October 2, 2023 7:07 am
FIU Business enterprise Receives a $1.25 Million Grant from PayCargo for Provide Chain and Logistics System

PayCargo, the freight payment platform, has offered a $1.25 million donation to Florida International University’s College of Business enterprise (FIU Business enterprise) to establish the PayCargo Provide Chain and Logistics System. FIU Business enterprise was the initial company college in Florida to introduce a Master of Science in Logistics and Provide Chain Management plan in the fall of 2018. Not too long ago, in the QS Planet University Rankings for 2022, the plan was ranked No. 7 in the United States. Also, the college introduced a Bachelor of Business enterprise Administration in Logistics and Provide Chain Management in 2018.

Eduardo del Riego, the CEO of PayCargo and an alumnus of FIU Business enterprise with a BBA in Finance, expressed his delight in supporting the college by way of the present. He stated, “Our partnership will permit FIU to develop extra connections to crucial corporations driving the development of our market as effectively as educate the students on top-edge technologies and ideas that will aid solidify South Florida as a center of excellence for logistics and provide chain.”

The donation from PayCargo will help in the improvement of infrastructure and faculty knowledge for the plan. It will also help student recruitment and profession readiness by delivering fellowships and internships, organizing firm visits, and establishing a speaker series with market executives. In terms of faculty-focused efforts, connections with logistics and provide chain researchers will be enhanced, and participation in international conferences will be elevated.

William Hardin, the dean of FIU Business enterprise, emphasized the significance of the present. He stated, “The present is a recognition of what we have achieved and what we can obtain. It makes it possible for us to dedicate sources year-round, attend events all more than the U.S., elevate our progress, and engage with the market.”

PayCargo, founded in 2005, utilizes cloud-primarily based technologies to facilitate virtual payments for a variety of entities in the logistics market, which includes air and ocean carriers, maritime ports, ground handlers, freight forwarders, and customs brokers. This technologies enables faster cargo release for corporations.

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