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

23 Sep 2021
A rapid evolution in how US shippers contract with truckload carriers is driving growth at Emerge and drawing $130 million in fresh private equity funding to its digital procurement platform.
26 May 2021
Vanguard Logistics has begun providing forwarder customers direct access to rates via Freightos’s WebCargo product, a shift designed to expedite the quoting and booking process.
24 May 2021
Transportation management systems are widely used by shippers, but transportation consultants contend that because software architecture has changed, cargo owners may be better off cobbling together independent tools to meet their needs.
19 May 2021
Convoy is expanding its drop-and-hook program to cover more spot freight, a move that lets shippers negotiate demand variability without sacrificing the efficiency benefits of pre-staged loads.
18 May 2021
Logistics software startup Splyc is using automation to tackle what it sees as a major issue in container logistics technology: the speed with which information is passed from one system to another.
17 May 2021
A new funding round for Zencargo is a further signal that the digital forwarding model has legs in a market where turning to a logistics provider to incorporating data in planning decisions has become the norm.
13 May 2021
Optimal Dynamics, a technology provider that helps truckload fleets optimize the deployment of their assets, has landed a large early-stage funding round led by well-regarded venture firm Bessemer.
12 May 2021
European digital freight broker sennder has continued its acquisition activity by buying a Dutch dedicated fleet broker to add to its growing network.
11 May 2021
An integration with transportation software provider MercuryGate connects Trucker Tools to broker users, but also gives it a more direct link to shippers.
11 May 2021
The list of container lines able to quote rates and accept bookings through their websites has expanded over the past year, with Singapore-based Ocean Network Express now giving shippers and forwarders such tools.
11 May 2021
As truckers and shippers build their own chassis fleets, technology is being introduced to maintain and repair their equipment at the lowest possible costs.
10 May 2021
The importance of integrating rate management capability into a forwarder operating system has driven Descartes to acquire German software maker Portrix, the third such acquisition by a widely used forwarding system in recent years.
07 May 2021
BluJay Solutions’ acquisition of a rail transportation management software provider rounds out its solutions for shippers that struggle with coordinating rail shipments with movements in other surface transportation modes.
06 May 2021
Perishable shippers seeking to wean themselves off a reliance on brokers have a new venture-backed platform that connects them directly with a network of pre-vetted reefer carriers.
06 May 2021
As shippers wrestle with atypical constraints on labor and heightened distribution performance demands, venture capital firms have backed warehouse analytics software vendor CognitOps to help them connect disparate systems.
04 May 2021
A partnership between AscendTMS and uShip to combine instant LTL capacity with truckload capacity is designed to enable shippers that typically struggle to secure space from LTL regional and national carriers.
30 Apr 2021
project44’s expansion into Asia and a new partnership with a risk management platform signify its aims to augment the number of use cases for transportation visibility.
29 Apr 2021
Drewry is partnering with procurement software vendor Freightender to reinvigorate its procurement services product for shippers in an ocean freight market beset by rapidly changing pricing dynamics.
28 Apr 2021
The rise of Amazon, Flexport, and other digitally native logistics providers has forced midmarket and enterprise forwarders to upgrade their visibility, analytics, and user interface tools, a mandate Logixboard has oriented its software around.
28 Apr 2021
Mediterranean Shipping Co. piloted an electronic bill of lading with 100 customers, leading to its rollout of a digital BL product designed to increase accuracy and security of the crucial shipping document.
27 Apr 2021
Seattle-based FlavorCloud is designed to enable small e-commerce brands to more easily and profitably sell goods to international consumers through discounted parcel rates and automated customs applications.
23 Apr 2021
Third-party logistics and software firms such as C.H. Robinson Worldwide and Blume Global are broadening the use of technology to drive emissions out of supply chains, increasingly for smaller customers as well as global corporations.
23 Apr 2021
Panasonic’s acquisition of widely used supply chain solutions provider Blue Yonder will give the software company broader reach into Asia and connected device data.
22 Apr 2021
A lack of teeth in the offline freight contracting process has led to chronic capacity availability problems, but freight marketplaces see a path to use buyer-seller rules to redraw the terms of engagement.
21 Apr 2021
In its drive to be more than a port terminal operator, DP World is spearheading a program that gives traders in “south–south” lanes between emerging markets logistics benefits for routing trade through Dubai’s airport and seaport.
20 Apr 2021
PAXAFE, which focuses on reducing cargo underwriting risk through visibility hardware and software, has nabbed funding to build traction in high-risk freight verticals.
16 Apr 2021
Chain.io, which provides logistics companies and shippers with a cloud-based integration platform to better connect the myriad systems they use, has raised $5 million to broaden its reach.
15 Apr 2021
Gartner’s first dissection of the real-time transportation visibility market found project44 and FourKites out in front of rivals, but said the market remains small relative to broader spend on logistics solutions by shippers.
15 Apr 2021
Torch Logistics will use $3.5 million in seed funding to expand its short-haul truckload brokerage to capitalize on e-commerce demand.
13 Apr 2021
Invoice automation provider OpenEnvoy has translated early traction in the logistics industry into a sizable seed round intended to help it scale quickly.
13 Apr 2021
3PLs are partnering with specialized technology providers to address shippers’ last-mile capacity needs as well as to help lower shippers’ transportation costs.
13 Apr 2021
Factoring solutions provider and lender eCapital saw an uptick in revenue in 2020 and is now merging its acquisitions under a single brand as it sees consolidation taking root in the logistics financial services space.
09 Apr 2021
FreightMango, led in North America by a veteran of Cargomatic, is looking to differentiate itself in a growing field of forwarding services marketplaces by helping shippers vet and select providers.
09 Apr 2021
Maersk is furthering its ambitions to get closer to its shipper customers with a new fourth-party logistics aimed at large cargo owners that struggle to tie together data around demand, inventory, and cargo flow.
07 Apr 2021
Funding for cross-border technology startup Nuvocargo continues a trend of investment into companies targeting the disjointed processes associated with US-Mexico logistics and transportation.
07 Apr 2021
Technology firms driving autonomous trucking forward are seeking the investment and partnerships they need to expand rapidly, anticipating growing demand.