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

04 Jun 2020
Werner is the latest broker to use software from Trucker Tools to tap into the app provider’s reach into the North American small carrier and independent driver population.
Rotterdam port.
03 Oct 2018
Rising transportation costs, the driver shortage, and accompanying rail and barge congestion have created challenging times for Europe’s shippers, to say the least. And then there’s the Brexit summit in two weeks.
Transportation California 110 and 105 interchange.
02 Oct 2018
One month after the global transportation management system provider MercuryGate sold to Summit Partners, a private equity group, the smaller Cloud Logistics was snapped up by E2open, a supply chain software provider best known for its planning, demand forecasting, and supplier management functions.
port of Singapore.
01 Oct 2018
Global port-moves-per-hour, the top-line measure of port call productivity, decreased 4 percent, effectively meaning ships spent an extra 70,000 hours in port in the first half of 2018 compared with the first half of 2017, according to an analysis of JOC Port Productivity data.
Trucks travel on a US highway.
01 Oct 2018
The quickened pace of investment in the freight tech space amounts to growing expectations from venture capital investors that one or more of these companies will be able to truly transform a fragmented and often inefficient market.
LTL freight.
26 Sep 2018
Digitizing the bedrock shipping document would help less-than-truckload carriers cut costs and optimize freight flows while returning some of those gains to shippers.
Port of Oakland.
25 Sep 2018
“Integrators are moving up the chain — they used to focus on last mile, but more and more are focusing on long-haul legs. Customers [such as Amazon and Alibaba] are becoming competitors,” Ulrik Sanders, senior partner and managing director of Boston Consulting Group, told attendees at JOC’s Container Trade Europe conference in Hamburg last week.
UPS electric trucks.
24 Sep 2018
Despite the growth of the electric truck market and related battery tech advances, diesel technology will hardly disappear any time soon, an IHS Markit study forecasts.
Port of Oakland.
24 Sep 2018
It is one of the ironies of container shipping. While the container may be one of the world’s greatest universal standards, creating untold benefits to trade and prosperity, the process of standardization around the movement of the container remains woefully incomplete.
A truck travels on a highway in California, United States.
20 Sep 2018
In a US truck sector characterized by scarcity, tech visibility works both ways, and truck companies are using technology to track delays and driver detention at shipper facilities. That’s all the more reason for customers to become a “shipper of choice.”
An Amazon center.
20 Sep 2018
The pace of technological change is set to increase exponentially. “This is the slowest rate of change you’ll experience the rest of your life,” Peter Sheahan, CEO of the Karrikins Group, said. 
Port of Los Angeles stacked containers.
18 Sep 2018
Marine terminals, rail ramps, and distribution facilities provide ideal opportunities for the use of autonomous vehicles.
San Francisco.
18 Sep 2018
Tech startup Flexport’s rockstar status in the international logistics sector means it's under the microscope concerning volume, whether it can produce a profitable business model or achieve a profitable exit for its investors, and what it actually does that represents a fundamental break in the forwarding industry.
A warehouse in the United States.
17 Sep 2018
“We sit in between the producers and our customers,” said Dirk Martin, senior director of transportation planning at Univar, a global distributor of industrial and specialty chemicals. “Downtime for [a customer’s] processing facility is hundreds of thousands of dollars, if not millions per hour. That’s our motivation for visibility: customer service.”
Logistics providers.
17 Sep 2018
A new breed of commercial solutions, mostly developed by startups, aiming to reshape price discovery and ease of quoting, has engendered new possibilities when it comes to freight derivatives.
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.