Freight Volume by Commodity

September 6, 2018 | 35 views

the American economy stretches across a continent with links to the world, drawing on natural resources and manufactured products from many locations to serve markets at home and abroad. More freight is moving greater distances as part of far-flung supply chains among distant trading partners. In 2015 the U.S. transportation system moved a daily average of about 49.3 million tons of freight valued at more than $52.5 billion.

Spotlight

Teekay

Teekay is an operational leader and project developer in the marine energy space. Established in 1973, Teekay has developed from a regional shipping company into one of the world’s largest marine energy transportation, storage and production companies. We bring energy where it is needed — anywhere in the world — to power the global economy and to improve people’s lives.

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SOFTWARE AND TECHNOLOGY

Put Strategy First When Pondering Automation for Your DC

Article | April 19, 2022

The unsurprising investment eagerness of venture capital funds is manifesting in an automation tech glut in the distribution center space. Motivated by enabling trends like labor and land shortages, DCs are amid an automation transformation. Never has defining an automation strategy been more important. There’s no shortage of VC cash available to logistics tech startups With a brightly shining spotlight centered on supply chains for the past two years, it’s no surprise that total funding in logistics startups has seen a dramatic increase – growing at over 70% CAGR (Compound Annual Growth Rate). Logistics technology startups raked in over $25 billion in the first three quarters of 2021. That’s more than half of the total amount raised in the whole of 2020, and the incentives for continuing investment persist. The rise of the of the “micro” DC “Micro” is a relative term. The size of a micro fulfillment center (MFC) can range from 5,000 to 50,000 square feet. Those reduced square footages allow location in dense urban areas, typically within 40 miles of most of their intended customers. In addition, smaller footprints lead to reduced rents compared to a standard customer fulfillment center (CFC), and the proximity to consumers makes for lower final mile delivery costs. It’s no wonder that MFCs accounted for more than half of the logistics real estate leasing activity in the third quarter of 2021. The “urban logistics” trend is fueling demand for these highly automated, smaller locations. Vertical logistics integration grows ever more fashionable among retailers It’s a very “in” thing right now, these acquisitions and partnerships, and they won’t be going out of fashion soon. For example, American Eagle took in Airterra and its parcel optimization tech and third-party logistics (3PL) provider Quiet Logistics. Target started early. They bought Grand Junction, a software platform that helps retailers determine the best delivery method and track carrier performance, in 2017. Their 2020 acquisition of Deliv brought with it same-day delivery routing technology that they’re now applying to their 2021 purchase, on-demand delivery service Shipt. Target uses Delivs’ tech to generate more efficient routes for Shipt. Kroger has partnered with UK’s e-grocery specialist Ocado to build automated CFCs across the US and expand their retail footprint. The first CFC opened last spring in Ohio and their second in Florida later that year. They plan to open 20 CFCs over the next three years. “The proliferation of DC automation solutions and modalities, the rise of MFCs in high-density urban areas, the increasingly automated vertical integration of logistics, and the need to rapidly expand order fulfillment capacity have all, in combination, advanced the need for and application of clearly defined strategies concerning the implementation of automation technology. Do not operate without one.” Vikas Argod, Principal, Supply Chains Operations practice at Chainalytics Coping with shortages in warehouse space and labor availability Third quarter, 2021 US demand for industrial real estate exceeded supply by 41 million square feet. This pushed the national vacancy rate in the fourth quarter down to a record 3.7% in the Cushman & Wakefield US National Industrial MarketBeat report for Q4 2021. Who knows what the record might be when the Q1 2022 report breaks in a few weeks? On the labor side, the December 2021 US unemployment rate was 3.9%, lower than in December 2019 (3.6%) yet reflecting a tighter labor market. Labor force participation rates are at 61.9%, nearly 2% below February 2020 levels, because of lingering effects of the COVID-19 pandemic. The rising wages and signing bonuses of the past year offer silent testimony to the ongoing constraints in today’s labor market. Both trends will remain with us for the near- and mid-term, making an automation strategy a necessary part of your DC operations as you attempt to mitigate the effects of both. In addition, warehouse labor shortages are most pronounced in markets with high distribution center densities – Greater Memphis, In-land Empire, Allentown, PA, et al.) Building the capability to rapidly open DCs at scale No other factor drives home the need for a coherent DC automation strategy like this one. Let’s explore it with an example. We’ll call this “A Tale of Two Companies.” One jumped on the automation bandwagon without hesitation – not a bad thing – but applied no strategic groundwork. The other is, well, Amazon. Company one responded to increasing demand by creating DCs in their usual, strategically located fashion. However, with automation, the lack of a logical strategy led to adopting “the best that money could buy.” So, while these DCs work fine on their own (most of the time), each employs unique implementations from a variety of vendors, with little to no overlap of methods, capabilities, and management procedures between DCs. It’s functional, but a needlessly complicated hodgepodge. On the other hand, it definitely looks like Amazon has a standardized automation strategy. One that can easily adapt to exploit the individual physical specifications of any space. This makes it simple to arrive and equip it with a standard package of automation solutions. That’s probably how Amazon blanketed the US with over 400 new DCs in just the last two years. They waste no time or money on repeating unnecessary decisions along the way. Now, we all can’t have the resources of an Amazon. However, the rise of on-demand warehousing companies like Stord and Flexe allow organizations to dramatically decrease the cycle time of standing up additional fulfillment capability. Developing an automation strategy will feel familiar. It begins with benchmarking, order profiling, current performance drivers, EBIT targets, and theoretical evaluations of newer technology options. All this leads to the creation of a decision framework for DC automation. The goal here is achieving alignment among the leadership on critical capabilities to focus on. These include rapid fulfillment, labor shortage, capacity constraints, safety challenges, or sustainability. Those that commit to this process will start slowly but finish with a strategy that will underpin thousands of decisions and enable sustained rapid growth. If, in the end, you decide that automation is not right for your operation, that’s a perfectly valid strategy as well. So long as you have a method to evaluate all of your options, and you base your decision on cost-service-sustainability trade-offs, the right strategy for your organization may be no automation at all. There’s no point in chasing shiny robotic objects if automation makes little sense‌. The rise of automation and the multitude of technologies to choose from require the development of a strategic decision framework. Contact us and see how Chainalytics – an NTT DATA company – can be your guide in developing this critical part of your foundation for growth. Our top supply chain talent, enabled by proven, leading-edge digital assets – tools, methods, and content – deliver actionable insights and measurable outcomes to some of today’s largest and most complex supply chains.

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Digital innovation in logistics warehouses

Article | October 19, 2020

Business Chief takes a look at three leading logistics companies and how they are digitalising their warehouses. With technology evolving at an exponential rate, and the logistics industry needing flexible solutions for its complex operation, we take a closer look at some of the successful deployments of digitalisation within the warehouses of leading logistic companies around the world.

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FREIGHT

How to Test Major Changes in Your Supply Chain Process

Article | March 21, 2022

Did you know that the return of your supply chain process depends on how your software technology works as well as the efficiency of the people involved in the entire process? However, changes keep taking place, and you might feel clueless as to where your initiative is going. Supply chain testing is done in order to know and mark the various aspects where the supply chain is the weakest. Since data handling is a crucial aspect, managing it becomes even more necessary.

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Trends in Shipping by Vertical: Retail, Wholesale & OEM Shipping for 2020

Article | February 10, 2020

Global trends in shipping continue to evolve in the wake of uncertainty and risk. The recent outbreak of the Coronavirus threatens to undermine use of shipping options that would involve air freight between the U.S. and China, explains Wired. New hazmat regulations are taking effect in 2020. Retailers are trying to stay evergreen and compete with Amazon. The list of risks is endless, and the only way to really succeed will lie in understanding the trends in shipping by vertical and a few key sectors that require vigilance in the coming year.

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Spotlight

Teekay

Teekay is an operational leader and project developer in the marine energy space. Established in 1973, Teekay has developed from a regional shipping company into one of the world’s largest marine energy transportation, storage and production companies. We bring energy where it is needed — anywhere in the world — to power the global economy and to improve people’s lives.

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SOFTWARE AND TECHNOLOGY,FREIGHT

Convoy Expands Partnership with MercuryGate: Freight Brokers can now Access Convoy’s Digital Freight Network

Convoy | July 01, 2022

Convoy, the nation’s leading digital freight network, today announced an expanded partnership with MercuryGate® International, Inc., (MercuryGate), the largest independent Transportation Management System (TMS) provider, to help freight brokers automate the brokerage process, control costs, and access elastic capacity from more than 400,000 connected trucks through the recently launched Convoy for Brokers offering.Building upon a multi-year partnership between the two companies, the expanded agreement includes API integrations that give MercuryGate’s customers access to Convoy’s nationwide carrier network, along with numerous operational benefits. In the coming months, freight brokers will be able to seamlessly post loads to Convoy’s marketplace through MercuryGate to quickly view competitive bids and secure capacity. Once loads are posted, Convoy’s technology automates pricing, load matching, carrier safety and compliance checks, appointment scheduling, GPS tracking, document management and carrier payment - allowing brokerages to increase efficiency and improve service quality while remaining the broker of record on their shipments. As more brokers add shipment volume to Convoy’s marketplace, carriers also benefit from access to additional quality loads while continuing to realize the benefits they’ve become accustomed to from Convoy, including hassle-free detention, in-app feedback on their bids, Convoy QuickPay™. “MercuryGate is always looking for ways to provide our customers with more transportation capacity and real-time competitive rates. At the same time, we know that for them to grow sustainably, they need to digitize and automate manual processes across their business, We are excited to expand our partnership with Convoy and provide our freight brokerage customers more tools to gain a competitive edge.” -Jeffrey Varon, MercuryGate Chief Strategy Officer Launched in November 2021, Convoy for Brokers is part of the company’s commitment to building a future of freight based on collaboration and transparency. Industry-leading freight providers are using the new program to tap into Convoy’s elastic capacity and expand their carrier bases while doubling the productivity of their brokers through automation. “Convoy’s mission is to transport the world with endless capacity and zero waste. The only way to achieve that mission is by partnering with other technology platforms and freight providers to share the benefits of a digital freight network, With today’s announcement, we’re making it easier for MercuryGate’s broker community to source elastic capacity from our carrier network and make the brokering process more efficient.” -Brooks McMahon, Chief Business Development Officer at Convoy Convoy for Brokers is available to freight brokerages nationwide. Learn more at www.convoy.com/brokers. About MercuryGate MercuryGate provides powerful transportation management solutions proven to be a competitive advantage for today’s most successful shippers, 3PLs, brokers and carriers. The comprehensive Software-as-a-Service (SaaS) product suite (TMS, Final Mile and Claims) natively supports all transportation modes and segments, generating value for its users through improved cost, productivity, and efficiency by using artificial intelligence (AI), machine learning (ML), and connected technologies to adapt and automate transportation management functions. MercuryGate makes shipping intelligent, simple, sustainable and transformational for customers. Learn more at www.mercurygate.com. About Convoy Convoy is the nation’s leading digital freight network. We move thousands of truckloads around the country each day through our optimized, connected network of carriers, saving money for shippers, increasing earnings for drivers, and eliminating carbon waste for our planet. We use technology and data to solve problems of waste and inefficiency in the $800B trucking industry, which generates over 87 million metric tons of wasted CO2 emissions from empty trucks. Fortune 500 shippers like Anheuser-Busch, Procter & Gamble, Niagara, and Unilever trust Convoy to lower costs, increase logistics efficiency, and achieve environmental sustainability targets.

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FREIGHT

LATAM Cargo, the top South American carrier, goes live with eBookings on WebCargo

WebCargo | June 20, 2022

Over the past three years, air cargo has undergone a digital revolution, driving more reliable, accurate, and accessible supply chains. This is particularly important in South America, which exports approximately $1 trillion of goods annually.Digital Air Cargo is expanding to South America with LATAM Cargo, the largest South American carrier, offering real-time pricing and booking for forwarders on WebCargo, a leading global cargo booking platform. LATAM Cargo, which offers services to over 135 destinations in more than 20 countries, is the first South American carrier to go live on WebCargo. Real-time bookings with LATAM Cargo are already available for WebCargo customers on 27 lanes with the possibility of connecting in South America. With LATAM Cargo, carriers representing over 36% of global air cargo capacity are available for booking on WebCargo, unlocking additional customer value and improving efficiency. As Carlos Cheeseman, the owner of Airgroup Miami, a Radiant Logistics Company, said "Having LATAM on WebCargo and 7LFreight for real-time booking is an excellent addition to facilitate our moves to Latin and South America." The industry is shifting towards digital collaboration and as the leading carrier of South America we want to provide customers with reliable and efficient solutions and a broad set of options that allows them to choose what works best for them. As part of our digitalization roadmap we decided to partner up with WebCargo by Freightos to provide our customers access to our capacity. This collaboration is an important milestone in LATAM Cargo's digital roadmap, said Jorge Galvez, the SVP Marketing and Development LATAM Cargo at LATAM group. "Global trade moves faster than it ever has before With innovative partners like LATAM Cargo, forwarders can move at the same pace, improving efficiency across over 100,000 quarterly bookings." -Manuel Galindo, CEO of WebCargo by Freightos Forwarders not already using WebCargo can register for free at https://www.webcargo.co/book-air-cargo-on-latam/ About LATAM group LATAM Airlines Group S.A. and its affiliates are the main group of airlines in Latin America with presence in five domestic markets in the region: Brazil, Chile, Colombia, Ecuador and Peru, in addition to international operations inside Latin America and between it and Europe, Oceania, the United States, and the Caribbean. The group has a fleet of Boeing 767, 777, 787, Airbus A321, A320, A320neo and A319 aircraft. LATAM Cargo Chile, LATAM Cargo Colombia and LATAM Cargo Brazil are the cargo subsidiaries of LATAM Airlines. They have access to the belly of the Group's passenger aircraft and have a fleet of 14 freighters that will gradually expand until reaching between 19 and 22 freighters by 2023. They operate within LATAM Group's network as well as on cargo-only international routes, offering modern infrastructure and a wide range of services and care options to meet our customers' needs. www.latamcargo.com About WebCargo, a Freightos Group Company WebCargo® is the most advanced digitization platform for logistics service providers. WebCargo Air is the leading platform for live air cargo rate distribution and bookings between hundreds of airlines and 3,500+ forwarders. Partners using fully digital eBooking and rate distribution on WebCargo include over 30 airlines, including American Airlines, Turkish Airlines, Lufthansa, Etihad Cargo, Air France KLM, IAG Cargo, SAS, Qatar Airways, El Al, and Turkish Cargo. Freight forwarders can access dynamic capacity, pricing, and eBooking by signing up for free at webcargo.co. WebCargo AcceleRate® is the leading platform for enterprise freight forwarders to manage rates and automate sales, spanning ocean, air and land. Customers include Hellmann, Nippon Express, DSV Panalpina, and dozens more. WebCargo joined the Freightos Group in 2016. The Freightos Group also operates freightos.com, the world's largest digital freight platform for the trillion-dollar international shipping industry, and the Freightos Baltic Index, the only daily container index, in collaboration with the Baltic Exchange. Founded by serial entrepreneur Zvi Schreiber, Freightos is a logistics technology pioneer with a worldwide presence, and has raised over $120 million from leading venture funds, including GE Ventures, Aleph and the Singapore Exchange. In June 2022, Freightos announced that it signed a business combination agreement with Gesher I Acquisition Corp. with the intent of going public on theNASDAQ: GIAC

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FREIGHT

Waymo Via and Uber Freight Have Teamed up to Accelerate the Future of Logistics

Uber Freight | June 09, 2022

Uber Freight and Waymo Via announced a long-term strategic cooperation today to connect their technology and scale the deployment of autonomous vehicles on the Uber Freight network. This partnership brings together Waymo's technology for self-driving cars with Uber Freight's network and top marketplace technologies to create a plan for putting smart and safe self-driving trucks on U.S. highways. This deal is a significant step forward since it includes a deep product integration and a long-term collaboration plan that includes developing the tools and infrastructure required for Uber Freight's shipper and carrier customers to successfully deploy autonomous trucks. Carriers who purchase Waymo Driver-equipped trucks in the future will be able to join Uber Freight's marketplace via user-friendly apps that will let them effortlessly deploy their autonomous assets across the Uber Freight network. These apps will simplify onboarding, load booking and execution, trailer transfers, and payment, while also enabling a hybrid network ecology in which human drivers and autonomous trucks may work together seamlessly to convey freight. Both firms envision a future in which autonomous trucks handle long-haul driving, alleviating some of the stress of rising freight demand while also allowing drivers to change to shorter-haul occupations that improve their quality of life. The firms will also investigate how the transfer hub model may work with Uber Freight's universal trailer pool program, Powerloop, for smooth and quick transfers between AV trucks and human drivers, streamlining operations between the first, middle, and final mile. Waymo Via aims to reserve billions of miles of its goods-only capacity for the Uber Freight network as part of the long-term arrangement. Because of the size and scope of this partnership, Uber Freight and Transplace will be able to seamlessly integrate autonomy into shipper networks and advise shippers on how to best adjust their supply-chain strategies for a hybrid network future, in which autonomously driven trucks and human-driven trucks work together to move freight more efficiently and safely. Uber Freight is also in a unique position to combine shipments from its $17 billion in freight under management to maximize the use of autonomous and human-driven trucks, as well as to continuously optimize routes once the technology is deployed, saving shippers money, and improving service and reliability. “Uber Freight’s extensive, efficient, and reliable digital network is essential to making autonomous trucks a reality. We are uniquely positioned to be the preferred network for autonomous trucks, with the scale and the marketplace expertise to deploy autonomous trucks in a way that benefits the entire industry. This partnership is an exciting leap forward and we are proud to work alongside the amazing team at Waymo Via to pioneer a hybrid freight network that truly empowers carriers and will ring in a new era of logistics.” -Lior Ron, Head of Uber Freight

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SOFTWARE AND TECHNOLOGY,FREIGHT

Convoy Expands Partnership with MercuryGate: Freight Brokers can now Access Convoy’s Digital Freight Network

Convoy | July 01, 2022

Convoy, the nation’s leading digital freight network, today announced an expanded partnership with MercuryGate® International, Inc., (MercuryGate), the largest independent Transportation Management System (TMS) provider, to help freight brokers automate the brokerage process, control costs, and access elastic capacity from more than 400,000 connected trucks through the recently launched Convoy for Brokers offering.Building upon a multi-year partnership between the two companies, the expanded agreement includes API integrations that give MercuryGate’s customers access to Convoy’s nationwide carrier network, along with numerous operational benefits. In the coming months, freight brokers will be able to seamlessly post loads to Convoy’s marketplace through MercuryGate to quickly view competitive bids and secure capacity. Once loads are posted, Convoy’s technology automates pricing, load matching, carrier safety and compliance checks, appointment scheduling, GPS tracking, document management and carrier payment - allowing brokerages to increase efficiency and improve service quality while remaining the broker of record on their shipments. As more brokers add shipment volume to Convoy’s marketplace, carriers also benefit from access to additional quality loads while continuing to realize the benefits they’ve become accustomed to from Convoy, including hassle-free detention, in-app feedback on their bids, Convoy QuickPay™. “MercuryGate is always looking for ways to provide our customers with more transportation capacity and real-time competitive rates. At the same time, we know that for them to grow sustainably, they need to digitize and automate manual processes across their business, We are excited to expand our partnership with Convoy and provide our freight brokerage customers more tools to gain a competitive edge.” -Jeffrey Varon, MercuryGate Chief Strategy Officer Launched in November 2021, Convoy for Brokers is part of the company’s commitment to building a future of freight based on collaboration and transparency. Industry-leading freight providers are using the new program to tap into Convoy’s elastic capacity and expand their carrier bases while doubling the productivity of their brokers through automation. “Convoy’s mission is to transport the world with endless capacity and zero waste. The only way to achieve that mission is by partnering with other technology platforms and freight providers to share the benefits of a digital freight network, With today’s announcement, we’re making it easier for MercuryGate’s broker community to source elastic capacity from our carrier network and make the brokering process more efficient.” -Brooks McMahon, Chief Business Development Officer at Convoy Convoy for Brokers is available to freight brokerages nationwide. Learn more at www.convoy.com/brokers. About MercuryGate MercuryGate provides powerful transportation management solutions proven to be a competitive advantage for today’s most successful shippers, 3PLs, brokers and carriers. The comprehensive Software-as-a-Service (SaaS) product suite (TMS, Final Mile and Claims) natively supports all transportation modes and segments, generating value for its users through improved cost, productivity, and efficiency by using artificial intelligence (AI), machine learning (ML), and connected technologies to adapt and automate transportation management functions. MercuryGate makes shipping intelligent, simple, sustainable and transformational for customers. Learn more at www.mercurygate.com. About Convoy Convoy is the nation’s leading digital freight network. We move thousands of truckloads around the country each day through our optimized, connected network of carriers, saving money for shippers, increasing earnings for drivers, and eliminating carbon waste for our planet. We use technology and data to solve problems of waste and inefficiency in the $800B trucking industry, which generates over 87 million metric tons of wasted CO2 emissions from empty trucks. Fortune 500 shippers like Anheuser-Busch, Procter & Gamble, Niagara, and Unilever trust Convoy to lower costs, increase logistics efficiency, and achieve environmental sustainability targets.

Read More

FREIGHT

LATAM Cargo, the top South American carrier, goes live with eBookings on WebCargo

WebCargo | June 20, 2022

Over the past three years, air cargo has undergone a digital revolution, driving more reliable, accurate, and accessible supply chains. This is particularly important in South America, which exports approximately $1 trillion of goods annually.Digital Air Cargo is expanding to South America with LATAM Cargo, the largest South American carrier, offering real-time pricing and booking for forwarders on WebCargo, a leading global cargo booking platform. LATAM Cargo, which offers services to over 135 destinations in more than 20 countries, is the first South American carrier to go live on WebCargo. Real-time bookings with LATAM Cargo are already available for WebCargo customers on 27 lanes with the possibility of connecting in South America. With LATAM Cargo, carriers representing over 36% of global air cargo capacity are available for booking on WebCargo, unlocking additional customer value and improving efficiency. As Carlos Cheeseman, the owner of Airgroup Miami, a Radiant Logistics Company, said "Having LATAM on WebCargo and 7LFreight for real-time booking is an excellent addition to facilitate our moves to Latin and South America." The industry is shifting towards digital collaboration and as the leading carrier of South America we want to provide customers with reliable and efficient solutions and a broad set of options that allows them to choose what works best for them. As part of our digitalization roadmap we decided to partner up with WebCargo by Freightos to provide our customers access to our capacity. This collaboration is an important milestone in LATAM Cargo's digital roadmap, said Jorge Galvez, the SVP Marketing and Development LATAM Cargo at LATAM group. "Global trade moves faster than it ever has before With innovative partners like LATAM Cargo, forwarders can move at the same pace, improving efficiency across over 100,000 quarterly bookings." -Manuel Galindo, CEO of WebCargo by Freightos Forwarders not already using WebCargo can register for free at https://www.webcargo.co/book-air-cargo-on-latam/ About LATAM group LATAM Airlines Group S.A. and its affiliates are the main group of airlines in Latin America with presence in five domestic markets in the region: Brazil, Chile, Colombia, Ecuador and Peru, in addition to international operations inside Latin America and between it and Europe, Oceania, the United States, and the Caribbean. The group has a fleet of Boeing 767, 777, 787, Airbus A321, A320, A320neo and A319 aircraft. LATAM Cargo Chile, LATAM Cargo Colombia and LATAM Cargo Brazil are the cargo subsidiaries of LATAM Airlines. They have access to the belly of the Group's passenger aircraft and have a fleet of 14 freighters that will gradually expand until reaching between 19 and 22 freighters by 2023. They operate within LATAM Group's network as well as on cargo-only international routes, offering modern infrastructure and a wide range of services and care options to meet our customers' needs. www.latamcargo.com About WebCargo, a Freightos Group Company WebCargo® is the most advanced digitization platform for logistics service providers. WebCargo Air is the leading platform for live air cargo rate distribution and bookings between hundreds of airlines and 3,500+ forwarders. Partners using fully digital eBooking and rate distribution on WebCargo include over 30 airlines, including American Airlines, Turkish Airlines, Lufthansa, Etihad Cargo, Air France KLM, IAG Cargo, SAS, Qatar Airways, El Al, and Turkish Cargo. Freight forwarders can access dynamic capacity, pricing, and eBooking by signing up for free at webcargo.co. WebCargo AcceleRate® is the leading platform for enterprise freight forwarders to manage rates and automate sales, spanning ocean, air and land. Customers include Hellmann, Nippon Express, DSV Panalpina, and dozens more. WebCargo joined the Freightos Group in 2016. The Freightos Group also operates freightos.com, the world's largest digital freight platform for the trillion-dollar international shipping industry, and the Freightos Baltic Index, the only daily container index, in collaboration with the Baltic Exchange. Founded by serial entrepreneur Zvi Schreiber, Freightos is a logistics technology pioneer with a worldwide presence, and has raised over $120 million from leading venture funds, including GE Ventures, Aleph and the Singapore Exchange. In June 2022, Freightos announced that it signed a business combination agreement with Gesher I Acquisition Corp. with the intent of going public on theNASDAQ: GIAC

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FREIGHT

Waymo Via and Uber Freight Have Teamed up to Accelerate the Future of Logistics

Uber Freight | June 09, 2022

Uber Freight and Waymo Via announced a long-term strategic cooperation today to connect their technology and scale the deployment of autonomous vehicles on the Uber Freight network. This partnership brings together Waymo's technology for self-driving cars with Uber Freight's network and top marketplace technologies to create a plan for putting smart and safe self-driving trucks on U.S. highways. This deal is a significant step forward since it includes a deep product integration and a long-term collaboration plan that includes developing the tools and infrastructure required for Uber Freight's shipper and carrier customers to successfully deploy autonomous trucks. Carriers who purchase Waymo Driver-equipped trucks in the future will be able to join Uber Freight's marketplace via user-friendly apps that will let them effortlessly deploy their autonomous assets across the Uber Freight network. These apps will simplify onboarding, load booking and execution, trailer transfers, and payment, while also enabling a hybrid network ecology in which human drivers and autonomous trucks may work together seamlessly to convey freight. Both firms envision a future in which autonomous trucks handle long-haul driving, alleviating some of the stress of rising freight demand while also allowing drivers to change to shorter-haul occupations that improve their quality of life. The firms will also investigate how the transfer hub model may work with Uber Freight's universal trailer pool program, Powerloop, for smooth and quick transfers between AV trucks and human drivers, streamlining operations between the first, middle, and final mile. Waymo Via aims to reserve billions of miles of its goods-only capacity for the Uber Freight network as part of the long-term arrangement. Because of the size and scope of this partnership, Uber Freight and Transplace will be able to seamlessly integrate autonomy into shipper networks and advise shippers on how to best adjust their supply-chain strategies for a hybrid network future, in which autonomously driven trucks and human-driven trucks work together to move freight more efficiently and safely. Uber Freight is also in a unique position to combine shipments from its $17 billion in freight under management to maximize the use of autonomous and human-driven trucks, as well as to continuously optimize routes once the technology is deployed, saving shippers money, and improving service and reliability. “Uber Freight’s extensive, efficient, and reliable digital network is essential to making autonomous trucks a reality. We are uniquely positioned to be the preferred network for autonomous trucks, with the scale and the marketplace expertise to deploy autonomous trucks in a way that benefits the entire industry. This partnership is an exciting leap forward and we are proud to work alongside the amazing team at Waymo Via to pioneer a hybrid freight network that truly empowers carriers and will ring in a new era of logistics.” -Lior Ron, Head of Uber Freight

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