Artificial Intelligence
The Global Freight Transport Market size is expected to reach $57.1 billion by 2028, rising at a market growth of 10.8% CAGR during the forecast period
New York, Jan. 25, 2023 (GLOBE NEWSWIRE) — Reportlinker.com announces the release of the report “Global Freight Transport Market Size, Share & Industry Trends Analysis Report By Offering, By Mode of Transport, By Vertical, By Regional Outlook and Forecast, 2022 – 2028” – https://www.reportlinker.com/p06412042/?utm_source=GNW
For instance, Canada and the European Union agreed to a thorough economic trade pact. 98% of the tariffs on European goods traded across Europe and Canada are being eliminated by the Canadian government as a result of this agreement. By lowering commodity prices, which naturally boosts demand for freight transportation, such agreements help the freight transport market expand.
Many freight transportation management solutions, including fleet tracking & maintenance, warehouse management system, security & monitoring system, and 3PL solutions, can be used to address logistics issues because end-users and manufacturers in developing nations, like India, lack the internal control necessary to do so. This aspect stimulates the development of the target market as a whole.
Additional factors driving the demand for specialist freight transport and supply chain execution competencies include the expansion of e-commerce and entrepreneurial endeavors. Because logistics, inventory, and fixed expenses are reduced when shippers hire freight transportation services, they benefit.
Numerous businesses have outsourced their freight transport operations as a result of globalization since they are unable to manage global supply chain activities. Cargo transportation businesses offer better and more creative ways to maximize the efficiency of their services, offering benefits including lower capital costs, door-to-door service, flexibility, and a lower chance of damage during transit.
COVID-19 Impact Analysis
Global supply chain activities have been adversely affected by the COVID-19 pandemic. The crisis put unheard-of pressure on the logistics and transportation systems. Lockdowns were put into place in a number of nations, which caused uncertainty for the shippers while shipping their products. The logistics networks were disturbed by the imbalance between supply and demand, along with the lack of long-haul and last-mile fulfillment service capacity, which limited the growth of the freight transport sector. A decline in consumption has also been seen on the demand side.
Market Growth Factors
Rapid Industrialization And Increasing Acceptance Of Industry 4.0
It is anticipated that rapid industrialization and the growing adoption of Industry 4.0 will enable the manufacture of high-quality goods at low cost. Road freight transportation is the best option for Industry 4.0 since it provides flexible and more affordable short-distance transit. Additionally, the demand for food, beverages, and other consumer goods is anticipated to rise with population growth, supporting market growth. The future of the global supply chain is finally beginning to be shaped by Industry 4.0 as a true driving force. Thus, the market for freight transportation is driven by the growing use of Industry 4.0.
Escalating Need For Prompt Delivery
In particular, the logistics sector has seen an increase in the need for on-time delivery, which has evolved into a crucial differentiator among its rivals. The market has grown due to the introduction of numerous technologies in freight transportation for efficient management of the transportation process. One-third of the cost of logistics is accounted for by transportation management, which has a significant impact on how well the market as a whole performs. For brands, increased client retention is facilitated by on-time delivery. As a result, the market for freight transportation is driven by the rising need for on-time delivery.
Market Restraining Factors
Increased Carbon Emissions
As pandemic restrictions were eased and passenger and cargo traffic picked up after a historic fall in 2020, world Co2 emissions from the transport industry recovered in 2021, rising by 8% to over 7.7 Gt CO2. a number of variables, including the increased carbon emissions brought on by the usage of diesel fuel in road transportation. Transport emissions are rising far more quickly than GDP in many emerging nations. Thus, the growth of the freight transportation market is being hampered by rising carbon emissions.
Offering Outlook
Based on offering, the market is categorized into Solutions and Services. In 2021, the service segment accounted for a large share of the revenue. On the basis of service offerings, the service segment is further categorized into Managed services, business services, and system integration. The demand for freight management services, which help companies deliver freight and complete the supply chain effectively and economically, is primarily responsible for the segment’s rise.
Mode Of Transportation Outlook
Based on the mode of transportation, the market is categorized into railways, roads, seaways, and aviation. During the forecast period, it is anticipated that the Seaways & airways segment will develop at a promising rate. The adoption of sustainable aviation fuels in response to climate change, speedier delivery, and rapid airport building in developing nations are all factors contributing to the growth of this market.
Verticals Outlook
Based on verticals, the market is categorized into Retail & E-commerce, Automotive, Aerospace & Defense, Pharmaceuticals, Energy, and Others. The pharmaceutical segment is anticipated to expand at significant growth during the anticipated period. The most important link in a logistical network is pharmaceutical transport since the commodities being delivered are meant for human consumption. To guarantee that the drugs are delivered to the end user in the proper manner, total control over the entire distribution chain is necessary.
Regional Outlook
Based on geography, the market is categorized into North America, Europe, Asia Pacific, and LAMEA. North America dominated the global market in 2021 and is predicted to maintain its dominance during the forecast period. Due to the presence of numerous significant logistics businesses, e-commerce behemoths, and suppliers of freight solutions in the United States and Canada. The continuing development and uptake of emerging technologies like artificial intelligence, machine learning, and near-field communication also contribute to the expansion of the market.
The major strategies followed by the market participants are Partnerships. Based on the Analysis presented in the Cardinal matrix; United Parcel Service, Inc. is the forerunner in the Freight Transport Market. Companies such as Oracle Corporation, FedEx Corporation, and SAP SE are some of the key innovators in Freight Transport Market.
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include C.H. Robinson Worldwide, Inc., Deutsche Post DHL Group (The Deutsche Post AG), FedEx Corporation, Kuehne + Nagel International AG (Kuehne Holding AG), United Parcel Service, Inc., SAP SE, Oracle Corporation, Schneider National, Inc., DSV A/S, and Nippon Express Co., Ltd.
Recent Strategies Deployed in Freight Transport Market
Partnerships, Collaborations and Agreements:
Oct-2022: Kuehne+Nagel entered into a partnership with Pepco, a fast-growing retailer engaged in providing apparel for the entire family and household products at very low prices. Under this partnership, Kuehne+Nagel would offer automation and warehousing specialization for the Bulgarian, Romanian and Greek markets. Moreover, this partnership not only addresses Pepco’s requirement for speed and agility but also serves for a better sustainable future.
Jun-2022: Oracle partnered with Kyndryl, an IT infrastructure services provider. The partnership is aimed to help customers boost their journey to the cloud by providing managed cloud solutions to enterprises across the world.
Apr-2022: United Parcel Service (UPS) signed an agreement with Jumia, the Pan-African e-commerce platform. Through this Agreement, Jumia would extend to extend United Parcel Service’s logistics abilities and infrastructure for enhancing its delivery service offering in Africa.
Feb-2022: C.H. Robinson partnered with Waymo via, an autonomous driving solution for moving goods. Through this partnership, Companies would integrate C.H. Robinson’s Navisphere technology, one of the most connected platforms with the Waymo Driver, an autonomous driving technology. Moreover, this partnership would structure upcoming developments and broaden autonomous driving technology as an extra transportation solution.
Jan-2022: FedEx Corporation came into collaboration with Microsoft Corporation, a technology corporation engaged in the production of computer software, consumer electronics, and personal computers. Through this partnership, companies would transform logistics, commerce, and supply chains. Additionally, FedEx would integrate FedEx network intelligence with abilities from Microsoft Dynamics 365 to unveil “logistics as a service”, a cross-platform for merchants, brands, and retailers.
Dec-2021: FedEx Express, a subsidiary of FedEx Corp., came into partnership with Delhivery, the fully-integrated logistics services player in India. Under this agreement, both companies would offer advanced solutions and services aimed to enhance efficiency, speed, and access for Delhivery and FedEx customers to open up India’s ability in International trade.
Oct-2021: Kuehne+Nagel announced its expanded partnered with Blume Global, a provider of supply chain execution and visibility technology solutions. Under this partnership, Blume would offer Kuehne+Nagel a cognitive intermodal TMS, among other solutions, for its complete North American business.
Jun-2021: United Parcel Service partners with ParcelHub, a retail business company with expertise in offering courier service and fulfillment centers. Under this partnership, United Parcel Service would extend its retail footprint in Malaysia and capitalize on the region’s growing logistics and e-commerce demand.
Jul-2020: United Parcel Service partnered with Estafeta, an express and logistic service company for online retailers. This partnership would allow small and midsize businesses (SMEs) in Mexico to reach over 220 countries and territories across the world, also customers in the United States within a business day.
Acquisitions and Mergers:
Nov-2022: UPS acquired Bomi Group, a provider of healthcare logistics. Under this acquisition, UPS Healthcare, a healthcare unit of UPS would add temperature-controlled facilities in 14 countries across Latin America and Europe.
Sep-2022: DHL Supply Chain acquired Monta, a Dutch fulfillment provider. Under the acquisition, DHL would improve its response to the requirements of Small and Medium Enterprises and smaller online stores.
Jun-2022: Schneider acquired deBoer Transportation, a regional and dedicated carrier. This acquisition aligns with Schneider’s strategy and combines deBoer Transportation into existing businesses of Schneider with equipment and drivers offered to assist growth opportunities in power-only and dedicated operations.
Mar-2022: Deutsche Post DHL Group completed the acquisition of J.F. Hillebrand Group AG, a company with expertise in the logistics of beer, spirits, and wine. Through this acquisition, Deutsche Post DHL Group would add multiple services to its ocean freight offering, which would reinforce longstanding client relationships and income from the beginning.
Jan-2022: Schneider completed the acquisition of Midwest Logistics Systems, a truckload carrier based in Ohio, United States. Through this acquisition, Schneider would increase annual revenue in its operations with more than 5000 trucks.
May-2021: C.H. Robinson took over Combinex Holding B.V., a company specializing in transport services for dry goods and fresh & frozen goods. Under this acquisition, C.H. Robinson would reinforce its presence in Europe specifically in Western Europe. Moreover, Combinex would deliver more haul abilities with a dedicated fleet, broadening its footprint in the short-medium haul market.
May-2021: Kuehne+Nagel took over Apex International, a global player in anilox and embossing technologies. This acquisition aimed to broaden Kuehne+Nagel’s presence in the Asian market, particularly on the transpacific and intra-Asia trade routes.
Mar-2020: C.H. Robinson completed the acquisition of Prime Distribution Services, a North American provider of retail consolidation and value-added warehouse services. This acquisition would broaden C.H. Robinson’s retail consolidation business and delivers additional abilities, specialization, and scale to the company’s offering.
Scope of the Study
Market Segments covered in the Report:
By Offering
• Services
• Solution
o Freight Security & Monitoring System
o Fleet Tracking & Maintenance Solution
o Warehouse Management System
o Freight Information Management System
o Freight Transportation Cost Management
o Freight Mobility & Operational Management Solutions
o Freight 3PL Solution
By Mode of Transport
• Roadways
• Railways
• Seaways & Airways
By Vertical
• Retail & E-commerce
• Automotive
• Aerospace & Defense
• Pharmaceuticals
• Energy
• Others
By Geography
• North America
o US
o Canada
o Mexico
o Rest of North America
• Europe
o Germany
o UK
o France
o Russia
o Spain
o Italy
o Rest of Europe
• Asia Pacific
o China
o Japan
o India
o South Korea
o Singapore
o Malaysia
o Rest of Asia Pacific
• LAMEA
o Brazil
o Argentina
o UAE
o Saudi Arabia
o South Africa
o Nigeria
o Rest of LAMEA
Companies Profiled
• C.H. Robinson Worldwide, Inc.
• Deutsche Post DHL Group (The Deutsche Post AG)
• FedEx Corporation
• Kuehne + Nagel International AG (Kuehne Holding AG)
• United Parcel Service, Inc.
• SAP SE
• Oracle Corporation
• Schneider National, Inc.
• DSV A/S
• Nippon Express Co., Ltd.
Unique Offerings
• Exhaustive coverage
• Highest number of market tables and figures
• Subscription based model available
• Guaranteed best price
• Assured post sales research support with 10% customization free
Read the full report: https://www.reportlinker.com/p06412042/?utm_source=GNW
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Teams can eliminate container security exposures with the new enhancements in Picus’ platform for multi-cloud
SAN FRANCISCO, May 23, 2024 /PRNewswire/ — Picus Security, the Security Validation company, today announced security validation for Kubernetes. This new capability allows Security and DevOps teams to realize the benefits of containers securely by proactively measuring and optimizing the resilience of clusters. It is the latest innovative addition to the Picus Security Validation Platform, which empowers users to consistently validate their security posture and measure risk across on-premises and multi-cloud environments.
For organizations that want an agile way to deploy, run and scale applications, Kubernetes offers considerable benefits. However, security is often the biggest barrier to its adoption. The dynamic and complex nature of Kubernetes means that containers are often misconfigured due to human error. Without a hands-on approach to governance, security gaps can easily emerge over time, increasing the risk of incidents. This situation is exacerbated by the high level of expertise required to secure Kubernetes and the use of default settings which are inherently insecure. According to The State of Kubernetes Report, more than two-thirds of Kubernetes users (67%) have delayed deployments due to security concerns.*
The addition of Kubernetes validation extends the Picus platform’s existing validation capabilities, which are powered by attack simulation and GenAI. It enables organizations to proactively identify and mitigate security misconfigurations, such as weak policies and settings that could allow containers to run with insecure privileges and facilitate lateral movement. Now security teams can automatically assess the security of their workloads wherever they are located – on-premises, in containers, and also in cloud platforms including Amazon Web Services, Google Cloud Platform, and Microsoft Azure.
“Cloud security is perhaps the biggest barrier of entry for organizations that want to take advantage of container orchestration,” said Volkan Erturk, Picus CTO and Co-Founder. “Kubernetes offers incredible opportunities for DevOps teams to deploy and scale new applications, but Security teams can struggle to keep pace.
“With the Picus Security Validation Platform, security concerns won’t slow down an organization’s digital transformation journey. This new offering will allow our users to consistently measure the security of their workloads and vastly reduce the effort needed to address exposures across growing IT environments.”
Additional Information
Read the Kubernetes validation announcement blog.Register for the upcoming webinar on July 11th 2024 at 10.00 EST/ 15.00 BST: Beyond Cloud Security Posture Management: Validating Cloud Effectiveness with Attack Simulation About Picus Security
Picus Security helps security teams consistently and accurately validate their security posture. Our Security Validation Platform simulates real-world threats to evaluate the effectiveness of security controls, identify high-risk attack paths to critical assets, and optimize threat prevention and detection capabilities.
As the pioneer of Breach and Attack Simulation, we specialize in delivering the actionable insights our customers need to be threat-centric and proactive.
Picus is a Gartner® Peer Insights™ Customers’ Choice for 2024 in the BAS tools category†. The company is recognized as a leader by Frost & Sullivan^.
† Gartner, Voice of the Customer for Breach and Attack Simulation Tools, Peer Contributors, 30 January 2024 ^ Frost and Sullivan, 2022 Frost Radar™ report for the Global Breach and Attack Simulation Market
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Artificial Intelligence
Highlights from the Finale: Day Three of the London Blockchain Conference Unravelled
As the London Blockchain Conference draws to a close, attendees heard from industry experts on Driving Innovation with Blockchain.
LONDON, May 23, 2024 /PRNewswire/ — Attendees at the London Blockchain Conference were in to witness the final day, which featured a line-up of informative and thought-provoking speakers. Throughout the day, there were exciting panels and presentations which featured cutting-edge ideas and insights.
Day 3 kickstarted with BSVA launching a new report focusing on the role of blockchain in safeguarding data and streamlining transactions.
Other sessions included:
The Intersection of Web3, AI, and Emerging Tech – Somi Aran, Founder of InPeak gave the opening keynote which explored the dynamic convergence of Web3, Artificial Intelligence, and emerging technologies. She delved into how these technologies are reshaping industries and redefining the boundaries of innovation and the potential impacts and opportunities these technologies present.
Bridging the gap: Making Web3 technologies user-friendly – Christine Leong, CIO, nChain – discussed some of the innovative strategies and practical solutions aimed at simplifying Web3 technologies. She also discussed how nChain is planning to transform Web3 from a domain exclusive to the tech-savvy, into a user-friendly ecosystem that empowers all users.
Is code law? – Rules applicable to blockchain networks – panel featuring Marcin Zarakowski, CEO of Token Recovery, Akber Datoo CEO of D2 Legal Technology, Jeffrey Golden, King’s Counsel (Hon) at 3 Hare Court Chambers, Andrei Kirilenko, Professor of Finance at Cambridge Judge Business School, Professor Sarah Green, Law Commissioner at Law Commission, where they discussed that rules apply to the nodes and validators which support the particular network and process its transactions. The group also discussed whether the blockchain protocols’ rules and software code are the only sources of regulation in blockchain networks.
An Introduction to nChain Identity – Thomas Moretti, Head of Product Development at nChain. He spoke about the Self Sovereignty Identity concept and showcased the latest project it is working on – nChain Identity.
Reimagining Roles: How regulated industry leaders are shaping the future of finance – a panel featuring, Andrew Mosson (Chief Commercial Officer of OneTrading, Néstor Palao, Head DLT & Corporate Clients at Sygnum Bank, Laurence Lewandowska, CFO/COO at BSV Association and Wojciech Kaszycki Chairman & Founder at Mobilum. The panel discussed how the new era of digital assets, traditional banking institutions, exchanges, and financial services are being reimagined in the context of emerging technologies such as blockchain and AI.
Please register here if you would like to listen to any of the sessions today.
If you want to interview any speaker from today’s sessions, please email [email protected].
About the London Blockchain Conference NETWORK. LEARN. ENGAGE. At the London Blockchain Conference, we show how Blockchain will change the world and help people see another way to manage data, build scalable on-chain solutions and achieve great things. We do this by creating valuable, insightful, and engaging events that educate and inform, allowing you to connect and network to build strong business relationships. Our conference is the best avenue to see blockchain innovations, ecosystem announcements, product launches, technology updates, keynote speeches, panels, and fireside chats from blockchain leaders. Join us and experience it for yourself.
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Artificial Intelligence
Nord Anglia Education publishes new insights on the role of AI and metacognition in learning
LONDON, May 23, 2024 /PRNewswire/ — INSIGHTS, the global publication from Nord Anglia Education, has published two new articles taking an in-depth look at AI in education and the role of metacognition in teaching and learning.
Exploring the role of AI in learning
https://www.nordangliaeducation.com/insights/2024/articles/the-generative-generationIn its ‘Generative Generation’ feature, INSIGHTS explores the role of artificial intelligence (AI) in education, and whether the technology is making it easier for children to learn. Speaking to Nord Anglia’s educators as well as leading experts from the world of academia, it also includes real-life examples of how Nord Anglia’s schools are using AI in the classroom.
For example, Nord Anglia’s British International School in Kuala Lumpur has adapted the technology to create an AI-powered teaching assistant that can personalise learning, guide students through content exploration, and deepen their understanding through interactive activities. Learners define the topic they want to explore and the course specification they are working to, and the AI explores the content with them in a conversational way, enabling them to ask questions as they go.
Dr Bruce Geddes, Deputy Head of Secondary at the school, told INSIGHTS that AI represents “the biggest opportunity we’ve had in our lifetimes, for many, many spheres, but particularly in education”.
Avenues: The World School in New York, which became part of Nord Anglia in 2023, encourages its students to use AI in their work. As an example, in an app development project students use ChatGPT to generate the bulk of the coding, then review, correct and refine it. This saves them “hours of manual work by leveraging the appropriate tool in an academically appropriate way,” says Lia Muschellack, Director of Technology at the school.
The school also has its own generative AI chatbot, Savvy, built in 2019 and now powered by open AI technology. It can answer queries, provide information, and engage in “diverse discussions ranging from academic topics to casual conversations”.
“We understand that our students will be actively leveraging these tools throughout their academic and professional pathways, so we want to make sure they not only understand the potentials and limitations, but that they have tinkered and truly experienced them,” Muschellack explains.
Metacognition: a learning superpower
In its feature ‘Metacognition. Helping Kids Unlock the Power of ‘Thinking about Thinking’, INSIGHTS looks at how students can develop the important skill of metacognition.
“Metacognition is the ability to be aware of our cognitive or thought processes and to monitor, reflect on, and change those processes,” Dr Rose Luckin, Professor of Learner Centred Design at the University College London Knowledge Lab, told INSIGHTS.
Nord Anglia Education is working with Dr Luckin to develop its approach to metacognition and to help teachers introduce metacognitive strategies into classrooms. It has developed a metacognitive framework of six “Learner Ambitions” to help students develop the 6 Cs: to become critical, creative, committed, and curious learners, working compassionately and collaboratively in the classroom and beyond.
As the article explains, Nord Anglia’s deep dive into metacognition has many goals: developing student agency, boosting academic performance, and developing ‘future’ skills that employers want. The framework is being initially applied across 27 Nord Anglia schools around the world and its impact will be measured in independent research in partnership with Boston College, reporting in 2025.
Nord Anglia’s examination of metacognition also involves exploring personalised goals and thinking routines. For instance, students at Nord Anglia International School Hong Kong use the “Step In, Step Out, Step Back” routine to develop empathy and understanding in their studies. “It’s about asking the right questions; those really big questions that lead to even more questions,” says Raquel Thomson, the school’s Deputy Head of Primary. “Thinking strategies like this stay with students and serve a purpose whatever they do in their lives, whether they choose to be a scientist or a teacher or go into business.”
For media enquiries please contact: Francesca Milani Communications Manager, Digital Education Portfolio +44 20 7131 0000 [email protected]
About Nord Anglia Education:
As the world’s leading international schools organisation, we’re shaping a generation of creative and resilient global citizens who graduate from our schools with everything they need for success, whatever they choose to be or do in life.
Our strong academic foundations combine world-class teaching and curricula with cutting-edge technology and facilities, creating learning experiences like no other. Inside and outside of the classroom, we inspire our students to achieve more than they ever thought possible.
No two children learn the same way, which is why our schools around the world personalise learning to what works best for every student. Inspired by our high-quality teachers, our students achieve outstanding academic results and go on to study at the world’s top universities.
To learn more or apply for a place for your child, go to nordangliaeducation.com.
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