TechTaffy

tech:

taffy

FedEx Trade Networks Completes ACE Migration

By TechTaffy Desk

[Techtaffy Newsdesk]

FedEx Trade Networks, the freight forwarding and customs brokerage arm of shipping giant FedEx, has enabled ACE (Automated Commercial Environment) entry summary filing at all U.S. ports of entry. The year-long migration effort began at U.S. border crossings, and then expanded to commercial air and sea ports, before concluding with ACE implementation at all FedEx Express international hubs.

ACE is U.S. Customs and Border Protection’s (CBP) new automation system which replaces the aging Automated Commercial System (ACS). By getting on board early, FedEx Trade Networks has developed its expertise and improved its system capabilities for the new regulatory environment.

As an early ACE adopter, FedEx Trade Networks and its participating customers are taking advantage of the new features of ACE, including the use of electronic Post Summary Corrections (PSCs) to replace paper Post Entry Amendments (PEAs), says the company. FedEx Trade Networks is also participating in the ACE Simplified Entry and the Document Image System (DIS) pilot programs.

[Image Courtesy: Department of Homeland Security]

Just in

Series A

Tembo raises $14M

Cincinnati, Ohio-based Tembo, a Postgres managed service provider, has raised $14 million in a Series A funding round.
Around the web

Raspberry Pi is now a public company — TC

Raspberry Pi priced its IPO on the London Stock Exchange on Tuesday morning at £2.80 per share, valuing it at £542 million, or $690 million at today’s exchange rate, writes Romain Dillet. 
Fundings

AlphaSense raises $650M

AlphaSense, a market intelligence and search platform, has raised $650 million in funding, co-led by Viking Global Investors and BDT & MSD Partners.
Around the web

Elon Musk’s xAI raises $6B to take on OpenAI — VentureBeat

Confirming reports from April, the series B investment comes from the participation of multiple known venture capital firms and investors, including Valor Equity Partners, Vy Capital, Andreessen Horowitz (A16z), Sequoia Capital, Fidelity Management & Research Company, Prince Alwaleed Bin Talal and Kingdom Holding, writes Shubham Sharma. 
IT

Capgemini partners with DARPA to explore quantum computing for carbon capture

Capgemini Government Solutions has launched a new initiative with the Defense Advanced Research Projects Agency (DARPA) to investigate quantum computing's potential in carbon capture.