Skip to content
Search AI Powered

Latest Stories

newsworthy

Logistical Labs integrates freight pricing software with project44

New web tools will build faster connection among shippers, carriers, and 3PLs.

The cloud-based supply chain software provider Logistical Labs LLC will integrate its LoadDex LTL freight pricing software with software applications from project44, a Chicago firm that has developed a web tool to instantly connect shippers and 3PLs.

Users of Chicago-based Logistical Labs' LoadDex platform can inspect aggregate pricing information for any given route, allowing them to make strategic shipping decisions by analyzing years of historical, social, and external pricing data in less than two seconds to find the most efficient and cost-effective option, according to the company.


The new integration makes it possible for users to swiftly exchange real-time rating information via project44's Rating API, an application programming interface (API) that enables websites to automatically exchange data. The upgrade will reduce the time it takes for shippers to request quotes from multiple carriers at one time, according to Logistical Labs.

"Users can now access project44's LTL network directly from within the LoadDex interface via API technology to instantly book capacity," Logistical Labs chief product officer Chris Ricciardi said in a statement. "Having all rates and all modes in a centralized location greatly streamlines the rating process for our customers—giving them one source for all of their mode optimization needs."

Project44 has created technology that standardizes hundreds of API connections to LTL carriers. Its secure web service integrates into transportation management systems (TMS), replacing EDI connections with faster, more accurate web service, the company says.

The company has also linked its APIs to the TMS platforms of firms such as MercuryGate International Inc. and McLeod Software Corp., running in the background to accelerate data exchange speed and accuracy.

Project44 recently gained new leadership when it hired C. Thomas Barnes, former president of less-than-truckload (LTL) services at freight broker Coyote Logistics LLC, as its own president.

The Latest

More Stories

team collaborating on data with laptops

Gartner: data governance strategy is key to making AI pay off

Supply chain planning (SCP) leaders working on transformation efforts are focused on two major high-impact technology trends, including composite AI and supply chain data governance, according to a study from Gartner, Inc.

"SCP leaders are in the process of developing transformation roadmaps that will prioritize delivering on advanced decision intelligence and automated decision making," Eva Dawkins, Director Analyst in Gartner’s Supply Chain practice, said in a release. "Composite AI, which is the combined application of different AI techniques to improve learning efficiency, will drive the optimization and automation of many planning activities at scale, while supply chain data governance is the foundational key for digital transformation.”

Keep ReadingShow less

Featured

manufacturing job growth in US factories

Savills “cautiously optimistic” on future of U.S. manufacturing boom

The U.S. manufacturing sector has become an engine of new job creation over the past four years, thanks to a combination of federal incentives and mega-trends like nearshoring and the clean energy boom, according to the industrial real estate firm Savills.

While those manufacturing announcements have softened slightly from their 2022 high point, they remain historically elevated. And the sector’s growth outlook remains strong, regardless of the results of the November U.S. presidential election, the company said in its September “Savills Manufacturing Report.”

Keep ReadingShow less
dexory robot counting warehouse inventory

Dexory raises $80 million for inventory-counting robots

The British logistics robot vendor Dexory this week said it has raised $80 million in venture funding to support an expansion of its artificial intelligence (AI) powered features, grow its global team, and accelerate the deployment of its autonomous robots.

A “significant focus” continues to be on expanding across the U.S. market, where Dexory is live with customers in seven states and last month opened a U.S. headquarters in Nashville. The Series B will also enhance development and production facilities at its UK headquarters, the firm said.

Keep ReadingShow less
container cranes and trucks at DB Schenker yard

Deutsche Bahn says sale of DB Schenker will cut debt, improve rail

German rail giant Deutsche Bahn AG yesterday said it will cut its debt and boost its focus on improving rail infrastructure thanks to its formal approval of the deal to sell its logistics subsidiary DB Schenker to the Danish transport and logistics group DSV for a total price of $16.3 billion.

Originally announced in September, the move will allow Deutsche Bahn to “fully focus on restructuring the rail infrastructure in Germany and providing climate-friendly passenger and freight transport operations in Germany and Europe,” Werner Gatzer, Chairman of the DB Supervisory Board, said in a release.

Keep ReadingShow less
containers stacked in a yard

Reinke moves from TIA to IANA in top office

Transportation industry veteran Anne Reinke will become president & CEO of trade group the Intermodal Association of North America (IANA) at the end of the year, stepping into the position from her previous post leading third party logistics (3PL) trade group the Transportation Intermediaries Association (TIA), both organizations said today.

Reinke will take her new job upon the retirement of Joni Casey at the end of the year. Casey had announced in July that she would step down after 27 years at the helm of IANA.

Keep ReadingShow less