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

02 Dec 2022
The unprecedented infusion of cash into supply chain technology development over the past two years was akin to putting the sector on a diet of steroids, writes JOC analyst Lars Jensen.
11 Apr 2022
Shipment tracking device maker Tive has landed a $54 million cash infusion to build its global footprint and target more categories of shippers with location and condition monitoring solutions.
07 Apr 2022
Forwarding software provider Magaya is wading into the less-than-truckload technology market with an automated pricing tool meant to help its customers quote faster to shippers.
06 Apr 2022
Fresh off a seed funding round in February, truckload pricing intelligence provider Greenscreens.ai has built connectivity with procurement technology partners FreightFriend and 3Gtms.
05 Apr 2022
ONE is using Google Cloud to further its ability to automate back office and customer-facing solutions, a sign that the cloud infrastructure giant sees container shipping as a key vertical to target.
04 Apr 2022
Freight marketplace Emerge has designs on reshaping the truckload procurement space in North America, with an ambitious target of $20 billion in freight spend through its platform this year.
31 Mar 2022
Shippers are bidding for freight more frequently due to supply volatility, driving growth in European procurement startup Shipsta that has led to a new funding round from investors.
30 Mar 2022
project44 is aiming to provide non-traditional customers, like small shippers, consultants, and financial institutions with a high-level port congestion dashboard.
24 Mar 2022
BlueX Trade is providing an extended credit product to small shippers and forwarders to help them manage working capital in the wake of historic ocean freight and ancillary fee costs.
22 Mar 2022
Exporters struggle to get access to trade finance tools due to technology and regulatory limitations, a gap that startup provider Fishtail is aiming to fill with a new $4.5 million venture investment.
21 Mar 2022
Aircon, a technology provider aiming to bring a software-based co-loader approach to the air freight industry, has been backed by early-stage investors to drive planned aggregation of air cargo.
16 Mar 2022
German startup Flowfox is working with Kuehne + Nagel to pilot its platform that automates import clearance and container re-use at European ports with an eye toward global expansion of the solution.
15 Mar 2022
Payment technology options continue to grow for freight intermediaries, with Los Angeles-based Freightpay the latest to get funding to build its early-stage payment platform.
15 Mar 2022
The need to share data among supply chain participants has become a priority amid record volumes of US imports that have resulted in vessel backlogs, terminal congestion, and a stressed inland logistics sector.
14 Mar 2022
Prompt, which works with many of the top 25 global forwarders to automate integrations and data entry, is breaking out of its stealth nature of operating with an expansion of systems into which it connects.
10 Mar 2022
Insurance technology provider Loadsure plans to use an $11 million funding round to expand in the US freight market and serve forwarders managing international shipments.
09 Mar 2022
The FMC has temporarily exempted Expeditors International from tariff filing obligations to allow the beleaguered forwarder to recover following a ransomware attack on its systems two weeks ago.
08 Mar 2022
Drayage provider NEXT Trucking is piloting a peel pile program in Southern California that links vessel stowage at origin with quick unloading of containers at warehouse destinations to narrow total transit times for shipments.
08 Mar 2022
A digitally oriented forwarder tied to the Bolloré Group has opened a North America office to tap into burgeoning US demand as the race to attract online-oriented shippers gathers steam.
07 Mar 2022
Digital forwarder Forto has smashed through the $2 billion valuation barrier with a new round of funding that it will use to grow its presence in Europe and Asia.
04 Mar 2022
The Port of Oakland and the Northwest Seaport Alliance have lent support to a Long Beach initiative designed to capture and make available container milestone information.
03 Mar 2022
E2open has made its fifth acquisition since 2018 with the addition of parcel fulfillment provider Logistyx as it seeks to ride e-commerce and small shipment growth for its customers.
25 Feb 2022
The Federal Maritime Commission is being urged to implement processes that would allow US shippers to easily get accurate data on ocean freight.
23 Feb 2022
A provider of technology to help brokers understand appropriate spot pricing has nabbed funding from an array of notable investors, including Tiger Global and Cambridge Capital.
22 Feb 2022
As it prepares to go public, Transfix is looking to derive more revenue from non-transactional shipper services, including its drop trailer program, and to draw smaller shippers to its platform.
22 Feb 2022
A mystery shopper survey by forwarding technology provider RPA Labs found that the vast majority of forwarders can’t automate quotes for a new ocean customer.
17 Feb 2022
FourKites has partnered with e-commerce technology specialist Narvar to link predictive freight visibility with post-purchase solutions for retailers and brands aspiring to fulfill orders online.
11 Feb 2022
Descartes is adding to its in-house roster of trade compliance tools with the $40 million purchase of online customs broker software provider NetCHB.
10 Feb 2022
Paris-based visibility provider Shippeo is eyeing North America as it seeks to expand the competitive landscape of the fierce global predictive cargo visibility market.
09 Feb 2022
Freight brokerage technology vendor Parade has landed a venture capital round to build out its tools to help truckload intermediaries automate the sourcing and management of capacity.
09 Feb 2022
Leaf Logistics has turned growth of its forward truckload contract and procurement optimization products into a new funding round that it will use to double its headcount and expand its product suite.
08 Feb 2022
Traxens has received a cash infusion from its existing investors, a shot in the arm that enabled the Marseilles-based container tracking provider to acquire French competitor NEXT4.
07 Feb 2022
High profile forwarder Flexport has landed more than $900 million in new venture capital to fuel its growth, an amount sure to fuel debate about whether it is fundamentally reshaping the nature of global logistics.
03 Feb 2022
Logistics technology provider BlueX Trade, known for building online quoting tools for liner carriers, has waded into the realm of electronic payments with a new platform designed to ease the reconciliation of freight bills.
02 Feb 2022
An agrichemical shipment from South Korea to Bangladesh using an electronic bill of lading is a test of TradeLens’ ability to connect banks, shippers, and logistics providers through its platform.
01 Feb 2022
Loadsmart is the latest digital intermediary to use SoftBank venture funding to surpass the $1 billion valuation barrier after announcing a $200 million round Tuesday.