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

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.”
A truck travels in the United States.
14 Sep 2018
The smaller brokerage focusing on shipper supply chain management is GlobalTranz’s first major deal since it was sold to a new private-equity owner in June.
Port of Oakland.
14 Sep 2018
The move by TraPac provides additional evidence regarding the North American port trend to extend terminal gate hours to accommodate rising volume.
A warehouse in the United States.
13 Sep 2018
Overall, recent research by Drewry Supply Chain Advisors found that the liner shipping industry is exposed to $34.4 billion in invoice and payment processing inefficiencies, based on 1.26 billion invoices issued in 2017.
Port of Manzanillo, Mexico.
10 Sep 2018
Just call it “two functions for the price of one tech,” as Mexico’s trade stakeholders implement technology.
Trucks travel on a US highway.
06 Sep 2018
The provider, Lanehub, this week said it was extending its lane matching, collaborative procurement platform to capture empty backhauls on dedicated and private fleets based on demand from its customers.
Two container ships at sea.
06 Sep 2018
Its status may change in the future, but at least for now, instant pricing is a bit of a two-edged sword for ocean carriers.
Maersk Line.
06 Sep 2018
Electronic seals are considered tamper proof and, as such, the new process enhances supply chain security. In addition, as the process eliminates the need for physical, on-site inspection by customs officials, it can reduce shipper logistics costs.
The Port of Oakland.
04 Sep 2018
If ocean carriers are to succeed in migrating shippers to an online quoting environment in this increasingly crowded environment, they will have to prioritize investment in such tools. But, more than that, they’ll have to move away from a trait that has defined container shipping for decades, if not generations.
Containers stacked at a port.
30 Aug 2018
Mahindra bought a stake in Transtech Logistics, a domestic Bangalore-based tech-driven platform, also known as ShipX.
A container ship in San Francisco Bay.
29 Aug 2018
The critical questions for early-stage software providers targeting the beneficial cargo owner community are these: what is the best path to reach shippers in a financing environment flush with cash? And can a startup get traction among customers quickly enough to drive revenue, or does it need outside investment to help it develop scale?
Blockchain primed to reduce shippers’ paper costs
23 Aug 2018
CargoX said the cost to produce and transfer a bill of lading using its Smart B/L was 85 percent less expensive than traditional means. But is a public blockchain such as CargoX’s suitable for the shipping industry?
Uber Freight.
21 Aug 2018
Uber Freight’s app has become a market participant at a time when US truck capacity is very tight and shippers are looking for ways to counter (or at least blunt) the remarkable amount of negotiating power transport companies have.
Jawaharlal Nehru Port Trust.
21 Aug 2018
The latest tech upgrade at Jawaharlal Nehru Port Trust represents more good news for truck drivers.
Maersk Eureka.
20 Aug 2018
Both freight intermediaries and ocean carriers are under pressure to avoid sitting on obsolete rate data, pressure that’s been placed on them by the rise of transparent freight pricing models.
Penske Truck Leasing.
17 Aug 2018
The discussion of electric vehicles, like electricity, is everywhere. But without standardized charging stations and network, e-truck functions will be limited, and that’s why Penske this week joined a worldwide industry alliance focused on developing a universal charging standard for commercial vehicles.
Rotterdam port.
17 Aug 2018
The Hamburg Vessel Coordination Center, which coordinates vessel traffic visiting terminals at the port of Hamburg, is launching collaborative projects to help determine if it is meaningful to continue bilateral information exchanges or to replace it with a central data hub to support improved terminal asset utilization and liner route and network planning.
Port of Los Angeles.
16 Aug 2018
The concept of a single electronic platform for port users is gaining momentum with truckers, beneficial cargo owners (BCOs), and other port users, with GE Transportation’s Port Optimizer at the Port of Los Angeles and the Port of Long Beach achieving breakthroughs as a pacesetter.
Port of New York and New Jersey.
14 Aug 2018
The six-year deal contains good news for shippers concerning labor peace and the non-interruption of cargo. However, the deal is a setback for tech-driven and automation-driven efficiency improvements.
A container ship at sea.
13 Aug 2018
A LinkedIn discussion served as a microcosm for how shippers and the broader logistics industry are wrestling with a few key questions regarding blockchain. Are blockchain’s proponents inordinately and/or prematurely boosting the new technology — including its appropriateness and efficiency-enhancing capabilities?
Maersk IBM blockchain project TradeLens.
09 Aug 2018
Maersk and IBM have fleshed out their designs for an industrywide blockchain solution – an open-source platform called TradeLens. There are a host of other blockchain initiatives in development, but as one stakeholder noted, they joined the Maresk-IBM venture based on Maersk’s history of innovation and IBM’s technological prowess, which gives the platform a “high probability of success.”
Uber Freight.
07 Aug 2018
That upgrade for Uber Freight could lead to expanded, pro-active opportunities for shippers.
A freight train in Mexico.
06 Aug 2018
Like other emerging markets, it is a “bad news, good news,” circumstance for Mexico. The bad: surface transportation and logistics operations are straining to meet shipper demands. The good: Mexico appears to have arrived on the global trade stage, with all key metrics advancing.
A truck at the Port of Los Angeles.
06 Aug 2018
The E*Dray platform will enhance the ability of beneficial cargo owners and their truckers to aggregate containers into peel-off piles at the ports — and with the new system the potential is there for a substantial reduction in truck turn times.
Port of Halifax.
03 Aug 2018
The port of Halifax has three objectives in mind with its tech upgrades, and if the port is successful shippers and other trade stakeholders will benefit from all three.
Visakhapatam Port, India.
03 Aug 2018
A crop of logistics startups has been gradually aiming to change India’s paper-based ocean freight processes, building several different technology models to tap into demand for better access to rates and visibility of shipments.
A truck travels on a US highway.
01 Aug 2018
Uber’s decision to scrap its autonomous trucking plans does not mean there will not be “driverless” trucks someday, but it does dispel a notion that had caught fancy, in some circles.
APM Terminals Pipavav.
01 Aug 2018
APM Terminals is in the midst of a whirlwind trade outreach program, with the goal of attracting more customers to its recent ease-of-doing-business measures.
UPS electric Class 6 delivery trucks.
31 Jul 2018
The largest global transport operator is amping up its efforts to develop electric trucks as fuel costs and emissions rules spur demand.
Crypto currency and fiat currency.
30 Jul 2018
The decision may have positive implications for other public blockchain solutions reliant on a token to underpin transactions.
28 Jul 2018
One thing is certain regarding blockchain technology circa mid-2018: it has the potential to transform and dramatically improve logistics efficiency. But that potential will remain only that — potential — until many paramount issues are resolved to universal satisfaction.
APL ship at the Port of Oakland.
26 Jul 2018
APL’s blockchain aims to include a range of container shipping processes, with an example of the platform’s utility being the elimination of the redundancy, needless rekeying, and back-and-forth of one essential task.
A Cosco container ship.
25 Jul 2018
As Cosco continues to guide its customers through email transmissions for the booking of cargo, there was good news on Wednesday.
Logistics providers - global reach.
25 Jul 2018
Log-Net’s $14.4 million jury verdict provides hope to small logistics providers seeking to defend their proprietary value added, but the case also serves as a note of caution for smaller, growing tech companies.
A Cosco ship.
24 Jul 2018
Since Cosco’s overseas operations have not been affected, communication with US offices is able to take place, although at a slower pace, a key Cosco official said Tuesday.
Hyundai Merchant Marine.
24 Jul 2018
The exchange is about encouraging carriers and shippers to move past a system driven by uncertainty: beneficial cargo owners face no penalty for booking a certain volume of cargo on a ship, and then failing to send it; and carriers face few consequences for leaving containers on the dock.