OOCL Logistics customers will be able to apply for financing through the PODIUM platform, meaning suppliers can now receive funding less than 72 hours after shipping out a product.

The feature can determine a price range for logistics services based on numerous variables including types of transportation, equipment, demand and competition. 

FedEx shipping rates are expected to grow by an average of 5.9% for U.S. domestic, export and import services.

The new wave of generative artificial intelligence is supercharging the increased automation of B2B customer onboarding and due diligence for financing approvals, disbursements and repayments. 

The IMF found ending fossil fuel subsidies could cut global emissions outputs by 34% by 2030 when compared to levels seen in 2019.

When it comes to applying artificial intelligence to logistics and the supply chain, the headlines might be slightly ahead of real-world use.

Orient Overseas Container Line (OOCL) had the largest EBIT per TEU during Q2 2023 at $305, a massive drop-off from Q2 2022, which was over $1,500 per TEU.

The collaborations for the battery plant could range from a joint venture and the sharing of knowledge to experimentation and licensing agreements, Tata said.

The FMC audited MSC’s D&D charges in 2021 after receiving claims that the company issued the same daily rate for both operating and non-operating reefers (NORs).

Twenty-eight percent of those surveyed foresee a decline in container prices in August while another 30% think prices will remain unchanged.