1.2-megawatt charger displayed at ACT Expo
ABB E-mobility brought to ACT Expo its new MCS1200 Megawatt Charging System, designed for ultra-fast charging of heavy-duty electric vehicles. “What you see in front of you here is the […]
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Category Archives: News
5 tips to cut fuel costs for trucking fleets
As fuel prices remain volatile and sustainability expectations rise, fleets are under growing pressure to reduce operating costs while improving environmental performance. According to Samsara, even small gains in fuel […]
Meet Freightos Procure: The Next Evolution of SHIPSTA
Meet Freightos Procure: The Next Evolution of SHIPSTA
Freightos Procure
rebrands SHIPSTA, enhancing procurement with market intelligence and seamless booking within the Freightos Enterprise suite, empowering shippers to manage the entire freight lifecycle efficiently.
We’re excited to announce that SHIPSTA by Freightos is officially rebranding as Freightos Procure. This marks a significant milestone in our journey to digitize and simplify global freight procurement, part of our comprehensive Freightos Enterprise suite.
SHIPSTA Becomes Freightos Procure
Since joining the Freightos family in 2024, SHIPSTA has strengthened our Freightos Enterprise solutions, empowering large shippers with advanced procurement capabilities. This rebrand represents the natural next step in our integration, bringing SHIPSTA’s advanced procurement platform fully into the Freightos Enterprise ecosystem.
As Freightos Procure, we’ll continue to innovate and enhance our enterprise procurement solutions, helping you optimize freight spend, streamline RFQs and tendering processes, and make data-driven decisions with confidence. SHIPSTA, now integrated into Freightos Procure, continues to lead the way in agile procurement solutions.
Enhanced Enterprise Capabilities
For existing customers, this transition will be seamless. You’ll continue to enjoy the same features, interface, and dedicated support you’ve come to expect, now as a core pillar of the Freightos Enterprise platform.
The rebrand brings several key benefits for enterprise shippers:
- Unified Enterprise Experience: A streamlined procurement solution within the Freightos Enterprise ecosystem
- Comprehensive Data Intelligence: Complements Freightos Terminal for enhanced rate benchmarking and market analytics
- End-to-End Visibility: Complete procurement-to-execution visibility across your global supply chain
- Strategic Decision Support: Advanced analytics to uncover optimized award scenarios and identify lanes with savings potential for effortless tendering
With automated workflows and autonomous procurement tools, enterprise shippers can reduce manual processes and accelerate sourcing cycles. Our digital rate management system ensures faster and more accurate quoting and tendering, even in the face of ongoing market volatility.
Leadership Perspective
We’re not just changing a name. We’re raising the bar.
Freightos Procure stands for a shared commitment to redefine freight procurement with smarter data, seamless workflows, and real decision-making intelligence.
With Freightos Procure, we’re now in a position to build true Procurement Intelligence – by combining global market data with modern sourcing and decision-making processes.
What excites me personally is that we’re no longer just offering platforms – we’re empowering our customers with real decision-making intelligence, helping them make their supply chains more resilient, efficient, and sustainable.
And yes, we see ourselves a bit like a Robin Hood for logistics – unlocking intelligence and access not just for the few, but for the entire global ecosystem.
This marks our next step forward, and I’m genuinely looking forward to continuing this journey together with our great team, customers, and partners.
– Christian Wilhelm
For years, at SHIPSTA, we have had the vision of supporting an end-to-end logistics process, making data accessible at the right place within an expected time, focusing on our strength, which is Supply Chain procurement. Being integrated in the Freightos Enterprise solution offering benchmarking capabilities in combination with different procurement events and being able to book transportation perfectly fits the overall Vision we have in SHIPSTA, but also we in Freightos are believing in.
– Oliver Esch
A Complete Enterprise Solution for Procurement Leaders
This rebrand marks a critical milestone in Freightos Enterprise’s strategy. With Freightos Procure joining our suite of enterprise solutions, we’re building a comprehensive platform that seamlessly connects procurement, market intelligence, and execution.
This enables shippers to leverage market data for smarter sourcing decisions and efficiently convert negotiated rates into bookable freight options, creating a cohesive freight management lifecycle from planning to execution.
The Freightos Enterprise suite now provides:
- Freightos Terminal: Real-time rate benchmarking and market intelligence
- Freightos Procure: Advanced RFQ management and freight procurement
- Freightos Rate, Book, & Manage: End-to-end freight management and execution
As Freightos Procure, we’ll continue to innovate and enhance our enterprise procurement solutions, helping you optimize freight spend, streamline RFQs and tendering, and make data-driven decisions with confidence.
The Next Chapter in Freight Procurement
In the coming weeks, you’ll see the new Freightos Procure branding across our platform and communications.
For more information about Freightos Procure and our complete Freightos Enterprise solution suite, visit our website or request a demo.
Thank you for your continued partnership as we embark on this exciting new chapter in our enterprise offerings!
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Put the Data in Data-Backed Decision Making
Freightos Terminal helps tens of thousands of freight pros stay informed across all their ports and lanes
The post Meet Freightos Procure: The Next Evolution of SHIPSTA appeared first on Freightos.
Covenant Logistics predicts ‘delay’ in improved freight market
Officials at Covenant Logistics Group said uncertainty brought on by evolving U.S. trade policies could delay a long-awaited recovery to the trucking industry.
Chattanooga, Tennessee-based Covenant (NASDAQ: CVLG) reported first quarter-earnings after the market closed Wednesday. Company officials held a conference call to discuss the results with analysts on Thursday.
“Although we were expecting 2025 to be a year of recovery for the freight economy, we recognize that economic uncertainties may create a delay to an improved freight environment,” CFO Tripp Grant said during the earnings call.
Covenant Logistics posted total revenue of $269.36 million for the first quarter, a 3% year-over-year decrease from the same period in 2024 and short of Wall Street estimates of $278 million.
The company’s first-quarter adjusted earnings were 32 cents per share, 10 cents less than Wall Street estimates of 42 cents.
Freight revenue declined 2% year over year in the first quarter to $243.2 million, while truckload revenue decreased 1% to $188.3 million.
Covenant officials attributed the slowdown to a severe outbreak of avian influenza disrupting its poultry business as well as challenges created by severe weather across the country.
In April 2023, Covenant Logistics acquired Huntsville, Arkansas-based Lew Thompson & Son, a trucking company primarily involved in poultry-related freight movement.
“There’s some amount of bird flu every year,” Grant said. “Just in talking to the industry folks, this year is probably as bad as any year it has been.”
Grant said the avian influenza shouldn’t affect revenue beyond the first quarter.
“We felt it in the fourth quarter. I would say we felt it in January, February, March; we’re feeling it a little bit in April,” Grant said. “I would say by June, we should be back at 100%. We’re probably at 85% today.”
Company officials said they anticipate growth across their segments over the next several quarters.
The dedicated segment posted revenue of $93.6 million in the first quarter, an 11% year-over-year increase. Revenue in the expedited segment decreased about 10.2% to $94.6 million.
Warehousing revenue declined about 6% year over year to $24 million, while managed freight declined 9.7% year over year to $56.8 million.
“I think we’ll see dedicated margins improve, just like expedited, for a couple reasons,” President Paul Bunn said during the call. “I think the weather significantly affected business in the first quarter. So just with better weather and whatnot, it will help. It will help dedicated. Then, as we continue, the worst of the bird flu will probably be over by January, early February.”
Covenant also recently completed a small tuck-in acquisition of a multistop distribution carrier that is expected to immediately add earnings in the company’s dedicated division.
Company officials did not disclose any more information about the acquisition.
The post Covenant Logistics predicts ‘delay’ in improved freight market appeared first on FreightWaves.
Aurora’s driverless trucks begin customer deliveries in Texas
Aurora Innovation has successfully launched its commercial self-driving trucking service in Texas. Following the closure of its safety case, Aurora began regular driverless customer deliveries between Dallas and Houston this […]
GXO Logistics Reports Q1 Revenue Increase to Nearly $3 Billion
GXO Logistics experienced an increase in revenue but a loss in earnings during the first quarter of 2025, the company reported May 8.
Carie Seymour Receives 2024 Women in Supply Chain Award
Carie Seymour, vice president of human resources for Penske Logistics, has received the 2024 Women in Supply Chain Award from Supply & Demand Chain Executive and Food Logistics. The award honors female supply chain leaders who set a strong foundation for women at all levels of a company’s supply chain.
Seymour appears on the esteemed 2024 ranking in the Trailblazers category, honoring female leaders with proven track records of paving the way for future women in logistics.
Seymour leads the human resources function for Penske Logistics’ dedicated contract carriage product line, encompassing more than 380 locations and 11,000 associates. A champion for Penske associates for more than 25 years, her accomplishments include the development and launch of Penske’s flagship women’s impact programs: Penske Women in the Field and Penske Women in Logistics.
“I’m proud to be part of an organizational culture that values and inspires women’s leadership,” said Seymour. “It’s an honor and privilege to be recognized alongside so many exceptional women in the transportation and logistics industry.”
Seymour built her Penske expertise from the ground up, with a strong focus on elevating associates to help move the organization forward. Her experience as a human resources professional includes oversight within the leasing and logistics businesses, developing talent, driving engagement, enhancing communication efforts and supporting business growth. Throughout her career, she has worked closely with associates with diverse backgrounds and perspectives, enabling her to be a strong advocate for inclusion across the enterprise.
DHL upgrades next-day Medical Express service for Latin America
International shipper DHL Express has grown its next-day delivery capabilities by adding a Brazil-to-U.S. lane to its Medical Express service.
According to a news release emailed to FreightWaves by DHL, this new connection links South America and Puerto Rico to the U.S., with the goal of expediting deliveries to customers in pharmaceutical and clinical research sectors.
“With its Medical Express service, DHL Express expertly manages the export and regulatory requirements for urgent shipments that necessitate specific temperature controls,” the Thursday release stated.
The service will help speed up transportation of samples from Puerto Rico, Brazil, Argentina, Chile, Colombia and Peru to central U.S. destination labs in less than 30 hours from the time of patient draw. It offers dry ice supply and temperature-controlled packaging fulfillment and online tools for placing bookings and ordering supplies.
Additionally, DHL’s network in Brazil has been upgraded with a specialized customer service center staffed with bilingual representatives.
“Given the complexities of export processes, tax payments, and ANVISA (Brazil’s health regulatory agency) approvals necessary in Brazil, our integrated system allows DHL to initiate export approvals before samples arrive at our facilities,” said Brian Bralynski, senior director of life sciences and healthcare at DHL Express Americas, in the release. “This enables DHL to extend later collection times for investigator sites, allowing more time to schedule patient visits while still exporting on the day of collection.”
The release stated that since 2023, DHL-operated aircraft have departed Miami to its hub at the Cincinnati and Northern Kentucky International Airport in the morning instead of the evening. This has allowed 65% of ambient patient samples to now arrive at central U.S. labs for testing one day sooner.
“DHL Medical Express addresses a critical industry need for specialized services in the pharmaceutical and clinical research sectors,” said Andrew Williams, CEO of DHL Express Americas, in the release. “It’s a highly effective solution due to our robust international network and deep understanding of the regulatory requirements involved in the import and export of pharmaceuticals, test kits, and diagnostic specimens.”
The news comes after DHL Group announced plans this month to invest over $2 billion to enhance its capabilities in the life science and health care logistics sector by 2030.
The post DHL upgrades next-day Medical Express service for Latin America appeared first on FreightWaves.
Trump Hints at Tariff Rollback if China Talks Succeed
Treasury Secretary Scott Bessent and U.S. Trade Representative Jamieson Greer are set to meet in Switzerland with Chinese Vice Premier He Lifeng on trade in the coming days.
Tech-Driven Drayage: A PortPro Perspective with Corey Abbott
Corey Abbott and Joe Lynch discuss tech-driven drayage: a PortPro perspective. Corey is the Chief Growth Officer and his team lead enterprise initiatives at PortPro, an innovative technology company that keeps the drayage industry moving efficiently with its operating platform built for drayage trucking companies, brokerages, and those that do both.
About Corey Abbott
Corey Abbott, Chief Growth Officer and his team lead enterprise initiatives at PortPro, focusing on developing comprehensive products designed to enhance the customer experience, guided by their needs and feedback. Corey spent over a decade at STG Logistics, the nation’s leader in containerized freight, and XPO Logistics, where he built operational, financial, and back-office solutions to help companies and users across the globe. He also partnered with companies across multiple industries and modes of transportation (OTR, Drayage, Intermodal, Global forwarding, LTL, Supply Chain Warehousing/ Transloading, Expedited Air, Road, and Water). He held roles of CIO, Intermodal, and Drayage, and most recently, Chief Product Officer. He holds a Master’s degree in accounting and finance from the University of North Carolina at Charlotte.
About PortPro
PortPro is an innovative technology company that keeps the drayage industry moving efficiently with its operating platform built for drayage trucking companies, brokerages, and those that do both. Its flagship TMS platform streamlines order entry, dispatch management, container tracking, communication, appointment-setting, accounts receivable, accounts payable, reporting, AI-driven features, and more for our customers – who can then provide full transparency and better service to their customers. Visit www.portpro.io for more information and to schedule a demo.
Key Takeaways: Tech-Driven Drayage: A PortPro Perspective
- Corey Abbott and Joe Lynch discuss tech-driven drayage: a PortPro perspective.
- Corey is the Chief Growth Officer and his team lead enterprise initiatives at PortPro, an innovative technology company that keeps the drayage industry moving efficiently with its operating platform built for drayage trucking companies, brokerages, and those that do both. Drayage carriers and brokers face the following challenges:
- Operational Inefficiencies & Lack of Real-Time Visibility: Difficulty managing complex drayage processes and tracking critical information (containers, status, appointments) leads to wasted time, errors, and increased costs.
- Manual Processes & Poor Communication Hindering Productivity: Reliance on outdated methods for order entry, scheduling, invoicing, and communication creates administrative burdens, slows down operations, and limits collaboration.
- Stuck with Outdated Tech or Ill-Suited Systems: Drayage carriers and brokers often face a dilemma: either wrestle with legacy TMS platforms that hinder integration and lack modern AI, or try to force-fit traditional TMS solutions missing crucial drayage-specific features like appointment management.
- Missing the Mark on Drayage Needs: Existing TMS options frequently fail to address the unique complexities of drayage, lacking the specialized fields and functionalities required for efficient appointment scheduling, container tracking, and overall drayage operation
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PortPro customers enjoy the following advantages:
- PortPro’s platform, is a cloud-based TMS (Transportation Management System) built specifically for drayage operations. It streamlines everything from dispatching and invoicing to document management and container tracking, offering users a centralized platform that eliminates manual workflows and siloed systems.
- Automated Workflows and Real-Time Visibility: With features like EDI/API integrations, automated billing, and GPS-based container tracking, PortPro empowers carriers and brokerages with real-time operational visibility and faster decision-making. This reduces delays, improves on-time performance, and boosts overall efficiency — critical in an industry where time is money.
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Compliance and Scalability at the Core: PortPro’s technology is designed to adapt to regulatory complexities like AB5 and environmental compliance laws. It helps companies stay ahead of legal changes while scaling their operations without needing to invest heavily in back-office expansion. This makes it especially valuable for mid-sized drayage companies aiming to grow.
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Specialized AI Agents & Optimizers: PortPro launches AI-powered tools integrated directly into their TMS, offering targeted automation for specific drayage workflows like spreadsheet updates and empty container returns, accessible via an AI Marketplace and customizable chat interface.
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Key AI Features for Efficiency: The initial rollout includes “AI Chat” for real-time data queries, “Spreadsheet AI Agents” for automatic data synchronization with Excel and Google Sheets, and “Empty Return Agents” to automate the often cumbersome process of managing empty container returns.
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Addressing Drayage’s Manual Inefficiencies: These AI innovations directly tackle the significant administrative burdens in drayage, which can account for up to 20% of operating costs, freeing up operations teams to focus on more strategic and customer-centric activities.
Learn More About Tech-Driven Drayage: A PortPro Perspective
PortPro’s Complementary Carrier Guide to Growth
State of Drayage Industry Report
The Logistics of Logistics Podcast
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