Alvys has announced the close of its $40 million Series B funding round, led by RTP Global with participation from Alpha Square Group, Titanium Ventures, Picus Capital, and Bonfire Ventures. This brings the company’s total funding to $77 million, only a year after securing its Series A, signaling strong investor confidence and rapid market traction. The company positions itself as a next-generation Transportation Management System (TMS), built with AI and automation at its core.

Hong Kong’s once-thriving freight forwarding sector is experiencing significant disruptions, as tensions between the United States and China escalate into an intense trade war. This week alone, approximately 41 percent of scheduled container capacity from Hong Kong to the west coast of North America has been abruptly canceled, reflecting the profound challenges now facing one of Asia’s most critical logistics hubs. Historically, Hong Kong has acted as a pivotal intermediary point for re-exporting goods between China and the U.

BEAVERTON, Ore., July 17, 2024 - Spot truckload rates rose in June despite declines in the number of loads moved, said DAT Freight & Analytics, which operates the DAT One freight marketplace and DAT iQ data analytics service. The DAT Truckload Volume Index (TVI), an indicator of loads moved during a given month, retreated from all-time highs for van and refrigerated (“reefer”) loads in May: Van TVI: 266, down 9% month over month Reefer TVI: 199, down 11% Flatbed TVI: 279, down 7% Year over year, the van and flatbed TVI dipped 3% and 5%, respectively.