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

12 May 2020
OL USA, an NVO led by industry veteran Alan Baer, is using software from Blume Global to provide visibility and disruption recovery capability akin to larger and more well-capitalized competitors.
11 May 2020
Forwarders wanting to build instant quoting capability often need to juggle multiple systems and navigate setbacks to get to a desired state of reaching broader customer segments.
11 May 2020
A warehouse robotics integration platform has secured a venture capital investment to help contract logistics providers and shippers cope with the plethora of automation systems.
07 May 2020
Brokerage solutions maker Trucker Tools will pull parking data into an app-based platform to aid truck drivers searching for available spaces.
05 May 2020
Visibility provider OpenTrack has spent more than a year in stealth building an automated platform for ocean container status on the belief that shippers and 3PLs need faster access to cargo availability data.
04 May 2020
Process automation is already a feature of logistics technology investment, but the drivers for that investment are changing from cost reductions to business empowerment.
28 Apr 2020
The race to provide the most complete set of tools to manage the interface of container terminals and drayage is heating up, evidenced by Advent eModal linking with a drayage optimization software provider.
23 Apr 2020
Venture capital investment is beginning to flow toward logistics providers that ease the freight and trade compliance burdens on US-Mexico cross-border shippers.
23 Apr 2020
Freight visibility provider Overhaul, fresh off a $17.5 million funding round in March, is partnering with Schneider’s broker division.
22 Apr 2020
A spike in demand for less-than-containerload (LCL) service suggests US importers are limiting shipping costs by not importing items that may not sell during the COVID-19 pandemic.
21 Apr 2020
A survey of shippers and 3PLs finds the COVID-19 crisis left many companies ill-prepared for the pandemic and will compel them to invest in technology.
17 Apr 2020
As blank sailings pile up on the major east-west trades, the forwarder Kuehne + Nagel updated its Sea Explorer to offer more detailed information on ocean freight service schedules and predicted port arrivals.
15 Apr 2020
Logistics startups are facing a new reality in which funding rounds are likely to be smaller, recurring revenue expectations will be higher and valuations will be greater for subscription-based software than for digital brokers and forwarders.
08 Apr 2020
Nothing highlights the need for freight visibility like a crisis, but is a crisis like the coronavirus disease 2019 (COVID-19) the right time for shippers to accelerate investments in such technology?
07 Apr 2020
Online platforms to check rates, procure capacity, and track freight are not new, but forwarder Kuehne + Nagel is testing whether an intra-Asia-specific platform will accelerate uptake of such an approach.
07 Apr 2020
Youredi is the second integration specialist is providing connectivity to a new track and trace container standard developed by the DCSA, a consortium of liner carriers pushing for common protocols and processes in the container shipping.
06 Apr 2020
Supply chain risk monitoring tools have largely been seen as a luxury, not necessity, but COVID-19 is likely to change the industry’s thinking about their ability to adapt to massive disruption.
03 Apr 2020
The pandemic adds impetus to the rush to develop more sophisticated tools that can give shippers better insight into future truck rates, and eventually “forward-looking visibility.”
31 Mar 2020
Slync has made quick progress in landing large forwarders as customers for its automation software, securing an $11 million funding round to fuel its growth despite COVID-19 making investors more conservative.
30 Mar 2020
A $10 million investment into US-Mexico broker Forager could set the company on a path away from its brokerage roots to a more expansive view of cross-border commerce.
27 Mar 2020
Digital truck brokers have found it hard to confidently provide an accurate guaranteed rate to shippers 14 or 21 days in advance because of the unpredictable developments of coronavirus disease 2019 (COVID-19), causing one-off quotes to be higher than normal.
25 Mar 2020
FourKites’ acquisition of the yard management visibility solutions of Denver-based TrackX indicates an intent to build broader freight network visibility for its shipper customers.
19 Mar 2020
A trio of prominent logistics technology CEOs told shippers that navigating the coronavirus crisis comes down to decentralizing inventory and avoiding investment in fixed assets.
18 Mar 2020
Forwarders facing the task of continuing operations while under work-from-home mandates are getting a boost from software providers offering free versions of their products to help companies cope with the new distributed environment.
17 Mar 2020
The logistics software provider Freightos is the latest to react to an uncertain freight market by cutting staff, a move the company attributes to the effect the coronavirus disease is having on supply chains and the financial ecosystem.
16 Mar 2020
Denver-based freight broker Archerhub is taking a driver profitability approach to building a successful technology-based business in a market flush with new digital entrants.
13 Mar 2020
Technological prowess is now an expectation for global third party logistics providers. Allport Cargo Services’ approach is not to build its own proprietary systems, but to act as a superuser of Infor Nexus’ shipping software.
06 Mar 2020
The global nature of the coronavirus outbreak is throwing containerized goods supply and demand out of whack, but a way through the fog for all parties could be to lean more heavily on predictive analytics software.
05 Mar 2020
Dynamic ocean freight pricing — often conflated with instant quoting — can create some unintended consequences that rebound on the intermediaries upon which shippers rely.
03 Mar 2020
New offerings released this week by Evergreen and Kontainers underscore the recent shift in how cargo transport is sold online and what’s available to book.
02 Mar 2020
Logistics system integration provider Chain.io will help shippers and forwarders connect to carrier track-and-trace data via a standard established by the container line-led Digital Container Shipping Association (DCSA) in January.
27 Feb 2020
The addition of the new members in the Global Shipping Business Network will stoke competition in the race to develop platforms that link carriers, shippers, ports, terminals, customs authorities, and banks.
Freightos rolls out FedEx customs brokerage add-on
27 Feb 2020
The freight rate marketplace provider Freightos will include an option for shippers to add FedEx customs brokerage services on-demand as part of a broader deal between the two companies that also includes FedEx’s use of Freightos’ air cargo pricing and booking tools.
21 Feb 2020
A sizable investment in a yard automation startup this week is a signal that shippers and logistics providers need to prioritize efficiencies in their warehousing and distribution facilities to cope with the speed of supply chains.
20 Feb 2020
Lufthansa Cargo will offer instant air freight quotes via an application programming interface with digital forwarder Fleet, a company in which the German airline invested in 2018.