UPS has debuted a tool that lets businesses integrate their disparate supply chain components into one platform. The company’s Supply Chain Symphony, announced Wednesday (Nov. 15), lets customers combine things like shipping, warehouse and inventory management for greater efficiency. “UPS Supply Chain Symphony allows our customers...
Emtec Digital, a technology provider for the supply chain and logistics industry, has launched OptimateIQ, a platform to support and enhance supply chain processes through its automation-as-a-service capabilities. OptimateIQ offers a range of productivity enhancement services, including automation-as-a-service, copilot and conversation-as-a-service, according to a Monday...
Supply chain logistics firm Flexport is reportedly in discussions to purchase freight startup Convoy’s technology. The acquisition, if successful, would bolster Flexport’s move into the U.S. trucking market on its road to retain profitability, The Wall Street Journal (WSJ) reported Friday (Oct. 27), citing a source familiar...
Digital freight startup Convoy has announced the closure of its business. The Seattle-based trucking startup, which counted Jeff Bezos and Bill Gates among its investors, has announced that it was closing its doors after an unsuccessful four-month search for an acquirer, Bloomberg reported Thursday (Oct. 19). In...
Digital freight startup Convoy has announced the suspension of its operations and the winding down of its core business. The company, which was founded by former Amazon executives and which has attracted money from prominent tech investors, is now exploring alternatives that may include selling its technology. Last...
Supply chain logistics company Flexport is undergoing a restructuring process to regain profitability and reshape its business. Founder Ryan Petersen has set a long timetable for achieving profits, setting his sights the end of next year or early 2025. This effort may delay the company’s plans for an initial...
Relay Payments, a FinTech company specializing in modernizing payments for the logistics and trucking industries, has introduced RelayDirect, an automated freight payments tool for brokers. The tool aims to streamline the payment process for brokers, enabling them to automate carrier and factor payments, offer flexible...
Summer may feel like yesterday, but already, the holiday season is on the horizon. As it gets closer, buyers, suppliers, shippers and carriers all need to start prepping. That’s because while consumers might complain about holiday traffic, nothing logs more miles over the holidays than...
Bank of America has unveiled a platform to help business clients digitize trade finance. The company’s CashPro Supply Chain Solutions tool is designed to offer supply chain participants “improved process efficiency and working capital optimization,” Bank of American said in a Monday (Sept. 18) press release. The...
