Technology

BATCH Revolutionizes Logistics Pricing with AI and Quantum Computing

Published

2 years ago

October 28, 2024

AI Pricing Influenced By Real-Time Market Trends To Enhance Accuracy

LONG BEACH, Calif., Oct. 28, 2024 /PRNewswire/ — Batch Freight (BATCH), a trailblazing logistics technology company, is transforming the freight industry through its innovative combination of artificial intelligence and quantum computing. Through its Advanced Trucking & Logistics Automation System (ATLAS), a subscription base offering of its next generation transportation management system, BATCH is establishing new standards in freight pricing accuracy, speed, and comprehensiveness.

The company’s groundbreaking system prices an impressive 200,000 freight lanes daily across the continental United States. This achievement is made possible by BATCH’s unique fusion of advanced AI algorithms and quantum computing power. The technology offers pricing capabilities for specialized transportation modes including drayage containers, dry vans, refrigerated units, and flatbeds.

BATCH’s innovative approach processes information in a new way and squeezes much more information from traditional sources than has previously been possible. This allows the company to provide carriers and shippers with the most up-to-date and competitive pricing information, enabling rapid and informed decision-making.

The impact of BATCH’s innovation extends beyond pricing to the entire freight ecosystem. By providing more accurate and dynamic price quoting, the company is helping to reduce inefficiencies in the market, leading to better resource allocation and potentially lower costs for shippers.

According to BATCH CTO, Mirna Kusalovic, “Our AI-driven approach allows us to assess real-time market trends and extract detailed information from our data sources through proprietary algorithms, all of which influence our pricing accuracy and forecasting capability.”

In a significant step towards sustainability, BATCH has developed proprietary AI technology for reducing empty miles and carbon emissions in drayage, import, and export shipping. This system optimizes container movements, significantly decreasing wasted trips and idle time at ports. By efficiently bundling shipments and coordinating pickups and deliveries, BATCH’s AI not only cuts costs but also substantially reduces the carbon footprint of international trade operations.

“We’re already working on ways to expand our predictive capabilities to other areas of the supply chain, always with the aim of driving efficiency, reducing costs, limiting carbon emissions, and improving decision-making,” says Kusalovic.

Looking to the future, BATCH has partnered with a leading microchip manufacturer to integrate thousands of GPUs into its computing infrastructure. This massive expansion of processing power will enable BATCH to develop even more sophisticated AI and quantum models, promising to revolutionize logistics both domestically and internationally. The enhanced capabilities will allow for more precise predictive analytics, real-time route optimization, and advanced supply chain management solutions.

As BATCH continues to push the boundaries of logistics technology, the industry watches with keen interest. With its unparalleled blend of AI expertise, quantum computing power, and visionary leadership, BATCH is not just participating in the future of freight transportation – it’s actively shaping it on a global scale.

The logistics world stands at the cusp of a new era, and BATCH is leading the way. As the company expands its services and refines its technology, it’s clear that the ripple effects of its innovations will be felt throughout the global supply chain for years to come, promising a more efficient, sustainable, and interconnected future for international trade and transportation.

For more information on BATCH’s innovative AI and pricing tools, visit batchfreight.com

About Batch Freight: BATCH is the parent company of NEXT, CDL, and Hickory Transportation Services. BATCH is committed to transforming the logistics industry through innovative technology solutions that streamline operations and enhance efficiency. With a focus on leveraging AI and machine learning, BATCH is dedicated to empowering shippers and brokerages to thrive in a competitive market.

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SOURCE Batch Freight

Technology

Hexagon Composites ASA: Eirik Løhre appointed permanent CFO

Published

6 minutes ago

May 5, 2026

OSLO, Norway, May 5, 2026 /PRNewswire/ — Reference is made to the stock exchange announcement dated 11 November 2025, where Eirik Løhre was appointed interim CFO in Hexagon Composites.

The Company is pleased to inform that Eirik Løhre has been appointed permanently to the role of CFO in Hexagon Composites, effective today.

Eirik Løhre has been with the Company since 2021 and prior to his role as interim CFO, he served as EVP Corporate Development on the Executive Team.

“Eirik has demonstrated strong financial leadership and execution, and he has been instrumental in strengthening our financial performance. I look forward to continuing our work together to develop and position Hexagon in this next phase of growth,” said Philipp Schramm, CEO, Hexagon Composites.

For more information:
Berit-Cathrin Høyvik, Senior Director, Communications, Hexagon Composites
Tel: +47 988 92 161, berit-cathrin.hoyvik@hexagongroup.com

About Hexagon Composites ASA
Hexagon delivers safe and innovative solutions for a cleaner energy future. Our solutions enable storage, transportation and conversion to clean energy in a wide range of mobility and industrial applications. Learn more at www.hexagongroup.com and follow @HexagonASA on LinkedIn.

This information was brought to you by Cision http://news.cision.com

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Technology

LONGPORT Whale Enters Malaysian Market with Next Generation Trading Infrastructure for Local Brokerages

Published

6 minutes ago

May 5, 2026

LONGPORT Whale, with proven track record across 100+ institutional clients in Asia, makes its Malaysia debut at Bursa Malaysia Stockbroking Trade Fair 2026

KUALA LUMPUR, Malaysia, May 5, 2026 /PRNewswire/ — LONGPORT Whale, a provider of AI-Ready securities trading infrastructure, is making its entry into the Malaysian market at the Bursa Malaysia Stockbroking Trade Fair 2026. The move comes as Malaysia’s Capital Market Masterplan 2026–2030 (CMP4) continues to hone in on local brokerages to modernise core systems, balancing investor experience, regulatory compliance, and operational resilience simultaneously.

Malaysian brokerages are increasingly confronted by a challenge that goes beyond front-end upgrades. Legacy architectures struggle to keep pace with digital-native investor expectations, rising cybersecurity standards, and the demand for multi-market expansion simultaneously. For many such brokerages, the question is no longer whether to modernize, but how to do so without adding complexity or disrupting the business continuity that clients depend on.

Zhong Hua, CEO, LONGPORT Whale, said, “Core trading infrastructure must support continuous evolution — in investor experience, compliance, and AI readiness — without adding unnecessary complexity. The brokerages that lead the next decade won’t be the ones with the best system today; they’ll be the ones whose systems are designed to keep getting better. LONGPORT Whale aims to bring its Asia-proven experience to help Malaysian brokers strike that balance.”

Built on a cloud-native microservices architecture and trusted by more than 100 institutional clients in Asia, Whale’s platform is engineered by industry professionals and refined through years of first-hand operational experience. For the Malaysian market, it addresses four priorities: a best-in-class trading experience validated across competitive, highly regulated markets in Asia; system resilience and performance built for institutional scale, with high system performance and output, real time risk management, and low system latency; global market connectivity spanning Malaysia, Singapore, Hong Kong SAR, US, and Japan without requiring system rebuilds; and an API-first, data-unified architecture that gives brokerages a practical foundation for AI adoption.

Hong Kong SAR and Singapore, where Whale serves online brokers, traditional banking firms, banks and wealth management institutes in a stringent regulatory environment, serve as the primary reference market for its Malaysia expansion. The company said it aims to work with local industry participants as both an infrastructure partner and a contributor to broader conversation on responsible modernization under CMP4.

About LONGPORT Whale

LONGPORT Whale provides integrated securities trading infrastructure to brokers, banks, fund houses, wealth managers, and family offices across Asia. Its cloud-native platform supports multi-market, multi-asset trading across front-, middle-, and back-office workflows, with a deployment model designed for regulatory alignment and long-term scalability. Website: www.longportwhale.com

Media Contact
LONGPORT Whale PR Team
Email: media@longportwhale.com

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SOURCE LONGPORT Whale

Technology

Thunes and Vodacom Tanzania Unite to Power Cross-Border M-Pesa Payments Across China and Uganda

Published

6 minutes ago

May 5, 2026

Collaboration revolutionises trade & financial convenience for Tanzanian merchants and consumers

SINGAPORE, May 5, 2026 /PRNewswire/ — Thunes, the Smart Superhighway to move money around the world, has joined forces with Vodacom Tanzania, the country’s leading telco company, to transform cross-border trade and digital financial inclusion with Vodacom’s new M-Pesa Global Payment solution. Thanks to the collaboration, Vodacom customers in Tanzania can now seamlessly pay merchants in Uganda and China directly from their mobile phones.

This milestone solution responds to growing demand from Tanzanian traders who engage in commerce with Ugandan and Chinese markets but often face challenges with costly, slow, and insecure payment methods. With this innovation, leveraging the Thunes Direct Global Network, Vodacom aims to bridge those gaps, offering secure, real-time digital payments across borders and reinforcing its leadership in mobile money innovation in Africa.

The solution supports trade with two key markets for Tanzania. For eight consecutive years, China has been Tanzania’s largest trading partner, with bilateral trade hitting $8.8 billion in 2024. In the same year, bilateral trade between Tanzania and Uganda reached approximately $2.23 billion, an increase of 64% on the previous year.

Epimack Mbeteni, M-Pesa Director at Vodacom Tanzania said: “This is more than just a payment feature, it is a catalyst for economic empowerment and a gateway for small and medium businesses and entrepreneurs in Tanzania to compete and thrive in regional and global markets. Through Thunes’ expansive and trusted Network we are enabling seamless, secure, and affordable cross-border payments that empower people, fuel trade and place M-Pesa at the center of Africa’s digital commerce future.”

Through Thunes’ Direct Global Network, customers can now send payments to merchants in Uganda using MTN MoMo and to Chinese merchants through the Alipay network, all through the M-Pesa USSD menu or the M-Pesa Super App. The process is secure, user-friendly, and eliminates the burden of traditional banking barriers for everyday traders and businesses.

Dawei Wang, SVP Network at Thunes, added: “Vodacom Tanzania joining the Thunes Direct Global Network to digitise cross-border payments is a game changer for local businesses. By combining Vodacom’s technology with Thunes’ trusted and proprietary Network, Tanzanian customers can pay partners in China and Uganda in real time. This innovation accelerates interoperability along with international trade and business growth and supports our vision of connecting the next billion end users to the global economy.”

This initiative stands as a strategic enabler for consumers and micro, small, and medium enterprises (MSMEs) who need reliable and quick financial tools such as mobile money. A 2025 GeoPoll survey on Tanzania Financial Services and Usage found that 94% of the survey’s respondents use mobile money.

The Thunes and Vodacom Tanzania alliance is set to transform the lives of millions of consumers by dismantling cross-border barriers. By hyper-connecting Tanzania to global powerhouses like China and streamlining intra-African trade, the collaboration is helping to build an inclusive economy and grow Tanzania’s role as a force in the global market.

About Vodacom Tanzania

For more information, visit: https://www.vodacom.co.tz/

About Thunes

For more information, visit: https://www.thunes.com/

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