Supply Chain

Shippers are showing “healthy adoption” of a wide variety of digital transformation projects, according to new research from S&P Global Market Intelligence.

The move by the carrier comes as the FMC is in the midst of a rulemaking process around detention and demurrage billing mandated by the passage of the Ocean Shipping Reform Act of 2022 last June.

Shippers struggling to manage demurrage fees and container availability information have two new options to track the status of containers at ports.

Supply chain risk-focused technology provider Overhaul has channeled demand for reducing exposure to cargo theft into a $38 million funding round just a few weeks after acquiring competitor SensiGuard.

Technology startup Qualle is trying to overcome drayage industry inertia around matching empty import boxes with export loads outside of ports by using early-stage funding to serve every North American port market.

Even as demand headwinds buffet container lines, the CMA CGM Group posted record earnings in 2022 thanks to the lingering effects of the pandemic-fueled container market.

The federal government says it’s looking to fund projects across the country that will help move goods, particularly in rural areas, and strengthen the country’s supply chain.

Canadian National will grow its capacity based on the assumption that China will remain the biggest sourcing country for North America while acknowledging the shift under way into Southeast Asia, India, and potentially Africa that could fuel cargo through eastern Canada, its CEO told TPM23.

The container shipping industry needs to collaborate in finding alternatives to fossil fuels rather than each player following their own path, ONE CEO Jeremy Nixon told TPM23.

Flexport, the polarizing digital forwarder, will double down on technology development during a lull in global trade, new CEO Dave Clark said at TPM23.

MSC’s chief executive told TPM23 that the company’s hefty orderbook signals to customers that the carrier remains chiefly committed to ocean shipping, rather than selling an integrated supply chain service.

US shippers are entering an era of greater risk in China trade, retired Gen. David Petraeus warned, but the two largest global economies will remain linked despite moves to source goods elsewhere.

The forecast for the US and global economies is brighter than a year ago, with reduced risk of recession, thanks in part to the “decongestion” of supply chains, economist Nariman Behravesh said at TPM23. 

Retailers are discovering the importance of closely managing purchase orders as increasingly complex trans-Pacific supply chains spawned by the pandemic highlight the need for a heightened hands-on approach.

Shippers are gaining better supply chain visibility, but now they must step up their game and better manage and integrate the data they are receiving from transportation providers, technology companies told TPMTech23.

Transportation providers of all sizes, from Maersk to Pitt Ohio, are searching for last-mile delivery options as customer and consumer demand evolves.

The Global Shipping Business Network is giving exporters an app that would track changes to earliest return dates across container terminals that use Navis terminal operating systems.

Rising demand from importers reckoning with the costs of detention and demurrage have fueled an $11 million investment into container management provider BlueCargo.

A new funding round for the embattled logistics software vendor is bound to raise eyebrows in an industry that has long been cynical of the impact of venture capital-backed founders.

Freight coordination software provider Leaf Logistics is working with a number of shippers and truckload carriers to build flexible, dedicated fleets to allow for continuous moves in big US markets.