Freight Procurement Systems

Freight Procurement Systems

News & Analysis

18 Aug 2021
A new digitally focused ocean freight consolidator believes it can piggyback on demand in India for less-than-container load (LCL) services with a transparent approach to pricing.
05 Aug 2021
Leaf Logistics has carved out a niche by enabling shippers to tie up forward truckload contracts, but is now aiming to help them move more volume away from static contract rates.
05 Aug 2021
Freightify, formerly known as FreightBro, has landed $2.5 million in funding to support a global expansion of its vertical approach to online ocean rate management software.
03 Aug 2021
Broader digital capacity and rate connectivity between container lines and forwarders could change the use case for rate management software, a new Freightos report suggests.
02 Aug 2021
Logistics procurement software providers are becoming increasingly attuned to the mandate their retail and manufacturing customers face to reduce freight-related carbon emissions.
13 Jul 2021
Digital forwarders and investors are eyeing an underserved Latin American market with a combination of service models that have found success in other markets and local expertise that is difficult to replicate for outsiders.
29 Jun 2021
High-profile digital intermediaries Flexport and Convoy are partnering to provide shippers an integrated ocean and truckload service by connecting their respective technology platforms.
22 Jun 2021
Freightos is linking its freight marketplace and rate management products to offer forwarders a white label quoting and booking solution.
17 Jun 2021
Record-high container freight rates are underscoring the need for shippers to be able to benchmark against peers, a factor in Oslo-based technology provider Xeneta nabbing a new round of venture capital Thursday.
10 Jun 2021
European transportation technology heavyweight Transporeon has acquired freight procurement automation specialist TNX Logistics in a bid to amp up its customers’ spot buying prowess.
26 May 2021
Vanguard Logistics has begun providing forwarder customers direct access to rates via Freightos’s WebCargo product, a shift designed to expedite the quoting and booking process.
19 May 2021
Convoy is expanding its drop-and-hook program to cover more spot freight, a move that lets shippers negotiate demand variability without sacrificing the efficiency benefits of pre-staged loads.
12 May 2021
European digital freight broker sennder has continued its acquisition activity by buying a Dutch dedicated fleet broker to add to its growing network.
11 May 2021
The list of container lines able to quote rates and accept bookings through their websites has expanded over the past year, with Singapore-based Ocean Network Express now giving shippers and forwarders such tools.
10 May 2021
The importance of integrating rate management capability into a forwarder operating system has driven Descartes to acquire German software maker Portrix, the third such acquisition by a widely used forwarding system in recent years.
06 May 2021
Perishable shippers seeking to wean themselves off a reliance on brokers have a new venture-backed platform that connects them directly with a network of pre-vetted reefer carriers.
29 Apr 2021
Drewry is partnering with procurement software vendor Freightender to reinvigorate its procurement services product for shippers in an ocean freight market beset by rapidly changing pricing dynamics.
22 Apr 2021
A lack of teeth in the offline freight contracting process has led to chronic capacity availability problems, but freight marketplaces see a path to use buyer-seller rules to redraw the terms of engagement.
09 Apr 2021
FreightMango, led in North America by a veteran of Cargomatic, is looking to differentiate itself in a growing field of forwarding services marketplaces by helping shippers vet and select providers.
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.
14 Jan 2021
A partnership between widely used rate management software provider Portrix and container line digital quoting platform BlueX Trade is yet another sign of the need for forwarders to get direct access to digital quotes offered by carriers.
30 Dec 2020
Migrating away from traditional spreadsheet-based freight procurement is becoming a priority for shippers as they move toward more frequent bids and seek to avoid data silos.
15 Dec 2020
BlueX Trade and Catapult are partnering to pipe instant rates from BlueX’s container line customers to Catapult’s forwarder customers, a further sign that instant quoting is gaining traction as an alternative to traditional spot quoting.
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.
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.
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.
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.
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.
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
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.
08 Oct 2020
The number of freight marketplaces for international shippers and forwarders continues to expand with Canada-based Shipz now providing a platform for mid-market cargo owners and the forwarders that serve them.
30 Sep 2020
Forwarding software providers continue to partner in ways that create broader value than single applications are able to, the latest example being Portrix and Freightender connecting rate and tender management solutions.
17 Sep 2020
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.
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.