Logistics Technology

Logistics Technology

Technology is now embedded in the very fabric of the way that freight moves across oceans and land. A major dynamic driving technology in logistics is the rise of e-commerce, which has heightened customer expectations in both consumer and industrial markets, and raised demands placed on logistics teams.
Another major factor is the flood of venture capital funding, underpinning hundreds of logistics technology startups, while serving to accelerate the overall pace of innovation.
The dizzying pace of new start-ups, new buzzwords and new information makes it extremely challenging to chart an intelligent, risk-averse path. For shippers, it can be confusing to decide which areas of their business make the most sense to invest in, which specific solutions to use to track their supply chain data and to evaluate their current systems and processes.
The logistics technology choices that ocean carriers make will have a significant impact on the overall direction of the logistics technology sector in the future, because much of the data that shippers need in order to optimize their supply chains originates within the data networks of those carriers. To maximize the benefits of such initiatives, the critical data must be accurate, and must flow through such channels as Electronic Data Interchange (EDI) and Application Programming Interfaces (APIs) in a timely fashion.
In an effort to improve the quality of this data, some ocean carriers are taking steps to collectively harmonize their data standards.

Commentary

Their up-front costs may be more, but the economies of scale for collapsible containers are even greater.

News & Analysis

03 Dec 2019
Cass Information Systems is partnering with the University of Tennessee to enhance its benchmark truckload and intermodal pricing indexes, and explore new data opportunities.
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.
25 Nov 2019
JOC LogTech19 panel recap on technology investment disconnects as well as possibilities for smoothing the freight interchange between international and domestic modes.
14 Nov 2019
"There's a growing appetite to re-evaluate the buying-selling relationship," in freight contracting, says Xeneta CEO Patr
14 Nov 2019
Carolyn Glynn, director, imports, Sealink International provides a recap of the JOC LogTech19 Conference panel on automation of freight procurement, the question of contracts that don't hold carriers to their allocation commitment, and how this movement will change the very meaning of procurement.
12 Nov 2019
Through a partnership with the software provider BlueX Trade, the Taiwan-based container carrier will allow shippers and non-vessel-operating common carriers (NVOCCs) to book space digitally “within minutes,” the companies said Tuesday.
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: Logistics service providers need to understand that cargo owners are expecting the visibility of Amazon packages for their freight, said Michelle Gaubert, director, CyberLogitec America.
El Dorado, a new tech experience at TPM20
17 Oct 2019
The two-day "El Dorado" tech experience will address the growing need among beneficial cargo owners, third-party logistics providers, container lines, ports, and other freight transportation interests to understand the true value of technology and navigate an increasingly complex landscape of vendors and emerging technologies.
16 Oct 2019
Emergence of platforms across modes will help breakbulk market implement new tech. JOC Senior Editor Eric Johnson on challenges, steps forward for project cargo shippers that want to leverage tech for improved visibility, data.
14 Oct 2019
DP World will invite 10 Indian startup businesses to participate in an interactive technology program as it seeks to leverage the benefits of blockchain, artificial intelligence, robotics, simulators, and the internet of things (IoT) for the development of smart trade solutions.
10 Oct 2019
With the acquisition of the software maker Crux Systems, Flexport is becoming a provider of third-party visibility data while also eschewing concerns about M&A expressed in the wake of its $1 billion round of funding in February.
10 Oct 2019
The pace of technological growth is exceeding the logistics sector’s ability to come up with ways to use it, leaving the market with “solutions” that do not align with actual shipper needs.
10 Oct 2019
The Reston, Virginia-based software supplier’s new “Book it Now” feature adds an execution element to its existing load-matching capabilities.
10 Oct 2019
Venture capital firms are pouring an unprecedented amount of funding into logistics-focused startups, but a focus on rapid revenue growth over sustainable profitability may not be leading these companies away from products that would provide the most value to shippers.
01 Oct 2019
The India Ports Association is looking to link its digital platform to a network operated by Abu Dhabi Ports, sources said, as India seeks more international integration in logistics.
30 Sep 2019
The convergence of contract and spot rates for ocean freight and the increased availability of instant digital quoting tools is pushing more cargo to the spot market and changing shipper negotiation strategies for long-term contracts.
24 Sep 2019
The partnership with JDA is the latest sign of how Maersk is seeking to become an integrator, deepening its reach into landside transport, customs brokerage, and distribution.
16 Sep 2019
Chicago-based Forager last week became the latest logistics technology startup to take aim at the increasingly complex US cross-border trucking market.
Technology smoothing logistics sourcing shifts
12 Sep 2019
Older logistics outsourcing models are being replaced by collaboration among multiple partners on specific, high-priority projects as technology advances.
12 Sep 2019
The adoption of blockchain-based container shipping software may depend on the efficacy of associated identity management and data security components.
12 Sep 2019
DHL Supply Chain will connect with the truckload freight network of Seattle-based broker Convoy and San Francisco-based collaborative software provider Turvo, startups that have raised more than $355 million in combined funding.
11 Sep 2019
Despite being incredibly complex and heavily reliant on personal relationships, certain elements of project cargo logistics can be streamlined through digitization.
09 Sep 2019
“We don’t think about our supply chain as a collection of technologies, but as processes,” Abir Thakurta, vice president of global supply chain for the Atlanta-based furniture retailer, said in a keynote address to the conference. “For us, it’s about supply chain performance. I’m interested in outcomes. If you’re a technology provider, think outcomes, not solutions.”
09 Sep 2019
So much of the discussion around international logistics technology is focused on so-called disruptors and the vast amounts of money behind them, but the reality is that disruption isn’t where the action is taking place.
27 Aug 2019
JOC Senior Technology Editor Eric Johnson talks about what the introduction of three new carrier-developed digital entities — TradeLens, the Global Business Shipping Network, and the Digital Container Shipping Association — means to the liner shipping industry.
26 Aug 2019
Supply chain software providers are using application program interfaces (APIs) to connect previously disparate data sources and systems, potentially ushering a new strata of neutrality in freight transportation.
09 Aug 2019
Sponsored: Digital marketplace Emerge launched in late 2018, connecting shippers directly with carriers. At JOC’s TPM conference in March 2019, President Grant Crawford discussed the plans for expanding live data and the direction from which he sees the next wave of innovation coming.
09 Aug 2019
An international freight rate marketplace provider is providing forwarders with a free quoting tool to drive adoption of instant quotes while also building capacity for its BCO customers.
29 Jul 2019
Increased tariff levels are often not accounted for when shippers secure financing for shipments, one of a range of issues the freight forwarder Flexport plans to tackle with its Flexport Capital product.
26 Jul 2019
Maersk’s investment in digital trucking marketplace Loadsmart presaged a move to offer integrated US truckload rates on its online booking platform, a move the carrier confirmed this week.
18 Jul 2019
E2open has barged into the global logistics community’s consciousness on the back of acquisitions of some of the industry’s stalwart software providers, and now plans to sell shippers on the value of connectivity and harmonized upgrades.
15 Jul 2019
Software user interfaces are slowly becoming a higher priority for shippers as software vendors invest in making their systems more intuitive, but the importance of the UI depends on the role.
John Atkins, president GCT
03 Jul 2019
Sponsored: John Atkins, President, Global Container Terminals USA, discusses his company's recent expansions, including their ExpressRail Port Jersey and truck reservation system.
Data compartmentalization key to TradeLens carrier buy-in
02 Jul 2019
Maersk’s rival carriers understand their data will be kept private, and broader carrier acceptance will drive more value for shippers, Maersk’s TradeLens emphasized to JOC.com.