Saturday, July 20, 2024

Raft platform volumes surpass AI learning milestones

Raft

Raft has announced several key milestones that highlight the growth and maturity of its logistics AI platform. First, it has reached over 5 billion labeled data points and documents, all verified by human experts, that are training machine learning models and improving the generative AI on the platform. As a byproduct of Raft’s AI horsepower, […]

Human-centric technology integral to logistics industry’s AI adoption

The successful adoption of artificial intelligence (AI)-driven technology will rely on developing solutions that enable forwarders and customs brokers to prioritize human connections, said James Coombes, Chief Executive Officer (CEO) and Co-Founder, Raft, at The International Air Cargo Association (TIACA) Executive Summit yesterday. Coombes stressed that freight forwarding is ultimately a relationships business, highlighting that […]

Demystifying AI essential to empowering future workforce

The future of work will see Artificial Intelligence (AI) integrated seamlessly into our work routines to boost creativity, unlock productivity, and enhance our skills, but that starts with understanding its practical capabilities, said Nisarg Mehta, Chief Technology Officer and Co-founder of intelligent logistics platform Raft. During his keynote speech at WESCCON, Mehta emphasized that AI’s […]

AI essential to US customs brokerage modernisation

Artificial intelligence (AI) is essential to achieving greater levels of operational efficiency, accuracy, and transparency within customs brokerage, says Nisarg Mehta, Chief Technology Officer and Co-Founder of intelligent logistics platform Raft. Speaking to delegates at the Northern Border Customs Brokers Association (NBCBA) Fall Conference, Mehta spoke about the value of AI in transforming customs tasks. […]

Onboard Logistics partners with Raft to drive new levels of warehouse automation

US-based freight forwarder OnBoard Logistics has partnered with intelligent logistics platform Raft to successfully optimise warehousing operations and redefine the way cargo is received and processed. OnBoard Logistics now boasts a fully automated warehouse pre-check process, utilising Raft’s platform to optimise the receipt and processing of cargo before its physical arrival, streamlining operations and eliminating […]

The power of technological solutions

In an industry as complex and dynamic as freight forwarding, streamlining operations and improving efficiency are paramount for success. Raft, a technology-driven company, is making significant strides in transforming the shipping landscape. By harnessing the power of artificial intelligence (AI) and machine learning (ML), Raft aims to automate and optimise operations for freight forwarders, customs […]

Raft raises $30m to transform global supply chain execution with AI

Intelligent logistics platform Raft has announced the successful completion of its Series B funding round, raising $30 million in investment. The funding round is led by global VC investor Eight Roads with participation from existing investors Bessemer Venture Partners, Episode 1, and Dynamo Ventures, as well as Moguntia Capital. Founded in 2017, Raft—formerly known as Vector.ai—helps […]

Impending sustainability reporting regulations require digital solutions

Forwarders should take advantage of digital solutions as a matter of urgency ahead of new sustainability reporting regulations coming into effect across the US and EU, urges Lionel van der Walt, Chief Growth Officer, Raft. He told attendees at Multimodal 2023 that, as we draw closer to regulations being finalized, forwarders must prioritize finding an […]

Preparing for a sustainable future

Raft, an intelligent freight operating system, is advising forwarders to prepare for new sustainability reporting regulations. Lionel van der Walt, Chief Growth Officer, Raft, has warned forwarders of the need to focus on finding an emissions reporting method to suit their business and that of their customers as soon as possible. “The rapidly changing legislation […]

Smart data will revolutionise customs processes

Smart data and AI will save days of manual processing, freeing up Customs brokers and agents to focus on customer support, compliance, and customer service, according to Nisarg Mehta, Chief Technology Officer and Co-founder of intelligent logistics platform Raft. He told delegates at the National Customs Brokers & Forwarders Association of America (NCBFAA) Annual Conference […]

The future of freight forwarding is human

Smart technology, enabling operations automation and better data sharing, will support forwarders to build more efficient, sustainable supply chains, according to James Coombes, Chief Executive Officer and Co-Founder of freight platform Raft. Forwarders have a unique opportunity to offer their shipper customers a better service through emerging technology, he told delegates at the FIATA HQ […]

Raft appoints Rod Talbot as VP Sales – Asia to fuel growth in the region

Raft has appointed industry veteran Rod Talbot as Vice President Sales, Asia, to help increase its presence and expertise in the Asia Pacific region. Talbot, a seasoned senior director and business leader with over 25 years’ experience in supply chain and logistics, was previously Managing Director, Asia, at global freight forwarding software platform provider, WiseTech Global. “Raft […]