Data from visibility provider Portcast shows US exporters struggle to manage changes to early return dates as well as variances in ERD data formats from different terminals.
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
15 Nov 2022
PayCargo has extended its reach into the forwarding industry via an integration with software vendor Raft that minimizes PayCargo’s need to directly connect with CargoWise.
11 Nov 2022
Audit and payment vendors are moving beyond their traditional core business of ensuring accurate freight invoices and into business analytics and consultative services as shippers seek to turn invoice data into strategic supply chain intelligence.
02 Nov 2022
WiseTech Global has resumed its acquisitive ways with the purchase of Shipamax, a UK-based logistics data extraction software vendor.
02 Nov 2022
Shippers affected by the closure of a free less-than-truckload transportation management system in October have been given a pathway to migrate to another system connected to 15 LTL carriers.
01 Nov 2022
The truckload market is still searching for a single platform that aggregates shipper loads and carrier capacity, a role that investors are backing Chicago-based Newtrul to eventually fill.
27 Oct 2022
A Geodis initiative around automating service requests from shippers is an example of growing consumption of robotic process automation in the third-party logistics industry.
25 Oct 2022
A funding round into Shippeo shows that demand for visibility and fragmentation of the market continue to grow despite a slowing venture capital environment.
18 Oct 2022
Embattled software provider Slync.io has turned to GT Nexus co-founder John Urban in a bid to resurrect its fortunes following the ousting of former CEO Chris Kirchner.
13 Oct 2022
A weakening freight market and growing investor unease with holding companies designed to take early stage companies public have led Transfix to put a public listing on ice.
13 Oct 2022
project44 and the Global Shipping Business Network are working together to tie cargo tracking and bill of lading data to unearth trade finance opportunities in Asia.
12 Oct 2022
Software vendor Portchain will help a DP World-operated terminal in the Port of Antwerp to automate communication from shipping lines to better coordinate berth plans, the companies said Wednesday.
10 Oct 2022
Shippers need to rethink the entire truckload procurement process, not just use technology that marginally decreases costs by relying too much on predictive pricing, according to a trio of procurement technology experts.
06 Oct 2022
Supplier risk is becoming a bigger hurdle for shippers, notably around forced labor regulations, prompting venture capital firms to plunge $100 million into technology provider Altana.
05 Oct 2022
Overhaul has joined a growing group of visibility providers aiming to connect real-time shipment data to cargo insurance solutions.
05 Oct 2022
The less-than-truckload industry is reaching its technology inflection point, which it will need to capture rising demand from shippers seeking operators that are easy to do business with.
30 Sep 2022
A trio of technology providers want to give shippers the ability to tie sensor-based container data to in-transit cargo insurance decisions.
29 Sep 2022
A consortium of liner carriers and terminals aiming to speed the sharing of shipment data with banks believes it can overcome a chronic consent hurdle in the process.
29 Sep 2022
Tive has been piloting its new pharma product, which meets a variety of requirements around data security and storage, with 34 companies over the past two months.
27 Sep 2022
Shippers are seeking unified data across the modes they use, something that has prompted project44 to integrate data into a single platform it released Tuesday.
20 Sep 2022
A shift from a focus on freight procurement to international transportation management has yielded growth in several regions for transportation management software vendor Cargobase.
19 Sep 2022
Convoy is attempting to differentiate itself within the competitive freight broker landscape by using data gathered from its driver-mandated app to provide more execution-focused visibility insights.
14 Sep 2022
NYSHEX has landed its third funding round in 24 months, a $25 million investment that supports the notion the shipping industry is starting to embrace mutually enforceable contracts.
13 Sep 2022
Linking ocean and air freight visibility has been an elusive challenge for shippers and logistics providers, which has led Vizion and BlueBox to combine their respective data products in a commercial partnership.
13 Sep 2022
MyCarrier has created automation partnerships with 15 less-than-truckload (LTL) carriers and will handle more than $1 billion in shipper freight spend, factors that induced venture firms to invest $22 million in the company.
13 Sep 2022
Demand for rate benchmarking tools grew during the pandemic’s wild pricing swings in ocean shipping, which has helped fuel a new $80 million investment in Oslo-based software provider Xeneta.
02 Sep 2022
Technology intended to help shippers and forwarders manage arrival notice information might be the solution that federal regulators are seeking to bridge data gaps from carriers and terminals.
30 Aug 2022
NYSHEX is expanding the reach of its mutually enforceable contract technology to ocean freight agreements outside of its platform as it widens its focus beyond the trans-Pacific trade lane.
29 Aug 2022
Political pressure has increased recently to help US agricultural exporters, who have lost billions due to an inability to access sufficient numbers of export containers.
24 Aug 2022
Incumbent third-party logistics providers that manage an array of services are being challenged by digitally native upstarts who can provide single, unified platforms to shippers.
15 Aug 2022
Investors into logistics technology providers are focusing more on long-term profitability than growth at all costs, leading FourKites to join a growing list of companies to lay off employees to cut costs.
10 Aug 2022
Slync.io’s widely reported payroll woes and the departure of its CEO last week have had a minor impact on the broader logistics industry due to the technology provider’s relatively small customer base.
08 Aug 2022
Convoy’s counterpunching approach to being sued by load board provider DAT Freight & Analytics is as much about winning the battle of public opinion as it is about winning in court, a transportation attorney told JOC.com.
02 Aug 2022
Scoular, one of the US’ top exporters, discovered significant duplicate invoices from its ocean transportation providers in recent months, an issue likely to become more pervasive as regulators scrutinize carrier and terminal billing.
01 Aug 2022
Load board provider DAT and freight broker Convoy have sued one another over Convoy’s development of a product that DAT says is competitive with its own, violating a contract Convoy signed with DAT.
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Commentary
Lack of technology adoption hindering supply chain evolution