AI in Logistics News Updates

GXO Logistics Inc. on May 5 reported first-quarter revenue and earnings growth, supported by a swing from a loss to a profit year over year.

“Data, predictive analytics and AI-driven logistics are reshaping how we manage capacity and deliver more reliable service,” FedEx Freight's John Smith said.

FourKites announced on May 5 an ocean freight booking platform designed to autonomously select carriers, execute bookings and manage documentation.

Augment acquired Merlin, an AI startup focused on wholesale distribution, and will integrate its technology into Augie, the company’s flagship AI platform.

The gap in goods and services trade grew 4.4% from the prior month to $60.3 billion, Commerce Department data showed May 5.

Rather than relying heavily on after-the-fact video review of drivers, fleets are increasingly using AI to process video and telematics inside the truck itself.

Caterpillar’s shares more than doubled over the past year on demand for energy equipment to power data centers.

Amazon will invest $5 billion immediately as part of the new agreement announced this week by the companies, and up to another $20 billion in the future.

President Trump has pushed to expand oil production, saying that will help ease energy bills and match the growing demand for power by industries like AI.

Freight brokers and 3PLs generally have embraced the latest advances in artificial intelligence while continuing to emphasize the value of human expertise.