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...But after one year, Clark is out and Flexport’s founder Ryan Petersen is back in the top job. Clark was focused on taking a larger share of the $140bn freight market....
...Flight delays cost fuel and time, while also holding up freight, which will require more capacity as logistics demand takes off....
...The scheme, called Generation Logistics, which is being led by trade bodies Logistics UK and the Chartered Institute of Logistics and Transport, has secured £345,000 of government funding....
...had triggered a local logistics industry boom....
...Freight rates and waiting times at ports are dropping rapidly. The US logistics managers’ index shows spare transportation capacity shooting up and prices falling....
...But the company could face an uphill battle against existing online freight and logistics platforms....
...The company provides global supply chain management software, connecting shipping and freight operators with brokers and other relevant bodies....
...What holiday demand will look like is in flux, said Vaughn Moore, chief executive of freight forwarding company AIT Worldwide Logistics, noting that two of his large retail clients have downgraded their...
...Officials in both China and Europe previously promoted the freight services as a geopolitical advance....
...He points to best-practice initiatives such as Christie’s recent tie-up with the logistics firm Crozier to run a regular shipping service for arts organisations from London to New York and Hong Kong....
...Undeterred, Uber purchased logistics company Transplace for $2.25bn this year, meaning that it is both expanding and hoping to break even....
...“And along with Transplace, Uber Freight, now at a billion-dollar quarterly run rate, is well-positioned to bring digital native change to the enormous logistics ecosystem.”...
...The letter, seen by the Financial Times and first reported by Reuters, was signed by the largest US carriers as well as the air freight arms of two of the biggest logistics groups, UPS and FedEx....
...Here are a couple of container shipping indices courtesy of freight rate specialist Xeneta and data firm Compass: Speaking of logistics, shares in grocery delivery specialist Ocado fell 10 per cent this...
...The Biden administration has been pushing rail freight companies, trucking groups and ports to increase their own capacity to meet rising demand....
...The looming jump in the numbers of doses being shipped and administered is likely to put pressure on freight carriers, health departments and hospitals....
...And it seemed like freight forwarding was just the poster child for this....
...Amazon said its goal would apply to any cargo it handled, including that of third-party sellers which turn to the US company to handle logistics....
...The potential for a squeeze in corporate profitability is starting to loom larger for the investors and analysts who track USA Inc. It’s not hard to see why....
...“We are thrilled to be moving into the next chapter with Greenbriar by our side as a partner with deep expertise and a shared passion for simplifying logistics,” Lior Ron, head of Uber Freight, said in a...
...Manufacturers from carmakers to furniture groups use “freight forwarding” companies such as DHL to handle complex global logistics, from booking ships to arranging onward transport afterwards....
...The streets and cycleways of the world’s cities will soon be filling up with robots, electric cycles and vans as logistics companies try to solve their toughest challenge — the “last mile”....
...The company also said its more than 240,000 drivers who hold a commercial license would be paired with logistics companies, such as those who offer long-haul freight, for other employment opportunities....
...The company said Freight was one of the “fastest-growing logistics companies in US history” and was among its fastest-growing divisions....
...Logistics groups UPS, DFDS and Biocair, have won health department tenders worth a total of £25m to provide an express freight service, with a remit to deliver drugs and medical products — including radio-isotopes...
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