Last-mile tech startup FarEye looks to Americas for expansion

India-based logistics technology startup FarEye, announced yesterday that it plans to grow its presence in the United States by opening a Chicago office and building out its team of local experts to serve the U.S. market. For starters, the company appointed Larry Klimczyk as president of the Americas region. The company’s CTO, Gaurav Srivastava, will also be relocating to Chicago.   Best known for its end-to-end […]

Automation, capacity, economic woes top supply chain trends report

With the continuing rise of e-commerce demand despite lackluster economic growth, supply chain professionals are most concerned about lack of capacity and rising costs in e-commerce, according to research firm EyeForTransport (EFT), which released its “Supply Chain Hot Trends 2019” report this week. Based on a global survey of 765 supply chain professionals, including retailers, […]

Forwarding boosts unit operating profit for UPS in Q1

UPS reported first-quarter 2019 net income was down 17.4% year-over-year to $1.11 billion, on revenues that were up slightly (0.3%) at $17.1 billion. Operating profit for the quarter declined 8.3% to $1.39 billion, as the company was hit by forecasted “headwinds” and a series of severe winter storms that impacted the company’s US Domestic segment. […]

DHL asks, is your business falling behind in supply chain digitalization?

It’s not just a catchy headline any longer: your business is missing out – or even falling behind – and DHL has the data to prove it! According to the integrator’s polling, 95 percent of companies are not capturing the “full benefits of digitalization technologies for their supply chains.” “This is a transformative juncture for […]

E-commerce disruption of air cargo only in its opening act, Unisys says

We are only seeing the opening act of the e-commerce effect, according to logistics IT company Unisys. A report released by the company this week claims that the global air cargo industry will transform by 2020 through “even smarter” warehouses, as companies across the supply chain rush to capitalize on the e-commerce boom. One novel […]

CNS: Viva la tech revolution, for those who survive the disruption

ORLANDO — “We are not technical Neanderthals,” Brandon Fried, Executive Director, Airforwarders Association reminded the panel titled, “A Shipper’s Perspective of the US Air Cargo Industry and its Impact on their Value Chain” at this yesterday’s CNS Partnership conference session. The supply chain is still struggling to negotiate the complexity of freight forwarding, while providing […]

Cargo Chat: Cloud-based Globatom to enhance, not disrupt, forwarding world

Cloud-based technology and online freight platforms are becoming a routine part of the airfreight and forwarding world – but not everyone is eager to get on board, as evidenced by a few traditional forwarders that have made little progress with online freight booking platforms. But as supply chains become more agile and near-sourcing becomes more […]

Elon Musk sets sights on streamlining supply chain

There could be more supply chain consolidation in the future for car maker Tesla Inc. It’s no secret that Tesla is a fan of vertical integration — with its acquisition of Solar City and building of the Tesla Gigawatt Factory as just a few examples of supply chain consolidation. And Tesla’s CEO Elon Musk hinted at the […]

Data-driven shipper-3PL relationships add value to supply chains

In the modern supply chain, where fluctuating capacity, increased shipper demands and hard-to-predict disruptions create a volatile decision-making environment, shippers and third-party logistics providers (3PLs) are increasingly using analytics to improve efficiency, according to the results of the “2017 Third-Party Logistics Study,” which was released this morning at the Council of Supply Chain Management Professionals […]

CFA 2016: Is airfreight ignoring a trillion-dollar market?

HONG KONG – Airfreight clearly has a major role in servicing e-commerce fueled cross-border traffic in the future, but the conclusion of panelists on “The E-commerce Explosion and Air Freight” session at Cargo Facts Asia 2016, sponsored by our sister publication, Cargo Facts, was that individual players risk being squeezed out of this market unless […]

Metro Supply Chain buys emergency automotive logistics firm

To capture part of the automotive supply chain market, Canada-based 3PL solutions provider Metro Supply Chain Group has completed the acquisition of U.K.-based automotive and industrial services emergency logistics provider, Evolution Time Critical. Although the financial details have not yet been disclosed, the deal enables Metro to further its expansion outside North America and carve […]
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