Is there such a thing as a “silicon ceiling”? Much to IATA’s chagrin, the air cargo industry once again failed break through the 50 percent barrier in electronic airway bill (e-AWB) penetration. In fact, the rate just declined in the data most recently available. February’s 48.2 percent penetration rate represents a 0.3 percent month-to-month decline,[…]
With an eye toward scaling up its reach to global levels, online logistics firm Freightos has wrapped up a US$25 million Series B extension round, led by GE Ventures, bringing the company’s total investment funding to $50 million. In addition to growth, the funds also will be used for continued development of the software suite[…]
Cargo delivery drone startup Natilus has released pictures of a prototype vehicle that the company hopes will eventually conduct 30-hour test runs, carrying up to 315 kilograms of cargo, between Los Angeles and Hawaii. “Seeing is believing, especially for the freight world,” said CEO Aleksey Matyushev. “There’s a lot of doubt that a small team[…]
Imagine if you could accurately predict when and where your largest airfreight shipments will be sent each day. That futuristic ability may soon become available to a wide range of forwarders and shippers with Alibaba Cloud’s new artificial intelligence (AI) platform, called PAI 2.0, which provides businesses and organizations machine-learning capabilities. The platform, which launched[…]
Early this morning, Guangzhou-based all-cargo start-up, Longhao Airlines put its first 737-300F into revenue service on a flight between Jiangsu Nantong Xindong Airport (NTG) and Guangzhou Baiyun Airport (CAN). The carrier, which has already inked a deal to carry cargo on behalf of Shenzhen-based SF Express Airlines, has ambitious plans to put five freighters into[…]
Shipping by rail between Europe and Asia just got a little more flexible as UPS added six new stations to its continent-spanning rail service – four in China and two in Europe – making the rail mode an even more attractive option for forwarders, and a potential threat to air cargo traffic. The rail line,[…]
