Skip to content
Search AI Powered

Latest Stories

inbound

Logistics gives back

Here's our monthly roundup of some of the charitable works and donations by companies in the material handling and logistics space.

  • Seattle-based e-commerce giant Amazon.com Inc. donated $10,000 to the high school robotics team at Shakopee Senior High School in Shakopee, Minn., during a visit by the students to an Amazon fulfillment center near their campus.
  • Indianapolis-based truckload carrier Celadon Group Inc. has renewed its sponsorship of the March Madness-style online fundraising tournament hosted by Brackets For Good, an Indiana charitable organization.
  • Global logistics service provider Deutsche Post DHL Group is sending a Disaster Response Team (DRT) to Manta in Ecuador to assist with earthquake recovery. The team will provide pro bono logistics support at Ecuador's Eloy Alfaro International Airport to help coordinate incoming international aid shipments and prepare the cargo for transportation to affected areas.
  • Memphis, Tenn.-based logistics giant FedEx Corp. is teaming up with the National Fish and Wildlife Foundation (NFWF) to protect and restore plants, fish, wildlife, and habitats in communities across the nation for the seventh consecutive year. More than 500 FedEx team members across 16 cities will participate with local nonprofits to address pressing urban environmental challenges.
  • Ryder System Inc., the Miami-based commercial fleet management and supply chain solutions company, announced a $25,000 donation to the Women in Trucking (WIT) Foundation. The funding will provide student scholarships and help educate the next generation of transportation professionals.

The Latest

More Stories

trucks in a freight lot

Startup gets $16 million to fund its AI tool for freight brokers

The San Francisco tech startup Vooma has raised $16 million in venture funding for its artificial intelligence (AI) platform designed for freight brokers and carriers, the company said today.

The backing came from a $13 million boost in “series A” funding led by Craft Ventures, which followed an earlier seed round of $3.6 million led by Index Ventures with participation from angel investors including founders and executives from major logistics and technology companies such as Motive, Project44, Ryder, and Uber Freight.

Keep ReadingShow less

Featured

drawing of person using AI

Amazon invests another $4 billion in AI-maker Anthropic

Amazon has deepened its collaboration with the artificial intelligence (AI) developer Anthropic, investing another $4 billion in the San Francisco-based firm and agreeing to establish Amazon Web Services (AWS) as its primary training partner and to collaborate on developing its specialized machine learning (ML) chip called AWS Trainium.

The new funding brings Amazon's total investment in Anthropic to $8 billion, while maintaining the e-commerce giant’s position as a minority investor, according to Anthropic. The partnership was launched in 2023, when Amazon invested its first $4 billion round in the firm.

Keep ReadingShow less
ship for carrying wind turbine blades

Concordia Damen launches next-gen offshore wind vessels

The Dutch ship building company Concordia Damen has worked with four partner firms to build two specialized vessels that will serve the offshore wind industry by transporting large, and ever growing, wind turbine components, the company said today.

The first ship, Rotra Horizon, launched yesterday at Jiangsu Zhenjiang Shipyard, and its sister ship, Rotra Futura, is expected to be delivered to client Amasus in 2025. The project involved a five-way collaboration between Concordia Damen and Amasus, deugro Danmark, Siemens Gamesa, and DEKC Maritime.

Keep ReadingShow less
chart of port of oakland container traffic

Port of Oakland import volume approaches pre-pandemic level

The Port of Oakland’s container volume continued its growth in the fourth quarter, as total container volume rose 10% over the same period in 2023, and loaded imports grew for the 12th straight month, approaching pre-pandemic levels.

Specifically, loaded import volume rose 11.2% in October 2024, compared to October 2023, as port operators processed 81,498 TEUs (twenty-foot containers), versus 73,281 TEUs in 2023, the port said today.

Keep ReadingShow less
office workers using GenAI

Companies feel growing pressure to invest in GenAI

In a rush to remain competitive, companies are seeking new ways to apply generative AI, expanding it from typical text-based applications to new uses in images, audio, video, and data, according to a report from the research and advisory firm Information Services Group (ISG).

A growing number of organizations are identifying ways to use GenAI to streamline their operations and accelerate innovation, using that new automation and efficiency to cut costs, carry out tasks faster and more accurately, and foster the creation of new products and services for additional revenue streams. That was the conclusion from ISG’s “2024 ISG Provider Lens global Generative AI Services” report.

Keep ReadingShow less