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

19 Oct 2021
A funding round into Paris-based Wakeo is further evidence that investors believe the market for multimodal visibility isn’t slowing down, and that there is room for multiple players.
04 Mar 2021
The race for multimodal visibility is heating up as project44, fresh off a $100 million funding round, acquires container visibility specialist Ocean Insights for an undisclosed amount.
01 Mar 2021
Descartes has acquired foreign trade zone software specialist QuestaWeb as the global trade management solutions market continues to consolidate.
26 Feb 2021
One TPM21 panel speaker said it is rare that he comes across companies with good data quality even though he considers that a basic necessity, particularly when it comes to negotiating with carriers
26 Feb 2021
Online ocean freight quotes became a lifeline for forwarders during COVID-19, yet also highlighted risks of uncertain capacity and volatile rates
24 Feb 2021
The case for container lines to invest in sensor hardware to provide visibility to shippers has been made easier by a profitable 2020 and a greater need to track scarce container assets.
24 Feb 2021
Truckload carrier Werner Enterprises is expanding its Edge technology platform to brokerage partners and shippers, tightening its focus on landside logistics after offloading its ocean and air forwarding unit.
23 Feb 2021
ReverseLogix’s cloud-based automation platform can help reduce the cost of merchandise returns by as much as 15 percent, according to founder and CEO Guarav Saran.
22 Feb 2021
A global scarcity of containers could push cargo owners to invest in so-called shipper-owned containers, but the majority of forwarders surveyed by container selling and leasing platform Container xChange weren’t able to supply such a service.
22 Feb 2021
Financial services group ODDO has invested in shipment management software provider BuyCo as part of a broader aim to tether logistics data to new trade finance products intended to provide an alternative to letters of credit.
19 Feb 2021
The head of Maersk’s venture capital arm, and his counterpart on the business side of the container line, are starting a new independent fund to invest in later stage supply chain and logistics startups.
18 Feb 2021
Relay Payments is expanding its "lumper payment" platform, allowing truck carriers and brokers to automate the settlement of cargo unloading fees to receiving facilities.
17 Feb 2021
A trade finance startup this week got $7.8 million venture capital investment to arm exporters and logistics providers in Mexico with access to working capital.
17 Feb 2021
The field to supply the shipping industry with container level visibility is getting more crowded, with Bay Area-based Vizion API getting seed funding to build more complete container status data.
16 Feb 2021
Cross-border carriers lack a load board analogous to the widely-used tools available to drivers on US domestic moves, something the broker and technology provider Forager is attempting to address.
16 Feb 2021
Flexport has developed its own spin on an age-old forwarding solution, the purchase order management system, by focusing on messaging between importers and suppliers.
15 Feb 2021
DSV said it is becoming a sustainability consultant for shippers as it put forth carbon reduction goals last week that govern both emissions it controls and those it doesn’t.
12 Feb 2021
RIM Logistics turned to an early stage forwarding software provider to help it migrate internal data into customer dashboards so it could avoid losing business to forwarders with intuitive user interfaces
12 Feb 2021
Forwarders are viewing traditional backbone operating systems not as a one-stop technology shop, but rather as a vehicle to attach complementary tools that help them serve shipper customers better.
10 Feb 2021
Instant freight quoting is becoming a divided market, with one end focused on large shippers and the other on small and medium-sized businesses, according to Freightos’ annual State of Online Freight Sales survey.
10 Feb 2021
Investment continues to surge into technologies that enable small truckload carriers to improve administrative and operational aspects of their businesses, with SmartHop’s $12 million funding round the latest example.
05 Feb 2021
E2open returned to the public markets Friday after a six-year absence, a move that will allow the supply chain software provider to continue to grow organically and through acquisitions.
05 Feb 2021
Momentum toward digital quoting and booking in ocean shipping is undeniable, but it remains to be seen whether shippers and forwarders will demand — and container lines are actually capable of delivering — truly dynamic pricing.
04 Feb 2021
Container visibility provider ClearMetal said demand for its product aimed at helping shippers improve shipment delivery date accuracy ballooned in 2020 as “customer promise date” becomes a more important logistics metric.
04 Feb 2021
Given the challenges around container tracking data collection and quality, forwarders could one day become the clearinghouse for all the various components of an end-to-end visibility picture, as well as the provider of quality control for that data.
04 Feb 2021
A new funding round for logistics automation software provider Slync.io is meant to enable the company to expand in Europe and Asia as it seeks to solve long-running manual process issues for forwarders and shippers.
02 Feb 2021
A new technology-based parcel company, founded by an ex-Amazon and Walmart executive, emerged from stealth development Tuesday with aims on serving retailers spurned or inadequately served by UPS and FedEx.
01 Feb 2021
Software providers say the proliferation of integrations between transportation management systems and domestic freight brokers in 2020 hints at a future in which a TMS will no longer be merely a static system, but a living platform.
28 Jan 2021
London- and Vilnius, Lithuania-based Cargo Stream is launching a container booking application that looks to address systemic issues around equipment availability and exchange.
27 Jan 2021
Another new entrant in the small carrier TMS space, Dallas-based Axele, portends more market structure and available capacity for shippers to tap into.
26 Jan 2021
A surge in demand for Shipwell’s technology-focused managed transportation approach, with freight under management tripling in 2020, is a sign of shippers’ increased reliance on an outsourced approach to logistics.
21 Jan 2021
Companies such as Werner Enterprises, Schneider National, and U.S. Xpress are taking an active role in the development of autonomous trucks, but not, they say, to replace drivers.
21 Jan 2021
The World Bank and International Association of Ports and Harbors are urging ports and maritime ecosystems to quickly find public and private solutions to digitize operations and build data-sharing initiatives to bolster trade growth.
20 Jan 2021
Shippers facing a challenging ocean freight environment in 2021 are being urged to develop a plan to tackle a particularly thorny operational aspect in the industry: container allocations.
19 Jan 2021
Startup SILQ is aiming to provide apparel retailers with an alternative to buying houses, which act as agents that find suitable suppliers in overseas locations.
14 Jan 2021
European truckload broker sennder has vaulted into the upper reaches of venture capital-based logistics startups with a $160 million funding round and a $1 billion valuation.