Container freight rates from Asia to South America have come down from record highs but are unlikely to fall any further due to sustained demand that has crimped capacity and container supply.
Monday March 1, 2021
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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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Webcasts
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News & Analysis
24 Feb 2021
The case for container lines to invest in sensor hardware to provide visibility to shippers has been made easier by a profitable 2020 and a greater need to track scarce container assets.
22 Feb 2021
A global scarcity of containers could push cargo owners to invest in so-called shipper-owned containers, but the majority of forwarders surveyed by container selling and leasing platform Container xChange weren’t able to supply such a service.
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 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.
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
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.
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
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.
10 Feb 2021
SF Holdings’ acquisition of Hong Kong-based forwarder Kerry Logistics is a move by SF to expand its international presence.
10 Feb 2021
Instant freight quoting is becoming a divided market, with one end focused on large shippers and the other on small and medium-sized businesses, according to Freightos’ annual State of Online Freight Sales survey.
05 Feb 2021
Momentum toward digital quoting and booking in ocean shipping is undeniable, but it remains to be seen whether shippers and forwarders will demand — and container lines are actually capable of delivering — truly dynamic pricing.
04 Feb 2021
A new funding round for logistics automation software provider Slync.io is meant to enable the company to expand in Europe and Asia as it seeks to solve long-running manual process issues for forwarders and shippers.
03 Feb 2021
Fewer trucking companies are responding to shipper bids, as contract truckload pricing rises by high single-digit percentage rates, Transplace executives said Tuesday.
02 Feb 2021
A new technology-based parcel company, founded by an ex-Amazon and Walmart executive, emerged from stealth development Tuesday with aims on serving retailers spurned or inadequately served by UPS and FedEx.
02 Feb 2021
A significant number of truckload shippers delayed annual bids with the largest US truck freight broker in the fourth quarter to avoid spiking contract rates.
01 Feb 2021
Software providers say the proliferation of integrations between transportation management systems and domestic freight brokers in 2020 hints at a future in which a TMS will no longer be merely a static system, but a living platform.
26 Jan 2021
A surge in demand for Shipwell’s technology-focused managed transportation approach, with freight under management tripling in 2020, is a sign of shippers’ increased reliance on an outsourced approach to logistics.
26 Jan 2021
Additional acquisitions will fuel growth for both XPO’s transportation and contract logistics businesses, soon to be separate companies, chairman and CEO Bradley S. Jacobs said.
19 Jan 2021
Startup SILQ is aiming to provide apparel retailers with an alternative to buying houses, which act as agents that find suitable suppliers in overseas locations.
15 Jan 2021
Major US retailers in 2020 responded to COVID-19 lockdowns and last-mile delivery constraints by expanding customer fulfillment options like curbside pickup, buy online, pick up in store (BOPIS), and same-day delivery, demand for which continued to increase even as stores reopened.
14 Jan 2021
European truckload broker sennder has vaulted into the upper reaches of venture capital-based logistics startups with a $160 million funding round and a $1 billion valuation.
14 Jan 2021
A partnership between widely used rate management software provider Portrix and container line digital quoting platform BlueX Trade is yet another sign of the need for forwarders to get direct access to digital quotes offered by carriers.
12 Jan 2021
Budget limitations are forcing forwarders to choose between investing in customer-facing tools that could help grow their market share or back-end automation that could help them extract more profit from existing business.
11 Jan 2021
Post-Brexit trade changes will add an extra layer of complexity to the UK’s cross-border e-commerce market.
07 Jan 2021
The third party logistics provider SEKO Logistics has its eyes on tripling revenue over the next five years, leading it to turn to the private equity market for investment for the second time in five years.
31 Dec 2020
Parcel volume growth driven by e-commerce is expected to continue accelerating in 2021, but with carriers focusing on the most profitable shipments, shippers are turning to regional carriers and "gig" delivery platforms.
29 Dec 2020
Third-party logistics provider GlobalTranz saw a strong increase in demand for managed transportation service in 2020 and expects the outsourcing trend to continue as supply chain disruption spills into 2021.
29 Dec 2020
Technology provider Turvo has attempted to redefine what a transportation management system is since it emerged in 2017, and now it’s targeting big shippers and logistics providers dealing with multiple systems.
28 Dec 2020
Although the COVID-19 pandemic completely upended prior expectations for 2020, it also accelerated existing trends that every shipper, carrier, and third-party logistics provider should be watching in 2021.
21 Dec 2020
Visibility provider project44 has raised $100 million in its latest funding round to build out its multimodal platform while hinting it may seek to go public in the next two years.
21 Dec 2020
Freightos has developed an application programming interface (API) to allow e-commerce marketplaces to plug international freight services directly into their broader offerings to business-to-business sellers.
18 Dec 2020
There’s debate about how much of a knock-on effect COVID-19 vaccine distribution could have on other types of cargoes, but US shippers are cautioned to plan for some disruption.
18 Dec 2020
A weekly service will carry 53-foot domestic intermodal containers between Tampa and Brownsville, Texas, for cross-border shipments between the United States and Mexico.
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Commentary
Logistics relationships ace tennis tournament test