Sydney, Australia-headquartered customs and logistics software provider WiseTech Global yesterday released details of massive increases in revenues and profits. ASX-listed WiseTech reported that total revenues increased by 68 percent.
DP World (NASDAQ Dubai: DPW) announced that it will repurchase P&O Ferries from Dubai World according to a DP World press release. The acquisition will be worth BGP (British pound sterling) 322 million or $421 million. (All values will be converted to U.S. dollars.)
Ecommerce is revolutionizing the way supply chains work, with predictive analytics and warehouse optimization playing a huge role in keeping up with consumer expectations.
GreyOrange announced a AI-powered modular sortation system that provides flexible automation in modern distribution and logistics centers, and can sort close to 12,000 parcels per hour.
Shippers responded to tight capacity and high rates in 2018 by turning to managed transportation providers, and if the predictions for 2019 come true, they will likely continue down this path.
Sponsored by Redwood LogisticsWe look at emerging trends in retail supply chain.
Brambles, a supplier of reusable pallets, crates and containers for the supply chain industries, recorded strong revenue growth but its profit was much lower in the first half of its financial year, according to results released to the Australian Stock Exchange.
Morgan Stanley Real Estate Investing (MSREI), the private real estate investment arm of Morgan Stanley (NYSE: MS), has purchased a majority stake of KSH Infra Pvt. Ltd. for INR (Rupees) 3.5 billion or $49 million.
Kerry Logistics (SEHK: 636) has entered a joint venture with E-Services Group (ESG) according to a Kerry press release. The joint venture, Kerry ESG, will increase e-commerce fulfillment in Hong Kong, mainland China and Taiwan, as well as the 10 members nations of the Association of Southeast Asian Nations (ASEAN).
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Haulynx adds the turn-by-turn navigation feature to its software app, integrating it with the smart load matching algorithm it was previously offering. Based on the available hours of service, geographic location, and truck type, Haulynx will suggest loads that can maximize truck capacity utility.
In the transportation and logistics circles, blockchain has been an enigma – a technology that holds extensive promise on paper, and yet on the flip side, is extremely hard to implement.
Valentine’s day is all about love… and logistics.
Descartes Systems Group (NASDAQ: DSGX) has completed its acquisition of Management Systems Resources according to a Descartes press release.
Convoy CEO Dan Lewis said that digital brokerage margins would expand until most participants adopted low-cost structure, then start compressing.
Private equity has become the major player in financing the growth of transportation and logistics companies, and venture capital inflows have also accelerated dramatically.
Supply chains, not guitar strings.
The U.S. Postal Service has been turning in losses every year, and a White House task force has asked the USPS to look at franchising the mailbox to prop up the declining margins.
Sponsored by Redwood LogisticsRedwood Logistics announced its acquisition of Strive Logistics Monday, cementing Redwood’s place as a top-15 truck broker and an emerging multimodal logistics provider with over $1 billion in freight under management.
General Motors plans to go all-electric in the future but does not expect profits until early next decade; Amazon is all set to move into the last-mile delivery segment; Tesla and Mercedes-Benz might collaborate over electric van development.
