Skip to content
Search AI Powered

Latest Stories

Forward Thinking

Transplace and Riskpulse team up on predictive analytics

Partnership could generate savings by improving risk analytics, firms say.

Third-party logistics (3PL) provider Transplace has partnered with logistics technology vendor Riskpulse to enhance its real-time, predictive risk analytics capabilities, saying the move could bring greater predictability and optimization to the supply chain.

Frisco, Texas-based Transplace says the move will help it to further integrate machine learning and predictive analytics into its logistics management solutions. Transplace will incorporate the new capabilities into its transportation management system (TMS), using a its Transplace Control Tower to provide shippers with a comprehensive, graphical view of all shipments, while integrating weather and traffic information.


Riskplace says its technology helps customers—shippers, carriers, distributors and receivers—increase their on-time performance, reduce unnecessary freight spending, and avoid waste caused by operational variability, as well as natural, social, or infrastructure-driven disasters, the company said.

The move is Transplace's latest investment into machine learning since the company launched a partnership in February with artificial intelligence (AI) application provider Noodle.ai. Noodle has also teamed with 3PL NFI Industries, saying its technology can improve tasks from fleet maintenance and fill rate to inventory allocation.

Recent

More Stories

chart of robot adoption in factories

Global robot density in factories has doubled in 7 years

Global robot density in factories has doubled in seven years, according to the “World Robotics 2024 report,” presented by the International Federation of Robotics (IFR).

Specifically, the new global average robot density has reached a record 162 units per 10,000 employees in 2023, which is more than double the mark of 74 units measured seven years ago.

Keep ReadingShow less

Featured

person using AI at a laptop

Gartner: GenAI set to impact procurement processes

Progress in generative AI (GenAI) is poised to impact business procurement processes through advancements in three areas—agentic reasoning, multimodality, and AI agents—according to Gartner Inc.

Those functions will redefine how procurement operates and significantly impact the agendas of chief procurement officers (CPOs). And 72% of procurement leaders are already prioritizing the integration of GenAI into their strategies, thus highlighting the recognition of its potential to drive significant improvements in efficiency and effectiveness, Gartner found in a survey conducted in July, 2024, with 258 global respondents.

Keep ReadingShow less
A photo of brown paper packages tied up with shiny red ribbons.

SMEs hopeful ahead of holiday peak

Businesses are cautiously optimistic as peak holiday shipping season draws near, with many anticipating year-over-year sales increases as they continue to battle challenging supply chain conditions.

That’s according to the DHL 2024 Peak Season Shipping Survey, released today by express shipping service provider DHL Express U.S. The company surveyed small and medium-sized enterprises (SMEs) to gauge their holiday business outlook compared to last year and found that a mix of optimism and “strategic caution” prevail ahead of this year’s peak.

Keep ReadingShow less
screen shot of AI chat box

Accenture and Microsoft launch business AI unit

In a move to meet rising demand for AI transformation, Accenture and Microsoft are launching a copilot business transformation practice to help organizations reinvent their business functions with both generative and agentic AI and with Copilot technologies.


The practice consists of 5,000 professionals from Accenture and from Avanade—the consulting firm’s joint venture with Microsoft. They will be supported by Microsoft product specialists who will work closely with the Accenture Center for Advanced AI. Together, that group will collaborate on AI and Copilot agent templates, extensions, plugins, and connectors to help organizations leverage their data and gen AI to reduce costs, improve efficiencies and drive growth, they said on Thursday.

Keep ReadingShow less
holiday shopping mall

Consumer sales kept ticking in October, NRF says

Retail sales grew solidly over the past two months, demonstrating households’ capacity to spend and the strength of the economy, according to a National Retail Federation (NRF) analysis of U.S. Census Bureau data.

Census data showed that overall retail sales in October were up 0.4% seasonally adjusted month over month and up 2.8% unadjusted year over year. That compared with increases of 0.8% month over month and 2% year over year in September.

Keep ReadingShow less