Freight broker Transfix will integrate predictive visibility data from project44 to augment its existing app-based GPS location data as part of a long-term agreement with the multimodal visibility provider.
Thursday December 3, 2020
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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
01 Dec 2020
Flock Freight, which uses software to aggregate less-than-truckload (LTL) shipments into multi-stop truckloads, has received more than $100 million to expand its alternative to the hub-and-spoke model.
01 Dec 2020
E-commerce growth has driven appetite for on-demand warehousing space, which propelled software provider Flexe toward a $70 million funding round Tuesday.
27 Nov 2020
Automation, self-invoicing bolster traditional third-party payment audit model
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.
24 Nov 2020
Toronto-based freight marketplace Shipz has partnered with a trio of software firms to enable users to access to adjacent tools, part of a continuing trend of forwarder-focused technology providers partnering to augment their value.
24 Nov 2020
New York–based new trade compliance automation startup Altana AI has designs on creating a new version of much-maligned trusted trade cargo facilitations programs.
20 Nov 2020
Loadsmart more than tripled the amount of capital raised through a $90 million round announced Friday as it seeks to automate the brokerage and optimization of US domestic transport modes.
19 Nov 2020
Convoy has seen considerable volume growth for a program under which loads are pre-staged for drivers, prompting the freight broker to develop more predictive capability to route empty equipment to shippers’ facilities.
17 Nov 2020
Shippers will need to look not just at multiple transportation modes, but across modes, to secure capacity in 2021, digital broker Loadsmart said.
17 Nov 2020
Digital forwarder Forto has snared its second large funding round of 2020 based on a three-fold growth in its ocean freight this year.
17 Nov 2020
DCSA and BIC have built a database of 11,000 depots, container yards, maintenance and repair vendors, and other supply chain container facilities in 160 countries.
10 Nov 2020
Cyber attacks on companies in the global logistics industry are an ever-present threat, but container lines and software providers say hosting systems in the cloud helps combat the threat and aid in recovery.
09 Nov 2020
Cloud computing is ubiquitous in the world of commerce, and that’s spread in recent years to container lines, which are using a migration to platforms like Microsoft Azure to develop products quickly and then scale them back without committing resources to a server infrastructure.
02 Nov 2020
The widely-used supply chain modeling software provider LLamasoft was acquired Monday by a procurement solutions maker in one of the biggest deals of late for a pure supply chain technology provider.
28 Oct 2020
A network of major banks in Singapore has signed an agreement with CargoX, which provides electronic bills of lading to the shipping industry, to underpin the network’s trade finance capability.
27 Oct 2020
A new self-service automated freight invoice auditing software provider launched Tuesday, helmed by Matt Tillman, an entrepreneur who most recently founded the transportation management system provider Haven.
27 Oct 2020
Port software provider Portchain has grown the number of terminals using its berth optimization solution to two transshipment hubs in Europe as terminals seek to better align equipment, capacity, and human resources to vessel calls.
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.
22 Oct 2020
TradeLens will use the integration specialist Youredi to offer data providers and consumers on its platform the option to connect their systems to the container visibility and documentation product co-developed by Maersk and IBM.
20 Oct 2020
System integration provider Youredi is trying to attract logistics and maritime companies to help it build a new template-based integration platform for data and partner connectivity.
20 Oct 2020
A new set of data definitions for terminals and container lines to coordinate port calls was released Tuesday by the Digital Container Shipping Association, the non-profit group’s latest attempt to drive standardization in the maritime industry.
19 Oct 2020
Shippers contend with a lack of transparency when it comes to container lines communicating changes for the earliest return date for their boxes, creating operational headaches for cargo owners already affected by tariffs and COVID-19, new research has found.
16 Oct 2020
As shippers and forwarders scramble for effective ways to consume visibility data, software providers are finding new angles to sell their products in a competitive market.
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.
15 Oct 2020
TradeLens said Thursday that Maersk’s liner competitors MSC and CMA CGM are both “fully integrated” into the platform, which could make it more appealing for cargo owners and 3PLs to use the blockchain-based solution.
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
An analysis of shipper transaction data shows a marked slowing of spot market rate hikes in September after a turbulent summer, perhaps pumping the brakes on the rise of contract rates
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.
09 Oct 2020
Technology providers in the logistics industry are gearing their solutions around shippers’ need to think of product availability above freight visibility as demand and supply variability swing beyond normal patterns.
09 Oct 2020
Shippers are modifying their approach to truckload contracting, using more short-term “mini-bids” than ever before and turning to technology to improve a process that often breaks down when market prices swing quickly.
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.
06 Oct 2020
A widely-used drayage management solutions provider has added the truck parking marketplace SecurSpace to help drivers find parking and equipment storage options directly in their transportation management systems.
06 Oct 2020
The freight broker Transfix is providing small carriers with free standalone operational technology to align their capacity availability with needs from the company’s shipper customers.
02 Oct 2020
A private equity group has plunged $500 million into Uber Freight, signaling that longer-term investors believe the business model of digital freight matching will gain traction in the years ahead.
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Commentary
What does Maersk-IBM’s TradeLens tell us about the future of blockchain-logistics?