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Logistics Technology News

Explore today’s cutting-edge global logistics technology news and analysis by the Journal of Commerce. Coverage includes logistics technology startups, logistics technology solutions, venture capital, management and impact, freight forwarder technology and the latest supply chain and logistics technology. 

The latest Logistics Technology News News & Analysis

Retailers bank on themselves to handle final mile

Cathy Morrow Roberson, JOC Analyst, and Eric Johnson, Senior Technology Editor |
Retailers that have seen final-mile costs more than double during the pandemic are increasingly making investments in their last-leg delivery networks.
Logistics Technology NewsContainer lines

ERD delay variance hampers US exporters: study

Eric Johnson, Senior Technology Editor |
Data from visibility provider Portcast shows US exporters struggle to manage changes to early return dates as well as variances in ERD data formats from different terminals.
Port NewsLogistics Technology News

Raft partners with PayCargo in forwarding payment efficiency move

Eric Johnson, Senior Technology Editor |
PayCargo has extended its reach into the forwarding industry via an integration with software vendor Raft that minimizes PayCargo’s need to directly connect with CargoWise.
Logistics Technology News

Truckload volatility prompts fresh investment in pricing startup

Eric Johnson, Senior Technology Editor |
Greenscreens.ai has seen its roster of truckload broker customers grow to 70 this year, with previous investor Tiger Global putting another $5 million in the Florida-based software vendor.
Logistics Technology NewsTrucking News

Freight payment providers evolving from auditing to analytics

Eric Johnson, Senior Technology Editor |
Audit and payment vendors are moving beyond their traditional core business of ensuring accurate freight invoices and into business analytics and consultative services as shippers seek to turn invoice data into strategic supply chain intelligence.
Logistics Technology News

Expeditors expects air, ocean rates to continue falling into 2023

Michael Angell, Associate Editor |
CEO Jeffrey Musser said shippers are still sitting on high inventories and so are pulling back on orders after front-loading their shipments from overseas earlier this year.
Logistics Technology News

Maersk, CMA CGM join $80 million funding round into project44

Kevin Saville, Managing Editor |
The investment by Maersk and CMA CGM into visibility provider project44 is notable as they continue to develop their end-to-end integrator strategies and prepare for more stringent environmental regulations.
Logistics Technology News

US 3PL Echo extends global forwarding reach

William B. Cassidy, Senior Editor |
The acquisition of Fastmore Logistics will give Echo Global Logistics more access to international freight forwarders, linking domestic and international cargo networks.
Logistics Technology NewsTrucking NewsTruck brokers

WiseTech targets digital documentation market with Shipamax buy

Eric Johnson, Senior Technology Editor |
WiseTech Global has resumed its acquisitive ways with the purchase of Shipamax, a UK-based logistics data extraction software vendor.
Logistics Technology News

MyCarrier offers lifeline to shippers affected by Kuebix closure

Eric Johnson, Senior Technology Editor |
Shippers affected by the closure of a free less-than-truckload transportation management system in October have been given a pathway to migrate to another system connected to 15 LTL carriers.
Logistics Technology NewsLTLTrucking News

Newtrul nabs funding to expand load board ‘search engine’

Eric Johnson, Senior Technology Editor |
The truckload market is still searching for a single platform that aggregates shipper loads and carrier capacity, a role that investors are backing Chicago-based Newtrul to eventually fill.
Logistics Technology NewsTrucking NewsTruck brokers

Shippers turning to spot market as demand, rates weaken: K+N

Greg Knowler, Senior Europe Editor |
The severe space constraints that drove container shipping rates to record levels over the past two years are over, easing shippers' reliance on long-term fixed rates.
Logistics Technology News

Geodis RFP effort a sign of growing automation adoption

Eric Johnson, Senior Technology Editor |
A Geodis initiative around automating service requests from shippers is an example of growing consumption of robotic process automation in the third-party logistics industry.
Logistics Technology News

Shippeo investment a sign that visibility not yet a winner-takes-all market

Eric Johnson, Senior Technology Editor |
A funding round into Shippeo shows that demand for visibility and fragmentation of the market continue to grow despite a slowing venture capital environment.
Logistics Technology NewsBreakbulk News

DSV, K+N on track for record year as uncertain 2023 looms

Greg Knowler, Senior Europe Editor |
Volume and rates fell through the third quarter, but not enough to slow the highly elevated earnings reported by two of the world’s largest forwarders.
Logistics Technology News

US LTL group launches standard digital BOL

William B. Cassidy, Senior Editor |
More than two years in development, a standard electronic bill of lading for less-than-truckload shipments promises to streamline the flow of data, providing greater visibility to shippers.
LTLLogistics Technology News

Confusion around ocean freight indexes limits their usefulness: shippers

Eric Johnson, Senior Technology Editor |
Buyers of ocean capacity have long used freight rate indexes to gauge the direction of the market, but disruption and sky-high costs during the COVID-19 pandemic have elevated their prominence, often leading to difficult discussions with their executive leadership.
Container linesLogistics Technology News

Slync bets on industry pioneer Urban to turn page

Eric Johnson, Senior Technology Editor |
Embattled software provider Slync.io has turned to GT Nexus co-founder John Urban in a bid to resurrect its fortunes following the ousting of former CEO Chris Kirchner.
Logistics Technology News

Faltering stock market halts Transfix’s public listing plans

Eric Johnson, Senior Technology Editor |
A weakening freight market and growing investor unease with holding companies designed to take early stage companies public have led Transfix to put a public listing on ice.
Logistics Technology NewsTruck brokersTrucking News

GSBN, project44 ink trade finance partnership

Eric Johnson, Senior Technology Editor |
project44 and the Global Shipping Business Network are working together to tie cargo tracking and bill of lading data to unearth trade finance opportunities in Asia.
Logistics Technology News

Port software provider grows European terminal footprint with Antwerp deal

Eric Johnson, Senior Technology Editor |
Software vendor Portchain will help a DP World-operated terminal in the Port of Antwerp to automate communication from shipping lines to better coordinate berth plans, the companies said Wednesday.
International portsLogistics Technology News

Procurement adaptability trumps truckload pricing predictions: software providers

Eric Johnson, Senior Technology Editor |
Shippers need to rethink the entire truckload procurement process, not just use technology that marginally decreases costs by relying too much on predictive pricing, according to a trio of procurement technology experts.
Logistics Technology NewsTrucking News

Altana lands big investment to map global supplier networks

Eric Johnson, Senior Technology Editor |
Supplier risk is becoming a bigger hurdle for shippers, notably around forced labor regulations, prompting venture capital firms to plunge $100 million into technology provider Altana.
Logistics Technology News

Overhaul wades into insurance technology market

Eric Johnson, Senior Technology Editor |
Overhaul has joined a growing group of visibility providers aiming to connect real-time shipment data to cargo insurance solutions.
Logistics Technology NewsTrucking News

LTL industry wrestles with next stage of technology development

Eric Johnson, Senior Technology Editor |
The less-than-truckload industry is reaching its technology inflection point, which it will need to capture rising demand from shippers seeking operators that are easy to do business with.
Logistics Technology NewsLTLTrucking News

SAP-led insurance solution taps Nexxiot for container tracking devices

Eric Johnson, Senior Technology Editor |
A trio of technology providers want to give shippers the ability to tie sensor-based container data to in-transit cargo insurance decisions.
Logistics Technology NewsContainer lines

GSBN tests digital process to share shipping data with banks

Eric Johnson, Senior Technology Editor |
A consortium of liner carriers and terminals aiming to speed the sharing of shipment data with banks believes it can overcome a chronic consent hurdle in the process.
Logistics Technology NewsContainer lines

Tive spreads wings with new pharma product, forwarder deal

Eric Johnson, Senior Technology Editor |
Tive has been piloting its new pharma product, which meets a variety of requirements around data security and storage, with 34 companies over the past two months.
Logistics Technology News

project44 aims for product harmony with new platform

Eric Johnson, Senior Technology Editor |
Shippers are seeking unified data across the modes they use, something that has prompted project44 to integrate data into a single platform it released Tuesday.
Logistics Technology News

Lufthansa among investors funneling cash to TMS provider Cargobase

Eric Johnson, Senior Technology Editor |
A shift from a focus on freight procurement to international transportation management has yielded growth in several regions for transportation management software vendor Cargobase.
Logistics Technology News

Convoy wades into visibility market with new tools

Eric Johnson, Senior Technology Editor |
Convoy is attempting to differentiate itself within the competitive freight broker landscape by using data gathered from its driver-mandated app to provide more execution-focused visibility insights.
Logistics Technology NewsTrucking NewsTruck brokers

Demand for mutually enforceable contracts helps NYSHEX land new funding

Eric Johnson, Senior Technology Editor |
NYSHEX has landed its third funding round in 24 months, a $25 million investment that supports the notion the shipping industry is starting to embrace mutually enforceable contracts.
Logistics Technology News

Visibility providers aim to create air-ocean link

Eric Johnson, Senior Technology Editor |
Linking ocean and air freight visibility has been an elusive challenge for shippers and logistics providers, which has led Vizion and BlueBox to combine their respective data products in a commercial partnership.
Logistics Technology News

MyCarrier rides growing LTL needs to new funding round

Eric Johnson, Senior Technology Editor |
MyCarrier has created automation partnerships with 15 less-than-truckload (LTL) carriers and will handle more than $1 billion in shipper freight spend, factors that induced venture firms to invest $22 million in the company.
Logistics Technology NewsLTL

Chaotic ocean freight market leads to fresh equity investment in Xeneta

Eric Johnson, Senior Technology Editor |
Demand for rate benchmarking tools grew during the pandemic’s wild pricing swings in ocean shipping, which has helped fuel a new $80 million investment in Oslo-based software provider Xeneta.
Logistics Technology News

Industry largely non-compliant with OSRA-22 demurrage invoice mandate

Eric Johnson, Senior Technology Editor |
A mandated “container available” data element related to demurrage fees is largely not being complied with yet as the shipping industry grapples with the immediate implications of OSRA-22.
Transport, Trade, and Regulation NewsLogistics Technology NewsContainer lines

Existing solutions could be elixir to ‘emergency’ data-sharing: vendors

Eric Johnson, Senior Technology Editor |
Technology intended to help shippers and forwarders manage arrival notice information might be the solution that federal regulators are seeking to bridge data gaps from carriers and terminals.
Logistics Technology NewsMaritimeContainer linesNorth American ports

Hapag-Lloyd-NYSHEX partnership ushers in new phase for contract technology

Eric Johnson, Senior Technology Editor |
NYSHEX is expanding the reach of its mutually enforceable contract technology to ocean freight agreements outside of its platform as it widens its focus beyond the trans-Pacific trade lane.
Logistics Technology NewsContainer linesMaritime

Software provider launches product to help exporters locate elusive containers

Teri Errico Griffis, Associate Editor |
Political pressure has increased recently to help US agricultural exporters, who have lost billions due to an inability to access sufficient numbers of export containers.
Logistics Technology News

Disruption forces shippers to weigh supplier nearshoring: study

Eric Johnson, Senior Technology Editor |
Shippers in sectors such as aerospace, pharmaceuticals, and IT saw an average hit of $182 million from supply chain disruptions on an annualized basis, which technology provider Interos said will compel many companies to explore nearshoring options.
Supply chainLogistics Technology News