduce waste in freight
Digital freight platform Transfix’s first environmental, social and governance report says the Transfix platform “helps mitigate operational waste and carbon emissions by utilizing data, machine learning, automation, and human expertise to help carriers reduce their empty miles and shippers lessen their indirect emissions.”
The report, released Tuesday, focuses on how Transfix’s platform can help reduce emissions through consolidating shipments and decreasing empty miles and backhaul. It also...
Daily Infographic: Don’t think you need a dashcam? 3 reasons you do
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Visit JJKeller.com/DashCamPro or call 855-693-5338 to learn more.
https://www.freightwaves.com/news/daily-infographic-dont-think-you-need-a-dashcam-3-reasons-you-do