OlymTech was founded in 2002 by a team of IT and logistics veterans from the Silicon Valley and China. With a mission to transform the industry by cloud, OlymTech is now the leader in delivering cloud-based IT solutions and a vertical business network platform for a large community of international freight forwarders and logistics services providers. Currently, it has over 1,500 top-tier forwarders and 150,000 active users in its network.

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CORONAVIRUS TO CAUSE INCREASED CARRIER PRICES WITH SHIPPER DISCUSSION: J.B.HUNT

JB Hunt | July 20, 2020

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As the year progresses, the increased cost pressure on carriers from pandemic-related expenses will begin to show up in pricing discussions with shippers, J.B. Hunt President of Intermodal Darren Field said on a Thursday call with analysts. The carrier's intermodal revenue was down 7% year over year (YoY) in the second quarter, with operating income down 14% YoY. Volume for the segment was down 2% YoY."It’s hard to see three months, four months from now, much less next year ...

Read More

KANSAS GOVERNOR INTRODUCES NEW FORWARD TRANSPORTATION PLAN

Roads & Bridges | February 13, 2020

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Gov. Laura Kelly and Kansas DOT (KDOT) Secretary Julie Lorenz this week announced a new transportation program—dubbed FORWARD—as part of the Transportation Day activities at the Kansas State Capitol. “Key features of FORWARD include a flexible, responsive rolling program where major projects are selected every two years rather than once a decade,” Gov. Kelly said in a statement. “FORWARD also calls for completion of delayed T-WORKS projects; transit, aviation, rail,...

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IATA DATA SHOWS STEADY RECOVERY OF AIRFREIGHT, FEDEX EXPECTS TO NORMALIZE UNTIL 2021

Supply Chain Dive | July 07, 2020

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Airfreight volume fell more than 20% year over year (YoY) in May, according to the latest numbers from the International Air Transport Association (IATA). Freight capacity fell nearly 35% YoY in May and international belly capacity fell by about 66% YoY as a result of passenger flight cancellations due to the pandemic, according to IATA.​"The gap between demand and capacity shows the challenge in finding the space on the aircraft still flying to get goods to market," IATA CEO Ale...

Read More

SUSTAINABILITY, TRANSPORTATION

AMAZON ADOPTS GREEN HYDROGEN TO HELP DECARBONIZE ITS OPERATIONS

Amazon | August 29, 2022

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Amazonannounced that the company has signed an agreement with Plug Power to supply 10,950 tons per year of green hydrogen for its transportation and building operations starting in 2025. The company will start to use green hydrogen to replace grey hydrogen, diesel, and other fossil fuels as it works to decarbonize its operations, and this green hydrogen supply contract will provide enough annual power for 30,000 forklifts or 800 heavy-duty trucks used in long-haul transportation. Read More

news image

CORONAVIRUS TO CAUSE INCREASED CARRIER PRICES WITH SHIPPER DISCUSSION: J.B.HUNT

JB Hunt | July 20, 2020

As the year progresses, the increased cost pressure on carriers from pandemic-related expenses will begin to show up in pricing discussions with shippers, J.B. Hunt President of Intermodal Darren Field said on a Thursday call with analysts. The carrier's intermodal revenue was down 7% year over year (YoY) in the second quarter, with operating income down 14% YoY. Volume for the segment was down 2% YoY."It’s hard to see three months, four months from now, much less next year ...

Read More
news image

KANSAS GOVERNOR INTRODUCES NEW FORWARD TRANSPORTATION PLAN

Roads & Bridges | February 13, 2020

Gov. Laura Kelly and Kansas DOT (KDOT) Secretary Julie Lorenz this week announced a new transportation program—dubbed FORWARD—as part of the Transportation Day activities at the Kansas State Capitol. “Key features of FORWARD include a flexible, responsive rolling program where major projects are selected every two years rather than once a decade,” Gov. Kelly said in a statement. “FORWARD also calls for completion of delayed T-WORKS projects; transit, aviation, rail,...

Read More
news image

IATA DATA SHOWS STEADY RECOVERY OF AIRFREIGHT, FEDEX EXPECTS TO NORMALIZE UNTIL 2021

Supply Chain Dive | July 07, 2020

Airfreight volume fell more than 20% year over year (YoY) in May, according to the latest numbers from the International Air Transport Association (IATA). Freight capacity fell nearly 35% YoY in May and international belly capacity fell by about 66% YoY as a result of passenger flight cancellations due to the pandemic, according to IATA.​"The gap between demand and capacity shows the challenge in finding the space on the aircraft still flying to get goods to market," IATA CEO Ale...

Read More
news image

SUSTAINABILITY, TRANSPORTATION

AMAZON ADOPTS GREEN HYDROGEN TO HELP DECARBONIZE ITS OPERATIONS

Amazon | August 29, 2022

Amazonannounced that the company has signed an agreement with Plug Power to supply 10,950 tons per year of green hydrogen for its transportation and building operations starting in 2025. The company will start to use green hydrogen to replace grey hydrogen, diesel, and other fossil fuels as it works to decarbonize its operations, and this green hydrogen supply contract will provide enough annual power for 30,000 forklifts or 800 heavy-duty trucks used in long-haul transportation. Read More