Forwarders can use logistics marketplaces to cater to small shippers that want to be able to secure international freight capacity, a group that is expanding during the COVID-19 pandemic, the head of Freightos’ marketplace told JOC Uncharted this week.
Freight Procurement Systems
Freight Procurement Systems
News & Analysis
17 Sep 2020
Convoy is providing shippers an avenue to avoid what it considers unnecessary procurement costs associated with negotiating annual truckload bids that aren’t generally honored by either the shipper or carrier.
16 Sep 2020
German digital broker Sennder has scooped up Uber Freight’s European operations for an undisclosed amount, consolidating its position in a market defined by small carriers with employee drivers, not independent owner-operators.
09 Sep 2020
Two Australia-based software providers, Mizzen and Maxamation, have developed a product that will enable container lines to strategize around profitability of dynamically quoted ocean spot pricing.
02 Sep 2020
Uptake in digital quoting tools at top container lines suggests every carrier will need that capability even if the usage and benefits of such tools aren’t yet clearly defined.
19 Aug 2020
Growth of Maersk Spot indicates the industry is past the point of no return on adoption of instant quoting tools, with container lines not having this capability lagging behind.
04 Aug 2020
A tech-enabled cross-border truckload marketplace is giving shippers access to instantly bookable contract rates for up to a year as it seeks to build density with enterprise customers.
28 Jul 2020
The air cargo industry is gradually moving to electronic bookings between forwarders and airlines, but the evolution could still take time if previous digitization initiatives in the industry are any indication.
15 Jul 2020
CEVA Logistics has expanded the digital tools it offers shippers, part of a growing trend of global 3PLs providing self-service capabilities around quoting and visibility to transaction-oriented shippers.
09 Jul 2020
Uber Freight has expanded its network of transportation management system integrations by piping its instantly available capacity into the Blue Yonder freight execution system.
11 Jun 2020
Logistics software acquisitions continue to occur amid the COVID-19 pandemic, the latest being Descartes’ $12 million deal to purchase UK-based online forwarding software provider Kontainers.
04 Jun 2020
More venture capital is being funneled toward logistics automation tools, this time a large early stage round in an Ireland-based software provider that build procurement bots for shippers.
02 Jun 2020
Alibaba has tied up with logistics software provider Freightos to provide logistics services on its business-to-business platform while also allowing buyers to extend payment terms to sellers.
01 Jun 2020
London-based digital 3PL Beacon lands a $15 million venture capital investment by focusing on supply chain finance, as the digital forwarder model continues to attract growth funding.
01 Jun 2020
A plethora of technology providers have emerged in recent years to arm forwarders with the ability to quote digitally, but not all are in the same category and most are geared to help existing forwarders compete with digitally-minded competitors.
26 May 2020
Expeditors has acquired Fleet Logistics, pulling digital forwarding capabilities into the arsenal of the trans-Pacific’s largest non-vessel-operating common carrier.
26 May 2020
Forwarding software providers continue to link up to provide amplified value to logistics companies, the latest example being SimpliShip and Qwyk teaming to provide rating and quoting tools to an Asia-based forwarder alliance.
25 May 2020
Partnerships between digital freight brokers and TMS providers continue to be formalized, which should benefit shippers looking for extra sources of capacity in their core transportation planning and execution systems.
19 May 2020
Kontainers, which has made inroads in providing forwarders with an online transactional channel, is partnering with Portrix, a longtime supplier of rate management tools to top forwarders.
11 May 2020
Forwarders wanting to build instant quoting capability often need to juggle multiple systems and navigate setbacks to get to a desired state of reaching broader customer segments.
24 Apr 2020
DP World’s rollout this week of an online freight booking platform for forwarders continues its campaign toward broadening its reach in containerized supply chains.
07 Apr 2020
Online platforms to check rates, procure capacity, and track freight are not new, but forwarder Kuehne + Nagel is testing whether an intra-Asia-specific platform will accelerate uptake of such an approach.
18 Mar 2020
Forwarders facing the task of continuing operations while under work-from-home mandates are getting a boost from software providers offering free versions of their products to help companies cope with the new distributed environment.
17 Mar 2020
The logistics software provider Freightos is the latest to react to an uncertain freight market by cutting staff, a move the company attributes to the effect the coronavirus disease is having on supply chains and the financial ecosystem.
05 Mar 2020
Dynamic ocean freight pricing — often conflated with instant quoting — can create some unintended consequences that rebound on the intermediaries upon which shippers rely.
27 Feb 2020
The freight rate marketplace provider Freightos will include an option for shippers to add FedEx customs brokerage services on-demand as part of a broader deal between the two companies that also includes FedEx’s use of Freightos’ air cargo pricing and booking tools.
26 Feb 2020
A Southern California drayage software maker has raised more than $10 million to fund development of its marketplace for drivers and shippers, a sign the pace of investment in this once-overlooked freight segment won’t soon slow.
20 Feb 2020
Lufthansa Cargo will offer instant air freight quotes via an application programming interface with digital forwarder Fleet, a company in which the German airline invested in 2018.
18 Feb 2020
The truckload freight marketplace Transfix is allowing shippers to guarantee forward spot rates up to a year out based on an machine learning model it has been using internally for more than a year.
27 Dec 2019
Virtually every notable new domestic freight broker in the US tied up at least one direct integration with a major transportation management system (TMS) provider in 2019, a trend that will likely continue in the coming years.
14 Nov 2019
Carolyn Glynn, director, imports, Sealink International provides a recap of the JOC LogTech19 Conference panel on automation of freight procurement, the question of contracts that don't hold carriers to their allocation commitment, and how this movement will change the very meaning of procurement.
02 Oct 2019
Drewry’s contention is that an online marketplace where ocean freight buyers and sellers could agree on binding forward commitments would eliminate inefficiencies in the existing spot market.
10 Sep 2019
CEVA joins Maersk and Toll in an e-commerce portal that gives customers 24/7 access to their shipments.
28 Aug 2019
Data from the spot freight procurement platform Cargobase finds shippers should consider a limited number of quotes and the right timeline to solicit.
16 Jul 2019
Shippers benefit from logistics systems integrations, some of which they don’t even see, as 3PLs and software vendors develop embedded pricing and visibility functionality.
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