Logistics Technology Providers

Logistics Technology Providers

Technology is now embedded in the very fabric of the way that freight moves across oceans and land. A major dynamic driving technology in logistics is the rise of e-commerce, which has heightened customer expectations in both consumer and industrial markets, and raised demands placed on logistics teams.

Another major factor is the flood of venture capital funding, underpinning hundreds of logistics technology startups, while serving to accelerate the overall pace of innovation. The dizzying pace of new start-ups, new buzzwords and new information makes it extremely challenging to chart an intelligent, risk-averse path. For shippers, it can be confusing to decide which areas of their business make the most sense to invest in, which specific solutions to use to track their supply chain data and to evaluate their current systems and processes.

The logistics technology choices that ocean carriers make will have a significant impact on the overall direction of the logistics technology sector in the future, because much of the data that shippers need in order to optimize their supply chains originates within the data networks of those carriers. To maximize the benefits of such initiatives, the critical data must be accurate, and must flow through such channels as Electronic Data Interchange (EDI) and Application Programming Interfaces (APIs) in a timely fashion. In an effort to improve the quality of this data, some ocean carriers are taking steps to collectively harmonize their data standards.

Commentary

Can a private blockchain fuse the democratic promise of blockchain with its — private — creator’s tendency to exercise control and ownership over the data? And does that model protect sensitive data, while promoting accountability, visibility, and savings?

News & Analysis

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 Apr 2021
Maersk is furthering its ambitions to get closer to its shipper customers with a new fourth-party logistics aimed at large cargo owners that struggle to tie together data around demand, inventory, and cargo flow.
07 Apr 2021
Funding for cross-border technology startup Nuvocargo continues a trend of investment into companies targeting the disjointed processes associated with US-Mexico logistics and transportation.
07 Apr 2021
The real-time freight visibility market continues to push into the world of ocean freight, with FourKites, fresh off a $100 million funding round, acquiring global transportation management provider Haven on Wednesday.
07 Apr 2021
Five of the largest global container lines are adopting the Digital Container Shipping Association’s track-and-trace standards, a sign that carriers are starting to recognize that shippers’ need for standardization outweighs their desire to keep systems proprietary.
31 Mar 2021
E-commerce is driving the demand for flexible warehousing solutions. Stord is among several startups in the warehousing tech space to recently receive funding.
29 Mar 2021
Blume Global is hoping a new product emphasizing its utility as a supply chain planning tool will help it to break out of a crowded field of supply chain visibility providers.
25 Mar 2021
Shippers’ disinclination to replace too much of their logistics systems infrastructure at any one time to avoid disruption runs counter to the theoretical idea that the market requires more functionality on fewer systems.
24 Mar 2021
San Francisco-based Baton, the developer of a software-based drop-zone model linking truckload with final-mile in Los Angeles, has landed a $10.5 million funding round to expand the concept into other North American cities.
24 Mar 2021
FourKites has landed a $100 million funding round, led by industrial investors, to use visibility data to drive strategic supply chain insights by linking hardware and software-derived data.
23 Mar 2021
A veteran of freight broker GlobalTranz has landed an $8 million funding round to enhance a multi-carrier marketplace and transportation management system for less-than-truckload shippers.
22 Mar 2021
SAP’s transportation management integration with Sedna, which helps companies reduce their volume of emails, is a further sign of software partnerships blossoming in logistics and addressing a need to make inter- and intra-company communication more efficient.
18 Mar 2021
Vessel call and berth optimization software provider Portchain has added to its roster of carrier and port clients with the addition of the terminal operator at two container terminals in St. Petersburg.
17 Mar 2021
A partnership between TMS provider SupplyStack and visibility company project44 is emblematic of a growing need for European shippers to embed visibility into their shipment management workflow.
16 Mar 2021
Modal-switching technology tested by MIT and broker GlobalTranz is showing that shippers can save costs by grouping less-than-truckload linehaul freight to multi-stop truckloads.
16 Mar 2021
A $31 million investment into Los Angeles-based technology provider Flowspace is the latest example of e-commerce growth whipping up investor interest in new warehousing and fulfillment models.
09 Mar 2021
ShipBob is adding capacity to its fulfillment network and boosting its delivery options by building out a last-mile delivery network for e-commerce customers.
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.
08 Mar 2021
Two new funds have emerged targeting investment in logistics and supply chain startups, increasing the number of vehicles for early stage technology companies to get access to capital.
04 Mar 2021
The race for multimodal visibility is heating up as project44, fresh off a $100 million funding round, acquires container visibility specialist Ocean Insights for an undisclosed amount.
01 Mar 2021
Descartes has acquired foreign trade zone software specialist QuestaWeb as the global trade management solutions market continues to consolidate.
24 Feb 2021
The case for container lines to invest in sensor hardware to provide visibility to shippers has been made easier by a profitable 2020 and a greater need to track scarce container assets.
23 Feb 2021
ReverseLogix’s cloud-based automation platform can help reduce the cost of merchandise returns by as much as 15 percent, according to founder and CEO Guarav Saran.
22 Feb 2021
A global scarcity of containers could push cargo owners to invest in so-called shipper-owned containers, but the majority of forwarders surveyed by container selling and leasing platform Container xChange weren’t able to supply such a service.
22 Feb 2021
Financial services group ODDO has invested in shipment management software provider BuyCo as part of a broader aim to tether logistics data to new trade finance products intended to provide an alternative to letters of credit.
19 Feb 2021
The head of Maersk’s venture capital arm, and his counterpart on the business side of the container line, are starting a new independent fund to invest in later stage supply chain and logistics startups.
17 Feb 2021
A trade finance startup this week got $7.8 million venture capital investment to arm exporters and logistics providers in Mexico with access to working capital.
17 Feb 2021
The field to supply the shipping industry with container level visibility is getting more crowded, with Bay Area-based Vizion API getting seed funding to build more complete container status data.
16 Feb 2021
Cross-border carriers lack a load board analogous to the widely-used tools available to drivers on US domestic moves, something the broker and technology provider Forager is attempting to address.
16 Feb 2021
Flexport has developed its own spin on an age-old forwarding solution, the purchase order management system, by focusing on messaging between importers and suppliers.
12 Feb 2021
RIM Logistics turned to an early stage forwarding software provider to help it migrate internal data into customer dashboards so it could avoid losing business to forwarders with intuitive user interfaces
12 Feb 2021
Forwarders are viewing traditional backbone operating systems not as a one-stop technology shop, but rather as a vehicle to attach complementary tools that help them serve shipper customers better.
10 Feb 2021
Instant freight quoting is becoming a divided market, with one end focused on large shippers and the other on small and medium-sized businesses, according to Freightos’ annual State of Online Freight Sales survey.
10 Feb 2021
Investment continues to surge into technologies that enable small truckload carriers to improve administrative and operational aspects of their businesses, with SmartHop’s $12 million funding round the latest example.
05 Feb 2021
E2open returned to the public markets Friday after a six-year absence, a move that will allow the supply chain software provider to continue to grow organically and through acquisitions.