[Freightos Weekly Update] Ocean rates continue to fall as carriers start to remove capacity
Key insights: 1 Ocean rates continued to fall this week, despite Golden Week approaching and carriers starting to cancel sailings. 2 The decrease in demand…
Challenge Group invest in operational excellence, strengthening partnership with CHAMP Cargosystems
The Challenge Group has signed an agreement for CHAMP Cargosystems’ eCargo solution software, Traxon cargoHUB, strengthening a longstanding partnership. Offering tailormade air freight solutions worldwide,…
British startup offers off-grid, ultra-fast charging to help California’s power supply crisis
L-Charge, the off-grid EV charge point manufacturer and solutions provider, has teamed up with USA Truck Bodies. They will offer an advanced charging solution to…
Optimas enhances its business intelligence team to better serve customers, partners as part of its forward faster transformation strategy
Optimas Solutions, a tech-enabled manufacturer/distributor of fasteners, inventory management services and supply chain solutions, recently reached a vital milestone in its Forward Faster transformation strategy.…
China threatens action against ‘discriminatory’ US EV tax breaks
China joined in the criticism of the new US law providing tax breaks for electric vehicles, threatening unspecified action if needed to protect its interests…
Crowley participates in carbon ridge funding round to support decarbonization solutions
Carbon Ridge secures $6 million investment from leading climate investors and maritime industry leaders Grantham Foundation, Crowley and Berge Bulk to support development of novel…
Truss calls on UK rail workers to abandon new round of walkouts
UK Prime Minister Liz Truss appealed to railway employees to “get back to work” as unions prepare to resume walkouts in a clash with employers…
Erdogan says Turkey wants to expand US gas ties, supply Europe
Turkey is seeking to increase gas purchases from the US and distribute some to its neighborhood, President Recep Tayyip Erdogan said, as Europe faces an…
IntelliTrans managed services intervened for commodities clients before rail strike
Rail Strike Averted, but IntelliTrans’ Clients Were Ready to Keep Facilities Operating and Production Flowing
Airbus wins $4.8 billion China jet order in blow to Boeing
Airbus SE won a deal to supply 40 jets worth around $4.8 billion at list prices to a unit of China Southern Airlines Co., cementing…
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