GIG Logistics

LOGISTICS

MIDCOM | January 18, 2022

The demand for eCommerce is continuing to rise in 2022 fueled by the Covid-19 pandemic. As more people turn to online shopping, logistics companies in the United States are put under increased pressure to match this need. However, labor shortages are making it difficult for the logistics industry to keep up. Currently, the warehousing and logistics industry has a record number of job openings but not nearly enough workers to fill them. This discrepancy is predicted to get even wor...

FREIGHT

Nexxiot | September 27, 2021

Nexxiot, the emerging TradeTech juggernaut transforming the cargo freight industry around the world through data and logistics digitization advancements, has announced it will acquire a majority interest in the Swedish technology firm MOST, a provider of real-time cargo monitoring services. The Swedish family office Resona, one of Scandinavia’s foremost technology investors, will become minority shareholder in the transaction. Through its acquisition of MOST, Nexxiot will si...

Penske Logistics | October 01, 2020

Penske Logistics has released a new freight management buyer's guide to aid companies in improving their freight management capabilities. The complimentary publication will advise businesses towards making an important decision: Continue insourcing the management of their freight transportation, or whether to partially or fully outsource the function? Managing freight effectively can be a complex proposition. Armed with data, and with the proper use of technology, companies can better contro...

FREIGHT

Cowen Inc. | October 12, 2021

Cowen Inc. (NASDAQ:COWN) (“Cowen” or the “Company”), and AFS Logistics, LLC (“AFS”), today announced the launch of the Cowen/AFS Freight Index (“Freight Index”). The Freight Index will serve to provide Cowen’s institutional clients with predictive pricing tools for multiple sectors within the freight industry, on a quarterly basis. The Freight Index will provide a performance snapshot of less-than-truckload shipping (LTL), full truckload ship...