There is a widening gap in the logistics industry — between organizations that have undergone a digital transformation and those that have not.
It’s not a secret that the freight technology revolution has disrupted the logistics industry, and investors are betting their money it will continue. Freight technology venture capital investment deals soared from $11.7 billion in 2016 to an astounding $41.3 billion in 2021, according to numbers reported by Pitchbook. The result of this influx of...
By Omar Singh, president and founder, Surge Transportation
Do you remember studying something in school and asking yourself or your teacher, “When am I ever going to use this?” Well I asked that once of a professor when talking about a calculus class. He explained that we were not studying calculus because we were going to use it in whatever jobs we ended up having. We were studying it to learn how to solve complex, multistep problems: “I know you are not going to use the quadratic equation in...
https://www.freightwaves.com/news/api-vs-rpa-whats-the-difference
DHL Supply Chain, a leader in contract logistics within Deutsche Post DHL Group, announced on Wednesday a framework agreement with Locus Robotics to continue expanding its automation collaboration that began in 2017 as an important piece to DHL’s Accelerated Digitalization Strategy.
Within this extended agreement, DHL plans to add 2,000 robots by 2022, making it Locus Robotics’ largest customer. DHL already has more than 500 assisted picking robots in use today and plans to add 500 more to more...
https://www.freightwaves.com/news/dhl-extends-warehouse-automation-partnership-with-locus-robotics
While all transportation modes feel pressure to move shipments quickly, it is particularly intense for expedited shipping companies. Beyond just getting cargo from point A to point B, speeding the process also requires streamlining the supportive tasks surrounding the process, such as rate quoting, booking and tracking.
“For a shipment to be truly expedited, the entire process must also be expedited,” said Dale Prax, president and CEO of Direct Expedite. “I like to compare it to an ambulance. If...
https://www.freightwaves.com/news/automation-helps-brokerages-move-past-tyranny-of-the-urgent
Digital or not, brokerages rely on people. But the growth of digital freight-matching (DFM) platforms like Uber and Convoy is forcing small to midsize brokers to compete by starting their own technology programs and rethinking traditional human labor.
But considering that DFM platforms can flood $200 million into their technology, competing is a daunting prospect for smaller firms.
Hubtek, a staffing and technology company, hosted a webinar with FreightWaves to discuss automation opportunities...
https://s29755.pcdn.co/news/how-small-brokers-can-compete-with-digital-freight-matching