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Tag: logistics

  • Mystery Blasts Rock Russia-Linked Oil Tankers Off Turkey’s Coast

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    Explosions rocked two tankers sanctioned for carrying Russian oil, the latest in a spate of blasts on such vessels, sparking a rescue operation off Turkey’s Black Sea coast.

    The 900-foot Kairos was en route from Egypt to Russia when it suffered a blast and caught fire, according to Turkish authorities. Emergency response vessels managed to evacuate its 25 crew members. Meanwhile, the 820-foot Virat began spewing heavy smoke from its engine room after being hit at a point farther east along the coast. The 20 personnel on board were in good condition, authorities said.

    Copyright ©2025 Dow Jones & Company, Inc. All Rights Reserved. 87990cbe856818d5eddac44c7b1cdeb8

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    Georgi Kantchev

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  • Opinion | Trump Says Arms Are Going to Taiwan

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    One of the biggest questions in global affairs is whether President Trump is chasing a grand bargain with Beijing’s Xi Jinping—and at what cost to the United States. So it’s good news that the Administration is showing that America won’t be bullied from defending its Pacific interests, with an arms sale to our friends in Taiwan.

    The Defense Security Cooperation Agency has notified Congress of a $330 million potential arms sale for the island democracy. Items include spare parts for fighter jets and transport aircraft, as well as U.S. technical and logistics support. But more important than the details is that this marks the Administration’s first sale to Taiwan in Mr. Trump’s second term. Rumors had spread this year that Mr. Trump was withholding arms for Taiwan as he wooed Mr. Xi on a trade deal.

    Copyright ©2025 Dow Jones & Company, Inc. All Rights Reserved. 87990cbe856818d5eddac44c7b1cdeb8

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    The Editorial Board

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  • Iran Seizes Fuel Tanker in Middle East Waterway

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    Iran seized a Cyprus-registered fuel tanker Friday, its first such interdiction in the Strait of Hormuz in more than a year.

    The seizure of the tanker Talara, which was carrying diesel fuel from the United Arab Emirates to Singapore, comes amid a still unresolved standoff between Tehran and the West over Iran’s nuclear program.

    Copyright ©2025 Dow Jones & Company, Inc. All Rights Reserved. 87990cbe856818d5eddac44c7b1cdeb8

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    Benoit Faucon

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  • ICE Wants to Build a Shadow Deportation Network in Texas

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    US Immigration and Customs Enforcement is exploring plans to launch a privately-run, statewide transportation system in Texas. The agency envisions a nonstop operation, funneling immigrants detained in 254 counties into ICE facilities and staging locations across the state.

    Early planning documents reviewed by WIRED describe a statewide transport grid designed for steady detainee transfers across Texas, with ICE estimating each trip to average 100 miles. Every county would have its own small, around-the-clock team of contractors collecting immigrants from local authorities deputized by ICE. It is a subtle transfer of the physical custody process into the hands of a private security firm—authorized to carry firearms and perform transport duties “in any and all local, county, state, and ICE locations.”

    The proposal emerges amid the Trump administration’s renewed campaign to expand interior immigration enforcement. Over the past year, the Department of Homeland Security, which oversees ICE, has poured billions into detention contracts, reactivated cross-deputation agreements with local police, and directed ICE to scale up removals inside the US. The plan fits neatly into that strategy; a logistical framework for a system built to move detainees faster and farther, with fewer federal agents ever seen in public.

    The proposed system surfaced this week after ICE issued a market probe titled “Transportation Support for Texas.” The listing includes draft operational requirements outlining staffing levels, vehicle readiness rates, and response times, along with detailed questions for vendors about cost structures, regional coverage, and command-and-control capabilities.

    According to the document, ICE envisions 254 transport hubs statewide—one for each Texas county—each staffed continuously by two armed contractor personnel. Vehicles must be able to respond within 30 minutes, maintaining an 80-percent readiness rate across three daily shifts. ICE’s staffing model adds a 50-percent cushion for leave and turnover, raising staffing needs by half over the baseline necessary to keep the system running uninterrupted.

    WIRED calculates this would require more than 2,000 full-time personnel, in addition to a fleet of hundreds of SUVs roving the state at all hours.

    DHS did not immediately respond to a request for comment.

    What the plan describes, in essence, is a shadow logistics network built on agreements with local police departments under the 287(g) program. These once symbolic gestures of cooperation are today a pipeline for real-time biometric checks and arrest notifications. Transportation is merely the next logical step. For ICE, it will create a closed loop: Local authorities apprehend immigrants. Private contractors deliver them to either a local jail (paid to house detainees) or a detention site run by a private corporation. The plan even specifies that contractors must maintain their own dispatch and command-and-control systems to manage movements statewide.

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    Dell Cameron

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  • “I Sweated So Much I Never Needed to Pee”: Life in China’s Relentless Gig Economy

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    “Often, sweat was dripping down my back within the first two hours of a shift and would not stop dripping until the next morning,” writes Hu Anyan in the new English translation of his bestselling book I Deliver Parcels in Beijing. “I sweated so much I never once needed to pee.” This passage was on my mind as I read his book in Tianjin during one hot, Labubu brainrot summer, during which yet another unprecedented annual heat wave had forced almost everyone inside—except for the tireless couriers and delivery workers, whose services are in higher demand when temperatures soar.

    Courtesy of Astra House

    Hu’s writing first went viral in China five years ago, and he’s now a prolific, established author in the country. While his other books, like Living in Low Places, are more about his internal life, I Deliver Parcels in Beijing is a focused, refreshing, on-the-ground account of nearly a decade of work, set against the slow simmering background of China’s economic rise. In addition to his stint as a courier in Beijing, Hu also recounts his adventures opening a small snack shop, his time working as a bicycle store clerk, and his brief stint as a Taobao seller. Hu’s minimal, hypnotic prose reveals the perverse beauty of tireless endurance in an increasingly precarious economy.

    When people outside China read about it, it can be easy to imbue the place with a foreign otherness, as if only Chinese people are capable of working around the clock in mind-numbing conditions. Some of Hu’s earlier jobs, such as running an ecommerce shop during the “golden age of Taobao,” or the frantic energy of parcel sorting do speak to the particularly Chinese context of a rapidly developing economy. Yet other elements, like the punishing precarity, the ways profit pressures twist work relationships, or the mundane angst of labor, will all be quite familiar to an American reader these days. Hu’s direct writing style lays bare how toiling in a logistics warehouse, whether in Luoheng or Emeryville, are similar: the night shifts, a drink after work, petty arguments and factions, stuffing items into polypropylene bags.

    Hu recently spoke to WIRED about his journey to becoming an internationally acclaimed writer, Gen-Z and tangping (lying flat) culture, and his vision of work and freedom.

    Did working as a courier offer you flexibility to earn money while being a writer?

    Hu Anyan: My writing and logistics work didn’t happen simultaneously. For example, when I was delivering packages in Beijing or doing the night shift sorting parcels in Guangdong, I wasn’t writing. I wasn’t even reading, and after work I had to decompress. In my book, when I talked about the period when I read James Joyce’s Ulysses and Robert Musil’s The Man Without Qualities, that was actually a special circumstance. At that time, our company was already in the final preparations for ceasing operations, so every day, by one or two in the afternoon, we’d already finished delivering all the goods.

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    Xiaowei R. Wang

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  • How Customs Brokers Are Using AI to Cut Tariff Costs

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    Both before and since President Donald Trump cemented the details of his sweeping import tariffs in August, U.S. businesses have scrambled to find ways to limit the considerable cost increases attributed to the duties. Those levies have jacked up prices on finished imported products and materials, prompting companies turn to businesses developing specialized artificial intelligence (AI) tools that permit importers to keep pace with complex and shifting rules and rates — and reduce their impact on bottom lines.

    While the new tariffs generated extra costs and considerable uncertainty for most companies, they’re a growth driver for logistics and customs brokerage businesses. That’s particularly true for relatively young and innovative startups in the sector. They’re now fielding a surge of requests for help from existing and prospective customers not seen since a pandemic-era spike in demand. Increasingly, those and other enterprises are offering specialized AI solutions to analyze the shifting details effecting importing costs — and help clients navigate those and gain insights about their best choices for the future.

    Flexport, a San Francisco freight forwarding startup and a 2022 Inc. Best in Business honoree, this week released a slate of AI tools that automate and analyze import data, and allow users to select the best options for their near and long term future. According to a recent Wall Street Journal report on the product launch, the new apps “help retailers and manufacturers comply with rapidly changing tariff policies,” and “analyze customs filings for errors and compliance risks, and that identify ways of reducing future duties.”

    The growing selection of AI-powered tech tools focus on dealing with tariff costs and compliance is as diverse as they are powerful. They optimize the timing departures and arrivals of shipments to benefit from lower transport and duty rates, and identify new suppliers in countries that face lower customs duties. Some are so granular they can audit a customer’s machinery and other assets, and identify internal parts that can be replaced with compatible alternatives with lighter levies.

    Chicago-based FourKites and New York-based Altana go even farther. Each of those startups create a digital twin of a customer’s supply chain, orders, inventory, and shipments en route. They then use that data to generate real-time risk analyses and recommendations for better and cheaper alternatives — both before and after tariffs are applied.

    On the in-house side, Salesforce released a new AI agent earlier this year that client businesses can give to their own customs specialists. The automated tech allows those experts to keep track of and respond to the frequent changes to the tens of thousand import classifications and codes applicable to individual products. Those include raw supplies like steel and lumber, as well as goods assembled from a wide variety of tariff-affected materials.

    Whether that AI tech focuses on specific areas of importing and tariffs, or provides a wider range of ways to assist importers, their objectives generally cover similar ground. That usually means optimizing procurement, automating product classification analysis, and ensuring compliance with U.S. Customs rules.

    They also forecast a company’s developing demand for imports, then simulate freight rates for various dates to limit transport costs. Their automated preparation of customs forms using updated official rules decreases the risks of errors that can stick companies with higher duties, while speeding the clearance of shipments once they arrive.

    Why should smaller businesses consider paying for AI tools to improve their supply chains and minimize the additional costs tariffs create? Because some companies risk spending even more if they don’t get that help.

    According to a recent Reuters report, many legacy players in the roughly $5 billion U.S. customs brokerage industry are increasing the $4 to $7 fees they previously charged for every code number corresponding to imported products they declare for customers. The new hikes tend to add from $1 to $5 per code, with international logistic giants like UPS, FedEx, and DHL similarly increasing rates.

    At the same time, all those businesses are also reinforcing their teams overseeing U.S. customs processing in response to higher demand, and updating their computer systems. Those investments are almost certain to be passed along to importing customers in the final bill they pay, further bloating the costs of tariffs.

    Consequently, using AI to automate, oversee, and respond to frequently changing customs rules — and improve importers’ supply chain strategies in the process — may turn out to be the most productive and cost-effective choice for many businesses.

    That same conclusion by a growing number of companies has allowed Flexports to already double its 2024 gross profit from customs brokerage this year, the Journal said. That’s expected to rise even higher in 2026.

    “It’s become very complicated to calculate tariffs… (and) we hear a lot about the need for good tools to calculate this stuff” Flexport founder and chief executive Ryan Petersen told the paper. “There’s a real big role for technology in this.”

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    Bruce Crumley

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  • China Adds Hanwha Ocean’s Units to Sanctions List

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    Hanwha Ocean’s 042660 -5.76%decrease; red down pointing triangle shares slid Tuesday after Beijing added five of the South Korean shipbuilder’s subsidiaries to a sanctions list over their alleged role in a U.S. probe into the Chinese shipping industry.

    The stock plunged as much as 9% before paring losses. It closed 5.8% lower at 103,100 won, equivalent to $72.28, compared with the benchmark Kospi’s 0.6% fall.

    Copyright ©2025 Dow Jones & Company, Inc. All Rights Reserved. 87990cbe856818d5eddac44c7b1cdeb8

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    Kwanwoo Jun

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  • Inside the West’s Race to Defend the Arctic

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    ABOARD THE MV NUNALIK—Greenland lurked in the distance as Capt. Donald Gibson rushed to the bridge of his cargo ship amid a sudden Arctic storm. Snow lashed against the pilothouse windows while he and his crew struggled to control the vessel and steer clear of icebergs.

    Down in the ship’s hold was construction material needed to upgrade the northernmost military outpost, a Canadian spy station providing crucial intelligence on Russia’s military.

    Copyright ©2025 Dow Jones & Company, Inc. All Rights Reserved. 87990cbe856818d5eddac44c7b1cdeb8

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    Sune Engel Rasmussen

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  • Gorton’s opens Indiana plant

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    To meet growing demand for its products, Gloucester-based Gorton’s Seafood has opened a new seafood processing facility in Lebanon, Indiana.

    Gorton’s, a subsidiary of Nissui Group of Japan, invested an estimated $89.3 million to build the plant in the Lebanon Business Park on the city’s southwest side, company officials said previously.


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    By Times Staff

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  • Munich Airport Pauses Flights After Latest Europe Drone Sighting

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    Germany’s Munich Airport grounded flights overnight after several drone sightings, the latest in a string of interruptions in European airspace that have spurred NATO members to retune defenses. The airport reopened and flights resumed on Friday morning.

    Air traffic was suspended Thursday night after the drones were spotted, grounding 17 departing flights and affecting nearly 3,000 passengers, the airport said. Additionally, 15 incoming flights were diverted to other airports in Germany and Austria. 

    Copyright ©2025 Dow Jones & Company, Inc. All Rights Reserved. 87990cbe856818d5eddac44c7b1cdeb8

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    Joyu Wang

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  • Amazon Is Finally Let Users Add More Items to Upcoming Deliveries

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    Amazon is making it easier than ever to keep shopping after you’ve already checked out. A new feature lets users add extra items onto upcoming deliveries instead of starting a whole new order.

    Say you forgot to add eggs to your grocery cart or you realize an hour later that you are running low on toilet paper, now you can drop those last-minute items into your order before it ships with no need to go through checkout again.

    The e-commerce giant announced the feature today, calling it “Add to Delivery.” With a single tap, shoppers can add eligible items to their next scheduled delivery.

    Add to Delivery follows a long line of options the company has rolled out over the years to make shopping feel more flexible. Amazon Day lets users choose a specific weekday for all their packages to arrive at once. No-Rush Shipping, meanwhile, nudges shoppers to slow down their orders in exchange for discounts or credits that can be spent on digital goods like eBooks, movies, and apps.

    By contrast, Add to Delivery goes in the opposite direction, allowing users to buy more things and get them faster.

    It also comes as Amazon keeps upgrading its shipping machine. In August, the company expanded same-day grocery delivery to 2,000 U.S. cities, covering perishables like milk, meat, and seafood. That feat is powered by the logistics muscle Amazon has been building since it launched same-day delivery in 2015. For fresh groceries, the company relies on a network of temperature-controlled facilities designed to keep food safe in transit.

    How Add to Delivery works

    When users browse the Amazon Shopping app or Amazon.com on mobile, eligible items will now show a bright blue “Add to Delivery” button right on the product page.

    “If we can still add to your delivery that’s arriving later today or tomorrow, you’ll see the Add to Delivery option as you shop, and with one tap you’ll be done,” the company said in a press release.

    Tapping the button instantly adds the item to the next scheduled delivery. If a user hits the button by mistake or just changes their mind, there’s also an “Undo” option to remove an item.

    Items available for Add to Delivery include pantry staples, pet toys, electronics, clothes, and books.

    For now, Add to Delivery is exclusively available to U.S. Prime members.

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    Bruce Gil

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  • France Detains Russian ‘Shadow Fleet’ Tanker Suspected in Drone Attack

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    PARIS—French authorities detained crew members of a tanker carrying Russian crude oil and are investigating whether it played a role in last week’s drone incursions in Denmark.

    French soldiers boarded the tanker, which is under Western sanctions, as it was en route to India from Russia’s Baltic Sea port of Primorsk. The vessel was traveling south through the Bay of Biscay when it turned east and headed toward Saint-Nazaire, home to Europe’s largest shipyard, according to the ship-tracking service Kpler. Authorities took the tanker’s captain and second-in-command into custody.

    Copyright ©2025 Dow Jones & Company, Inc. All Rights Reserved. 87990cbe856818d5eddac44c7b1cdeb8

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    Matthew Dalton

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  • The Art of Preparedness: The Frontline of Fine Art Logistics During Hurricane Season

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    True resilience in fine art logistics depends on infrastructure, planning and people working in concert. Jeffrey Greenberg/Universal Images Group via Getty Images

    Hurricane season is an annual reminder to South Florida that nature sets its own terms. For most people, preparedness means stocking up on batteries and bottled water. In fine art logistics, it means something more: safeguarding irreplaceable cultural treasures against storms that are growing stronger and less predictable, every year. With nearly two decades in this industry, disaster preparedness has transformed from a seasonal ritual into a year-round mandate. In today’s climate—both meteorological and cultural—that evolution is not just welcome. It is essential.

    Hurricanes as cultural risk

    Miami has long lived with the spectre of hurricanes. But in recent years, the storms that make landfall are not only more frequent; they are more severe, often bringing Category 4 or 5 winds and devastating storm surges. For private collectors, museums and other institutions, this raises urgent questions. How do you protect a Picasso or a site-specific installation against a natural disaster? How do you secure works that were never intended to withstand 150-mile-per-hour winds or days without power?

    The answer begins with recognizing that preparedness isn’t about reacting when a storm appears on the radar. It’s about embedding resilience into every layer of planning, from infrastructure to people.

    Beyond four walls

    At Gander & White’s new bespoke facility in Miami, which opened in August, reinforced storage was built to ensure all contents are protected from extreme weather. But bricks and steel alone are not enough. True preparedness rests on protocols for emergency communication, detailed inventory management and pre-established evacuation or relocation procedures.

    The art world is increasingly taking notice. Florida institutions are incorporating storm-resistant engineering into new builds and retrofits. Meanwhile, broader strategies have emerged that stretch beyond Miami to New York and other hubs now facing climate stress. Floods in the Northeast, heatwaves in the West and wildfires in California all underscore that disaster preparedness is no longer a South Florida problem. It is a global art world issue.

    People make the plan

    Even the strongest infrastructure and most detailed manuals will fall short if the people behind them are unprepared. At Gander & White Miami’s office, we keep what we call “the problem solver table”—a space where the team brings forward challenges and solutions. This practice reflects something central to fine art logistics: training and decision-making under pressure. When storms threaten, there is no room for improvisation. Every action must flow from prior preparation and shared understanding.

    Whether it’s relocating select works, updating documentation or confirming storage conditions, these steps not only protect collections but also provide peace of mind to insurers. And in a world where insurability is increasingly fragile, that matters more than ever. After the 2024 California wildfires, some collectors faced cancelled coverage or steep premium hikes, a cautionary tale that resonates well beyond the West Coast.

    The value of foresight

    One principle stands out in art logistics: proactivity over reactivity. Panicked, last-minute decisions—whether moving too quickly or improvising under stress—rarely end well. Effective preparedness is measured and anchored in foresight.

    Consider the difference between scrambling to pack and relocate works 24 hours before landfall versus executing a phased plan developed months in advance. In one case, risks compound: staff fatigue, transport bottlenecks and inadequate packing. In the other, logistics flow with precision, protecting not just the works but also the people tasked with safeguarding them. Preparedness is also about knowing when not to act. Sometimes the safest course is to leave a piece secured on site with a custom-made hurricane bonnet rather than risk damage during hurried transit. Wisdom lies not in doing everything, but in doing the right things at the right time.

    A shared responsibility

    The conversation about disaster resilience often gets siloed: institutions versus private collectors, galleries versus logistics providers. But the truth is that preparedness is a shared responsibility across the entire art ecosystem. The collector who invests in climate-resistant storage, the curator who maintains detailed condition reports, the logistics team that drills emergency protocols—all play interconnected roles.

    As global temperatures rise, the line between “hurricane season” and “disaster season” blurs. Floods, fires and heatwaves increasingly overlap with what once were regional threats. The art world, with its global circulation of works, must adapt accordingly. A painting flown from Miami to San Francisco may encounter vastly different climate risks at each stage of its journey. Resilience, therefore, is not just local but transnational.

    Moving forward

    As extreme weather becomes ever more extreme, the question for everyone involved in the stewardship of art is simple yet urgent: are we ready? Preparedness can no longer be framed as optional, or even as a competitive advantage. It is our most powerful safeguard, protecting not only material assets but also the cultural memory entrusted to us. Hurricanes, floods and fires will come and go. The true test is whether the art—and the stories it carries—endure.

    Preparedness is an art form in itself. And like all art, it demands vision, discipline and collective commitment.

    The Art of Preparedness: The Frontline of Fine Art Logistics During Hurricane Season

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    Joe Piotrowski

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  • Denmark Says New Drone Flights Over Military Base, Airports Are ‘Hybrid Attack’

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    Denmark said it had suffered a hybrid attack by a professional actor after drones were observed over several airports late on Wednesday, the second time in less than a week that unmanned aircraft have disrupted air traffic in the Nordic nation, a NATO member.

    Drones were spotted over at least four airports in the western part of the country, including a military air base housing most of Denmark’s F-16 and F-35 jet fighters. 

    Copyright ©2025 Dow Jones & Company, Inc. All Rights Reserved. 87990cbe856818d5eddac44c7b1cdeb8

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    Sune Engel Rasmussen

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  • Truck Haters Expands Into Georgia, Bringing Wholesale Tire Pricing to Shops and Fleets

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    New Atlanta-area facility offers shops and fleets access to top tire brands at unbeatable wholesale prices.

    Truck Haters, a leading name in fleet tire sales and service, is proud to announce the opening of its newest location in Atlanta, Georgia, expanding its reach and delivering unmatched value to the Southeast trucking community.

    The new facility will provide shops and fleets across Georgia with access to a wide selection of premium tires at wholesale prices, featuring trusted brands including Michelin, Bridgestone, Firestone, Yokohama, Double Coin, VGlory, and DRC.

    “Our mission has always been simple: keep fleets moving with reliable tires at prices that make sense for businesses,” said Paul Mark, CEO and Founder of Truck Haters. “Expanding into Georgia allows us to bring that same commitment to one of the nation’s most vital trucking corridors. We’re here to serve shops and fleets with honesty, quality, and pricing that helps them grow.”

    Truck Haters’ new Atlanta-area location is open and ready to serve, offering direct access to wholesale tire pricing without the unnecessary markups that often burden fleets and independent shops.

    Atlanta Location Contact
    7435 Factory Shoals Rd
    Austell, GA 30168
    Phone: +1 (708) 654-8379

    With this expansion, Truck Haters continues its mission of delivering value, convenience, and reliability to trucking businesses nationwide.

    For more information about Truck Haters and wholesale tire programs, please visit www.truckhaters.com.

    Source: Truck Haters

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  • The Duty-Free Loophole Is Closing. What That Means for You—and Your Packages

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    Want to buy something online and have it shipped into the US? Well, get ready to pay more for the privilege. Starting Friday, small packages imported into the country will be subjected to a duty.

    The Trump administration is levying a new tax on all packages coming into the country—regardless of value—starting August 29. This is the latest push in President Trump’s global trade war.

    The new policy is the result of an executive order issued in July that officially suspended the de minimis import exemption for all countries. Previously this exemption allowed shipments valued at less than $800 to enter the country without being subjected to a duty fee. The change means any seller shipping packages into the US will now be charged a fee even if the value is well under $800.

    The fee amount for imports varies depending on the tariff rate the Trump administration has levied on the shipment’s specific country of origin. This fee can range from 10 to 50 percent of the item’s value. For at least the next six months, shippers can also choose to pay a flat fee instead of the new value-based duty, and that fee will be anywhere between $80 and $200 per shipment.

    Lots of people are freaking out about this. Postal services in Europe, Mexico, and Japan, along with companies like DHL have said they will suspend shipments to the US. Independent sellers on platforms like Etsy are worrying that the additional costs will make it pricier to ship their bespoke goods. And, like the tariff shuffles earlier this year, the move has caused further chaos for merchants and supply chains as sellers consider how much more to charge going forward.

    “There’s obviously going to be some sort of a balancing act of not trying to raise prices quickly to avoid shocking consumers,” says Juozas Kaziukėnas, a technology analyst who focuses on global trade and services like Temu and Shein. “There’s really no way to get around it.”

    Gift It

    If you’re not selling something and just want to send a package across country lines, you can still declare the item a gift. If you’re using a service like Royal Mail in the UK, the package will avoid the new costs if you classify it as a gift and declare the value to be under $100.

    Declaring something a gift is not exactly a winning strategy for businesses or Etsy sellers, though, as it would be seen as an effort to wriggle out of the increased cost.

    “Catching tariff avoidance is probably one of the top priorities for the DOJ right now,” Kaziukėnas says. “It’s not something you want to mess around with.”

    Sellers Beware

    While there has been a lot of consternation about tariffs this year, Kaziukėnas says most of the chaos and upheaval has been felt by the sellers. The new fees are also likely to hit independent sellers harder, since their smaller sales volumes makes it more difficult for them to absorb the added costs.

    “Things you would buy on eBay, things you would buy on Etsy, random things from Japan or random things from somewhere in Portugal, those are now uniquely exposed to this change.” Kaziukėnas says.

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    Boone Ashworth

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  • Optimal Dynamics Raises $40M Series C to Scale the Decision Layer of Logistics

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    Koch’s Venture Capital Group, Koch Disruptive Technologies, Leads Investment to Accelerate Industry-Wide Shift Toward Automated, Intelligent Freight Decisions

    Optimal Dynamics, the leader in artificial decision intelligence for trucking companies, announced a $40 million Series C financing round led by Koch Disruptive Technologies. This significant investment underscores Optimal Dynamics’ bold vision to fundamentally reshape decision-making across the trucking industry by building the first-ever autonomous decision layer of logistics.

    This investment comes after KBX Logistics, a Koch company and global transportation leader, and Optimal Dynamics partnered earlier in the year. KBX Logistics’ rigorous selection process reinforced Optimal Dynamics’ platform as a key differentiator capable of driving significant operational and financial performance gains, further underscoring Optimal Dynamics’ unique capability to automate and optimize complex logistics operations at scale.

    “Optimal Dynamics stands apart because it isn’t merely automating existing processes – it is redefining them,” said Byron Knight, President at Koch Disruptive Technologies. “In today’s uncertain freight environment, the clarity, efficiency, and profitability that Optimal Dynamics brings are essential. We see Optimal Dynamics as a vital platform for logistics businesses aiming to excel in the coming decade.”

    Born from four decades of groundbreaking optimization research at Princeton University, Optimal Dynamics leverages advanced artificial intelligence to transform how trucking fleets and logistics providers make strategic, tactical, and real-time decisions. Optimal Dynamics delivers the industry’s only platform capable of true automation of operational planning. By reducing manual planning effort by over 80%, businesses can streamline operations, redefine roles, and focus on strategic initiatives and customer relationships. This unprecedented level of automation results in greater operational agility, increased profitability, and a decisive competitive edge.

    “Optimal Dynamics is the critical decision-making engine logistics has been missing,” said Daniel Powell, CEO of Optimal Dynamics. “This investment empowers us to deliver transformative outcomes at an industry-wide scale, helping transportation companies achieve levels of decision-making efficiency previously unattainable.”

    The investment comes after a year of record-breaking performance, during which Optimal Dynamics doubled both revenue and customer count while completing major infrastructure enhancements designed to support sustainable growth.

    Today, industry leaders such as CRST, D.M. Bowman, Halvor Lines, KBX Logistics, Leonard’s Express, and Uber Freight use Optimal Dynamics’ platform to achieve smarter business modeling, proactive load planning, and dynamic dispatching. Through improved decisions via automation, customers have realized substantial operational improvements, including an average increase of 17%-24% in weekly revenue per truck, and elevated customer and driver satisfaction.

    “This funding is a significant vote of confidence in our platform and vision,” said Scott Kenerly, CFO of Optimal Dynamics. “We’ve demonstrated real impact in trucking – solving critical, high-scale planning challenges – and are now building the foundational decision layer for logistics at large. Backing from one of the country’s largest and most respected industrial players validates both our market position today and the path ahead.”

    This new capital infusion will help accelerate Optimal Dynamics’ expansion of its platform capabilities, and scale product, support, and sales teams to meet surging demand for decision automation in logistics.

    About Optimal Dynamics

    Optimal Dynamics provides the decision intelligence layer that powers logistics transformation. Born out of 40 years of research at Princeton University, Optimal Dynamics leverages proprietary artificial intelligence technology to automate, optimize, and radically improve decision-making across trucking and transportation operations. Headquartered in New York City, Optimal Dynamics is backed by marquee investors including Koch Disruptive Technologies, Bessemer Venture Partners, The Westly Group, and Activate Capital. Learn more at www.optimaldynamics.com.

    About Koch Disruptive Technologies

    Koch Disruptive Technologies is a venture capital firm, partnering with principled entrepreneurs who are building high-growth companies that have the potential to transform industries. KDT has a flexible mandate to make investments at any stage of a company’s life cycle from seed to late-stage growth. KDT is a Koch company, one of the largest privately held companies in the world with annual revenues that have exceeded $125 billion and operations in more than 50 countries. KDT helps its partners unlock their full potential by bringing Koch’s capabilities and network to them, structuring unique capital solutions, and embracing a long-term, mutual benefit mindset. For more information, visit www.koch disruptive technologies.com.

    Contact Information

    Erica Frank
    VP of Marketing
    efrank@optimaldynamics.com
    917-382-4431

    Source: Optimal Dynamics

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  • CCAA Court Approves Sale of Pride Group Logistics

    CCAA Court Approves Sale of Pride Group Logistics

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    Pride Group Logistics Ltd. (“Pride Group Logistics”) today provided an update on its proceedings under the Companies’ Creditors Arrangement Act (the “CCAA”). Pride Group Logistics is pleased to announce that the Ontario Superior Court of Justice (Commercial List) (“CCAA Court”) has approved a transaction pursuant to which 1000927605 Ontario Inc. (the “Purchaser”), a special purpose entity supported by the founders of Pride Group Logistics, will acquire substantially all of the assets of Pride Group Logistics necessary to continue operating the business as a going concern (the “Transaction”) to continue to serve Pride Group Logistics customers and maintain the jobs of its over 500 employees and contractors.

    On May 15, 2024, the CCAA Court granted an order (the “SISP Order”) authorizing Pride Group Logistics to conduct, under the oversight of Ernst & Young Inc., in its capacity as court-appointed monitor (the “Monitor”), a sale and investment solicitation process (the “SISP”) for Pride Group Logistics business and assets. Pursuant to the SISP, the Purchaser’s proposal was identified as the Successful Bid (as defined in the SISP).

    The Transaction will be completed pursuant to a purchase agreement (the “Purchase Agreement”) dated Sept. 22, 2024, among the Purchaser, Pride Group Logistics and certain of its affiliates as vendors. 

    Pursuant to the Purchase Agreement, the Purchaser will:

    • acquire substantially all of the assets of Pride Group Logistics’ business, including but not limited to the fleet of Pride Group Logistics vehicles, related equipment and inventory, all intangible assets, accounts receivable, cash, cash equivalents and prepaid expenses;
    • assume Pride Group Logistics licenses and operating permits, subject to regulatory approval;
    • acquire all intellectual property and goodwill of Pride Group Logistics, including ownership of all related names and trademarks;
    • assume contracts of Pride Group Logistics and its affiliates critical to the business; 
    • acquire ownership of Pride Global Insurance Company Ltd.; and
    • retain an option to acquire certain leasehold real property ancillary to the business or leases in respect thereof, subject to certain conditions.

    The CCAA Court has approved the Successful Bid and granted authority to the Monitor to consummate the Transaction contemplated therein pursuant to the terms of an approval and vesting order (“AVO”) to be issued by the CCAA Court in respect of the Transaction. Amongst other things, the Transaction will enable a continuity of operations of Pride Group Logistics, a critically important fulfilment business in Canada, for the benefit of its customers, suppliers, service providers, stakeholders and, most critically, its over 500 employees and contractors whose jobs will be preserved.

    The closing of the Transaction is subject to issuance of the AVO and, if needed, an order assigning the critical required contracts to the Purchaser, as well as customary closing conditions and an order of the U.S. Bankruptcy Court recognizing the approval of the Transaction. The Transaction is expected to close on or about Oct. 16, 2024.

    Source: Pride Group Logistics

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  • The United Nations’ ambitious plan to vaccinate Gaza against polio

    The United Nations’ ambitious plan to vaccinate Gaza against polio

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    The United Nations health agency and partners are launching a campaign starting Sunday to vaccinate 640,000 Palestinian children in Gaza against polio, an ambitious effort amid a devastating war that has destroyed the territory’s health care system.Related video above: 6 Israeli hostages’ bodies recovered amid Blinken’s ceasefire effortsThe campaign comes after the first polio case was reported in Gaza in 25 years — a 10-month-old boy, now paralyzed in the leg. The World Health Organization says the presence of a paralysis case indicates there could be hundreds more who have been infected but aren’t showing symptoms.Most people who have polio do not experience symptoms and those who do usually recover in a week or so. But there is no cure, and when polio causes paralysis, it is usually permanent. If the paralysis affects breathing muscles, the disease can be fatal.The vaccination effort will not be easy: Gaza’s roads are largely destroyed, its hospitals badly damaged, and its population spread into isolated pockets.WHO said Thursday that it has reached an agreement with Israel for limited pauses in the fighting to allow for the vaccination campaign to take place. Even so, such a large-scale campaign will pose major difficulties in a territory blanketed in rubble, where 90% of Palestinians are displaced.How long will it take?The three-day vaccination campaign in central Gaza will begin Sunday, during a “humanitarian pause” lasting from 6 a.m. until 3 p.m., and another day can be added if needed, said Dr. Rik Peeperkorn, WHO’s representative in the Palestinian territories.In coordination with Israeli authorities, the effort will then move to southern Gaza and northern Gaza during similar pauses, he said during a news conference by video from Deir al-Balah in central Gaza.Who will receive the vaccine?The vaccination campaign targets 640,000 children under 10, according to WHO. Each child will receive two drops of oral polio vaccine in two rounds, the second to be administered four weeks after the first.Where are the vaccination sites?The vaccination sites span Gaza, both inside and outside Israeli evacuation zones, from Rafah in the south to the northern reaches of the territory.The Ramallah-based Health Ministry said Friday that there would be over 400 “fixed” vaccination sites — the most in Khan Younis, where the population density is the highest and there are 239,300 children under 10. Fixed sites include health care centers, hospitals, clinics and field hospitals.Elsewhere in the territory, there will also be around 230 “outreach” sites — community gathering points that are not traditional medical centers — where vaccines will be distributed.Where are the vaccines now?Around 1.3 million doses of the vaccine traveled through the Kerem Shalom checkpoint and are currently being held in “cold-chain storage” in a warehouse in Deir al-Balah. That means the warehouse is able to maintain the correct temperature so the vaccines do not lose their potency.Another shipment of 400,000 doses is set to be delivered to Gaza soon.The vaccines will be trucked to distribution sites by a team of over 2,000 medical volunteers, said Ammar Ammar, a spokesperson for UNICEF.What challenges lie ahead?Mounting any sort of campaign that requires traversing the Gaza Strip and interacting with its medical system is bound to pose difficulties.The U.N. estimates that approximately 65% of the total road network in Gaza has been damaged. Nineteen of the strip’s 36 hospitals are out of service.The north of the territory is cut off from the south, and travel between the two areas has been challenging throughout the war because of Israeli military operations. Aid groups have had to suspend trips due to security concerns, after convoys were targeted by the Israeli military.Peeperkorn said Friday that WHO cannot do house-to-house vaccinations in Gaza, as they have in other polio campaigns. When asked about the viability of the effort, Peeperkorn said WHO thinks “it is feasible if all the pieces of the puzzle are in place. “How many doses do children need and what happens if they miss a dose?The World Health Organization says children typically need about three to four doses of oral polio vaccine — two drops per dose — to be protected against polio. If they don’t receive all of the doses, they are vulnerable to infection.Doctors have previously found that children who are malnourished or who have other illnesses might need more than 10 doses of the oral polio vaccine to be fully protected.Are there side effects?Yes, but they are very rare.Billions of doses of the oral vaccine have been given to children worldwide, and it is safe and effective. But in about 1 in 2.7 million doses, the live virus in the vaccine can paralyze the child who receives the drops.How did this outbreak in Gaza start?The polio virus that triggered this latest outbreak is a mutated virus from an oral polio vaccine. The oral polio vaccine contains weakened live virus, and in very rare cases, that virus is shed by those who are vaccinated and can evolve into a new form capable of starting new epidemics.___Associated Press reporters Samy Magdy in Cairo and Maria Cheng in London contributed.

    The United Nations health agency and partners are launching a campaign starting Sunday to vaccinate 640,000 Palestinian children in Gaza against polio, an ambitious effort amid a devastating war that has destroyed the territory’s health care system.

    Related video above: 6 Israeli hostages’ bodies recovered amid Blinken’s ceasefire efforts

    The campaign comes after the first polio case was reported in Gaza in 25 years — a 10-month-old boy, now paralyzed in the leg. The World Health Organization says the presence of a paralysis case indicates there could be hundreds more who have been infected but aren’t showing symptoms.

    Most people who have polio do not experience symptoms and those who do usually recover in a week or so. But there is no cure, and when polio causes paralysis, it is usually permanent. If the paralysis affects breathing muscles, the disease can be fatal.

    The vaccination effort will not be easy: Gaza’s roads are largely destroyed, its hospitals badly damaged, and its population spread into isolated pockets.

    WHO said Thursday that it has reached an agreement with Israel for limited pauses in the fighting to allow for the vaccination campaign to take place. Even so, such a large-scale campaign will pose major difficulties in a territory blanketed in rubble, where 90% of Palestinians are displaced.

    How long will it take?

    The three-day vaccination campaign in central Gaza will begin Sunday, during a “humanitarian pause” lasting from 6 a.m. until 3 p.m., and another day can be added if needed, said Dr. Rik Peeperkorn, WHO’s representative in the Palestinian territories.

    In coordination with Israeli authorities, the effort will then move to southern Gaza and northern Gaza during similar pauses, he said during a news conference by video from Deir al-Balah in central Gaza.

    Who will receive the vaccine?

    The vaccination campaign targets 640,000 children under 10, according to WHO. Each child will receive two drops of oral polio vaccine in two rounds, the second to be administered four weeks after the first.

    Where are the vaccination sites?

    The vaccination sites span Gaza, both inside and outside Israeli evacuation zones, from Rafah in the south to the northern reaches of the territory.

    The Ramallah-based Health Ministry said Friday that there would be over 400 “fixed” vaccination sites — the most in Khan Younis, where the population density is the highest and there are 239,300 children under 10. Fixed sites include health care centers, hospitals, clinics and field hospitals.

    Elsewhere in the territory, there will also be around 230 “outreach” sites — community gathering points that are not traditional medical centers — where vaccines will be distributed.

    Where are the vaccines now?

    Around 1.3 million doses of the vaccine traveled through the Kerem Shalom checkpoint and are currently being held in “cold-chain storage” in a warehouse in Deir al-Balah. That means the warehouse is able to maintain the correct temperature so the vaccines do not lose their potency.

    Another shipment of 400,000 doses is set to be delivered to Gaza soon.

    The vaccines will be trucked to distribution sites by a team of over 2,000 medical volunteers, said Ammar Ammar, a spokesperson for UNICEF.

    What challenges lie ahead?

    Mounting any sort of campaign that requires traversing the Gaza Strip and interacting with its medical system is bound to pose difficulties.

    The U.N. estimates that approximately 65% of the total road network in Gaza has been damaged. Nineteen of the strip’s 36 hospitals are out of service.

    The north of the territory is cut off from the south, and travel between the two areas has been challenging throughout the war because of Israeli military operations. Aid groups have had to suspend trips due to security concerns, after convoys were targeted by the Israeli military.

    Peeperkorn said Friday that WHO cannot do house-to-house vaccinations in Gaza, as they have in other polio campaigns. When asked about the viability of the effort, Peeperkorn said WHO thinks “it is feasible if all the pieces of the puzzle are in place. “

    How many doses do children need and what happens if they miss a dose?

    The World Health Organization says children typically need about three to four doses of oral polio vaccine — two drops per dose — to be protected against polio. If they don’t receive all of the doses, they are vulnerable to infection.

    Doctors have previously found that children who are malnourished or who have other illnesses might need more than 10 doses of the oral polio vaccine to be fully protected.

    Are there side effects?

    Yes, but they are very rare.

    Billions of doses of the oral vaccine have been given to children worldwide, and it is safe and effective. But in about 1 in 2.7 million doses, the live virus in the vaccine can paralyze the child who receives the drops.

    How did this outbreak in Gaza start?

    The polio virus that triggered this latest outbreak is a mutated virus from an oral polio vaccine. The oral polio vaccine contains weakened live virus, and in very rare cases, that virus is shed by those who are vaccinated and can evolve into a new form capable of starting new epidemics.

    ___

    Associated Press reporters Samy Magdy in Cairo and Maria Cheng in London contributed.


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  • Optimal Dynamics Continues to Deliver Strong Operational and Growth Metrics in First Half of 2024

    Optimal Dynamics Continues to Deliver Strong Operational and Growth Metrics in First Half of 2024

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    Keen Focus on Speed-to-Value Significantly Boosts Performance for ‘The Decision Company’

    Optimal Dynamics, the pioneer in artificial decision intelligence for trucking companies, today announced impressive growth for the first half of 2024, ending July 31, driven by accelerated customer deployments, new customer acquisitions and significant operational efficiency improvements. This achievement marks a key milestone in the company’s trajectory and scalability and underscores its commitment to innovation and customer satisfaction.

    Key Highlights From First Half of Fiscal Year 2024:

    • Revenue Growth: Grew Annual Recurring Revenue by 67% year-over-year, driven by increasing demand for dispatch automation and optimization services.
    • Customer Base Expansion: Grew customer accounts by 30%, expanding its reach throughout the Top 100 For-Hire Carriers in North America, while reducing acquisition costs by 42% through increased customer referrals.
    • Product Innovation: Introduced new additions to its platform including Source, a more efficient and profitable spot freight procurement tool. Nearly 20% of customers have already added Source to their Optimal Dynamics investment. 
    • Operational Efficiency: Improved gross margin by 58% through faster deployments, infrastructure improvements and accelerated time-to-value resulting from focused process optimization.

    Dozens of the industry’s largest and best-run truckload carriers have deployed Optimal Dynamics to automate and optimize decisions across strategic planning, bidding, load allocation and dispatching. The company continues to sign on new enterprise and mid-market carriers each month including CRST, Grand Island Express, Leonard’s Express, Muñoz Trucking, Ploger Transportation, Stevens Trucking, and more. Optimal Dynamics customers have reported significant successes, such as redeploying 80% of planners away from routine tasks to high-value initiatives, and achieving 100% adoption of automated load assignment and dispatching decisions.

    “I can’t say enough about our early and fast success with Optimal Dynamics! We’re doing things in the middle of a freight recession that are unprecedented. Participation in any recession is optional and Optimal Dynamics is proving that!” — Deen Albert, VP of Operations, Grand Island Express

    “After extensive market research and vendor evaluation, we found Optimal Dynamics to have the science, the technology, and the team to transform our internal operations.” — Michael McGovern, Executive VP, Leonard’s Express

    “We are driving the first decision automation use cases in the industry. In our ongoing commitment to revolutionize logistics, Optimal Dynamics proudly embraces our new identity as ‘The Decision Company,’ reflecting our core mission to empower customers with smarter, automated decisions,” said Daniel Powell, CEO and co-founder, Optimal Dynamics. 

    Beyond expanding its roster of satisfied customers, Optimal Dynamics continues to innovate by enhancing its decision intelligence platform and developing new tools that expedite customer deployment. With the launch of Source, Optimal Dynamics ensures that spot freight selection becomes a strategic process optimized for each unique truckload network and focused on maximizing utilization and profitability. Optimal Dynamics continues to increase its average deal size as it adds additional value to the platform and proves out ROI success with speed.

    The introduction of new internal tools have led to unparalleled industry results, including reducing data mapping processes from three weeks to three hours and cutting customer deployment times from 90 days to 30 days. Optimal Dynamics’ strategic focus on data architecture and scalability has driven consistent platform usage and faster deployments, making its solutions even more valuable to customers. 

    “Our focus on operational efficiency and speed-to-value has been instrumental in driving our recent success,” said Scott Kenerly, CFO of Optimal Dynamics. “The customer feedback has been extremely positive as we work together to quickly build trust, manage internal transformation, and align on goals and reporting. We are seeing some of the highest rates of return in the shortest amounts of time for our customers.”

    This continued momentum for “The Decision Company” underscores Optimal Dynamics’ leadership in the logistics technology space, positioning the company for sustained success and market outperformance. To learn more about Optimal Dynamics, visit www.optimaldynamics.com

    Source: Optimal Dynamics

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