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.
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
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.
29 Jul 2022
The latest integration is a sign of continued strategic partnerships between logistics software vendors as they seek to amplify the value their solutions offer.
28 Jul 2022
End-to-end visibility of the freight flowing across oceans and moving across the US is the goal of the partnership between Flexport and Nolan Transportation Group, giving shippers more control over modal choices and costs.
25 Jul 2022
Deciding whether to outsource key logistics functions is an existential question for shippers, one made harder by external dynamics being out of whack during the pandemic.
21 Jul 2022
ExFreight’s transactional focus on pricing each leg of a container and air shipment has allowed the forwarder to navigate chaotic international markets over the past two years.
20 Jul 2022
project44 executives say continued expected revenue growth and a healthy pipeline of new business cut against the notion that its move to let go of 63 employees is a sign of deteriorating fortunes.
19 Jul 2022
Visibility data provider Vizion has landed its third venture funding round in 18 months, a $14 million infusion that it will use to expand its product offerings and geographic footprint.
14 Jul 2022
A range of US importers are at risk of violating new regulations over the involvement of forced labor in the goods they import, leading Maersk and technology vendor Altana AI to partner in a program to help shippers identify that risk.
12 Jul 2022
The Digital Container Shipping Association is ramping up efforts to drive electronic bill of lading adoption by working with four technology vendors and a major shipper to ensure their products are interoperable.
08 Jul 2022
Recent funding rounds for Flexe and PayCargo are symbolic of the confusing market that logistics technology companies are navigating, with funding still available but harder to obtain than last year.
07 Jul 2022
Small truckload fleets want access to online insurance quotes and coverage, which led low-cost transportation management software provider AscendTMS to partner with trucking insurance specialist CarrierHQ.
06 Jul 2022
CloudTrucks is arming small carriers that struggle to get access to traditional credit lines with a product that facilitates routine operational expenses like fuel and lumper payments.
05 Jul 2022
Forwarding software provider WiseTech Global has waded into the fragmented electronic bill of lading space with the purchase of Bolero, an early provider of trade finance and electronic documentation tools.
23 Jun 2022
Freight procurement specialist Transporeon has added a freight matching component to its product suite to help brokers tender spot freight to carriers already in their network.
21 Jun 2022
FourKites will get access to previously internal shipment data from FedEx to train its predictive visibility system as part of a new planning and problem resolution platform called FourKites X.
17 Jun 2022
Import automation provider Flowfox is working with some of the largest container lines and global forwarders to adapt its European container release product to US needs.
16 Jun 2022
Recent layoffs and delayed public offerings in the logistics technology sector offer clues that economic uncertainty over the health of the freight market is mirrored in the software world.
15 Jun 2022
Chain.io has landed an $11 million funding round to expand its basket of logistics-specific integrations to transportation management and operating systems used by forwarders and shippers.
10 Jun 2022
A drayage technology provider in the ports of LA and Long Beach that has prioritized dual transactions for its driver network said it is seeing a majority of moves in 2022 involve coordinated empty container drop-offs and laden import pickups.
09 Jun 2022
Freight management software provider Cargobase is expanding into Mexico to tap into cross-border, near-shoring, and Latin American market opportunities for its procurement and execution tools.
09 Jun 2022
Blume Global customers will soon have more real-time data on supplier visibility and delays through a partnership with a risk-monitoring software company.
08 Jun 2022
Flexport CEO Ryan Petersen will hand over the reins to Amazon logistics vet Dave Clark, a move that shows the forwarder’s lure for heavyweight talent — and possibly an acknowledgement of slower-than-expected market share gains.
03 Jun 2022
Gartner’s annual examination of the real-time visibility market changed little from 2021 to 2022, with the analyst identifying standalone visibility providers as continued leaders for the in-demand market.
01 Jun 2022
Cold chain market leader Lineage Logistics has continued its 2022 acquisition spree with the purchase of TMS provider Turvo, a move that furthers Lineage’s vertical integration ambitions.
01 Jun 2022
Logistics software provider Freightos is being taken public on the Nasdaq, a move that will be closely scrutinized by the founders and investors of growth-stage technology providers in the logistics industry.
01 Jun 2022
Customs software provider KlearNow has added a drayage service to its product in order to sync cargo availability to capacity from its network of dray providers.
27 May 2022
Freightos is targeting the payment space for air forwarders by tying an integrated payment tool between forwarders and cargo airlines to its WebCargo booking and rating software.
24 May 2022
Nowports has landed a cash infusion from logistics technology investor SoftBank to expand its reach in the LatAm market, as investment in the so-called digital forwarding model shows no signs of slowing.
23 May 2022
Technology provider Draying.io wants to use its experience in developing a transportation management tool for carriers to help shippers automate the sourcing and pricing of port moves.
19 May 2022
Software provider Everstream Analytics plans to use a new $24 million investment to expand the geographic reach of its suite of supply chain risk and network planning products.
17 May 2022
Hapag-Lloyd's sensor initiative is aimed at maximizing the use of its container fleet in an environment where global port congestion has reduced the number of turns each box makes on an annual basis.
16 May 2022
Keelvar has landed a $24 million funding round to build its US presence around the logistics procurement automation tools it provides to large shippers like Coca-Cola, Nestle, and Samsung.
13 May 2022
The debate over whether a freight recession is starting in US trucking is getting hotter as spot rates decline but other demand and pricing indicators stay positive.
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Commentary
Lack of technology adoption hindering supply chain evolution