Port of Baku

Blue Yonder, Panasonic | April 26, 2021

Panasonic Corporation announced today the acquisition of Blue Yonder, the leading end-to-end digital fulfillment platform provider. Panasonic will buy the remaining 80% of Blue Yonder's shares (for USD5.6 billion), contributing to the 20% it purchased in July 2020. The added investment, including debt repayment, amounts to USD7.1 billion, valuing Blue Yonder at USD8.5 billion. Panasonic and the existing shareholders New Mountain Capital and funds managed by Blackstone signed an agreement tod...

TRANSPORTATION

Shipwell | May 18, 2022

Shipwell, an industry leader in cloud-based shipping and logistics, announced the release of a load optimization feature built directly into the company’s transportation management system (TMS). This feature helps customers significantly reduce the time it takes to plan and route shipments, the costs associated with moving them and the carbon emissions produced by the carriers hauling them.Combining orders into shipments is often a manual process done by an individual or team within the lo...

PYMNTS.com | February 12, 2020

Organizations embracing digitization have an important decision to make before they ever invest in a technology: Should they purchase out-of-the-box solutions or build their own? Historically, this has only been a conundrum for the largest of enterprises, which could not only afford to invest in sophisticated, automated back-office solutions, but had the resources to develop proprietary platforms custom-built for their specific needs. In the evolution of enterprise digitization, however, FinTech...

Alibaba | June 02, 2020

Alibaba is integrating freight procurement into its business-to-business e-commerce platform, the company announced Tuesday. Alibaba Freight had been in a pilot phase for a couple of months and will now be available to buyers on certain trade routes.Alibaba Freight will be powered by the Freightos online freight marketplace and allow shippers to "compare, book, manage and track ocean and air freight in real-time online," the company said in a press release.Shippers using Al...