Lawyers for the two companies said that they’ve agreed in principle to a settlement that will end a lawsuit Rite Aid filed against McKesson over their supply agreement.

Lowering energy costs was cited as the most important reason for companies when it came to investing in IT for sustainability.

The funding will go towards improving the movement of goods along navigable U.S. waterways and expanding existing services in Alaska, Illinois, Indiana, Louisiana, Texas, Washington and Wisconsin.

OOCL Logistics customers will be able to apply for financing through the PODIUM platform, meaning suppliers can now receive funding less than 72 hours after shipping out a product.

The feature can determine a price range for logistics services based on numerous variables including types of transportation, equipment, demand and competition. 

FedEx shipping rates are expected to grow by an average of 5.9% for U.S. domestic, export and import services.

The new wave of generative artificial intelligence is supercharging the increased automation of B2B customer onboarding and due diligence for financing approvals, disbursements and repayments. 

The IMF found ending fossil fuel subsidies could cut global emissions outputs by 34% by 2030 when compared to levels seen in 2019.

When it comes to applying artificial intelligence to logistics and the supply chain, the headlines might be slightly ahead of real-world use.

Orient Overseas Container Line (OOCL) had the largest EBIT per TEU during Q2 2023 at $305, a massive drop-off from Q2 2022, which was over $1,500 per TEU.