Nowports has landed a cash infusion from logistics technology investor SoftBank to expand its reach in the LatAm market, as investment in the so-called digital forwarding model shows no signs of slowing.
Logistics Providers
Logistics Providers
In-depth coverage of freight-forwarders, including the latest quarterly earnings mergers and acquisitions, and news about new technologies that promise to improve productivity, and reduce costs for freight forwarders, shippers, carriers and other stakeholders in the global trade community.
From the leading forwarders – such as DHL, Kuehne + Nagel, DB Schenker, Flexport, DSV, Expeditors, Panalpina, Nippon Express, UPS, Bollore Logistics, Ceva, Hellman and Geodis – to the smaller forwarders, JOC not only keeps the shipping community up to date with the latest headlines, but explains which news developments are likely to have a long-term impact on their supply chains and those of their customers.
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News & Analysis
19 May 2022
Software provider Everstream Analytics plans to use a new $24 million investment to expand the geographic reach of its suite of supply chain risk and network planning products.
10 May 2022
Stord, which provides technology and supply chain services to shippers, has used expansion into transportation and fulfillment to attract capital that it sees as protection in a market where investment may be harder to capture.
29 Apr 2022
Shipper demand for more integrated port-to-door logistics is driving development of new, denser distribution networks, with facilities popping up in previously overlooked locations, Ryder System said.
27 Apr 2022
Rates and volumes may ease through the second half of the year, but there will be no relaxing of the disruptions faced by supply chains on the major trade lanes, says DSV.
26 Apr 2022
A new office near Washington, DC, is intended to help the CMA CGM–backed startup accelerator ZEBOX attract technology that can help its corporate partners in North America advance their digital logistics initiatives.
26 Apr 2022
Kuehne + Nagel reported solid-first quarter results, but its outlook for the rest of the year remains muddied with no end to COVID-19 controls in China, deteriorating global supply chains, and consumer demand uncertainty.
22 Apr 2022
Importers wanting to avoid duties on low-value shipments can use Canada as a waypoint through a new program between North American fulfillment provider ShipHero and a Canadian customs broker.
14 Apr 2022
Two members of the Federal Maritime Commission say ocean carriers need to tread lightly when assessing per diem container fees that are related to the cyber-attack on forwarder Expeditors.
13 Apr 2022
Lineage’s latest acquisition expands the global food chain logistics company’s reach across Canada.
08 Apr 2022
CMA CGM has made another major acquisition, bringing Europe’s main automotive logistics service provider under the wing of CEVA Logistics.
08 Apr 2022
The shift of containerized freight from the West Coast to the Gulf Coast and Southeast is absorbing truck capacity in those regions and pushing up spot rates, including rates from Houston to California.
07 Apr 2022
Forwarding software provider Magaya is wading into the less-than-truckload technology market with an automated pricing tool meant to help its customers quote faster to shippers.
04 Apr 2022
Third-party logistics providers (3PLs) took advantage of 2021’s roaring rate environment to expand their net revenue, with rapid growth among the largest forwarders further compounded by merger and acquisition activity.
29 Mar 2022
Greater network efficiency and profits will be priorities for new FedEx leadership as e-commerce reshapes global markets.
24 Mar 2022
BlueX Trade is providing an extended credit product to small shippers and forwarders to help them manage working capital in the wake of historic ocean freight and ancillary fee costs.
22 Mar 2022
Already elevated fuel prices are increasing across freight transport modes in the wake of oil market volatility related to Russia's invasion of Ukraine, shifting shippers' focus back to costs after two years in which speed of delivery has been paramount.
22 Mar 2022
Exporters struggle to get access to trade finance tools due to technology and regulatory limitations, a gap that startup provider Fishtail is aiming to fill with a new $4.5 million venture investment.
21 Mar 2022
Aircon, a technology provider aiming to bring a software-based co-loader approach to the air freight industry, has been backed by early-stage investors to drive planned aggregation of air cargo.
16 Mar 2022
German startup Flowfox is working with Kuehne + Nagel to pilot its platform that automates import clearance and container re-use at European ports with an eye toward global expansion of the solution.
15 Mar 2022
Payment technology options continue to grow for freight intermediaries, with Los Angeles-based Freightpay the latest to get funding to build its early-stage payment platform.
14 Mar 2022
Prompt, which works with many of the top 25 global forwarders to automate integrations and data entry, is breaking out of its stealth nature of operating with an expansion of systems into which it connects.
10 Mar 2022
Insurance technology provider Loadsure plans to use an $11 million funding round to expand in the US freight market and serve forwarders managing international shipments.
09 Mar 2022
The FMC has temporarily exempted Expeditors International from tariff filing obligations to allow the beleaguered forwarder to recover following a ransomware attack on its systems two weeks ago.
08 Mar 2022
A digitally oriented forwarder tied to the Bolloré Group has opened a North America office to tap into burgeoning US demand as the race to attract online-oriented shippers gathers steam.
07 Mar 2022
CMA CGM has followed the industry trend of reporting extreme profitability for 2021, dramatically paring down debt while making several billion-dollar acquisitions.
07 Mar 2022
Digital forwarder Forto has smashed through the $2 billion valuation barrier with a new round of funding that it will use to grow its presence in Europe and Asia.
02 Mar 2022
As container lines pull back on inland point intermodal (IPI), US importers are rethinking their landside delivery plans and containerized freight is moving further inland before being deconsolidated.
25 Feb 2022
Supply chain partners who share shipment data that is filed with US Customs via a common platform can help terminal operators build “peel-off” piles that help to reduce trucker turn times.
22 Feb 2022
Expeditors International has yet to fully recover from a cyberattack over the weekend that forced the forwarder to shut down its entire computer network.
22 Feb 2022
A mystery shopper survey by forwarding technology provider RPA Labs found that the vast majority of forwarders can’t automate quotes for a new ocean customer.
18 Feb 2022
Kerry Logistics’ plan to buy The Topocean Group will further consolidate the booming trade among non-vessel-operating common carriers able to provide end-to-end services on the eastbound trans-Pacific.
16 Feb 2022
C.H. Robinson Worldwide, the largest US freight broker, sees autonomous trucking as a “new mode” and a way to better manage its partners’ assets, creating capacity for shippers.
16 Feb 2022
The Pilot Freight acquisition gives Maersk not just last-mile delivery capabilities, but the “middle-mile” backbone needed to speed freight to the final mile.
09 Feb 2022
The $1.6 billion acquisition of Pilot Freight Services gives Maersk greater power to integrate ocean, air, and land-based services from the first to last mile.
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Commentary
MTS providers need final-mile strategy to serve demanding shippers