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.
Freight Procurement Systems
Freight Procurement Systems
News & Analysis
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.
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.