Technology

Technology

The waves of disruption that have been lapping at the shore of industries such as retail and taxis are finally beginning to hit shipping, with a slew of start ups entering the transportation sector in recent years. Venture capital firms have been eager to back such companies, and are increasingly funding the most promising technology. Meanwhile, established players in shipping such as Maersk Line and Kuhne + Nagel are funding and developing their own technologies to ensure that they are not overwhelmed by the waters rising around them.

News & Analysis

20 Sep 2022
A shift from a focus on freight procurement to international transportation management has yielded growth in several regions for transportation management software vendor Cargobase.
19 Sep 2022
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.
14 Sep 2022
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.
13 Sep 2022
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.
13 Sep 2022
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.
13 Sep 2022
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.
09 Sep 2022
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.
02 Sep 2022
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.
30 Aug 2022
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.
29 Aug 2022
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.
26 Aug 2022
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.
24 Aug 2022
Incumbent third-party logistics providers that manage an array of services are being challenged by digitally native upstarts who can provide single, unified platforms to shippers.
16 Aug 2022
CargoWise said its growing list of direct container line connections means 95 percent of ocean freight managed by its forwarder customers can be booked through direct carrier feeds.
15 Aug 2022
Investors into logistics technology providers are focusing more on long-term profitability than growth at all costs, leading FourKites to join a growing list of companies to lay off employees to cut costs.
12 Aug 2022
While the FMC seeks input over whether to declare an emergency need for information sharing by container lines, the agency’s advisory committee has suggested setting up a parallel carrier group to improve dialogue.
10 Aug 2022
Slync.io’s widely reported payroll woes and the departure of its CEO last week have had a minor impact on the broader logistics industry due to the technology provider’s relatively small customer base.
08 Aug 2022
Convoy’s counterpunching approach to being sued by load board provider DAT Freight & Analytics is as much about winning the battle of public opinion as it is about winning in court, a transportation attorney told JOC.com.
04 Aug 2022
An FMC data initiative that launched late last year involved industry stakeholder meetings with participants from container lines, shippers, forwarders, longshore unions, railroads, and technology solutions providers.
02 Aug 2022
Scoular, one of the US’ top exporters, discovered significant duplicate invoices from its ocean transportation providers in recent months, an issue likely to become more pervasive as regulators scrutinize carrier and terminal billing.
01 Aug 2022
Load board provider DAT and freight broker Convoy have sued one another over Convoy’s development of a product that DAT says is competitive with its own, violating a contract Convoy signed with DAT.
29 Jul 2022
The latest integration is a sign of continued strategic partnerships between logistics software vendors as they seek to amplify the value their solutions offer.
28 Jul 2022
End-to-end visibility of the freight flowing across oceans and moving across the US is the goal of the partnership between Flexport and Nolan Transportation Group, giving shippers more control over modal choices and costs.
27 Jul 2022
The cost of physical devices to monitor freight shipments has always been a hurdle for providers, one that Tive is addressing through a new — and cheaper — shipping label-sized product that measures location and temperature.
25 Jul 2022
Deciding whether to outsource key logistics functions is an existential question for shippers, one made harder by external dynamics being out of whack during the pandemic.
21 Jul 2022
ExFreight’s transactional focus on pricing each leg of a container and air shipment has allowed the forwarder to navigate chaotic international markets over the past two years.
20 Jul 2022
project44 executives say continued expected revenue growth and a healthy pipeline of new business cut against the notion that its move to let go of 63 employees is a sign of deteriorating fortunes.
19 Jul 2022
Visibility data provider Vizion has landed its third venture funding round in 18 months, a $14 million infusion that it will use to expand its product offerings and geographic footprint.
14 Jul 2022
A range of US importers are at risk of violating new regulations over the involvement of forced labor in the goods they import, leading Maersk and technology vendor Altana AI to partner in a program to help shippers identify that risk.
12 Jul 2022
The Digital Container Shipping Association is ramping up efforts to drive electronic bill of lading adoption by working with four technology vendors and a major shipper to ensure their products are interoperable.
08 Jul 2022
Recent funding rounds for Flexe and PayCargo are symbolic of the confusing market that logistics technology companies are navigating, with funding still available but harder to obtain than last year.
07 Jul 2022
Small truckload fleets want access to online insurance quotes and coverage, which led low-cost transportation management software provider AscendTMS to partner with trucking insurance specialist CarrierHQ.
06 Jul 2022
CloudTrucks is arming small carriers that struggle to get access to traditional credit lines with a product that facilitates routine operational expenses like fuel and lumper payments.
05 Jul 2022
Forwarding software provider WiseTech Global has waded into the fragmented electronic bill of lading space with the purchase of Bolero, an early provider of trade finance and electronic documentation tools.
30 Jun 2022
Convoy has expanded existing relationships with transportation management software provider MercuryGate and forwarder Flexport to give brokers access to more automation and shippers access to transload activity.
27 Jun 2022
Two logistics-focused email automation specialists are joining forces, with London-based Sedna acquiring San Diego-based Shelly to accelerate the former’s ability to automate email data extraction for logistics teams.
24 Jun 2022
Container lines flush with cash will accelerate deployment of container sensors through 2026, spurred by pandemic-induced volatility and Hapag-Lloyd's April decision to equip its entire fleet, according to Drewry.