The New York Shipping Exchange has begun allowing shippers and freight buyers to migrate their long-term contracts with container lines onto the NYSHEX platform, essentially allowing contracts negotiated outside the exchange to be fully and mutually enforceable as if they were transacted within the exchange.
Tuesday February 18, 2020
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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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News & Analysis
06 Feb 2020
Despite trucking companies and brokers saying capacity is “rightsizing,” spot rates have not increased in tandem with volume and shippers could secure contract rate reductions for 2020.
04 Feb 2020
The heavily-funded forwarder told JOC.com Tuesday the layoffs are aimed at redirecting resources away from “over-invested” existing process areas into ones that “help us serve clients efficiently.”
31 Jan 2020
Trucking companies and brokers expect low rates to persist a while longer despite a surge in December and early January, and there’s no consensus as to when, or if, a sustained turnaround will take hold later this year.
30 Jan 2020
As its US network gets faster and more automated and e-commerce demand keeps growing, UPS is taking aim at small to mid-sized businesses in 2020.
30 Jan 2020
Shippers, as much as carriers, are driving toward electronic or digital bills of lading, as the need for speed and more responsive, detailed customer service increases.
28 Jan 2020
The bottom of the current slump in US freight demand is approaching, but new threats, including the China coronavirus, are emerging, speakers at the SMC3 Jumpstart 2020 conference warned.
28 Jan 2020
A London-based logistics process automation software provider has landed $7 million in funding to fuel growth of its platform, which is designed to help forwarders unearth data lodged in emails and disparate systems.
27 Jan 2020
Bolloré Logistics has picked the COO of its Asia-Pacific operation to head the company’s Americas business, which covers 45 offices in eight countries, including the United States, Canada, and Mexico.
22 Jan 2020
APL Logistics is providing a visibility product that mingles its ability to connect directly to carriers across modes with its “boots on the ground” to fill in gaps in data completeness and timeliness.
16 Jan 2020
Expect the sale or spin-off of some business to make XPO more a “pure-play” LTL trucking company — smaller, but more focused on US shippers and better positioned to increase shareholder value.
15 Jan 2020
Indian logistics player Allcargo has secured a $53 million investment from Blackstone that will be used to develop logistics parks in key consumption hubs across India.
14 Jan 2020
Shipper demand, lower modal boundaries, and changing procurement practices lead LTL technology provider SMC3 to add truckload functionality to its bidding software.
14 Jan 2020
A roundup of investment into international logistics and maritime technology has found that, outside of a $1 billion investment into the forwarder Flexport, total venture funding into startups fell from 2018 to 2019.
03 Jan 2020
It took decades to break up shipping conferences’ control and fixing of shipping rates, but now freight forwarders face a new threat from the carrier-backed TradeLens, a group that has already taken control of much of the world's container cargo data.
02 Jan 2020
The high-profile financial failings of so-called disruptors like Uber, Lyft, Grubhub, Blue Apron, and WeWork should serve as a warning to investors in the budding digital freight brokerage space.
31 Dec 2019
US intermodal, particularly domestic volume, has a tough road ahead given low spot truckload rates that will continue to push freight to the highway, but the sector could see some improvement in the second half.
27 Dec 2019
Customs officials and brokers in the United States are both being challenged by constantly changing tariff levels and a continued influx of smaller e-commerce parcels.
23 Dec 2019
Third-party logistics providers increasingly view technology as a way to make their services "stickier" and more valuable to their customers, rather than as a competitive threat.
19 Dec 2019
The survey found that 63 percent of quotes provided by forwarders were not instant, with manually generated quotes taking an average of 122 hours from the time a request was made.
18 Dec 2019
Cargo no-shows are down 75 percent on freight booked via the Maersk Spot guaranteed online booking platform, according to the container carrier.
18 Dec 2019
On the east-west trades, some services with higher CO2 emissions come with the same cost and transit time as those services providing a more eco-friendly operation.
10 Dec 2019
DB Schenker will use a Dutch startup to provide container line schedules to enable the German 3PL’s digital quoting and booking tools, pressing home the need for digital procurement platforms to have good underlying schedule data.
06 Dec 2019
Sponsored: Sandra Karlsson, head of DGF GoGreen Europe for DHL Global Forwarding, discusses the significance of IMO 2020, the regulation's actual impact, consumer expectations, and exciting decarbonization options available to shippers.
02 Dec 2019
Austin-based technology company Shipwell has in the past been dubbed a freight marketplace, a broker, and a software provider, but bolstered by a large funding round in October, the company is focusing on automation and connectivity for shippers.
26 Nov 2019
SaaS tools in the international logistics space have been relatively underfunded compared to other models, like digital freight forwarders and marketplaces, but investment in Seattle-based Logixboard could signal investors are ready for more pure software-based plays.
26 Nov 2019
An array of ocean freight portals, mostly developed by tech startups, have entered the Indian freight landscape in recent years, trumpeting pricing transparency and shipment visibility. But they have much ground to gain to seriously challenge traditional players.
20 Nov 2019
JOC Container Trade Europe 2019 Day 1 Keynote Speaker Marc Meier discusses the opportunities that global container freight movement presents in its very complexity, ambiguity, and volatility. Meier, managing partner and CEO of Fr. Meyer's Sohn, describes navigating the changing perception of freight forwarder value, compression of rates, and IMO 2020 uncertainty.
19 Nov 2019
The acquisition of Emergent Cold gives US-based Lineage Logistics greater access to Asian markets and facilities at three US ports.
08 Nov 2019
A shift to time-based truckload rates will come, eventually, as electronic logging and detention disputes reshape supply chains, a TIA report finds.
07 Nov 2019
DHL Forwarding has been trialing a blockchain-based system of producing invoices for one-off non-contractual shipments with its customer Hewlett Packard Enterprise.
06 Nov 2019
Shipment management software provider CargoSmart has tested a connection between a Hong Kong banking platform and shipment data provided by terminals and container lines to speed approval of trade finance processes and expand the range of shippers who can receive financing services.
05 Nov 2019
Sponsored: What keeps shippers up at night? Kuehne + Nagel's EVP Otto Schacht discusses customer concerns around fuel pricing and availability with the approaching IMO 2020 low-sulfur regulation, freight rate market fluctuations, the future of contracting, and the e-commerce impact on predictability expectations.
30 Oct 2019
Large truckload carriers continue to shed trucks, according to the JOC Truckload Capacity Index. Logistics providers, however, report ample available truck capacity.
30 Oct 2019
Freight brokers believe spot market rates will remain lower than historical norms through the first half of 2020 despite a recent seasonal bump in rates.
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Commentary
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