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

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.
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
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.
TradeLens boosts arsenal with addition of Hapag-Lloyd, ONE
02 Jul 2019
With the addition of Hapag-Lloyd and Ocean Network Express (ONE), TradeLens members now control more than 61 percent of global containership capacity, according to maritime analyst Alphaliner.
Specialized SaaS visibility supplanting end-to-end approach
11 Jun 2019
Shippers might dream of a single end-to-end visibility system, but providers still specialize in certain areas, so a more realistic approach is figuring out how to stitch deep, but narrow, systems together.
10 Jun 2019
The Port of Montreal believes that by the end of the summer truckers will be able to plan their pick up or drop off of cargo at the port with the help of a turn-time prediction created by using artificial intelligence techniques.
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.
VC funding expanding regional digital forwarder reach
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.
WEF offers logistics industry-created blockchain 'toolkit'
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.
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.