Freight Procurement Systems

Freight Procurement Systems

News & Analysis

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.
Freightos rolls out FedEx customs brokerage add-on
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.
Transfix looks to the future with guaranteed rate product
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.
Freight procurement is going to have a new look
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.
Shippers might soon come to expect tools such as in-transit visibility and access to instant freight quotes will be provided within a 3PL's transportation management platform.
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.
13 Jun 2019
The success of digital freight matching technology will largely rely on the extent to which shippers stop viewing the spot market as a last resort and start viewing it as a strategic tool.