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

26 Jul 2021
Sedna Systems has reeled in another funding round from venture investors, aiming to address an over-reliance on email by logistics and maritime organizations, among other sectors.
07 Apr 2021
Technology firms driving autonomous trucking forward are seeking the investment and partnerships they need to expand rapidly, anticipating growing demand.
07 Apr 2021
The real-time freight visibility market continues to push into the world of ocean freight, with FourKites, fresh off a $100 million funding round, acquiring global transportation management provider Haven on Wednesday.
07 Apr 2021
The growth in e-commerce is driving the need for shippers to manage all transportation modes in a single location.
07 Apr 2021
Five of the largest global container lines are adopting the Digital Container Shipping Association’s track-and-trace standards, a sign that carriers are starting to recognize that shippers’ need for standardization outweighs their desire to keep systems proprietary.
31 Mar 2021
E-commerce is driving the demand for flexible warehousing solutions. Stord is among several startups in the warehousing tech space to recently receive funding.
29 Mar 2021
Blume Global is hoping a new product emphasizing its utility as a supply chain planning tool will help it to break out of a crowded field of supply chain visibility providers.
25 Mar 2021
Shippers’ disinclination to replace too much of their logistics systems infrastructure at any one time to avoid disruption runs counter to the theoretical idea that the market requires more functionality on fewer systems.
24 Mar 2021
San Francisco-based Baton, the developer of a software-based drop-zone model linking truckload with final-mile in Los Angeles, has landed a $10.5 million funding round to expand the concept into other North American cities.
24 Mar 2021
FourKites has landed a $100 million funding round, led by industrial investors, to use visibility data to drive strategic supply chain insights by linking hardware and software-derived data.
23 Mar 2021
A veteran of freight broker GlobalTranz has landed an $8 million funding round to enhance a multi-carrier marketplace and transportation management system for less-than-truckload shippers.
22 Mar 2021
SAP’s transportation management integration with Sedna, which helps companies reduce their volume of emails, is a further sign of software partnerships blossoming in logistics and addressing a need to make inter- and intra-company communication more efficient.
19 Mar 2021
Decarbonization goals at global shippers is pushing the industry toward more granular scrutiny of supply chain-related emissions, a task that’s being helped by emergent technology and a focus on shipper collaboration.
18 Mar 2021
Vessel call and berth optimization software provider Portchain has added to its roster of carrier and port clients with the addition of the terminal operator at two container terminals in St. Petersburg.
17 Mar 2021
A partnership between TMS provider SupplyStack and visibility company project44 is emblematic of a growing need for European shippers to embed visibility into their shipment management workflow.
16 Mar 2021
Modal-switching technology tested by MIT and broker GlobalTranz is showing that shippers can save costs by grouping less-than-truckload linehaul freight to multi-stop truckloads.
16 Mar 2021
A $31 million investment into Los Angeles-based technology provider Flowspace is the latest example of e-commerce growth whipping up investor interest in new warehousing and fulfillment models.
15 Mar 2021
Traditionally seen as tactical partners engaged to help a shipper reconcile rates with invoices, freight audit and payment (FAP) vendors say they also can help increase the efficiency of payment processes and catch bill of lading errors before they reach the invoicing stage.
10 Mar 2021
BluJay Solutions’ new global trade management platform is designed to use automation to assist trade compliance professionals in managing ever-changing global customs regulations and an expected deluge of declarations associated with e-commerce growth.
09 Mar 2021
ShipBob is adding capacity to its fulfillment network and boosting its delivery options by building out a last-mile delivery network for e-commerce customers.
09 Mar 2021
Maersk’s small shipper offering Twill and logistics software provider Freightos are testing a new workflow that will for the first time redirect shippers from the Freightos rate marketplace to a service provider’s shipment management platform.
08 Mar 2021
Two new funds have emerged targeting investment in logistics and supply chain startups, increasing the number of vehicles for early stage technology companies to get access to capital.
04 Mar 2021
Technology incubator ZeBox chose Virginia to locate its third branch to foster maritime and logistics startups based on the state’s burgeoning tech ecosystem and its corporate partner’s broader economic development in the state.
04 Mar 2021
The race for multimodal visibility is heating up as project44, fresh off a $100 million funding round, acquires container visibility specialist Ocean Insights for an undisclosed amount.
01 Mar 2021
Descartes has acquired foreign trade zone software specialist QuestaWeb as the global trade management solutions market continues to consolidate.
26 Feb 2021
One TPM21 panel speaker said it is rare that he comes across companies with good data quality even though he considers that a basic necessity, particularly when it comes to negotiating with carriers
26 Feb 2021
Online ocean freight quotes became a lifeline for forwarders during COVID-19, yet also highlighted risks of uncertain capacity and volatile rates
24 Feb 2021
The case for container lines to invest in sensor hardware to provide visibility to shippers has been made easier by a profitable 2020 and a greater need to track scarce container assets.
24 Feb 2021
Truckload carrier Werner Enterprises is expanding its Edge technology platform to brokerage partners and shippers, tightening its focus on landside logistics after offloading its ocean and air forwarding unit.
23 Feb 2021
ReverseLogix’s cloud-based automation platform can help reduce the cost of merchandise returns by as much as 15 percent, according to founder and CEO Guarav Saran.
22 Feb 2021
A global scarcity of containers could push cargo owners to invest in so-called shipper-owned containers, but the majority of forwarders surveyed by container selling and leasing platform Container xChange weren’t able to supply such a service.
22 Feb 2021
Financial services group ODDO has invested in shipment management software provider BuyCo as part of a broader aim to tether logistics data to new trade finance products intended to provide an alternative to letters of credit.
19 Feb 2021
The head of Maersk’s venture capital arm, and his counterpart on the business side of the container line, are starting a new independent fund to invest in later stage supply chain and logistics startups.
18 Feb 2021
Relay Payments is expanding its "lumper payment" platform, allowing truck carriers and brokers to automate the settlement of cargo unloading fees to receiving facilities.
17 Feb 2021
A trade finance startup this week got $7.8 million venture capital investment to arm exporters and logistics providers in Mexico with access to working capital.
17 Feb 2021
The field to supply the shipping industry with container level visibility is getting more crowded, with Bay Area-based Vizion API getting seed funding to build more complete container status data.