Love is in the air: US imports 80% of its flowers from Colombia
If you live in the United States and your sweetheart sends you flowers on Valentine’s Day, there is a good...
Archive
Maersk logistics revenue drops 8.2%
Denmark-based shipping giant Maersk today reported fourth-quarter revenue of $11.7 billion, a 34% year-over-year decline. Its logistics and other services...
DSV airfreight revenue falls 44.1% in 2023
Denmark-based 3PL DSV announced fourth-quarter revenue of 36.5 billion kronor ($5.3 billion), a decrease of 28.7% year over year. The...
C.H. Robinson revenue falls 28.7% in 2023
C.H. Robinson reported $17.6 billion in 2023 revenue, down 28.7% year over year, which the freight forwarder primarily attributes to...
Flexport to slash 20% of workforce
Days after Flexport Chief Executive Ryan Petersen announced a $260 million investment from Shopify, Flexport is preparing to cut another...
Shopify’s $260M Flexport funding comes after rocky year
Flexport Chief Executive Ryan Petersen is saying a $260 million investment from longtime partner and e-commerce giant Shopify will help...
Podcast: Aircon CEO on benefits, challenges of airfreight consolidation
A Dallas-based airfreight consolidation company is using AI and machine learning to offer a platform that helps smaller freight forwarders...
Forwarder data handling targeted by EU’s AI Act
The European Union on Dec. 12 agreed to regulations limiting AI technology with its AI Act, legislation introduced to the...
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