Open-deck transportation marketplace EXO Freight closed its Chattanooga, Tennessee, office Tuesday, laying off 19 employees, including a few from its spot brokerage team in Royal Oak, Michigan, who were mainly operations-focused, co-founder and CEO Kurtis Tryber told FreightWaves.
Tryber said it was an intentional move by the company to pivot from covering unprofitable spot market freight through its brokerage to utilizing its specialized marketplace and fintech solutions for managed...
The world’s first electric pusher tug, Kotug International’s E-Pusher Type M, is now, as we reported earlier, transporting cocoa beans for Cargill from the Port of Amsterdam, the largest cocoa import port in the world, to Cargill’s cocoa factory in Zaandam, the Netherlands. Inside the tug is a container with an EST-Floatech battery system that supplies all its energy needs.
EST-Floattech’s team developed the custom built containerized solution with its Octopus High Energy modules in a process...
Universal Transit, a groundbreaking company founded by three innovative friends in New Jersey in 2020, is on a mission to revolutionize the auto transportation sector.
With aspirations to raise $1.2 million through regulation crowdfunding (Reg CF) on Republic, this startup is not merely aiming to alter the landscape of car shipping; it’s actively leading the charge. The auto shipping industry, despite its significant worth, has largely remained untouched by modernization.
Universal Transit CEO...
https://www.freightwaves.com/news/universal-transit-pioneering-ai-to-transform-auto-transportation
Mitsui O.S.K. Lines Ltd (MOL) will be the first Japanese shipping company to commercially install a CO2 capture solution on board one of its ships. And that’s good news for Rotterdam headquartered Value Maritime. It is to provide a 15 MW next generation Filtree exhaust gas scrubber with an additional carbon capture unit for installation on MOL’s LR1 product tanker Nexus Victoria.
With a deadweight (DWT) of 75,000, this is the largest vessel, in terms of DWT, and the first LR1 tanker to be fitted...
https://www.marinelog.com/news/mol-in-japanese-on-board-carbon-capture-first/
The views expressed here are solely those of the author and do not necessarily represent the views of FreightWaves or its affiliates.
In the age of e-commerce dominance, customer expectations have skyrocketed. Fast, transparent and convenient delivery are no longer just perks; they have become baseline expectations. To meet these demands, businesses need to optimize every stage of the supply chain. Here’s where a crucial shift takes center stage: marrying the middle mile and the...
Smart Shipping Acceleration Fund to focus on tech for autonomous craft and smart ports
Global fashion retailer Shein’s latest announcement on LinkedIn revealed that its U.S. marketplace merchants can now integrate with Flexport’s fulfillment services, a move expected to drive growth for Flexport.
“With Flexport as our preferred logistics partner, we’re revolutionizing the way you manage inventory and fulfill orders. … From inventory management to sales, everything works together seamlessly to boost efficiency,” Shein said.
The partnership will enable merchants to manage their...
https://www.freightwaves.com/news/will-shein-help-propel-flexports-future
Value Maritime’s CCS system should capture 10% of vessel’s CO2 emissions, companies claim.
Max Farrell, CEO of real-time feedback platform WorkHound, joined Jeremy Reymer on this week’s episode of Taking the Hire Road to discuss the value of driver feedback, the creation of an effective feedback loop and trends in the current economic climate.
Retention is a hot topic, especially in this challenging freight environment. How are companies leveraging the kind of feedback that WorkHound provides?
During freight recessions like the current one, Farrell said, rightsizing is more...
https://www.freightwaves.com/news/leveraging-feedback-to-improve-efficiency-taking-the-hire-road
After 15 years, Philippe Berterottiere hands over reins of major LNG technology provider as he steps up to lead board