News
Fed Ex Moves to Sell Supply Chain Unit to Continue Corporate Streamlining
1+ hour, 49+ min ago (397+ words) Fed Ex plans to sell Fed Ex Supply Chain to CMA CGM Group, a Marseille-based global provider of sea, land, air and logistics solutions, at an enterprise value of $1. 4 billion. The acquisition is expected to close by the end of…...
The $25 Billion Fleet Breakdown Problem Finally Has a Fix
3+ week, 5+ day ago (460+ words) A typical commercial truck generates more than 25, 000 data points daily from onboard sensors. Until recently, most of that data sat unused. Fleet managers learned about problems when trucks stopped moving, not before. That's the gap a wave of artificial intelligence…...
Fed Ex Freight Goes Solo to Capture LTL Growth
1+ mon, 4+ hour ago (416+ words) Fed Ex Freight completed its spin-off from Fed Ex and will begin trading on the New York Stock Exchange (NYSE) Monday (June 1) under the ticker symbol "FDFX." The new publicly traded company is focused on the North American less-than-truckload (LTL)…...
AI Targets Trucking's $15 Billion Breakdown Problem
1+ mon, 1+ week ago (484+ words) When a truck breaks down on the highway, the repair bill is the smallest part of the problem. The delivery is late, the driver is stranded, the tow costs more than the fix and the customer is calling. The American…...
STG Buys Carrier Logistics to Launch Autonomous Freight Agents
2+ mon, 2+ week ago (313+ words) Private equity firm'STG plans to enable the development of an artificial intelligence (AI)-native less-than-truckload (LTL) solution with its acquisition of freight management software provider Carrier Logistics Inc. (CLI). This integration will help develop an AI-native operating system for terminal-based motor…...
New Freightos CEO Pablo Pinillos Targets Q4 Financial Break Even
3+ mon, 2+ week ago (309+ words) International freight industry platform Freightos appointed its chief financial officer and interim CEO, Pablo Pinillos, as its CEO and a member of the board of directors, effective Monday (March 16). The move comes after Freightos founder Zvi Schreiber stepped down from…...
Producer Prices and Uncertainty Reset Businesses" Supply Chain Priorities
4+ mon, 2+ day ago (19+ words) PYMNTS. com Producer Prices and Uncertainty Reset Businesses" Supply Chain Priorities...
Einride Secures $113 Million to Scale Autonomous Freight Global Expansion
4+ mon, 2+ day ago (431+ words) Einride, a developer of digital, electric and autonomous freight solutions, raised $113 million in private investment in public equity (PIPE) financing to support a proposed business combination it announced in November. The transaction values Einride at $1. 35 billion, pre-money, the company said…...
Shipping Downturn Masks Strong Demand for Consumer Goods
4+ mon, 3+ day ago (437+ words) Importers in the United States are anticipating favorable deals as they negotiate their ocean shipping contracts for 2026, The Wall Street Journal reported Thursday (Feb. 26). Shipping specialists said supply is exceeding demand when it comes to container space, causing importers to…...
Freightos Is Learning That Digitizing Shipping Is the Easy Part
4+ mon, 6+ day ago (669+ words) Freightos is growing, but not profitable yet. The company posted solid revenue and usage gains in 2025, though it still isn't making money and expects to break even by late 2026. Instead of just growing its online marketplace, Freightos is working to…...