News Articles
The implementation of AI is causing a significant and overwhelming rise in cloud expenses.
AI adoption is significantly increasing cloud costs for enterprises, with an average rise of 30% in the past year, primarily driven by spending on AI applications. A report by Tangoe highlights that n
Read MoreWayfair is shutting down its returns facility in Kentucky.
Wayfair has announced the closure of its returns center and outlet store in Florence, Kentucky, by the end of 2025, resulting in the layoff of approximately 218 employees. This decision is part of the
Read MoreSmartKargo becomes a trustee member of TIACA.
SmartKargo has been appointed as a trustee member of The International Air Cargo Association (TIACA), enhancing its role in tackling industry challenges and fostering innovation, especially within the
Read MoreThe ULD Care conference in Istanbul supports the ULD Climate Impact Label.
ULD CARE has officially endorsed the ULD Climate Impact Label at its annual conference in Istanbul, aiming to evaluate the environmental impact of Unit Load Devices (ULDs) in the aviation industry. De
Read MoreInternational air cargo rates surge in anticipation of the busy season.
Global air freight rates increased by 3.2% in the week ending October 28, as reported by TAC Index, marking a 6% rise over the past year. The growth was primarily driven by significant gains in export
Read MoreAirbus reported a 5% increase in revenue for the first nine months of 2024, while net income fell by 22%.
Airbus reported a 5% increase in consolidated revenue for the first nine months of 2024, reaching €44.5 billion, driven by a 4% rise in commercial aircraft revenues to €32.9 billion, fueled by higher
Read MoreThe U.S. Bank Freight Payment Index indicates ongoing difficulties in the freight transportation sector.
The U.S. Bank Freight Payment Index for the third quarter indicates ongoing declines in freight shipments and spending compared to previous periods. The shipment index value fell 1.9% sequentially and
Read MoreC.H. Robinson highlights advancements in its generative AI technology aimed at streamlining the entire lifecycle of freight shipments.
C.H. Robinson (CHR), a Minneapolis-based logistics provider, has enhanced its freight shipment automation by implementing generative AI technology, significantly improving efficiency. This AI automate
Read MoreIANA reports robust growth in intermodal volume for the third quarter.
The Intermodal Association of North America (IANA) reported strong momentum in third-quarter intermodal volumes, with a total of 4,627,631 units, marking a 9.8% annual increase—the fourth consecutive
Read MoreAir Charter Service's offices in Greater China are flourishing.
Air Charter Service's Greater China offices have experienced significant growth in the first nine months of the year, with both Shanghai and Hong Kong achieving record charter numbers. CEO Justin Bowm
Read More