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As another potential strike looms at East and Gulf coast ports, nervous retailers are calling on dockworkers union the International Longshoremen's Association (ILA) to reach an agreement with port management group the United States Maritime Alliance (USMX) before their current labor contract expires on January 15.The latest call for a...
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Published on 2024-12-13
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DC Velocity
The trucking industry group Owner-Operator Independent Drivers Association (OOIDA) is encouraging truckers across the country to write letters to federal regulators supporting a proposed rule that would require freight brokers to practice better transparency in freight transactions.Stakeholders have just five more weeks to submit their opinions to the Federal Motor...
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Published on 2024-12-13
Source:
DC Velocity
2024 has been quite a year. In addition to the usual challenges, supply chain leaders have had to contend with two major wars, several devastating hurricanes and storms, dock strikes, a rail strike, a freight recession, an uneven economy, and an election cycle unlike any other. That’s a lot packed...
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Published on 2024-12-13
Source:
DC Velocity
Amazon package deliveries are about to get a little bit faster—thanks to specially outfitted delivery vans and the magic of AI.Last month, the mega-retailer introduced its Vision-Assisted Package Retrieval (VAPR) solution, an AI (artificial intelligence)-powered system designed to cut the time it takes drivers to retrieve packages from the back...
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Published on 2024-12-13
Source:
DC Velocity
We are now into the home stretch of the holiday shopping season—the biggest retail bonanza of the year. By now, many shoppers have already made their purchases and are putting the final touches on their gifts. Some of us procrastinators have not even started. Isn’t that why online shopping was...
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Published on 2024-12-13
Source:
DC Velocity
Funds are continuing to flow to companies building self-driving cars, as the Swiss startup Embotech today said it had raised $27 million to expand autonomous driving solutions for logistics in Europe and beyond, including U.S. operations by the end of 2025.The Zurich firm said it would use the new funding...
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Published on 2024-12-12
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DC Velocity
The private equity-backed warehousing and transportation provider Partners Warehouse has acquired PSS Distribution Services, a third-party logistics (3PL) provider specializing in warehousing, distribution, and value-added services on the East Coast, the company said today.The move expands Partners Warehouse’s reach from its current territories, which stretch from its Elwood, Illinois, headquarters...
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Published on 2024-12-12
Source:
DC Velocity
The supply chain software vendor Cofactr today said it has raised $17 million from Bain Capital Ventures to scale up its product, a supply chain and logistics management platform that streamlines production, processes, and policies for critical hardware manufacturers.The “series A” round was led by Bain and included additional participation...
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Published on 2024-12-12
Source:
DC Velocity
Makers of robotic truck-unloading solutions are refining their offerings now that the technology is being used in many warehouses—and that means solutions are getting “smarter” and more adept at handling challenges that arise in real time. Increased handling capabilities, better dexterity, and even more autonomy are at the heart of...
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Published on 2024-12-12
Source:
DC Velocity
Hackers are beginning to extend their computer attacks to ever-larger organizations in their hunt for greater criminal profits, which could drive an anticipated increase in credit risk and push insurers to charge more for their policies, according to the “2025 Cyber Outlook” from Moody’s Ratings.In Moody’s forecast, cyber risk will...
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Published on 2024-12-11
Source:
DC Velocity
Supply chain managers say one of their top headaches heading into 2025 is a data accuracy gap that leaves many struggling to find the level of insights and visibility required to respond quickly to market changes, according to a report from RAIN RFID and Internet of Things provider Impinj.Even worse,...
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Published on 2024-12-11
Source:
DC Velocity
Volvo Autonomous Solutions (V.A.S.) has begun autonomous operations of its self-driving trucks in the United States through a deal with DHL Supply Chain in Texas, the firms said today.The operations will be enabled by the purpose-built, production-ready Volvo VNL Autonomous truck model, which is powered by the Aurora Driver technology...
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Published on 2024-12-11
Source:
DC Velocity
As the old adage goes, everything old is new again. For evidence of that, you need look no farther than cargo ships, which are looking to a 5,000-year-old technology as an eco-friendly source of propulsion—the sail.But today’s sails bear little resemblance to the papyrus or animal-skin sails used in ancient...
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Published on 2024-12-11
Source:
DC Velocity
When it comes to logistics technology, the pace of innovation has never been faster. In recent years, the market has been inundated by waves of cool new tech tools, all promising to help users enhance their operations and cope with today’s myriad supply chain challenges.But that ever-expanding array of offerings...
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Published on 2024-12-11
Source:
DC Velocity
Global forklift sales have slumped in 2024, falling short of initial forecasts as a result of the struggling economy in Europe and the slow release of project funding in the U.S., a report from market analyst firm Interact Analysis says.In response, the London-based firm has reduced its shipment forecast for...
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Published on 2024-12-10
Source:
DC Velocity
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