While the AI equipment boom competes with e-commerce for air freight capacity out of Asia, the fast-growing tech shipments offer better yields and more opportunities for logistics providers.
The effort comes after the coffeehouse chain pulled the plug on an AI-powered inventory management tool after nine months.
A secondary market has emerged for retailers, such as American Eagle Outfitters and The Children’s Place, to get capital quicker by monetizing tariff refunds.
Containers can now move by rail directly into the region, rather than routing through Chicago and trucking south, according to a railroad spokesperson.
The Journal of Commerce Truckload Capacity Index dropped slightly in the second quarter, signaling caution, after a Q1 surge linked to an acquisition.
The momentum generated by air and ocean demand during the quarter is expected to continue through the second half of the year, the company’s CEO said.
HappyRobot’s $1.2 billion valuation is raising familiar questions about how valuable logistics technology can be in the age of artificial intelligence.
Matt Rogers joined the fitness apparel brand in 2023 and previously held the role of global supply chain director.
The industry groups expressed concern as reports emerge that Iran and Oman are in talks on future shipping arrangements for the strait that would include tolls on vessel.
The enhancements give customers more control and information when using options like Smart Pickup, a UPS executive said.
