Forwarding AI vendor lands funding to automate shipment coordination
The $6 million influx into UK-based artificial intelligence technology provider Nexcade comes as the cost of building AI tools is likely to rise in the coming years.
The $6 million influx into UK-based artificial intelligence technology provider Nexcade comes as the cost of building AI tools is likely to rise in the coming years.
Global air freight spot rates were up 38% year over year in June, but the pace of growth is slowing, Xeneta reported.
But this month will be the end of an early peak season that began in May and increased in intensity, according to the Global Port Tracker, with imports for August through November expected to be lower year over year.
The modest growth in domestic volumes the market has seen this year to date should be well within the sector’s capabilities to handle, but it’s far too soon to “declare victory,” writes Larry Gross.
The roughly $30 billion agreement is expected to produce more than 15 billion U.S.-made chips through 2031.
The sportswear brand has collected more than $300 million in refunds for the invalidated levies, as of the quarter ending May 31.
The modest growth in domestic volumes the market has seen this year to date should be well within the sector’s capabilities to handle, but it’s far too soon to “declare victory,” writes Larry Gross.
The Sharjah-based company is the third port operator in the UAE to embark on an end-to-end logistics journey, following its larger Dubai-based neighbor DP World and Abu Dhabi-based AD Ports.
The new ground transportation offering expands the company’s hazardous materials network as battery production and demand continue to grow.
The agreement follows a series of concessions between carrier-controlled terminal operators and Vietnamese companies in the last few years to develop port facilities at Lach Huyen.