Technology

Technology

The waves of disruption that have been lapping at the shore of industries such as retail and taxis are finally beginning to hit shipping, with a slew of start ups entering the transportation sector in recent years. Venture capital firms have been eager to back such companies, and are increasingly funding the most promising technology. Meanwhile, established players in shipping such as Maersk Line and Kuhne + Nagel are funding and developing their own technologies to ensure that they are not overwhelmed by the waters rising around them.

News & Analysis

14 Jul 2020
Microsoft continues to build on its position as a provider of web services to the logistics industry via an expanded relationship with C.H. Robinson, North America’s largest freight broker.
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.
10 Mar 2020
The forward truckload freight contract platform has raised $20 million in capital to fuel growing demand to connect shippers and carriers with a binding agreement that lets them focus on more variable supply and demand issues.
10 Mar 2020
The nine container lines that form the Digital Container Shipping Association have released guidelines intended to give all carriers a "common language" and "tasked-based approach" to meeting an IMO resolution around vessel cybersecurity preparedness.
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.
 XPO’s Jacobs: Technology to transform shipping sooner than you think
05 Mar 2020
“Artificial intelligence is the biggest, biggest catalyst of change that I see in the world, and in our industry,” said Brad Jacobs, the chairman and CEO of XPO Logistics.
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
Initiatives aimed at turning container ports from conduits of physical freight activity into hubs for the digital information surrounding those cargo movements are underway in virtually every major global gateway.
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.
26 Feb 2020
A Southern California drayage software maker has raised more than $10 million to fund development of its marketplace for drivers and shippers, a sign the pace of investment in this once-overlooked freight segment won’t soon slow.
25 Feb 2020
Transportation management software provider 3Gtms’ acquisition of parcel shipping software maker Pacejet represents further evidence that the management of parcel and small shipments is becoming a core need for shippers.
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.
Transfix looks to the future with guaranteed rate product
18 Feb 2020
The truckload freight marketplace Transfix is allowing shippers to guarantee forward spot rates up to a year out based on an machine learning model it has been using internally for more than a year.
14 Feb 2020
US shippers are demanding more precise delivery times for their goods, as retail charges for late deliveries and better awareness of truck driver hours of service raise the stakes in visibility.
NYSHEX moves into long-term contract space
12 Feb 2020
The New York Shipping Exchange has begun allowing shippers and freight buyers to migrate their long-term contracts with container lines onto the NYSHEX platform, essentially allowing contracts negotiated outside the exchange to be fully and mutually enforceable as if they were transacted within the exchange.
11 Feb 2020
A survey of delivery drivers projects that missed deliveries and time wasted due to outdated and incorrect maps and navigation aids results in $2.5 billion in added costs.
04 Feb 2020
More than a year and a half after establishing a 40-foot container rate index on 12 global trades, the Baltic Exchange has started offering its daily Freightos Baltic Index as a benchmark for freight buyers.
04 Feb 2020
Automating certain components of their transportation procurement and management processes can yield more accuracy in handling freight bills, according to Chris Stauber, chief product officer of transportation management software (TMS) provider Haven.
03 Feb 2020
Traditionally, shippers have been responsible for receiving freight bills and ensuring those bills are accurate, but some are flipping that script through “self-invoicing.”
31 Jan 2020
A pilot program about to begin in the Port of New York and New Jersey would make the data from the port’s container information portal easier to use and help truckers and shippers more effectively manage their cargo.
30 Jan 2020
Shippers, as much as carriers, are driving toward electronic or digital bills of lading, as the need for speed and more responsive, detailed customer service increases.
30 Jan 2020
Port of Tanjung Pelepas (PTP) in southern Malaysia has begun using Portchain’s software to automate and optimize berth planning operations.
29 Jan 2020
The forwarding software providers say they’re integrating SimpliShip’s freight rate management product with Qwyk’s vessel schedule, visibility, and booking tools to create an “out of the box” TMS.
29 Jan 2020
JDA caters to some of the world’s largest importers and exporters, but the challenge it faces, like many incumbent software providers, is staying ahead the innovation curve and making sure the market recognizes that innovation.
NYSHEX volume tripled, membership doubled in 2019
29 Jan 2020
New York Shipping Exchange (NYSHEX) said 96.4 percent of contracts last year were fulfilled, meaning that carriers accepted the cargo for the sailing it was booked for and cargo owners and non-vessel operating common carriers delivered the containers they contracted.