Latest news with #Capacity
Yahoo
12 hours ago
- Business
- Yahoo
Carrier revocations overachievement illustrates increasing market vulnerability
Chart of the Week: Carrier Details Net Revocations – USA SONAR: Carrier Net Revocations—which measure how many truckload operators (businesses) are exiting the industry—have remained unseasonably elevated throughout the first half of the year. The current pace of exits is 16% higher than during the same period in 2024. Although new authority issuances have increased this year, they've stumbled in recent weeks as new enforcement behaviors and processes may be creating additional barriers to entry. The U.S. truckload market remains a challenging landscape for many carriers and 3PLs, with demand still too low to support stable business operations. While there has been marginal improvement over the past several years, it hasn't been enough to push rates high enough to support the current level of capacity. Many structural issues persist, raising the risk of capacity falling to critically low levels. Tender rejection rates (OTRI) — which measure how often carriers decline shipper requests for capacity — have been steadily rising since May 2023. This trend indicates declining carrier availability. In weaker markets, carriers are generally more willing to accept freight, so rising rejection rates in a down market carry more weight. Spot rates (NTIL), traditionally used to gauge truckload market health, have followed a similar upward trajectory. However, rates can be a noisy metric, as fluctuations in haul lengths and inflationary cost inputs can distort the picture. While spot rates are flat year-over-year, operating costs have risen—making profitability more elusive. Diesel prices have declined, offering a rare relief. (Note: fuel costs are excluded from the charted rate index.) In May, the president issued new guidance on enforcing english language proficiency at a state level for drivers. While the specifics of enforcement remain unclear, the move could create additional hurdles for new entrants. Additionally, efforts to crack down on CDL fraud have intensified, with stricter vetting processes further raising the bar for prospective drivers. Tender volumes (OTVI) are down approximately 10–15% compared to this time last year. While much of this decline stems from mode shift—particularly in long-haul freight moving to intermodal—recent trends suggest that overall demand may also be softening. Beyond the obvious issue of lower demand undermining core business, inconsistent volume makes it harder for carriers to maintain balanced networks, often requiring months to realign. All these factors point to growing systemic risk in the trucking industry as capacity continues to exit the market. Historically, every major market flip has had a catalyst, but each was preceded by recession-like conditions within the freight space. The 2017 market boom followed a year and a half of softness. The pandemic surge came after a deep freight recession in 2019. Today's downturn is one of the longest and most severe on record. The market may have flipped already if not for supply chain lessons learned during COVID and the broader economic uncertainty. Market inflections are inherently difficult to predict, but the sustained pace of carrier revocations signals that supply is rapidly converging with demand. The FreightWaves Chart of the Week is a chart selection from SONAR that provides an interesting data point to describe the state of the freight markets. A chart is chosen from thousands of potential charts on SONAR to help participants visualize the freight market in real time. Each week a Market Expert will post a chart, along with commentary, live on the front page. After that, the Chart of the Week will be archived on for future reference. SONAR aggregates data from hundreds of sources, presenting the data in charts and maps and providing commentary on what freight market experts want to know about the industry in real time. The FreightWaves data science and product teams are releasing new datasets each week and enhancing the client experience. To request a SONAR demo, click here. The post Carrier revocations overachievement illustrates increasing market vulnerability appeared first on FreightWaves.
Business Wire
27-05-2025
- Business
- Business Wire
Bag Capacity Widget: Perfect Corp's WANNA Debuts Latest Innovation for 3D Viewer
NEW YORK--(BUSINESS WIRE)--WANNA, a leading provider of fashion AR virtual try-on solutions and a brand of Perfect Corp. (NYSE:PERF), is revolutionizing the way shoppers explore handbags online with the launch of its animated Bag Capacity Widget. This latest addition to WANNA's complete product suite for online bag shopping addresses a long-standing challenge in e-commerce — helping consumers interact with bags in a more immersive and realistic way, replicating the in-store shopping experience. Understanding a bag's capacity and interior layout has always been difficult for many online shoppers. Traditional product images fail to capture key details, such as inner compartments, pocket placements, and overall storage space. This leads to uncertainty and contributes to returns, with size mismatches accounting for around 24% of returns in the bag category. WANNA's new Bag Capacity Widget offers a solution by allowing users to virtually look inside the bag, examine its compartments, and even test its capacity by placing items inside. The feature is part of WANNA 3D Viewer, which is designed to replicate the in-store shopping experience with high-fidelity visuals and interactive exploration tools. The introduction of the Bag Capacity Widget now takes this a step further, enabling users to: Peek inside the bag and examine the inner compartments, pockets, and lining. Assess storage capacity by virtually placing everyday items — such as a phone, glasses case, or laptop — inside the bag. View capacity more accurately through a transparency mode that reveals how many items fit inside the bag. "When shopping for a handbag online, consumers don't just want to see the exterior — they want to experience the bag as if they were holding it in their hands," said Zina Grossman, Head of Growth at WANNA. "WANNA's Bag Capacity Widget for 3D Viewer offers a groundbreaking way for shoppers to interact with handbags in real-time, delivering a more engaging, detailed, and confidence-boosting shopping experience." WANNA provides a full suite of virtual tools to help shoppers make more informed handbag purchases. In addition to the new Bag Capacity Widget, the WANNA 3D Viewer for Bags delivers a 360° product view, allowing customers to explore the bag's texture, material, stitching, and size in lifelike detail. Unlike static visuals, which can sometimes feel curated to show only the best angles, this interactive experience builds trust. Joint force with Perfect Corp.'s 3D viewer technology, the solution now includes 3D Viewers for bags, shoes, perfumes, earrings, rings, watches, and glasses. Complementing the 3D Viewer, WANNA Virtual Try-On (VTO) technology provides an additional layer of realism, enabling shoppers to see how a bag looks when worn crossbody or on the shoulder. This combination of detailed 3D exploration and real-time try-on creates a complete and effective way to evaluate quality, dimensions, and overall aesthetics, empowering consumers to make more confident purchasing decisions. By integrating 3D animation and AR-powered visualization, WANNA bridges the gap between physical and digital shopping. This technology offers brands a powerful new way to showcase handbags online, bringing higher engagement and product storytelling to e-commerce platforms. WANNA's new Bag Capacity Widget is now available for integration via SDK and will be showcased at VivaTech 2025 (June 11-14, Paris). Additionally, Perfect Corp. will present a range of innovations, including the Virtual Fitting Room and the latest AI APIs, set to redefine AI-powered beauty and fashion retail. Attendees can experience these new solutions at Booth E55 from June 11 to 14 at Paris Expo Porte de Versailles. About WANNA (part of Perfect Corp.) WANNA is an augmented reality technology company that creates immersive digital luxury shopping experiences through realistic virtual try-on, AR, and 3D solutions. As part of Perfect Corp., WANNA aims to revolutionize how people engage with fashion, empowering consumers to make confident and informed purchasing decisions. WANNA delivers solutions across multiple categories, including footwear and bags, and for various channels, including Web, iOS, Android, and WeChat mini-program. For more information, visit and About Perfect Corp. Perfect Corp. (NYSE: PERF) leverages 'Beautiful AI' innovations to make our world more beautiful. As a pioneer and leader in the space, Perfect Corp. works with over 650 partners around the globe to empower brands to embrace the digital-first world by transforming shopping journeys through digital tech innovations. Perfect Corp.'s suite of enterprise solutions delivers synergistic, technology-driven experiences that facilitate sustainable, ultra-personalized, and engaging shopping journeys through hyper-realistic virtual try-ons, AI-powered skin analyses, personalized product recommendation tools and many more Beautiful AI innovations.
Yahoo
27-05-2025
- Business
- Yahoo
Bag Capacity Widget: Perfect Corp's WANNA Debuts Latest Innovation for 3D Viewer
NEW YORK, May 27, 2025--(BUSINESS WIRE)--WANNA, a leading provider of fashion AR virtual try-on solutions and a brand of Perfect Corp. (NYSE:PERF), is revolutionizing the way shoppers explore handbags online with the launch of its animated Bag Capacity Widget. This latest addition to WANNA's complete product suite for online bag shopping addresses a long-standing challenge in e-commerce — helping consumers interact with bags in a more immersive and realistic way, replicating the in-store shopping experience. Understanding a bag's capacity and interior layout has always been difficult for many online shoppers. Traditional product images fail to capture key details, such as inner compartments, pocket placements, and overall storage space. This leads to uncertainty and contributes to returns, with size mismatches accounting for around 24% of returns in the bag category. WANNA's new Bag Capacity Widget offers a solution by allowing users to virtually look inside the bag, examine its compartments, and even test its capacity by placing items inside. The feature is part of WANNA 3D Viewer, which is designed to replicate the in-store shopping experience with high-fidelity visuals and interactive exploration tools. The introduction of the Bag Capacity Widget now takes this a step further, enabling users to: Peek inside the bag and examine the inner compartments, pockets, and lining. Assess storage capacity by virtually placing everyday items — such as a phone, glasses case, or laptop — inside the bag. View capacity more accurately through a transparency mode that reveals how many items fit inside the bag. "When shopping for a handbag online, consumers don't just want to see the exterior — they want to experience the bag as if they were holding it in their hands," said Zina Grossman, Head of Growth at WANNA. "WANNA's Bag Capacity Widget for 3D Viewer offers a groundbreaking way for shoppers to interact with handbags in real-time, delivering a more engaging, detailed, and confidence-boosting shopping experience." WANNA provides a full suite of virtual tools to help shoppers make more informed handbag purchases. In addition to the new Bag Capacity Widget, the WANNA 3D Viewer for Bags delivers a 360° product view, allowing customers to explore the bag's texture, material, stitching, and size in lifelike detail. Unlike static visuals, which can sometimes feel curated to show only the best angles, this interactive experience builds trust. Joint force with Perfect Corp.'s 3D viewer technology, the solution now includes 3D Viewers for bags, shoes, perfumes, earrings, rings, watches, and glasses. Complementing the 3D Viewer, WANNA Virtual Try-On (VTO) technology provides an additional layer of realism, enabling shoppers to see how a bag looks when worn crossbody or on the shoulder. This combination of detailed 3D exploration and real-time try-on creates a complete and effective way to evaluate quality, dimensions, and overall aesthetics, empowering consumers to make more confident purchasing decisions. By integrating 3D animation and AR-powered visualization, WANNA bridges the gap between physical and digital shopping. This technology offers brands a powerful new way to showcase handbags online, bringing higher engagement and product storytelling to e-commerce platforms. WANNA's new Bag Capacity Widget is now available for integration via SDK and will be showcased at VivaTech 2025 (June 11-14, Paris). Additionally, Perfect Corp. will present a range of innovations, including the Virtual Fitting Room and the latest AI APIs, set to redefine AI-powered beauty and fashion retail. Attendees can experience these new solutions at Booth E55 from June 11 to 14 at Paris Expo Porte de Versailles. About WANNA (part of Perfect Corp.) WANNA is an augmented reality technology company that creates immersive digital luxury shopping experiences through realistic virtual try-on, AR, and 3D solutions. As part of Perfect Corp., WANNA aims to revolutionize how people engage with fashion, empowering consumers to make confident and informed purchasing decisions. WANNA delivers solutions across multiple categories, including footwear and bags, and for various channels, including Web, iOS, Android, and WeChat mini-program. For more information, visit and About Perfect Corp. Perfect Corp. (NYSE: PERF) leverages 'Beautiful AI' innovations to make our world more beautiful. As a pioneer and leader in the space, Perfect Corp. works with over 650 partners around the globe to empower brands to embrace the digital-first world by transforming shopping journeys through digital tech innovations. Perfect Corp.'s suite of enterprise solutions delivers synergistic, technology-driven experiences that facilitate sustainable, ultra-personalized, and engaging shopping journeys through hyper-realistic virtual try-ons, AI-powered skin analyses, personalized product recommendation tools and many more Beautiful AI innovations. View source version on Contacts WANNA Media Contact: Anna Pozniak at press@ Perfect Corp. Press Contacts: Perfect Corp. official website: Perfect Corp. on LinkedIn: Perfect Corp. official Blog: Corporate: Tony Tsai at press@ or by phone: +886-2-8667-1265, ext. 2167USA: Allie Murphy at contact_pr@ or by phone +1 (415) 625-8555Japan: Kazushige Sato at contact_pr_jpn@ or by phone: +81-3-6809-1135China: Winter Zhang at Winter_zhang@ or by phone: +86-166-2139-1855Europe: Pauline Griffon at contact_pr_fr@ UAE: Marwa Mohamed at contact_pr_uae@ or by phone: +971 (0) 50-728-4178India: Taunj Mishra at contact_pr_in@ Indonesia: Efon Dea at contact_pr_id@ Error while retrieving data Sign in to access your portfolio Error while retrieving data
India Gazette
23-05-2025
- Business
- India Gazette
India leads Capacity Building Initiative on Digital Transformation in BRICS
New Delhi [India], May 23 (ANI): India on Friday hosted a Virtual Capacity Building Session on Digital Transformation in BRICS, organised by the Department of Telecommunications (DoT) through the National Communications Academy, Technology (NCA-T) in Ghaziabad, according to an official release from the Ministry of Communication. Convened under the BRICS ICT Working Group, the event brought together digital thought leaders from across the BRICS nations to explore shared challenges, best practices, and chart a path forward for robust ICT cooperation among the group countries. The session was inaugurated by Daniel Cavalcanti, BRICS Chair, and Atul Sinha, Director General of NCA-T, India. Cavalcanti commended India for hosting the session and highlighted the event's role in advancing cooperation, focusing on mobile security, cyber resilience, digital infrastructure, and digital twin. Atul Sinha emphasized on capacity building through collaboration, co-creating scalable, secure technologies, and fostering partnerships to empower citizens across BRICS nations. There were four thematic sessions addressing pressing challenges and opportunities in the digital domain. During the event, in session 1, India showcased its flagship Sanchar Saathi initiative aimed at protecting mobile users from fraud, enhancing transparency, and ensuring equitable access to mobile services. The session underscored the importance of citizen-centric regulatory frameworks that foster trust and inclusivity in digital communications. In the session 2, India and Brazil led presentations on their national approaches to cyber resilience. The discussion emphasised preparedness, rapid response, and cross-border cooperation to counter cyber threats. Session 3 focused on building secure, inclusive, and interoperable platforms. India presented AADHAAR as a foundational DPI that has revolutionised public service delivery through identity-based digital inclusion. China also shared insights on its digital infrastructure journey. The session highlighted DPI as a transformative tool for governance efficiency and service outreach. In the session 4, India introduced its ambitious Sangam Digital Twin initiative, aimed at using AI-native, federated platforms to enable scenario-based infrastructure planning and real-time governance solutions. China also shared its experiences with Digital Twin technology. The discussion showcased the use of predictive simulations and data-driven governance as game-changers for public infrastructure management. In the closing remarks, Avinash Agarwal, Deputy Director General, International Relations Division, DoT, India and the BRICS Chair, Daniel Cavalcanti, reaffirmed the commitment of BRICS nations to mutual learning and collaborative digital development. The sessions provided a robust platform for sharing national success stories, identifying scalable solutions, and laying the groundwork for future digital cooperation. The outcomes are expected to bolster strategic alliances and foster resilient, inclusive, and future-ready digital societies across BRICS. (ANI)
The South African
10-05-2025
- Business
- The South African
Eskom to implement a 14-hour power outage in parts of Tshwane
Eskom will interrupt power supply to parts of Tshwane on Thursday, 15 May, due to emergency maintenance on its distribution network. The planned power outage will last for 14 hours, from 9:00 to 23:00. It will impact customers in the Cullinan area, including the Council for Geoscience, National Library, Donkerhoek plots, Galagos Country Estate, Kleinfontein, and Rhenosterfontein plots. 'The interruption in electricity supply is necessary to perform essential emergency maintenance on our distribution power lines,' Eskom confirmed in a notice on Friday. The utility advised all affected customers to treat electrical appliances as live for safety during the outage. Eskom: Grid stability remains intact despite maintenance Eskom reassured the public that the power system remains stable. From 1 April to 8 May, the Unplanned Capacity Loss Factor (UCLF) dropped to 27.99%—a 1.2% improvement compared to last year. Additionally, planned maintenance activities have increased to 6 904MW, or 14.76% of total generation capacity. 'The power system remains stable, supported by adequate emergency reserves that are strategically deployed when necessary to manage periods of high winter peak demand,' the utility said. Eskom also reported a slight increase in its Open-Cycle Gas Turbine (OCGT) usage—rising from 3.78% to 3.87% in early May—but noted that diesel reliance is declining. According to Eskom's Winter Outlook on 5 May, the utility does not expect load shedding if unplanned power outages stay below 13 000MW. Even if breakdowns increase to 15 000MW, Eskom estimates Stage 2 load shedding would only be implemented for 21 out of 153 winter days, a significant improvement compared to last year's projections of Stage 5. To support this outlook, Eskom plans to return 2 970MW to service before the evening peak on Monday, 12 May. This additional capacity is expected to ease pressure on the grid during winter. Let us know by leaving a comment below or send a WhatsApp to 060 011 021 1. Subscribe to The South African website's newsletters and follow us on WhatsApp, Facebook, X and Bluesky for the latest news.
