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

It is no secret that the supply c

News & Analysis

20 Apr 2022
Procurement automation is already changing the nature of how shippers buy capacity from carriers and intermediaries, an evolution that will accelerate in the years ahead as humans adapt to the technology.
20 Apr 2022
New research from Freightos finds ocean carriers improved their electronic tools over the past three years and want to move rate and booking activity through their own online channels.
11 Apr 2022
Shipment tracking device maker Tive has landed a $54 million cash infusion to build its global footprint and target more categories of shippers with location and condition monitoring solutions.
07 Apr 2022
Forwarding software provider Magaya is wading into the less-than-truckload technology market with an automated pricing tool meant to help its customers quote faster to shippers.
05 Apr 2022
ONE is using Google Cloud to further its ability to automate back office and customer-facing solutions, a sign that the cloud infrastructure giant sees container shipping as a key vertical to target.
04 Apr 2022
Freight marketplace Emerge has designs on reshaping the truckload procurement space in North America, with an ambitious target of $20 billion in freight spend through its platform this year.
31 Mar 2022
Shippers are bidding for freight more frequently due to supply volatility, driving growth in European procurement startup Shipsta that has led to a new funding round from investors.
30 Mar 2022
project44 is aiming to provide non-traditional customers, like small shippers, consultants, and financial institutions with a high-level port congestion dashboard.
24 Mar 2022
BlueX Trade is providing an extended credit product to small shippers and forwarders to help them manage working capital in the wake of historic ocean freight and ancillary fee costs.
22 Mar 2022
Exporters struggle to get access to trade finance tools due to technology and regulatory limitations, a gap that startup provider Fishtail is aiming to fill with a new $4.5 million venture investment.
21 Mar 2022
Aircon, a technology provider aiming to bring a software-based co-loader approach to the air freight industry, has been backed by early-stage investors to drive planned aggregation of air cargo.
16 Mar 2022
German startup Flowfox is working with Kuehne + Nagel to pilot its platform that automates import clearance and container re-use at European ports with an eye toward global expansion of the solution.
15 Mar 2022
Payment technology options continue to grow for freight intermediaries, with Los Angeles-based Freightpay the latest to get funding to build its early-stage payment platform.
14 Mar 2022
Prompt, which works with many of the top 25 global forwarders to automate integrations and data entry, is breaking out of its stealth nature of operating with an expansion of systems into which it connects.
10 Mar 2022
Insurance technology provider Loadsure plans to use an $11 million funding round to expand in the US freight market and serve forwarders managing international shipments.
08 Mar 2022
Drayage provider NEXT Trucking is piloting a peel pile program in Southern California that links vessel stowage at origin with quick unloading of containers at warehouse destinations to narrow total transit times for shipments.
08 Mar 2022
A digitally oriented forwarder tied to the Bolloré Group has opened a North America office to tap into burgeoning US demand as the race to attract online-oriented shippers gathers steam.
07 Mar 2022
Digital forwarder Forto has smashed through the $2 billion valuation barrier with a new round of funding that it will use to grow its presence in Europe and Asia.
03 Mar 2022
E2open has made its fifth acquisition since 2018 with the addition of parcel fulfillment provider Logistyx as it seeks to ride e-commerce and small shipment growth for its customers.
22 Feb 2022
As it prepares to go public, Transfix is looking to derive more revenue from non-transactional shipper services, including its drop trailer program, and to draw smaller shippers to its platform.
22 Feb 2022
A mystery shopper survey by forwarding technology provider RPA Labs found that the vast majority of forwarders can’t automate quotes for a new ocean customer.
17 Feb 2022
FourKites has partnered with e-commerce technology specialist Narvar to link predictive freight visibility with post-purchase solutions for retailers and brands aspiring to fulfill orders online.
11 Feb 2022
Descartes is adding to its in-house roster of trade compliance tools with the $40 million purchase of online customs broker software provider NetCHB.
10 Feb 2022
Paris-based visibility provider Shippeo is eyeing North America as it seeks to expand the competitive landscape of the fierce global predictive cargo visibility market.
09 Feb 2022
Freight brokerage technology vendor Parade has landed a venture capital round to build out its tools to help truckload intermediaries automate the sourcing and management of capacity.
09 Feb 2022
Leaf Logistics has turned growth of its forward truckload contract and procurement optimization products into a new funding round that it will use to double its headcount and expand its product suite.
08 Feb 2022
Traxens has received a cash infusion from its existing investors, a shot in the arm that enabled the Marseilles-based container tracking provider to acquire French competitor NEXT4.
07 Feb 2022
High profile forwarder Flexport has landed more than $900 million in new venture capital to fuel its growth, an amount sure to fuel debate about whether it is fundamentally reshaping the nature of global logistics.
03 Feb 2022
Logistics technology provider BlueX Trade, known for building online quoting tools for liner carriers, has waded into the realm of electronic payments with a new platform designed to ease the reconciliation of freight bills.
01 Feb 2022
Loadsmart is the latest digital intermediary to use SoftBank venture funding to surpass the $1 billion valuation barrier after announcing a $200 million round Tuesday.
26 Jan 2022
A need for mid-market forwarders to compete with digital upstarts and well-capitalized incumbents has fueled a new round of investment into Logixboard’s customer interface-focused model.
25 Jan 2022
San Francisco-based Passport said it will use $39 million in new funding to expand its outbound parcel platform for US e-commerce sellers looking to manage logistics and trade compliance on international orders.
24 Jan 2022
BasicBlock has turned traction from small truckload carriers for its factoring and payment solutions into a large round of debt and equity funding to broaden the scope of its financial services.
21 Jan 2022
Container line members of the Digital Container Shipping Association (DCSA) are not adopting the very standards they have set out to develop, speakers said during a JOC webcast last week.
20 Jan 2022
A $7.5 million funding round into Australia-based forwarder Explorate continues to demonstrate venture capital’s regional backing of the digital forwarder model.