The head of Maersk’s venture capital arm, and his counterpart on the business side of the container line, are starting a new independent fund to invest in later stage supply chain and logistics startups.
Monday March 1, 2021
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Project Cargo
Project Cargo
Often associated with a large capital project such as a plant, a refinery, or a wind farm, project cargo logistics means moving all the many items required to build that project, from (perhaps) massive, one-of-a-kind pressure vessels to many freight tons of pipe and steel to containers full of valves, screws, and nuts and bolts. Sourcing can be global and very complex, and time from engineering to procurement to completion can take months or even years.
Webcasts
Mar 25, 2021 11:00AM EDT
News & Analysis
18 Feb 2021
Relay Payments is expanding its "lumper payment" platform, allowing truck carriers and brokers to automate the settlement of cargo unloading fees to receiving facilities.
18 Feb 2021
The need to handle rising LCL and air freight volume within its network is behind the acquisition by Rhenus of a rival’s forwarding business in Germany.
18 Feb 2021
Vaccinations of longshoremen in Los Angeles-Long Beach have begun, but since the ILWU and employers do not control the supplies, administration of the vaccines is erratic.
18 Feb 2021
Just when the container shipping system needed more capacity to handle resurgent volumes, the reduced circulation of containers caused a contraction in available capacity, driving up rates and further compounding massive cargo delays.
18 Feb 2021
The “peak” shipping season in the eastbound trans-Pacific began last summer and continued right through January, with no significant drop in US imports from Asia in sight.
17 Feb 2021
Texas is the epicenter of supply-chain damage caused by Winter Storm Uri, but the disruption is being felt nationwide. Mexican imports by truck may be delayed for days.
17 Feb 2021
The Federal Maritime Commission will take a deep look into the detention and demurrage practices in Southern California and New York and New Jersey, requiring ocean carriers and maritime terminal operators to answer questions about their policies related to importers and exporters.
17 Feb 2021
The IMO's low-carbon standards and shippers eager to reduce their carbon footprints are pushing vessel operators toward lower-emission designs such as WW’s wind-powered ship.
17 Feb 2021
A trade finance startup this week got $7.8 million venture capital investment to arm exporters and logistics providers in Mexico with access to working capital.
17 Feb 2021
The current freight rate debacle serves to create a significant competitive advantage for large retailers versus small retailers, and also create a competitive advantage for retailers of high-end products versus those with cheaper products.
17 Feb 2021
The field to supply the shipping industry with container level visibility is getting more crowded, with Bay Area-based Vizion API getting seed funding to build more complete container status data.
17 Feb 2021
Evolving technology has allowed Maersk to fast track the deployment of its first methanol-fueled container vessel.
16 Feb 2021
Logistical challenges throughout the supply chain from the interior of the country to the seaports are a severe limitation on US exports, commodity shippers say, as total outbound US shipments fell 8.1 percent last year from 2019.
16 Feb 2021
Cross-border carriers lack a load board analogous to the widely-used tools available to drivers on US domestic moves, something the broker and technology provider Forager is attempting to address.
16 Feb 2021
Union Pacific Railroad is shutting down virtually all business across its intermodal network for 72 hours because of snow and ice in the Pacific Northwest, Midwest, and even as far south as Texas.
16 Feb 2021
The latest walkout action at Australia’s automated terminal in Melbourne furthers test the port system marked by berth congestion amid surging import demand
16 Feb 2021
Hapag-Lloyd says it expects to continue to reap hefty rewards from strong demand and high rates that led the carrier to a record 2020 operating result.
16 Feb 2021
A growing gap between inventory and sales in many US business sectors is projected to drive replenishment, expedited shipping, and high levels of imports for months to come.
16 Feb 2021
Flexport has developed its own spin on an age-old forwarding solution, the purchase order management system, by focusing on messaging between importers and suppliers.
16 Feb 2021
Backlogs in Chinese factory orders and sustained demand from the US and Europe is keeping air cargo capacity full and rates up during a period that is typically the slack season.
15 Feb 2021
Europe’s pandemic-weakened economies are struggling to recover this quarter, and slowing demand is being reflected in freight rates that have been sliding since mid-January.
15 Feb 2021
DSV said it is becoming a sustainability consultant for shippers as it put forth carbon reduction goals last week that govern both emissions it controls and those it doesn’t.
12 Feb 2021
RIM Logistics turned to an early stage forwarding software provider to help it migrate internal data into customer dashboards so it could avoid losing business to forwarders with intuitive user interfaces
12 Feb 2021
Old Dominion Freight Line is closely following big box retail customers, adding new service centers as e-commerce spurs construction of new distribution centers.
12 Feb 2021
Forwarders are viewing traditional backbone operating systems not as a one-stop technology shop, but rather as a vehicle to attach complementary tools that help them serve shipper customers better.
12 Feb 2021
Having greater control of growing volume at ports and inland corridors, and tackling competition, is behind two huge port mergers in Europe.
12 Feb 2021
With personal protective equipment (PPE) still critical amid a multi-month surge of Asian cargo into Canada and the United States, the resumption of Montreal strike actions after a truce expires March 20 would be highly disruptive to cargo flows through eastern Canada.
12 Feb 2021
CMA CGM has taken a giant step deeper into the air freight market, launching an air cargo division to provide global coverage out of Europe.
11 Feb 2021
Increasing US truck freight demand from ports to factories may slow the decline in spot truckload rates seen by DAT, while contract motor carriers take on more business.
11 Feb 2021
Drewry's charter rate index is up 2.2 percent for February as COVID-19 lockdowns drive consumers to favor premium container cargoes.
11 Feb 2021
Volume has jumped more than 20 percent for three consecutive months in Savannah, which has slowed the supply chain for some shippers but not nearly as much as in Southern California.
11 Feb 2021
Several top French shippers have committed to a wind-driven sailing service on the trans-Atlantic as part of efforts to further reduce their cargo’s carbon footprint.
11 Feb 2021
The demand surge that is congesting supply chains out of Asia is expected to continue long after Chinese New Year as carriers and ports battle with cargo backlogs.
10 Feb 2021
SF Holdings’ acquisition of Hong Kong-based forwarder Kerry Logistics is a move by SF to expand its international presence.
Commentary
Ailing shipping system needs Biden's help