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

22 Oct 2021
DP World continues to expand its basket of digital services to complement investments it’s made in physical assets, all designed to funnel volume into its terminal operating network.
21 Oct 2021
Kuehne + Nagel and Blume Global are partnering to provide the forwarder a way to manage existing and potential drayage partners in a more efficient manner as shippers focus on their needs at destination.
20 Oct 2021
FourKites is helping its customers tackle the management of detention and demurrage charges through a dashboard that help them prioritize containers likely to incur free time fees.
20 Oct 2021
Flock Freight is the latest logistics technology company to reach so-called unicorn status after landing a $215 million funding round led by SoftBank to expand its pooled truckload model.
19 Oct 2021
Forwarding software vendor Magaya sees potential in providing forwarders the ability to better manage allocations on behalf of their shipper customers.
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.
15 Oct 2021
A partnership between Transporeon and Roambee to marry telematics data with sensor-visibility data is a sign of the growing need for shippers to manage condition-sensitive shipments amid a congested global environment.
14 Oct 2021
Mediterranean Shipping Co. (MSC) has standardized the code for all the container facilities it uses globally, the first carrier to use a facility code format developed in part by the Digital Container Shipping Association.
14 Oct 2021
project44 is moving beyond freight visibility into booking through a new product that uses carrier location data to identify when truckload capacity is soon to be available for freight brokers to book.
14 Oct 2021
Vendorflow, a new platform to harmonize communications between logistics providers and the carriers they use, has secured funding from a range of venture capital investors with previous logistics expertise.
07 Oct 2021
Norfolk Southern Railway is experimenting with less-than-carload service to take loads traditionally moved on LTL trucks on boxcars attached to intermodal trains, which has received praise from a top federal official.
06 Oct 2021
Zim believes the efficiencies provided by its digital forwarding offering will help North American small and medium-sized businesses better manage shipments in the heavily disrupted trans-Pacific market.
05 Oct 2021
Beacon’s $50 million funding round, backed in part by notable investors like Jeff Bezos and Salesforce founder Marc Benioff, continues venture capital’s fascination with the digital forwarding model.
05 Oct 2021
A Chicago-based trucking platform focused on cross-border freight has launched a contract board for small carriers to find repetitive, complementary loads from large shippers.
30 Sep 2021
Logistics software vendor Cargobase has expanded its reach into the transportation management system market, driven by demand from its spot procurement technology customers.
30 Sep 2021
Digital brokerage Loadsmart and Home Depot are launching an automated, supply-led flatbed booking platform that will help the retailer “share” its dedicated truck capacity with other shippers.
29 Sep 2021
A demurrage dispute between a New York customs broker and Mediterranean Shipping Co. unmasks the degree to which key communication of shipment milestones is overly reliant on email.
28 Sep 2021
Visibility provider FourKites has worked with consumer packaged goods customers to develop a way to connect orders to in-transit freight and yard data to improve supply chain planning.
27 Sep 2021
Consolidation on one end of the forwarding software market is creating openings on the other end, especially for systems that provide lightweight tools for small forwarders.
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.
23 Sep 2021
Portchain has turned traction for its berth planning software into a cash injection intended to fuel its ability to help terminals better utilize resources as they grapple with port congestion.
22 Sep 2021
Transfix’s announcement that it is going public will serve as a comparison against incumbent brokers and a reference point for other digital brokers and technology providers with public aspirations.
21 Sep 2021
As shippers increasingly turn to – or are forced to – the spot market for truck capacity, automation will identify opportunities to lower costs, according to C.H. Robinson Worldwide.
21 Sep 2021
project44 continues its active 2021 with the $255 million acquisition of last-mile visibility platform Convey, the Chicago-based company’s largest purchase to date.
20 Sep 2021
Investors have backed technology provider Altana AI’s vision of building a map of trade network to underpin solutions for shippers, logistics providers, and customs agencies.
16 Sep 2021
A huge funding round for Utah-based digital customs technology provider Zonos shows that online cross-borders sellers new to international trade struggle to accurately calculate the cost of duties.
15 Sep 2021
A consortium of container industry heavyweights has enlisted three banks in Asia to advise it on development of trade finance solutions to tether shipping data to new financing opportunities.
15 Sep 2021
Private equity fund Bridgepoint has funneled capital into supply chain technology provider Blume Global, which has customers in nearly every segment of the global logistics industry.
14 Sep 2021
TrueCommerce’s acquisition of competitor DiCentral gives it a deeper roster of supplier and transportation partner connections for its now 18,000-strong customer base.
14 Sep 2021
Google Cloud is using project44 to boost the visibility prowess of its supply chain solutions, as cloud-hosting giants target the logistics industry.
13 Sep 2021
A new funding round into London-based forwarding automation specialist Vector.ai highlights the need for forwarders to offload administrative tasks to keep up with industry growth and complexity.
13 Sep 2021
Iowa-based CRST is installing a telematics-based fleet management system the truckload carrier claims will benefit both drivers and shippers seeking supply chain intelligence.
13 Sep 2021
Taking aim at a lack of proof-of-delivery certainty in global logistics, Clockwork Logistics Systems has received financial backing from a range of logistics-focused investors.
10 Sep 2021
Container visibility data specialist Vizion’s latest funding round adds more fuel to a market searching for quality, real-time ocean freight milestone information to execution systems.
09 Sep 2021
Magaya’s acquisition of two forwarding technology providers lets customers manage instant quoting and customer service through a unified platform to compete with digital forwarders.
08 Sep 2021
More funding has flowed into container visibility solutions to address a growing need for shippers and their logistics providers to predict where and when disruptions are likely to occur.