U.S. airfares cheapest they've been since 2010

July 26, 2016

U.S. airfares were the cheapest they've been since 2010 in the first quarter of 2016, the federal government said Tuesday.The average price of a domestic ticket dropped to $361 in the first quarter, down 7.8 percent from the same period in 2015, according to the U.S. Department of Transportation's Bureau of Transportation Statistics.

Spotlight

Two years of hard work paid off for the Delft Hyperloop team when they were awarded the top overall design prize at the SpaceX Hyperloop competition in California.DHL delivered the team's pod to the competition from the Netherlands, and is proud to be a part of such an exciting and groundbraking innovation!

Spotlight

Two years of hard work paid off for the Delft Hyperloop team when they were awarded the top overall design prize at the SpaceX Hyperloop competition in California.DHL delivered the team's pod to the competition from the Netherlands, and is proud to be a part of such an exciting and groundbraking innovation!

Related News

LOGISTICS,TRANSPORTATION

Falvey Insurance Group Introduces Transportation & Logistics Liability Package

Falvey Insurance Group | July 22, 2022

Falvey Insurance Group is proud to introduce a comprehensive liability coverage package policy for logistic service providers and transport operators. This product provides end-to-end solutions for the evolving risks of the supply chain industry. This package offering is ideal for common carriers, freight forwarders, transport intermediaries, and third-party logistics service providers. This comprehensive package includes: Cargo Legal Liability Errors and Omission Liability General Liability Contingent Auto Liability Contingent Cargo Liability Additional Cost Cover "Falvey's product and accompanying coverage offering is designed to be innovative and flexible to meet our target customer's needs. Falvey Insurance Group will then complement the product offering with best-in-class underwriting service, claims handling and loss control services from seasoned supply chain and logistics experts all housed within our organization. In addition, and where applicable, Falvey will be able to offer companion All-Risk Shippers' Interest cover," -Mike McKenna, Chief Underwriting Officer at Falvey Insurance Group Falvey's capacity for the Transportation & Logistics Liability program is backed by Accelerant, a leading insurtech empowering specialty underwriters. About Falvey Insurance Group Falvey Insurance Group began as a single division, Falvey Cargo Underwriting, opening its first office in 1995 in Wakefield, RI by the company's founder: Mike Falvey. After 25 years, the company has evolved into Falvey Insurance Group, comprising four divisions: Falvey Cargo Underwriting, Falvey Shippers Insurance, Safe Harbor Pollution Insurance, and Falvey Insurance Services. "The Specialized Insurance Experts" are known for flexibility, World-Class customer service, claims processing excellence, and comprehensive knowledge and expertise that is unparalleled in the insurance industry. Falvey was also named Insurance Insider's MGA of the Year in 2020.

Read More

LOGISTICS,TRANSPORTATION

Wabash Partners with Northeast Dealers to Expand its North American Footprint

Wabash | August 30, 2022

Wabash (NYSE: WNC), the visionary leader of connected solutions for the transportation, logistics and distribution industries, today announced it has added two dealers to its industry-leading North American dealer network. Two of the largest dealers in the Northeast, Bergey’s Truck Centers and Allegiance Trucks, will be full line dealers of Wabash parts, services and equipment, including dry and refrigerated van trailers, dry and refrigerated truck bodies and platform trailers. By further developing our dealer relationships, Wabash can build off of our brands to grow our footprint and further connect our products and services to improve the operations of our customers, said Kevin Page, Wabash’s senior vice president, customer value creation. “Wabash has been expanding its dealer network for over a decade. Both Bergey’s Truck Centers and Allegiance Trucks have extensive expertise and a long history of providing effective transportation solutions to their customer base, We are pleased to welcome them to the Wabash community as we continue to expand our dealer network to provide the level of quality support that today’s customers demand.” -Todd Chrzan, senior director of strategic dealer accounts at Wabash Based in Stamford, Conn., Allegiance Trucks is one of the fastest growing commercial truck dealers in the country with over 41 locations in nine states. Allegiance Trucks offers new and used medium- to heavy-duty trucks, parts, and services, providing a one-stop solution to address customer needs, reduce downtime and keep trucks on the road. Allegiance Trucks will be representing Wabash in Maine, Vermont, New Hampshire, Massachusetts, Connecticut, Rhode Island as well as parts of New York and New Jersey. “As one of the largest full-service truck dealerships on the East Coast, the expansion of our relationship with Wabash, with its portfolio of trailers and truck bodies, better positions Allegiance Trucks to service our customers,” said Chad Schrempp, chief operating officer at Allegiance Trucks. “We value the opportunity to create a long-term relationship with Wabash, because they understand that providing customers the best equipment, parts and services are foundational to our combined success.” Bergey's is a family-owned company operating 15 truck centers and eight truck parts locations across Pennsylvania, Maryland, Delaware and New Jersey, as well as a heavy-duty parts warehouse in Telford, Pennsylvania. In addition, Bergey’s also operates 10 automotive dealership locations, extending their commercial offerings to include automotive and light duty pick-up trucks and vans. “Bergey’s is excited to embrace this opportunity to build on Wabash’s history of success and innovation,By learning from each other and leveraging our combined resources, we can offer a wide range of effective commercial solutions to our customers.” -CEO Mark Bergey. Building off one of its strategic growth areas, Wabash continues to extend its reach and invest in a greater portfolio of offerings, including more seamless digital systems and its newly created Wabash Parts distribution. Launched in May 2022, the Wabash Parts distribution network leverages the company’s position at the intersection of suppliers, dealers, and customers to have the most comprehensive and innovative set of solutions to meet the needs of its customers and partners from first to final mile. We are going to continue to make moves to bring customer centricity and alignment to the forefront of our commercial and manufacturing operations, Page said. Our organization is committed to seeking out partners and opportunities that better align with the dynamic nature of how we will meet demand from first to final mile over the coming years. Wabash: Changing How the World Reaches You® Wabash (NYSE: WNC) is the visionary leader of connected solutions for the transportation, logistics and distribution industries that is Changing How the World Reaches You®. Headquartered in Lafayette, Indiana, the company enables customers to thrive by providing insight into tomorrow and delivering pragmatic solutions today to move everything from first to final mile. Wabash designs, manufactures, and services a diverse range of products, including: dry freight and refrigerated trailers, flatbed trailers, tank trailers, dry and refrigerated truck bodies, structural composite panels and products, trailer aerodynamic solutions, and specialty food grade processing equipment. Learn more at www.onewabash.com.

Read More

PROCUREMENT AND SOURCING,SUPPLY CHAIN

SymphonyAI Retail CPG Partners With PredictHQ To Improve Supply Chain Demand Forecasting AI Accuracy

SymphonyAI | September 22, 2022

SymphonyAI Retail CPG, a leading provider of end-to-end, integrated AI-powered merchandising, marketing, and supply chain solutions for retailers and CPG manufacturers, has announced a partnership and integration with PredictHQ, the demand intelligence company. Customers of SymphonyAI Retail CPG Supply Chain Demand Forecasting AI will benefit from more timely, accurate forecasting results through PredictHQ’s demand intelligence data.SymphonyAI Retail CPG provides AI-driven forecasting results, which show a vast accuracy and performance improvement over traditional statistical models. However, AI-driven solutions are only as good as the contextual data provided to them, and PredictHQ enhances the quality and quantity of that contextual data. By accessing PredictHQ event data along with other existing data used by SymphonyAI Retail CPG Demand Forecasting AI, retailers gain access to even greater accuracy and reliability in their forecasts. The partnership will result in PredictHQ’s verified and enriched event data being integrated into SymphonyAI Retail CPG’s forecasting systems. This will enable SymphonyAI Retail CPG’s customers in 17 countries to better preempt and prepare for the demand impact of events such as public holidays, school holidays, and observances. “Faced with unrelenting supply chain chaos, retailers and CPGs who use data-driven, AI-based solutions gain deep competitive advantage and measurable business results, Our industry-leading AI modeling provides superior forecasting for retail demand planning, so customers can optimize product availability and decrease out-of-stocks, waste, and spoilage, and gain deeper insights into sales patterns and anomalies. The partnership with PredictHQ will broaden access to rich, critical data within and outside customer organizations.” -Raj Marimuthu, chief customer success officer and GM of supply chain management at SymphonyAI Retail CPG. “As the pace of change in shopper demand patterns, market conditions, and supply chain constraints accelerates, demand forecasting AI that uses state-of-the-art models reduces guesswork and gives users a more strategic view,” said PredictHQ CEO Campbell Brown. “We are delighted to team with an AI innovator like SymphonyAI Retail CPG to enhance contextual data with seamless access to global and localized events, seasonality, weather, and more.” About PredictHQ PredictHQ, the demand intelligence company, empowers global organizations to anticipate changes in demand for their products and services. PredictHQ's demand intelligence API aggregates events from hundreds of sources and verifies, enriches, and ranks them by predicted impact so companies can proactively discover catalysts that will impact demand. With PredictHQ, businesses gain a leg up on the competition and remain confident in their ability to meet customers' ever-changing needs. About SymphonyAI SymphonyAI is building the leading enterprise AI company for digital transformation across the most important and resilient growth verticals, including retail, consumer packaged goods, finance, manufacturing, media, and IT service management. SymphonyAI verticals have many leading enterprises as clients. Since its founding in 2017, SymphonyAI has grown rapidly to 2,000 talented leaders, data scientists, and other professionals. SymphonyAI is an SAIGroup company, backed by a $1 billion commitment from Dr. Romesh Wadhwani, a successful entrepreneur and philanthropist. About SymphonyAI Retail CPG SymphonyAI Retail CPG, a SymphonyAI vertical, is a leading provider of end-to-end, integrated AI-powered merchandising, marketing, and supply chain solutions for retailers and CPG manufacturers worldwide. Harnessing the power of AI, SymphonyAI Retail CPG solutions enhance agility, performance, and revenue growth across the retail value chain from source to consumer. Trusted by more than 1,200 leading retailers and manufacturers, SymphonyAI Retail CPG serves 15 of the top 25 global grocery retailers, the top 25 global CPG manufacturers, thousands of retail brands, and hundreds of national and regional chains. SymphonyAI Retail CPG is transforming retail and building a culture of contributing to positive change: SymphonyAI Retail CPG achieved 2022 Great Place to Work certification in all nine countries for which it was eligible.

Read More