Skip to content
Search AI Powered

Latest Stories

Freight broker ArcBest joins TriumphPay financial network

Move will enhance payment security in transportation and logistics, partners say.

arcbest Screenshot 2024-08-06 at 3.03.28 PM.jpg

The logistics payments process could soon get more efficient for some users, as Texas-based payments network provider TriumphPay said that freight broker ArcBest had joined its platform.

According to ArcBest, the move will let it better serve carriers, improve operational efficiency, and enhance payment security in transportation and logistics.


“Our carrier network is essential in delivering top-tier service to our customers, and we value the collaborative relationships we have with them. Carriers depend on us to pay them quickly and efficiently, and TriumphPay’s payment system enables us to meet these expectations,” Steven Leonard, chief commercial officer and president of asset-light logistics at ArcBest, said in a release. “Providing enhanced visibility into payment status and a faster, more secure payment process strengthens our position as a preferred partner for carriers in our network.”

TriumphPay says its transportation payments network offers a secure network for presentment, audit, and payment of transportation invoices. Other recent transportation sector firms to join the network include C.H. Robinson, Coyote Logistics, and Knight-Swift.




 

 

 

The Latest

More Stories

Image of earth made of sculpted paper, surrounded by trees and green

Creating a sustainability roadmap for the apparel industry: interview with Michael Sadowski

Michael Sadowski
Michael Sadowski

Most of the apparel sold in North America is manufactured in Asia, meaning the finished goods travel long distances to reach end markets, with all the associated greenhouse gas emissions. On top of that, apparel manufacturing itself requires a significant amount of energy, water, and raw materials like cotton. Overall, the production of apparel is responsible for about 2% of the world’s total greenhouse gas emissions, according to a report titled

Taking Stock of Progress Against the Roadmap to Net Zeroby the Apparel Impact Institute. Founded in 2017, the Apparel Impact Institute is an organization dedicated to identifying, funding, and then scaling solutions aimed at reducing the carbon emissions and other environmental impacts of the apparel and textile industries.

Keep ReadingShow less

Featured

xeneta air-freight.jpeg

Air cargo carriers enjoy 24% rise in average spot rates

The global air cargo market’s hot summer of double-digit demand growth continued in August with average spot rates showing their largest year-on-year jump with a 24% increase, according to the latest weekly analysis by Xeneta.

Xeneta cited two reasons to explain the increase. First, Global average air cargo spot rates reached $2.68 per kg in August due to continuing supply and demand imbalance. That came as August's global cargo supply grew at its slowest ratio in 2024 to-date at 2% year-on-year, while global cargo demand continued its double-digit growth, rising +11%.

Keep ReadingShow less
seegrid CR1_Renders_1-2_11zon.png

Seegrid lands $50 million backing for autonomous lift trucks

Seegrid Corp., which makes autonomous mobile robots (AMRs) for pallet material handling, has landed $50 million in new financial backing to accelerate its autonomous lift truck initiatives, which are generating more growth than expected, the company said today.

“Unrelenting labor shortages and wage inflation, accompanied by increasing consumer demand, are driving rapid market adoption of autonomous technologies in manufacturing, warehousing, and logistics,” Seegrid CEO and President Joe Pajer said in a release. “This is particularly true in the area of palletized material flows; areas that are addressed by Seegrid’s autonomous tow tractors and lift trucks. This segment of the market is just now ‘coming into its own,’ and Seegrid is a clear leader.”

Keep ReadingShow less
littler Screenshot 2024-09-04 at 2.59.02 PM.png

Congressional gridlock and election outcomes complicate search for labor

Worker shortages remain a persistent challenge for U.S. employers, even as labor force participation for prime-age workers continues to increase, according to an industry report from labor law firm Littler Mendelson P.C.

The report cites data showing that there are approximately 1.7 million workers missing from the post-pandemic workforce and that 38% of small firms are unable to fill open positions. At the same time, the “skills gap” in the workforce is accelerating as automation and AI create significant shifts in how work is performed.

Keep ReadingShow less
stax PR_13August2024-NEW.jpg

Toyota picks vendor to control smokestack emissions from its ro-ro ships

Stax Engineering, the venture-backed startup that provides smokestack emissions reduction services for maritime ships, will service all vessels from Toyota Motor North America Inc. visiting the Toyota Berth at the Port of Long Beach, according to a new five-year deal announced today.

Beginning in 2025 to coincide with new California Air Resources Board (CARB) standards, STAX will become the first and only emissions control provider to service roll-on/roll-off (ro-ros) vessels in the state of California, the company said.

Keep ReadingShow less