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

02 Dec 2022
The unprecedented infusion of cash into supply chain technology development over the past two years was akin to putting the sector on a diet of steroids, writes JOC analyst Lars Jensen.
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 lack of information on import and export flows through ports isn't as big a constraint as untimely and inconsistent data, high-profile cargo owners told the Federal Maritime Commission this 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.
20 Jan 2022
Forwarder shifl has joined a growing list of providers aiming to arm cargo owners with a means to simplify and digitize payments to vendors, a topic of increasing importance as shippers wrestle with cargo holds and penalties.
18 Jan 2022
Singapore-based drayage technology provider Haulio has landed an investment that it plans to use to grow its footprint in Southeast Asia.
18 Jan 2022
FourKites’ acquisition of European trucking and rail data provider NIC-place enhances its ability to get granular data on shipments in an increasingly competitive landscape for visibility.
13 Jan 2022
Transporeon is adding a transportation management software provider focused on automation and a tool for carriers to optimize truckload capacity, the latest acquisitions in a run that started in fall 2020.
11 Jan 2022
Customer growth, geographic expansion, and supply chain disruptions in 2021 helped multi-modal visibility provider project44 secure $420 million in new investment, its third multi-million-dollar funding round in 13 months.
04 Jan 2022
Blume Global’s acquisition of a sourcing collaboration platform gives it more upstream visibility into manufacturing activity after a year in which component shortages hampered international supply chains.
03 Jan 2022
Logistics providers are largely embracing a buy-and-build approach to serve their shipper and carrier ecosystems, realizing that internal development resources aren’t usually enough to cater for all their software needs.
29 Dec 2021
Shippers and forwarders under pressure to pay freight surcharges have an option to apply for credit through a new offering by payment vendor PayCargo’s working capital solutions group.
28 Dec 2021
Despite the urgency around decarbonizing one of the world’s most polluting industries, the IMO continues to struggle to achieve consensus on the way forward among its 175 member states.
28 Dec 2021
TradeLens has continued progress in building its network in Asia by securing Pakistan Customs and its single window initiative as a new member, bookending its existing investment in India.
27 Dec 2021
Demand for less-than-container load (LCL) services has driven a customs technology company catering to small US shippers to launch a service from two Chinese ports to New York-New Jersey.
27 Dec 2021
Pandemic-born disruption will continue forcing logistics practitioners to rework supply chains in 2022 to deal with ongoing congestion and equipment shortages.
23 Dec 2021
A sea change in ocean freight rate volatility has precipitated new efforts to drive usage of derivatives, with index providers suggesting there is previously unseen appetite from shippers and forwarders for hedging tools.
22 Dec 2021
The Port of Long Beach’s foray into providing cargo data for shippers has to be viewed within a confusing landscape of data providers, including the neighboring Port of Los Angeles.
21 Dec 2021
Futures contracts based on container rates across several major trade lanes will start trading at the end of February on one of the world’s largest financial exchanges.
16 Dec 2021
Convoy’s recent foray into developing technology for use by other brokers hints at a future where freight procurement is centered around platforms where companies complement and compete with one another.
Dray Alliance is one of a number of technology providers aiming to arm harbor truckers in Southern California with tools to access loads, find terminal appointments, and manage their businesses. Photo credit: Shutterstock.com.
14 Dec 2021
Investors continue to pour money into technology addressing long-neglected import drayage at US ports, with Dray Alliance nabbing a $40 million funding round Tuesday.
13 Dec 2021
KlearNow has landed a funding round to build its model of automating customs entries and trade compliance filings, a digital alternative to traditional customs brokerage options.
13 Dec 2021
Venture capital firms have boosted the coffers of two startups aiming to empower the domestic and cross-border trucking industry in Mexico as investment into logistics technology providers continues.
10 Dec 2021
An electronic connection between CargoWise and Singapore Airlines is another sign that digital management of bookings and shipment modifications is gaining momentum in the air cargo market.
09 Dec 2021
Transporeon has acquired ocean visibility provider Logit One, another bit of consolidation in a cargo visibility market that has already seen project44 and FourKites collectively roll up three competitors.
03 Dec 2021
Technology systems used to identify first available empty return appointments at Los Angeles and Long Beach container terminals may be a key in unlocking congestion in the key import gateway.
02 Dec 2021
Low-code digital platform Voyager Portal is focused on reducing complexity and cost in non-containerized global shipping operations.
30 Nov 2021
CloudTrucks, which provides independent drivers with software to manage their businesses, has landed a massive funding round from prominent venture capital investors.
23 Nov 2021
Redwood Logistics’ focus on system integration has extended to partnerships with international and domestic freight management systems providers E2open and Freightos.
22 Nov 2021
Searoutes, a startup focusing on calculation of freight transportation carbon emissions, has raised $2.7 million through venture capital and an environmental grant from the European Union in recent months.
18 Nov 2021
Turvo has embedded ocean data from visibility provider OpenTrack to help shippers track container movements in a market where predictive insight into ocean is much in demand.
15 Nov 2021
The US Federal Maritime Commission is looking at how all the segments of the container supply chain trade off data in a bid to get greater efficiency.
12 Nov 2021
Southeastern Freight Lines is working with Relay Payments to automate accessorial payment processes such as “lumper fees” as LTL firms look to digitize more aspects of their business.