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.

Commentary

Can a private blockchain fuse the democratic promise of blockchain with its — private — creator’s tendency to exercise control and ownership over the data? And does that model protect sensitive data, while promoting accountability, visibility, and savings?

News & Analysis

Convoy snags historic $400 million investment
13 Nov 2019
The freight broker Convoy has landed the second biggest single funding round in North American logistics technology industry, as its investors more than double down on the idea of technology solving inefficiencies and waste in the truckload market.
CargoSmart links shipment data, trade finance blockchains
06 Nov 2019
Shipment management software provider CargoSmart has tested a connection between a Hong Kong banking platform and shipment data provided by terminals and container lines to speed approval of trade finance processes and expand the range of shippers who can receive financing services.
Michelle Gaubert, director, CyberLogitec America: Top 3 Tech Trends LSPs Need To Watch
05 Nov 2019
Sponsored: Logistics service providers need to understand that cargo owners are expecting the visibility of Amazon packages for their freight, said Michelle Gaubert, director, CyberLogitec America.
CargoSphere, now a part of the forwarding software provider WiseTech Global, has for years been chasing a way to more effectively pull ocean carrier rates electronically into its system.
05 Nov 2019
The freight rate management software provider has developed a uniform way for carriers to convey real-time rates to forwarders and NVOCCs using its rate-sharing platform, allowing for quicker and more accurate quoting to shippers.
Glenn Jones, global vice president of the AI-enabled platform Blume Global
17 Oct 2019
Sponsored: JOC LogTech 2019 Panelist Glenn Jones, global vice president of the AI-enabled platform Blume Global, on steps needed to move industry past limited understanding of visibility as just track and trace and his vision for where it can go.
17 Oct 2019
GCT has joined with a number of other terminal operators in participating in the IBM- and Maersk-developed TradeLens platform to get better access to container data and visibility.
APM taps shipping, chassis veteran for NY-NJ terminal
17 Oct 2019
APM’s terminal at the Port of New York and New Jersey, which is undergoing a major upgrade, will be led by an executive with shipping, intermodal and chassis experience, starting Nov. 1.
Flexport adds visibility capabilities with Crux buy
10 Oct 2019
With the acquisition of the software maker Crux Systems, Flexport is becoming a provider of third-party visibility data while also eschewing concerns about M&A expressed in the wake of its $1 billion round of funding in February.
Transplace aims to inject speed, transparency into freight payment
07 Oct 2019
Payment options and visibility for carriers working with progressive freight brokers are expanding, exemplified by Transplace’s integrations with two third-party solutions for small and larger carriers.
Portrix tie-up advances Xeneta’s forwarding software integration
07 Oct 2019
The contract rate benchmarking platform Xeneta has tied up another integration with a freight forwarding software provider following its first such partnership in June, signaling that its data is most effective when piped into a system that contextualizes it.
A host of sensor hardware developers are making products for the container shipping industry designed to provide better location and condition data of ocean-borne goods, but shippers need data from the systems to be interoperable.
03 Oct 2019
The Marseille-based technology provider has developed a UN standard for sensor-based container messages it hopes will be used widely throughout the industry to make such systems interoperable for potential buyers and users of tracking solutions and associated analytics.
01 Oct 2019
While the search for true end-to-end visibility continues, the rise of partnerships between visibility providers in distinct legs continues with surface transportation-oriented software company FourKites partnering with container visibility provider Ocean Insights.
Convoy has catered to small shippers before now, but put a pause on serving new customers with fewer than 1,000 truckload hauls this spring and summer.
01 Oct 2019
Convoy is releasing a new transportation management system for shippers relying on spreadsheets and emails -- a free software option that provides access to Convoy quotes and booking.
30 Sep 2019
The convergence of contract and spot rates for ocean freight and the increased availability of instant digital quoting tools is pushing more cargo to the spot market and changing shipper negotiation strategies for long-term contracts.
24 Sep 2019
Traction for some of the biggest names in the logistics software startup world means partnering with the old guard to drive access to shippers.
24 Sep 2019
The partnership with JDA is the latest sign of how Maersk is seeking to become an integrator, deepening its reach into landside transport, customs brokerage, and distribution.
Mediterranean Shipping Co. has committed to deploying 50,000 smart containers by 2020, using devices manufactured by Traxens.
19 Sep 2019
A discussion on the benefits of adopting smart container technology at the JOC Container Trade Europe conference this week yielded a wide range of projections for what percentage of the global dry container fleet might actually be equipped with such devices in the near future.
17 Sep 2019
Shippers wanting to access quotes for truckload capacity through new digital platforms often struggle with pulling the quotes and related tendering into a single system, something software provider project44 is trying to tackle.
Technology smoothing logistics sourcing shifts
12 Sep 2019
Older logistics outsourcing models are being replaced by collaboration among multiple partners on specific, high-priority projects as technology advances.
Blockchain platform TradeLens seeks ‘organizational identity’
12 Sep 2019
The adoption of blockchain-based container shipping software may depend on the efficacy of associated identity management and data security components.
12 Sep 2019
DHL Supply Chain will connect with the truckload freight network of Seattle-based broker Convoy and San Francisco-based collaborative software provider Turvo, startups that have raised more than $355 million in combined funding.
11 Sep 2019
The Cass Truckload Linehaul Index has gone negative for the first time since March 2017, a signal that in addition to spot rates, contract rates are starting to suffer as well; intermodal prices are also expected to go negative in October.
10 Sep 2019
CEVA joins Maersk and Toll in an e-commerce portal that gives customers 24/7 access to their shipments.
Loadsmart is adding to its full truckload instant quoting and booking platform with a new drayage product supported by investment partners Maersk and Ports America.
05 Sep 2019
Digital freight broker Loadsmart is adding to the list of startups aiming to revamp way shippers can procure drayage capacity in an effort backed by sizable investment from Maersk and Ports America.
While the number of affordable cloud-based TMSs available to shippers has expanded, many small and medium shippers still rely on spreadsheets to manage freight rates and bookings.
26 Aug 2019
Digital freight broker Loadsmart has built an extension to its platform to allow shippers using shareable spreadsheets to request rates and book truckloads directly within those documents.
Startup tech-focused operators are luring venture capitalists not just into providing money but into joining their executive ranks to drive change in the freight industry.
23 Aug 2019
Digital freight broker Transfix is banking on a former eBay executive and venture capital investors to differentiate the company among a crowded field of brokers, digital and otherwise.
WiseTech Global is making a big push into the US with the acquisition of Depot Systems, which runs container yards and handles container bookings.
19 Aug 2019
WiseTech’s purchase of Depot Systems allows it to gain yard container management technology in the US.
TMS tie-ups blurring lines between brokers, visibility providers
08 Aug 2019
Partnerships between TMS providers, digital brokers, and visibility providers are becoming commonplace, but that doesn’t mean the blurring between those models is easy for shippers to understand.
Container contract reliability efforts gaining traction
05 Aug 2019
No-shows, or “downfall” in industry jargon, have plagued the industry for decades, but carrier attention has risen in recent years as pressure to increase waste rises, and digitalization provides opportunities to streamline the booking process
26 Jul 2019
Maersk’s investment in digital trucking marketplace Loadsmart presaged a move to offer integrated US truckload rates on its online booking platform, a move the carrier confirmed this week.
Best CRM tools recognize power of human insight
25 Jul 2019
Sponsored: For carriers and forwarders facing increasing RFP response costs, the best defense is analytics. Winmore's John Golob discusses the "digital water cooler" and the evolving TMS and CRM systems.
Catapult provides software to forwarders that helps them manage their ocean freight contracts and quote more quickly and accurately to shippers.
25 Jul 2019
Software partnerships are expanding the appeal of core systems like electronic rate management, symbolized by Catapult’s collaboration with Xeneta helping it to land BDP
23 Jul 2019
A VIP program to be rolled out by Fenix Marine and Blume Global in Los Angeles this autumn aims to push actionable shipment data and appointment slots for specific containers to BCOs, NVOs, and truckers to reduce truck visit times as well as cut down on multiple handling of containers.
23 Jul 2019
It’s likely only a matter of time before antitrust regulators turn their gaze to new shipping partnerships formed in private blockchain.
Blurring division of customer, provider leading logtech possibilities
18 Jul 2019
Sponsored: At TPM19, Kontainers' CEO Graham Parker discussed insight from conference panelists; experiences that led to company founding; building a consumer-type experience for freight forwarders, and the most-misunderstood area of technology.