Business
Vector.ai announced that the company is rebranding under the name Raft. The name change to Raft emphasizes their evolution to a comprehensive operational platform for freight forwarders.Since 2017, when launched as Vector.ai, the company has delivered industry-leading AI to automate document and email processing for freight forwarders. While AI for automated document and email processing remains at the core of the company's technology, the rebrand to Raft points towards the ...
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AD Ports Group announced that it has signed an agreement to acquire an 80% equity stake in Dubai-based Global Feeder Shipping (GFS), a global container shipping company.The total purchase consideration for the 80% stake amounts to US$ 800 million, implying a 100% Enterprise Value of ...
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ContainerPort Group (CPG®) announced the launch of its Expedited Services team, as part of its larger Logistics unit. The Expedited Services team will focus on finding solutions to move customer-critical containers that are not easily accessible or otherwise detained at rail yards and container yards ...
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Darktrace, a global leader in cyber security artificial intelligence, announced that several companies in the U.S. transport and logistics sector have adopted Darktrace's AI technology to protect against sophisticated cyber-attacks.
U.S. transport and logistics organizations to have recently chosen Darktrace include:• A leading railway company operating ...
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Echo Global Logistics, Inc. announced their acquisition of Fastmore Logistics, a leading Chicagoland transportation broker. Fastmore's extensive knowledge and core competency in selling domestic non-asset-based transportation services to international freight forwarders is a strong addition to Echo's business.
"We're excited to continue investing in industry growth ...
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The Port of Hueneme, known as the fourth largest container Port in California, welcomed another electric-hybrid crane--an investment made by Ports America stevedoring. The crane's arrival marked another important step in the Port's partners continued investment in zero-emissions technology and focus on operational reliability, as ...
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A strong recovery in volumes from Asia Pacific to Europe and North America in the last two weeks of October have helped lift overall global volumes and average rates back into positive territory following months of gradual declines and a sharp dip in the first ...
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Worldwide Flight Services (WFS) has opened its latest and third cargo handling facility at Copenhagen Airport.The new Terminal 3 cargo building adds a further 3,700m² warehouse facility to WFS' handling infrastructure in Copenhagen, where it handles over 100,000 tonnes of cargo a year, carried onboard ...
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Bahri announced that its business unit Bahri Logistics has entered into a sales and purchase agreement with Bolloré Logistics, one of the largest transport and logistics companies in the world, to acquire 40 percent of the share capital of their joint venture, Bahri Bolloré Logistics.
Following ...
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Everglades has been awarded a $19 million federal grant by the U.S. Department of Transportation under the Port Infrastructure Development Program (PIDP), to modernize several cargo docks and ensure efficient operations over the next 75 years. This is the port's first large federal infrastructure grant ...
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