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

03 Dec 2020
Trucking software provider Baton is building drop-and-hook relay networks in large cities to allow long-haul truckers to avoid first- and last-mile congestion and dwell time.
02 Dec 2020
Freight broker Transfix will integrate predictive visibility data from project44 to augment its existing app-based GPS location data as part of a long-term agreement with the multimodal visibility provider.
01 Dec 2020
Flock Freight, which uses software to aggregate less-than-truckload (LTL) shipments into multi-stop truckloads, has received more than $100 million to expand its alternative to the hub-and-spoke model.
01 Dec 2020
E-commerce growth has driven appetite for on-demand warehousing space, which propelled software provider Flexe toward a $70 million funding round Tuesday.
27 Nov 2020
Automation, self-invoicing bolster traditional third-party payment audit model
24 Nov 2020
Yang Ming has joined the growing list of container lines to offering a digital quoting and booking channel, with its use of software from BlueX Trade also a sign that this trend is taking root in Asia.
24 Nov 2020
Toronto-based freight marketplace Shipz has partnered with a trio of software firms to enable users to access to adjacent tools, part of a continuing trend of forwarder-focused technology providers partnering to augment their value.
24 Nov 2020
New York–based new trade compliance automation startup Altana AI has designs on creating a new version of much-maligned trusted trade cargo facilitations programs.
20 Nov 2020
Loadsmart more than tripled the amount of capital raised through a $90 million round announced Friday as it seeks to automate the brokerage and optimization of US domestic transport modes.
19 Nov 2020
Convoy has seen considerable volume growth for a program under which loads are pre-staged for drivers, prompting the freight broker to develop more predictive capability to route empty equipment to shippers’ facilities.
17 Nov 2020
Shippers will need to look not just at multiple transportation modes, but across modes, to secure capacity in 2021, digital broker Loadsmart said.
17 Nov 2020
Digital forwarder Forto has snared its second large funding round of 2020 based on a three-fold growth in its ocean freight this year.
17 Nov 2020
DCSA and BIC have built a database of 11,000 depots, container yards, maintenance and repair vendors, and other supply chain container facilities in 160 countries.
10 Nov 2020
Cyber attacks on companies in the global logistics industry are an ever-present threat, but container lines and software providers say hosting systems in the cloud helps combat the threat and aid in recovery.
09 Nov 2020
Cloud computing is ubiquitous in the world of commerce, and that’s spread in recent years to container lines, which are using a migration to platforms like Microsoft Azure to develop products quickly and then scale them back without committing resources to a server infrastructure.
03 Nov 2020
Twill started as Maersk’s play in the neutral digital forwarding space, but it has shifted its focus to funnel small shipper volumes into Maersk’s logistics and vessel operations network.
02 Nov 2020
The widely-used supply chain modeling software provider LLamasoft was acquired Monday by a procurement solutions maker in one of the biggest deals of late for a pure supply chain technology provider.
02 Nov 2020
Maersk’s integrator strategy is not affecting the carrier’s forwarder customers in a universal way, since the various elements of the transformation impact different sized intermediaries in varying ways.
28 Oct 2020
A network of major banks in Singapore has signed an agreement with CargoX, which provides electronic bills of lading to the shipping industry, to underpin the network’s trade finance capability.
27 Oct 2020
A new self-service automated freight invoice auditing software provider launched Tuesday, helmed by Matt Tillman, an entrepreneur who most recently founded the transportation management system provider Haven.
27 Oct 2020
Port software provider Portchain has grown the number of terminals using its berth optimization solution to two transshipment hubs in Europe as terminals seek to better align equipment, capacity, and human resources to vessel calls.
22 Oct 2020
Freight brokerage software provider Parade has set up direct integration with two companies that focus on digitally enabling small carriers, which gives brokers using Parade access to that capacity.
22 Oct 2020
TradeLens will use the integration specialist Youredi to offer data providers and consumers on its platform the option to connect their systems to the container visibility and documentation product co-developed by Maersk and IBM.
21 Oct 2020
Margin transparency is taking root among early-stage freight brokers, with cross-border 3PL Forager saying Wednesday it will provide clear pricing and service fees on any quote provided on its platform.
20 Oct 2020
System integration provider Youredi is trying to attract logistics and maritime companies to help it build a new template-based integration platform for data and partner connectivity.
20 Oct 2020
A new set of data definitions for terminals and container lines to coordinate port calls was released Tuesday by the Digital Container Shipping Association, the non-profit group’s latest attempt to drive standardization in the maritime industry.
19 Oct 2020
Shippers contend with a lack of transparency when it comes to container lines communicating changes for the earliest return date for their boxes, creating operational headaches for cargo owners already affected by tariffs and COVID-19, new research has found.
19 Oct 2020
An ability to handle out-of-gauge cargo and a unique inventory management system distinguish supply chain logistics platform e2log from the competition.
16 Oct 2020
As shippers and forwarders scramble for effective ways to consume visibility data, software providers are finding new angles to sell their products in a competitive market.
15 Oct 2020
Container allocation capability among cargo owners is improving, but digital procurement is still not all that common, logistics technology veteran Martin Hubert told JOC Uncharted this week.
15 Oct 2020
TradeLens said Thursday that Maersk’s liner competitors MSC and CMA CGM are both “fully integrated” into the platform, which could make it more appealing for cargo owners and 3PLs to use the blockchain-based solution.
14 Oct 2020
Austin-based software provider E2open, which caters to large global shippers and their logistics providers, is set to be pulled into a special purpose acquisition company, a new financial vehicle to expedite the process of taking companies public.
13 Oct 2020
An analysis of shipper transaction data shows a marked slowing of spot market rate hikes in September after a turbulent summer, perhaps pumping the brakes on the rise of contract rates
13 Oct 2020
Volatility in the air freight market is translating into lower quote acceptance levels and growth in the spread between average quotes offered and those chosen by shippers, the spot procurement marketplace Cargobase said.
09 Oct 2020
Technology providers in the logistics industry are gearing their solutions around shippers’ need to think of product availability above freight visibility as demand and supply variability swing beyond normal patterns.
09 Oct 2020
Shippers are modifying their approach to truckload contracting, using more short-term “mini-bids” than ever before and turning to technology to improve a process that often breaks down when market prices swing quickly.