Uber Freight has acquired logistics tech company Transplace from TPG Capital for around $2.25 billion. As one of the most talked-about merger in the transportation and logistics industry, this acquisition will create one of the strongest supply chain tech platforms, with the largest and most integrated logistics network globally. According to Uber Freight CEO Lior…
Digitization in the logistics industry has accelerated the work processes and ushered in dynamic changes in client expectations and market structure. It has made data much more accessible and the increasing use of technologies like IoT or Blockchain have interconnected all the various logistical processes. This is allowing logistics managers to control the entire supply…
The sea freight shipping industry is responsible for moving more than 80% of the international commodities. However, in the aftermath of the pandemic, the ocean cargo industry is witnessing a record high price for containers. The ongoing port congestion, pandemic-related delays, high demand for goods, container and equipment shortage, and an overall lack of capacity…
Like every other mode of transportation in the logistics industry, the air freight sector was also severely impacted by the pandemic. On the one hand, it was battling with the restrictions on operations, while on the other hand, the demand for air freight services has soared. According to IATA, the demand for air cargo reached…