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News and analysis of freight forwarding, NVOCCs, third-party logistics, and shipper strategies
The latest
Forwarding
News & Analysis
MSC bid for French forwarder extends carrier’s recent buying spree
Greg Knowler, Senior Editor Europe |
There has been no sign of a slowdown in the carrier’s acquisition activities as it uses its cash-rich position to expand its footprint in key port and logistics markets.
Maritime
Container Shipping News
Container lines
Forwarding
Asia-Europe
Shippers eye varied ‘training wheel’ approach to origin management technology
Eric Johnson, Senior Technology Editor |
Getting the most out of global logistics software sometimes involves using a forwarder as a co-pilot until a shipper is ready to run processes similarly to procurement and order management internally.
Logistics Technology News
Container Shipping News
Forwarding
Supply chain
Roadrunner to enter Canada as K+N, Canada Cartage make cross-border acquisitions
William B. Cassidy, Senior Editor |
The expansion of the three companies, all representing different modes across the US-Canadian border, underscores the depth of the relationship between the two economies.
Surface
Forwarding
Trucking News
Truckload
LTL
Forward Air formally moves to terminate Omni Logistics merger
William B. Cassidy, Senior Editor |
The expedited less-than-truckload provider has asked a Delaware court to let it kill the controversial deal that has caused its share price to plummet and raised the ire of activist investors.
Surface
Forwarding
Trucking News
LTL
Carrier consolidation, NVO competition weigh on shipper association growth
Eric Johnson, Senior Technology Editor |
Shipper associations that struggled to grow during the COVID-19 pandemic because there was no extra capacity to sell are now trying to convince shippers of the benefits of rate stability.
Container Shipping News
Container lines
Forwarding
Falling backhaul Europe-Asia rates ‘subsidizing’ eastbound freight moves
Greg Knowler, Senior Editor Europe |
With weak demand for European imports in Asia and ample vessel capacity, spot rate levels on the backhaul trade are in freefall.
Maritime
Container Shipping News
Container lines
Forwarding
Asia-Europe
Convoy acquisition meant to serve import customer truckload demand: Flexport CEO
Eric Johnson, Senior Technology Editor |
Ryan Petersen tells the Journal of Commerce that the first order of business after this week’s acquisition of Convoy’s tech stack is getting the Convoy app running again and reaching out to the shuttered company’s customers.
Logistics Technology News
Forwarding
Omni Logistics sues Forward Air to enforce completion of merger deal
William B. Cassidy, Senior Editor |
Freight forwarder Omni isn’t giving up on a merger with Forward and is moving to force completion of the deal despite Forward’s cold feet.
Surface
Forwarding
Trucking News
LTL
Kuehne + Nagel sees no inflection point yet for global freight recovery
Michael Angell, Associate Editor |
The world’s largest ocean forwarder by volume said that despite an uptick in container freight during the third quarter, many customers still have too much inventory on hand from prior years.
Forwarding
Container Shipping News
Trans-Pacific
DSV signs onto $10 billion JV linked to Saudi-backed NEOM port project
Greg Knowler, Senior Editor Europe |
The announcement was made simultaneously with the forwarder releasing its nine-month financial results that reflected softening air and ocean markets, dragging down profitability from last year’s record performance.
Forwarding
Maritime
International ports
Air Cargo
Lawsuit from former CEO prompts Slync bankruptcy filing
Eric Johnson, Senior Technology Editor |
The company will sell its technology and shut operations, deciding it could not grow its business while paying the legal fees of ousted CEO Chris Kirchner.
Logistics Technology News
Forwarding
Capacity glut, forwarder competition drive Asia-Europe ocean rates lower
Greg Knowler, Senior Editor Europe |
Spot rates are being dragged down by forwarders speculating on an extended period of weak rates on the Asia to Europe trade as capacity is expected to outstrip demand through 2024.
Maritime
Container Shipping News
Container lines
Forwarding
Asia-Europe
DSV CEO Andersen to step down in September 2024; COO Lund will take top job
Greg Knowler, Senior Editor Europe |
In 16 years running DSV, Andersen has presided over the integration of a string of multi-billion-dollar acquisitions and guided the forwarder through significant disruptions to global supply chains.
Forwarding
Supply chain
Forwarders facing margin pressure from smaller shipments, shift of air to ocean
Eric Johnson, Senior Technology Editor |
Shipments are getting smaller over time, driven in part by e-commerce growth, but also by a market that is disentangling cargo previously handled through air or ocean consolidation.
Air Cargo
Forwarding
Air Cargo Forwarder News
Logistics Technology News
Dynamics behind Flexport’s leadership change signal digital forwarding’s natural endpoint
Eric Johnson, Senior Technology Editor |
Much criticism has been leveled at the digital forwarding model, but steep declines in topline revenue during a year of weak demand are a sign that digital forwarders have had trouble differentiating themselves from the pack.
Forwarding
Logistics Technology News
Estes expands international forwarding, raises bid for Yellow terminals
William B. Cassidy, Senior Editor |
Estes Forwarding Worldwide, a subsidiary of the LTL trucking provider, is buying Superior Brokerage Services, a step that increases Estes’ ability to offer end-to-end logistics services as other providers look to do the same.
Forwarding
Trucking News
LTL
Logistics software helping blur lines between forwarder, shipper processes: WiseTech CEO
Eric Johnson, Senior Technology Editor |
Richard White said in an interview with the Journal of Commerce the logistics industry is stuck in a pattern of tackling small problems instead of viewing international trade as a large, connected system.
Logistics Technology News
Forwarding
Air Cargo Forwarder News
Supply chain
Forwarders now liable for export control violations as US tightens shipping security
Mark Szakonyi, Executive Editor |
Washington is urging NVOs and forwarders to “know their customer,” a steep challenge for co-loaders who bundle multiple shipments for multiple customers into a single container, writes Journal of Commerce Executive Editor Mark Szakonyi.
Transport, Trade, and Regulation News
Container Shipping News
Container lines
Forwarding
‘Golden Week’ surge turns to bust as trans-Pacific rates fall, blank sailings rise
Michael Angell, Associate Editor |
The gains in spot rates for ocean freight are eroding again as US importers see little need to book more space ahead of the holiday shopping season.
Trans-Pacific
Container Shipping News
Container lines
Forwarding
Flexport’s bumpy evolution shows, ultimately, people and relationships matter
Peter Tirschwell |
As many have observed in disparaging the notion of a “digital” forwarder, of which Flexport was the prototype, forwarding at its core is a business of people solving real-world problems for which there is not — and probably never will be — a technology solution, writes Peter Tirschwell.
Forwarding
Trans-Pacific
Logistics Technology News
Rapid rail transit via sanctions-hit Russia has limited appeal for European shippers
Greg Knowler, Senior Editor Europe |
Sanctions imposed on Moscow following its invasion of Ukraine continue to limit the attractiveness of transport times as low as 12 days offered by forwarders on the China-North Europe rail network.
Rail News
Forwarding
International rail
Flexport lost touch with customers under brief Clark reign: Petersen
Eric Johnson, Senior Technology Editor |
Flexport founder and CEO Ryan Petersen refused to pin the blame for the company’s abrupt change in leadership on waning freight demand, saying the forwarder “has been through worse macro environments.”
Forwarding
Supply chain
Clark departs Flexport amid differences with founder over strategic shift
Eric Johnson, Senior Technology Editor |
A difference of opinion over Flexport’s strategic shift toward fulfillment aimed at small businesses has prompted CEO Dave Clark to depart the company only a year after he came aboard.
Forwarding
Container Shipping News
Air Cargo
Air Cargo Forwarder News
Supply chain
Logistics Technology News
Market interest ‘should be very high’ in DB Schenker sale: CEO
Greg Knowler, Senior Editor Europe |
The German-based forwarder remains the largest and most attractive takeover target in a cash-rich industry where the main players are all looking for opportunities to consolidate.
Maritime
Forwarding
Trucking News
International rail
Air Cargo
Air Cargo Forwarder News
Supply chain
OOCL Logistics joins growing group intrigued by trade finance potential
Eric Johnson, Senior Technology Editor |
Development of trade finance tools for small and medium-sized shippers continues to grow, evidenced by OOCL Logistics launching a trade finance platform with fintech provider Stenn.
Logistics Technology News
Container lines
Forwarding
Supply chain
NVOs chase market share or margin in demand downslope
Eric Johnson, Senior Technology Editor |
Supply overcapacity coupled with mediocre freight demand has the top 25 trans-Pacific non-vessel-operating common carriers deciding whether to chase lower margin business or suffer volume losses.
Container Shipping News
Maritime
Forwarding
Trans-Pacific
CEVA expands India footprint with contract logistics takeover
Greg Knowler, Senior Editor Europe |
The CMA CGM subsidiary’s latest acquisition will significantly increase its presence in South Asia that is growing in importance as supply chain routes shift across the region.
Supply chain
Forwarding
Industrial Real Estate News
Last Mile News
Cool Cargo News
Shippers reluctant to shoulder high cost of decarbonization: executives
Greg Knowler, Senior Editor Europe |
Getting shippers to commit to premium-priced, low-emissions shipping services is a hard sell for ocean carriers and forwarders as cargo owners enjoy rates that are now mostly below pre-pandemic levels after two years of record highs.
Maritime
Container Shipping News
Container lines
Forwarding
Trans-Pacific
Trans-Atlantic
Asia-Europe
Logistics technology investment slowing post-pandemic: survey
Eric Johnson, Senior Technology Editor |
A study of global logistics professionals around hurdles to technology investment found that respondents were uninterested in linking financial rewards with software adoption.
Logistics Technology News
Forwarding
Supply chain
Asia-US container spot rates keep rising amid more blank sailings
Bill Mongelluzzo, Senior Editor |
Spot rates in the eastbound trans-Pacific continue to move higher, although a planned general rate increase this week could be the last one for a while, as carriers are scheduled to add a significant amount of new capacity into the global fleet beginning later this year.
Trans-Pacific
Container Shipping News
Container lines
Forwarding
North American ports
Logistics industry tiptoeing toward AI adoption: Freightos research
Eric Johnson, Senior Technology Editor |
Shippers and forwarders recently surveyed by Freightos believe artificial intelligence will reduce headcounts in the logistics industry, even if they have yet to figure out how best to use the still-emerging technology.
Logistics Technology News
Container Shipping News
Forwarding
Air Cargo Forwarder News
Supply chain
Maersk’s lagging ‘integrator’ plan now needs to winnow costs: Clerc
Michael Angell, Associate Editor |
Maersk has invested $10.5 billion in its logistics and services business to date, but results are falling behind plan after last year’s volumes evaporated.
Container lines
Container Shipping News
Forwarding
Supply chain
Last Mile News
Change management key to unlocking AI’s productivity potential for 3PLs
Eric Johnson, Senior Technology Editor |
Forwarders have an opportunity to reduce labor costs and improve margins using artificial intelligence (AI), but managing the transition away from a human workforce could prove difficult.
Logistics Technology News
Forwarding
Supply chain
Major forwarders riding out slow return of traditional freight markets
Greg Knowler, Senior Editor Europe |
The CEOs of DSV and Kuehne + Nagel, shrugging off heavily distorted year-over-year comparisons, described their second-quarter results as “solid” and reflective of the evolving normalization of the air and ocean markets.
Forwarding
Container Shipping News
Air Cargo Forwarder News
Forwarders eager to transition to digital ocean freight booking: study
Eric Johnson, Senior Technology Editor |
Research by ECU Worldwide found that about half of ocean freight bookings are made via email, highlighting the importance of connecting booking platforms to email systems.
Logistics Technology News
Forwarding
Email technology provider Sedna snares funding targeting maritime, forwarding sectors
Eric Johnson, Senior Technology Editor |
Sedna’s approach of allowing companies to retain their email systems while extending their value has won new forwarding and bulk customers and a fresh capital infusion.
Logistics Technology News
Maritime
Container Shipping News
Forwarding
Supply chain
Logistics technology market grappling with pandemic period overhiring
Eric Johnson, Senior Technology Editor |
A return to normal freight demand is part of the reason for layoffs across the logistics technology sector, but just as important is investor focus on cost controls and a path to profitability.
Logistics Technology News
Maritime
Container Shipping News
Container lines
Forwarding
Supply chain
CIMC, Singamas issue profit warnings on weak demand for new containers
Keith Wallis, Special Correspondent |
The expected declines followed a drop in demand for marine containers due to weakened economic and trade growth this year, both companies said in filings to the Hong Kong stock exchange.
Container Shipping News
Container lines
Forwarding
Trans-Pacific
Raft's focus on AI yields fruit as investors re-up in logistics software provider
Eric Johnson, Senior Technology Editor |
A variety of technology providers are aiming to arm forwarders with AI-backed tools that help with areas like customer service and rate quoting, while others are focused on technology enabling internal operational efficiency.
Logistics Technology News
Forwarding
Supply chain
Logistics integration partnerships defy freight demand downturn
Eric Johnson, Senior Technology Editor |
Growing partnerships between software vendors and integrators with expertise in their solutions and their customers systems highlight the importance of the technological plumbing that underpins logistics networks.
Logistics Technology News
Forwarding
Supply chain
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