Plus, FedEx and UPS harness AI in logistics, South America's trade scene challenges Panama Canal's constraints, and Estes navigates a disruptive cyberattack.
While trade activity escalates in South America, influenced by diversified sourcing strategies, the Panama Canal continues to face drought-induced challenges.
Estes grapples with a cyberattack. This comes just weeks after Yellow accepted Estes' $1.3B bid for its terminals.
Alvys, a cloud-based TMS, has secured $6.3M in a seed round led by Bonfire Ventures and featuring participation from RTP Global and angel investors. The funding will be channeled into product enhancement, team expansion, and other key areas to strengthen the company's market position.
A few months ago we interviewed former Chicago Bear, Desmond Clark, on our podcast who uses Alvys. Check out our podcast below:
We're excited to share we raised a $6.3M seed round led by @Bonfire_VC, with participation from @RTPvc Global and strategic angel investors! The full release is available from @YahooFinance : https://t.co/75XTkPjnj8 with mention in @FortuneMagazine today: https://t.co/s45m8WwwhE
— Alvys (@AlvysTeam) June 22, 2023
Key trends in freight and shipping market of June 2023, with insights into spot market, carrier capacity, LTL sector and cross-border shipping.
Molson Coors, recognized as 2023's Shipper of Choice, excels in supply chain management, shipping 13M barrels of beverages annually.
Tornado damages Pfizer plant in North Carolina, affecting 50,000 pallets of medication and potentially impacting nationwide supply.
The US labor market is showing signs of stabilization as the rate of voluntary job quitting approaches pre-pandemic levels and employers implement better retention strategies.
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