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.
Severe supply chain disruption in the world’s key markets has led to a joint effort among international competition authorities to investigate potential collusion.
Patrick, the biggest terminal operator in Australia, was the last of the major terminal companies to agree to a new deal with the Maritime Union of Australia following multi-year agreements last year between the MUA and the other leading terminal operators in the country.
San Francisco-based Passport said it will use $39 million in new funding to expand its outbound parcel platform for US e-commerce sellers looking to manage logistics and trade compliance on international orders.
Hong Kong-based container carrier OOCL saw significant increases in freight rates and per container revenues thanks to supply chain disruption across key origin and destination markets.
A $7.5 million funding round into Australia-based forwarder Explorate continues to demonstrate venture capital’s regional backing of the digital forwarder model.
There will be an enormous gap in the price between zero-emission fuel and conventional marine fuel over the next 20 years – something that needs to be addressed, according to a report from the Getting to Zero Coalition.
An investigation into Australia’s shipping sector follows months of disruption to supply chains due to port congestion, stevedore industrial action, and curtailed carrier services.
The decision to halt further strikes, at least for a month, came after Australia’s competition watchdog highlighted how labor issues have added to supply chain disruption, exacerbating congestion and delays.