Envoy AI unveils autonomous digital workforce for logistics teams

Envoy AI is introducing a new artificial intelligence platform aimed at changing how freight brokerages manage day-to-day operations by deploying autonomous digital workers capable of executing freight tasks alongside human employees. The San Francisco-based logistics technology company announced Tuesday the launch of Ellie Workforce, describing it as an operating system for autonomous freight execution that […]

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Fuel surcharges push parcel shipping rates near record high

The express parcel rate per package sequentially climbed 5.9% in the second quarter driven by elevated fuel surcharges, higher billed weight and a rise in premium service, and is expected to rise 11% year over year in the current period, according to a latest benchmark report from AFS Logistics and TD Cowen investment bank released […]

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NEW: Trade turbulence turns to record volume for top U.S. port

The Port of Long Beach delivered its third busiest June on record, moving 779,000 twenty foot equivalent units (TEUs), a 10.6% increase compared with the same period a year ago. The strong performance marks the second consecutive month of year-over-year gains, bringing year-to-date volume to more than 4.8 million TEUs, nearly 2% ahead of the […]

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Quantix names new CEO after financial restructuring 

Quantix has named longtime executive Nate Gesse as its next chief executive officer, marking the next phase of the chemical logistics provider’s turnaround following the completion of a lender restructuring. The Woodlands, Texas-based company said Wednesday that Gesse will assume the CEO role on July 20, succeeding John Labrie, who came out of retirement in […]

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TL, LTL rates to hit new highs in Q3

Truckload and less-than-truckload rate indexes established fresh highs in the second quarter as the freight industry recovers from a nearly four-year downturn. Rates are expected to continue to move up and to the right in the third quarter, according to a Tuesday report from 3PL AFS Logistics and financial services firm TD Cowen. Supply-side correction […]

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BulkLoads expands ag freight footprint with Livestock Network acquisition 

BulkLoads is expanding its presence in agricultural transportation through the acquisition of Livestock Network. Executives say the acquisition will unite two of the trucking industry’s longest-established freight communities while giving livestock haulers access to a broader suite of business services. Springfield, Missouri-based BulkLoads announced Monday that it has acquired Livestock Network, an online load board […]

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