Technology

Technology Is Changing The Way Freight Brokerages Operate

Digital brokerages have dominated headlines in recent years, but some old standbys continue to perform. And for some of them, like XPO Logistics (NYSE: XPO), the idea that digital brokerages represent a new way of moving freight masks the fact that many traditional brokerages have remained at the cutting edge, and even in the lead, of the digital revolution.

“We don’t think of ourselves as an incumbent broker,” Lou Amo, president of Freight Brokerage and Expedite at XPO Logistics, told FreightWaves. “We like to think of ourselves as one of the first digital brokers.”

Amo, who joined XPO in 2012 as vice president of brokerage operations, said the company has invested in technology “since day one.” Technologies such as XPO Connect and Drive XPO are just the latest iterations of technological achievement for the company as it strives to continue its leadership position among global brokerages (XPO is

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Credit Agricole seeks to reclaim technology it developed with Wirecard

PARIS (Reuters) – French bank Credit Agricole said on Thursday it will seek to reclaim the payments technology it was working on with Wirecard as part of their partnership.

German payments firm Wirecard filed for insolvency in June, owing creditors 4 billion euros ($4.5 billion), after disclosing a 1.9 billion-euro hole in its accounts that its auditor, EY, said was the result of a sophisticated global fraud.

Wirecard and Credit Agricole Payment Services had a “strategic partnership”, aimed at facilitating online payments for merchants.

“Customers will benefit from new e-commerce payment acceptance and acquiring services, developed by Wirecard, which the two companies are jointly bringing to market,” their joint statement said last year.

A year after that, the administrator of the collapsed firm said in July some investors have expressed interest in buying the company’s core business and its holdings.

“By nature, we will reclaim the technology that we have

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Lotus To Open New Advanced Technology Center

The facility at the University of Warwick will welcome 130 engineers.

Lotus is continuing with its expansion in the UK by announcing that it will establish a new advanced technology center at the University of Warwick’s Wellesbourne Campus. The facility will be home to Lotus’ consultancy division, Lotus Engineering, and represents a new partnership between Lotus and WMG (formerly Warwick Manufacturing Group) at the University of Warwick.

It comes after it added a new manufacturing site near to its existing headquarters in Hethel, Norfolk, and a new assembly hall right by its test track.

Lotus looking into the future:

“This is a big step forward for Lotus and our engineering consultancy,” said Matt Windle, executive director of engineering at Lotus Cars. “The new space, facilities and job opportunities at Wellesbourne will be in great demand as we rapidly build our portfolio of external projects.”

The new facility will consist of

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Steven Frumkin, Dean of FIT’s Jay and Patty Baker School of Business and Technology, Dies

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Steven Frumkin, dean of the Jay and Patty Baker School of Business and Technology at the Fashion Institute of Technology, died Thursday in Miami. The cause was COVID-19. 

“With Dean Frumkin’s passing, we have lost a most valuable member of our community,” said FIT’s president, Dr. Joyce F. Brown. “Through his leadership, he not only earned the trust, affection, and respect of faculty, staff, and students, but also shaped the future of his school.”

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Frumkin led the Baker School, FIT’s largest, for eight years since 2002. His appointment marked a return to FIT for Frumkin, who was an adjunct assistant professor in the colleges Textile Development and Marketing program from 1994 to 2000.

As dean, he was the force behind the accreditation of the majority of the school’s programs by the Accreditation Council for Business Schools and Programs,

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If we keep looking to please Donald Trump, the UK will miss out on state of the art technology

Trump and Johnson onstage during the annual Nato heads of government summit in Watford in December: Getty
Trump and Johnson onstage during the annual Nato heads of government summit in Watford in December: Getty

Last week saw two, apparently unrelated, clashes in the battle for dominance in the world of Big Tech, involving companies and governments which dominate the digital economy. Apple won one round of a complex legal battle with the European Commission to protect its use of low-tax jurisdictions. And Huawei lost out on UK business after the British government did a U-turn from its decision to allow limited Huawei participation in the UK 5G network. A perfect storm of Conservative backbench insurrection and US sanctions made the previous UK position untenable.

These clashes are skirmishes in a much bigger war for dominance of the emerging digital world economy and the new, overlapping, technologies within it: artificial intelligence; 5G; big data; advanced semiconductors; and quantum computing.

One aspect of this multi-faceted conflict is between the

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Gloucester County Recognized For Location Technology

GLOUCESTER COUNTY, NJ — Esri, the global leader in location intelligence, presented Gloucester County Office of Emergency Management (OEM) with Esri’s Special Achievement in GIS (SAG) Award on Monday, county officials announced.

Selected from over 300,000 eligible candidates, Gloucester County OEM received the award for its innovative application of mapping and analytics technology, as well as thought leadership in the field of emergency management.

“The Gloucester County Office of Emergency Management has demonstrated impressive work with Geographic Information Systems,” Gloucester County Freeholder Director Robert M. Damminger said. “This work is innovating the way we respond to emergencies. They’ve implemented several map centric solutions including our damage assessment platform.”

Joe Ward leads GIS intelligence for Gloucester County OEM in conjunction with the planning department and Gloucester County Emergency Management Division. Ward has upgraded Gloucester County’s GIS capabilities and our drone project which can assess emergencies and their impact in real-time.

This

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