Shippers using third-party vendors to help them manage auditing and paying their freight bills see a sizable advantage in process costs versus those that manage the function in-house, new research has found.
Saturday September 19, 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
17 Sep 2020
Forwarders can use logistics marketplaces to cater to small shippers that want to be able to secure international freight capacity, a group that is expanding during the COVID-19 pandemic, the head of Freightos’ marketplace told JOC Uncharted this week.
17 Sep 2020
Convoy is providing shippers an avenue to avoid what it considers unnecessary procurement costs associated with negotiating annual truckload bids that aren’t generally honored by either the shipper or carrier.
16 Sep 2020
German digital broker Sennder has scooped up Uber Freight’s European operations for an undisclosed amount, consolidating its position in a market defined by small carriers with employee drivers, not independent owner-operators.
14 Sep 2020
Visibility software provider FourKites has unveiled a product designed to help shippers better track arrival times and delays associated with individual purchase orders rather than entire shipments.
14 Sep 2020
A technology-focused forwarder in New York is using bots from automation startup RPA Labs to automate document management and response workflow for its customers, a signal that robotic process automation is making progress in logistics.
09 Sep 2020
Two Australia-based software providers, Mizzen and Maxamation, have developed a product that will enable container lines to strategize around profitability of dynamically quoted ocean spot pricing.
08 Sep 2020
CEVA will use widely used forwarding software CargoWise to replace legacy systems across its global network of offices as it attempts to match new customer-facing digital capability with a more streamlined back-end system.
08 Sep 2020
Uber Freight on Tuesday said it is providing large shippers with tools meant to complement their existing transportation management systems (TMSs), products that might signal an evolution from broker to software provider.
08 Sep 2020
Logistics software startup Terminal 49 is aiming to arm forwarders and other software providers with an API to more easily convey its container visibility data to shippers.
08 Sep 2020
Venture capital investors have come up with $4 million for TradeLanes, a software provider that helps exporters manage the logistics and compliance elements of trades to increase profit margin per shipment.
03 Sep 2020
The flood of imports to Los Angeles and Long Beach this summer is squeezing truckload and LTL capacity on inland truck routes, more than doubling spot rates to Chicago, as intermodal capacity and e-commerce deadlines remain tight.
02 Sep 2020
Uptake in digital quoting tools at top container lines suggests every carrier will need that capability even if the usage and benefits of such tools aren’t yet clearly defined.
31 Aug 2020
Logistics software providers Qwyk and SimpliShip have jointly landed their second forwarding network as customers, signaling how small and medium 3PLs need technology to keep pace with larger competitors.
27 Aug 2020
Shippers need quicker access to carrier, rate information as lanes, customers, and pricing shift under COVID-19, C.H. Robinson says.
19 Aug 2020
Growth of Maersk Spot indicates the industry is past the point of no return on adoption of instant quoting tools, with container lines not having this capability lagging behind.
14 Aug 2020
Technology has the potential to solve long-running financing tensions between suppliers and importers, and logistics networks and service providers are likely to be the focal point for these solutions.
11 Aug 2020
Maersk’s recent entry into the TMS space highlights the range of players targeting different segments of a fragmented shipper market that’s gravitating toward web-based tools.
06 Aug 2020
Amazon and UTi vet Ed Feitzinger has joined ClearMetal’s board, attracted by the company’s ability to translate visibility data in better supply chain coordination between large global shippers and their customers.
04 Aug 2020
The less-than-truckload (LTL) industry is catching the wave of digitization transforming supply chains, as e-commerce heightens shipper demand for improved service and visibility.
31 Jul 2020
The Latin American market can leapfrog past its supply chain inefficiencies by using technology, but there’s an uphill climb to overcome inertia and differences between markets, a Chile-based forwarder told JOC Uncharted this week.
31 Jul 2020
Logistics managers have to negotiate dueling mandates around speed to market and carbon emissions reductions; a new tool from APL Logistics is designed to help them determine which metric is more important.
30 Jul 2020
A new app marketplace connecting drayage providers and two terminals in Los Angeles could lay down a marker for how software integrations and common data standards will make harbor truckers lives more manageable in the Southern California port complex.
28 Jul 2020
A data-sharing initiative between key container gateways in Europe and Asia underlines the need for shippers and service partners to be connected into multiple shipping networks.
28 Jul 2020
The air cargo industry is gradually moving to electronic bookings between forwarders and airlines, but the evolution could still take time if previous digitization initiatives in the industry are any indication.
24 Jul 2020
New technologies like machine learning and robotic process automation are helping forwarders manage a large volume of shipment data tied up in email inboxes that otherwise would be unusable.
23 Jul 2020
Mumbai-based forwarder Shipwaves has joined TradeLens, bolstering the Maersk/IBM-led shipping visibility and documentation platform’s moves in India.
22 Jul 2020
Maersk will penalize shippers that make manual booking and documentation amendments starting Sept. 1; fees can be avoided if the changes are made on its website or through electronic platforms.
22 Jul 2020
Blue Yonder and DHL’s partnership to build a robotics integration product and broader venture capital investment in that category is a sign contract logistics providers need help managing an influx of in-warehouse technology.
21 Jul 2020
Forwarding software provider Logixboard fine-tuned its approach in 2020 to focus on analytics and visibility and less on quoting to enable mid-market logistics companies to improve online engagement with shippers.
21 Jul 2020
Mercado focuses on the aspects of global trade that happen before goods are handled by forwarders and transportation providers, which has helped it land two venture capital infusions in eight months.
21 Jul 2020
A Miami startup intends to create a software platform that levels the playing field for small truckload carriers by giving them a backbone system that also makes their interactions with brokers more consistent.
21 Jul 2020
Ryder, Blue Grace, and ARL Logistics have either started using or expanded existing relationships with truckload broker software provider Trucker Tool, signaling broader use of third-party tools as an edge in a fragmented market.
17 Jul 2020
E2open is changing its pricing structure for data, connectivity, and system usage as it adapts to a logistics software market more keen to all-in pricing.
16 Jul 2020
A startup that calculates door-to-door cargo shipping emissions has released an interface to convey its data directly to shippers and forwarders needing to meet emissions reductions goals.
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Commentary
What does Maersk-IBM’s TradeLens tell us about the future of blockchain-logistics?