Logistics technology

News and analysis of logistics technology startups, venture capital, solutions, management, impact

The Latest Logistics technology News & Analysis

Freight payment providers evolving from auditing to analytics

Eric Johnson, Senior Technology Editor | Nov 11, 2022, 9:00 AM EST

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

Expeditors expects air, ocean rates to continue falling into 2023

Michael Angell, Associate Editor | Nov 8, 2022, 2:36 PM EST

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

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

Kevin Saville, Managing Editor | Nov 3, 2022, 5:31 PM EDT

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

US 3PL Echo extends global forwarding reach

William B. Cassidy, Senior Editor | Nov 3, 2022, 2:37 PM EDT

The acquisition of Fastmore Logistics will give Echo Global Logistics more access to international freight forwarders, linking domestic and international cargo networks.
Logistics technologyTruckingTruck brokers

WiseTech targets digital documentation market with Shipamax buy

Eric Johnson, Senior Technology Editor | Nov 2, 2022, 11:11 AM EDT

WiseTech Global has resumed its acquisitive ways with the purchase of Shipamax, a UK-based logistics data extraction software vendor.
Logistics technology

MyCarrier offers lifeline to shippers affected by Kuebix closure

Eric Johnson, Senior Technology Editor | Nov 2, 2022, 8:30 AM EDT

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 technologyTruckingLTL

Newtrul nabs funding to expand load board ‘search engine’

Eric Johnson, Senior Technology Editor | Nov 1, 2022, 4:10 PM EDT

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 technologyTruckingTruck brokers

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

Greg Knowler, Senior Europe Editor | Oct 27, 2022, 11:40 AM EDT

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

Geodis RFP effort a sign of growing automation adoption

Eric Johnson, Senior Technology Editor | Oct 27, 2022, 9:00 AM EDT

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

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

Eric Johnson, Senior Technology Editor | Oct 25, 2022, 3:30 PM EDT

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 technologyBreakbulk shipping

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

Greg Knowler, Senior Europe Editor | Oct 25, 2022, 1:51 PM EDT

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

US LTL group launches standard digital BOL

William B. Cassidy, Senior Editor | Oct 24, 2022, 5:24 PM EDT

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.
Logistics technologyLTL

Confusion around ocean freight indexes limits their usefulness: shippers

Eric Johnson, Senior Technology Editor | Oct 20, 2022, 12:14 PM EDT

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.
Logistics technologyContainer lines

Slync bets on industry pioneer Urban to turn page

Eric Johnson, Senior Technology Editor | Oct 18, 2022, 10:30 AM EDT

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

Faltering stock market halts Transfix’s public listing plans

Eric Johnson, Senior Technology Editor | Oct 13, 2022, 4:23 PM EDT

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 technologyTruckingTruck brokers

GSBN, project44 ink trade finance partnership

Eric Johnson, Senior Technology Editor | Oct 13, 2022, 4:30 AM EDT

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

Port software provider grows European terminal footprint with Antwerp deal

Eric Johnson, Senior Technology Editor | Oct 12, 2022, 2:00 AM EDT

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.
Logistics technologyInternational ports

Procurement adaptability trumps truckload pricing predictions: software providers

Eric Johnson, Senior Technology Editor | Oct 10, 2022, 1:44 PM EDT

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 technologyTrucking

Altana lands big investment to map global supplier networks

Eric Johnson, Senior Technology Editor | Oct 6, 2022, 2:12 PM EDT

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

Overhaul wades into insurance technology market

Eric Johnson, Senior Technology Editor | Oct 5, 2022, 4:52 PM EDT

Overhaul has joined a growing group of visibility providers aiming to connect real-time shipment data to cargo insurance solutions.
Logistics technologyTrucking