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

05 Jun 2019
Estes Express is one of several US less-than-truckload carriers expanding its non-LTL business as shippers look for more services from carrier partners.
03 Jun 2019
After years of undercutting each other on rates to gain market share and the resulting waves of consolidation, large container carriers seem to have come to a realization that they will sink or swim together.
30 May 2019
At the congested US-Mexico border, the focus is shifting from expediting stranded shipments to managing capacity to optimize the flow of truck freight.
20 May 2019
At a time when freight volumes should be increasing, they’re slowing, casting a shadow over the outlook for US trucking and intermodal rail operators.
09 May 2019
A blockchain protocol developer and a payroll services company have combined to alleviate the need for small trucking companies to turn to factoring services.
07 May 2019
The pioneer in on-demand warehousing, Flexe, nabbed $43 million in venture capital funding to build out its short-term spot contract logistics marketplace.
03 May 2019
Venture capital groups worldwide have been pouring money into the digital freight forwarding model, but the regional proliferation of such companies is mirroring traditional forwarder development.
02 May 2019
Ocean contract management tools are more commonly associated with freight forwarders, but shippers can find value enabling real-time access to centralized rates.
01 May 2019
San Francisco-based domestic freight broker Opus9 has added a new dimension to its instant pricing functionality by offering instant drayage rates.
01 May 2019
A new World Economic Forum initiative is designed to help shippers and other supply chain parties better understand how to judge whether blockchain is required and how to deploy it effectively.
29 Apr 2019
Sponsored: NYSHEX VP Kim Cockrell on challenges BCOs faced this past peak season, and how shippers can minimize these issues through guaranteed space and equipment and fixed pricing.
29 Apr 2019
Uber Freight has established a direct integration into SAP’s widely used TMS, enabling the digital broker to expand the demand side of its marketplace and SAP users to tap into Uber’s driver network.
26 Apr 2019
The Port of Los Angeles is attracting support from ocean carriers, terminal operators, truckers, railroads, and other stakeholders for a proposed "cyber resilience center."
25 Apr 2019
The French ocean carrier is offering instant rate quotes as part of a larger suite of electronic tools designed to simplify processes for shippers, as well as bring greater control of CMA CGM’s data in house.
25 Apr 2019
Prior attempts at guaranteed ocean products have struggled due to a lack of demand for higher-priced premium services; what makes Kuehne + Nagel’s KN Pledge any different?
17 Apr 2019
Container carrier Zim is the second independent line to join Maersk and IBM’s blockchain platform, with other European carriers poised to join, JOC.com has learned.
16 Apr 2019
Four of the world’s largest shipping lines received clearance this week to begin developing data standards through a new association designed to help carriers to tap more quickly into outside digital innovation.
16 Apr 2019
Pervinder Johar, CEO of visibility provider Blume Global, says investment from new owner Apollo Funds is “foundational” to the next stage in the company’s growth.
15 Apr 2019
Toll Global Forwarding is the latest global forwarder to offer instant quoting through a new three-year partnership with software provider Kontainers.
13 Apr 2019
Sponsored: DB Schenker's Executive Vice President, Ocean Freight, Trond Prestroenning discusses the new generation of logistics professionals and the more subtle, long-term industry impact of the larger societal shift in expectations for visibility and live data.
12 Apr 2019
Proliferation of low-cost transportation management systems, enabled by the rise of SaaS, means such tools are available to a wider range of shippers, carriers, and brokers than ever before.
09 Apr 2019
The e-commerce giant was one of Flexport’s largest customers last year, but the two may eventually compete in the still-nascent “logistics-as-a-service” market.
Eric Johnson, senior editor, technology, JOC,
09 Apr 2019
Eric Johnson, senior editor, technology, JOC,
09 Apr 2019
Research by Ocean Audit estimates Flexport moved more cargo than some of the forwarder’s skeptics assume, but less than the company portrays.
03 Apr 2019
Top 10 freight broker GlobalTranz continued its recent acquisition spree at the same time it was acquired by a former equity investor.
02 Apr 2019
The NYC Hackathon in late March widened the pipeline of technology talent that now understands the problems afflicting the maritime industry, although a lack of standard data formats remains a challenge.
28 Mar 2019
With roughly one-third of an average US inbound FCL container empty, the forwarder has created a product to match compatible LCL and FCL cargo, giving FCL shippers a discount to compensate for additional transit time.
Eric Johnson, senior editor, technology, JOC
27 Mar 2019
Eric Johnson, senior editor, te
26 Mar 2019
The social media titan is by no means the first to try to tackle cross-team collaboration and communication, but the ubiquity of its consumer platform may give the Workplace system an edge over lesser-known competitors.
26 Mar 2019
The Danish shipping giant has established a start-up accelerator in India that aims to help develop technologies Maersk can one day leverage back into its own digital transformation.
21 Mar 2019
A new product from the Zurich-based cargo sensor and tracking provider will provide banks and other financiers with increased visibility into freight moves and associated risk, allowing for faster deployment of capital.
20 Mar 2019
Modern software can be more than the sum of its parts thanks to the ease with which systems can integrate with each other via application programming interfaces (APIs).
19 Mar 2019
Experts tell JOC.com that although the development of data standards may not be a necessity for increasing deployment of technology in container shipping, it would accelerate the process.
18 Mar 2019
The technology provider, best known as a pioneer smartphone maker, is doubling down on its investment in sensor-based freight transportation asset tracking using its legacy location and battery technology.