Portchain has turned traction for its berth planning software into a cash injection intended to fuel its ability to help terminals better utilize resources as they grapple with port congestion.
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.
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News & Analysis
22 Sep 2021
Transfix’s announcement that it is going public will serve as a comparison against incumbent brokers and a reference point for other digital brokers and technology providers with public aspirations.
21 Sep 2021
project44 continues its active 2021 with the $255 million acquisition of last-mile visibility platform Convey, the Chicago-based company’s largest purchase to date.
20 Sep 2021
Investors have backed technology provider Altana AI’s vision of building a map of trade network to underpin solutions for shippers, logistics providers, and customs agencies.
16 Sep 2021
A huge funding round for Utah-based digital customs technology provider Zonos shows that online cross-borders sellers new to international trade struggle to accurately calculate the cost of duties.
15 Sep 2021
A consortium of container industry heavyweights has enlisted three banks in Asia to advise it on development of trade finance solutions to tether shipping data to new financing opportunities.
15 Sep 2021
Private equity fund Bridgepoint has funneled capital into supply chain technology provider Blume Global, which has customers in nearly every segment of the global logistics industry.
14 Sep 2021
TrueCommerce’s acquisition of competitor DiCentral gives it a deeper roster of supplier and transportation partner connections for its now 18,000-strong customer base.
14 Sep 2021
Google Cloud is using project44 to boost the visibility prowess of its supply chain solutions, as cloud-hosting giants target the logistics industry.
13 Sep 2021
A new funding round into London-based forwarding automation specialist Vector.ai highlights the need for forwarders to offload administrative tasks to keep up with industry growth and complexity.
13 Sep 2021
Taking aim at a lack of proof-of-delivery certainty in global logistics, Clockwork Logistics Systems has received financial backing from a range of logistics-focused investors.
10 Sep 2021
Container visibility data specialist Vizion’s latest funding round adds more fuel to a market searching for quality, real-time ocean freight milestone information to execution systems.
09 Sep 2021
Magaya’s acquisition of two forwarding technology providers lets customers manage instant quoting and customer service through a unified platform to compete with digital forwarders.
08 Sep 2021
More funding has flowed into container visibility solutions to address a growing need for shippers and their logistics providers to predict where and when disruptions are likely to occur.
08 Sep 2021
As shippers and forwarders deal with limits on their ocean freight capacity allocations from carriers, software provider Slync.io has released a product that tethers booking activity to space allocations.
07 Sep 2021
When ships sit outside ports and containers are not picked up and returned quickly, that loss of effective capacity causes record spot rates, high demurrage and detention costs, and lengthening transit times.
30 Aug 2021
Acquisitions and large funding rounds have catapulted standalone multimodal platforms to market-leading positions, but the growing list of global and domestic visibility providers signals ongoing demand for different approaches to freight visibility.
26 Aug 2021
Rate increases on the Trans-Pacific vary because of what benchmarking platform Xeneta described as a “whole series of different markets” for different shippers.
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.
17 Aug 2021
A month after grabbing its first North American customer, Portchain has added a new Mediterranean transshipment terminal to its growing footprint of container ports using its berth planning software.
16 Aug 2021
Trucking load board DAT’s partnerships with a range of small carrier software vendors signify the importance of aggregating small carrier demand in a market in which brokers are hungry for capacity.
11 Aug 2021
Early-stage logistics marketplace FreightMango will use container visibility data from Vizion to bolster its offerings to shippers, part of a wider trend of forwarding platfoms needing better tracking information.
10 Aug 2021
The acquisition of parcel consolidator Access Worldwide by startup cross-border shipping platform Passport is likely targeted at cost-conscious shippers needing to fulfill small package orders.
09 Aug 2021
Shypple has acquired a perishables competitor that it says will expand its geographic presence in Latin America and Asia, while giving it a leg up on other digital forwarders.
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.
22 Jul 2021
The acquisition of third-party logistics provider Transplace will transform Uber Freight, providing greater access to shippers, as it builds a “fully-scaled” logistics platform.
21 Jul 2021
A liner-led consortium aimed at using blockchain to digitize key container shipping processes has launched a cargo release product in China.
20 Jul 2021
Technology provider EDRAY, flush with new funding, has expanded its range of solutions to include a drayage marketplace and visibility tools.
16 Jul 2021
A new digital forwarding platform emerges in India to serve small 3PLs that want to provide shippers instant quotes and attached insurance and finance solutions.
15 Jul 2021
Digital broker Uber Freight is expanding its truckload platform to encompass LTL, as strapped US shippers turn to LTL carriers and 3PLs such as BlueGrace for capacity.
15 Jul 2021
Supply chain-focused venture capital firm 8VC has partnered with the largest provider of cold storage facilities globally to fast-track the company’s technology development and adoption.
14 Jul 2021
Platforms aimed at helping 3PLs migrate their payables processes to electronic formats are helping the industry catch up to similar transformations taking place in other industries.
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Commentary
What does Maersk-IBM’s TradeLens tell us about the future of blockchain-logistics?