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

28 Oct 2020
A network of major banks in Singapore has signed an agreement with CargoX, which provides electronic bills of lading to the shipping industry, to underpin the network’s trade finance capability.
27 Oct 2020
A new self-service automated freight invoice auditing software provider launched Tuesday, helmed by Matt Tillman, an entrepreneur who most recently founded the transportation management system provider Haven.
27 Oct 2020
Port software provider Portchain has grown the number of terminals using its berth optimization solution to two transshipment hubs in Europe as terminals seek to better align equipment, capacity, and human resources to vessel calls.
22 Oct 2020
Freight brokerage software provider Parade has set up direct integration with two companies that focus on digitally enabling small carriers, which gives brokers using Parade access to that capacity.
22 Oct 2020
TradeLens will use the integration specialist Youredi to offer data providers and consumers on its platform the option to connect their systems to the container visibility and documentation product co-developed by Maersk and IBM.
21 Oct 2020
Margin transparency is taking root among early stage freight brokers, with cross-border 3PL Forager saying Wednesday it will provide clear pricing and service fees on any quote provided on its platform.
20 Oct 2020
System integration provider Youredi is trying to attract logistics and maritime companies to help it build a new template-based integration platform for data and partner connectivity.
20 Oct 2020
A new set of data definitions for terminals and container lines to coordinate port calls was released Tuesday by the Digital Container Shipping Association, the non-profit group’s latest attempt to drive standardization in the maritime industry.
19 Oct 2020
Shippers contend with a lack of transparency when it comes to container lines communicating changes for the earliest return date for their boxes, creating operational headaches for cargo owners already affected by tariffs and COVID-19, new research has found.
19 Oct 2020
An ability to handle out-of-gauge cargo and a unique inventory management system distinguish supply chain logistics platform e2log from the competition.
16 Oct 2020
As shippers and forwarders scramble for effective ways to consume visibility data, software providers are finding new angles to sell their products in a competitive market.
15 Oct 2020
Container allocation capability among cargo owners is improving, but digital procurement is still not all that common, logistics technology veteran Martin Hubert told JOC Uncharted this week.
15 Oct 2020
TradeLens said Thursday that Maersk’s liner competitors MSC and CMA CGM are both “fully integrated” into the platform, which could make it more appealing for cargo owners and 3PLs to use the blockchain-based solution.
14 Oct 2020
Austin-based software provider E2open, which caters to large global shippers and their logistics providers, is set to be pulled into a special purpose acquisition company, a new financial vehicle to expedite the process of taking companies public.
13 Oct 2020
An analysis of shipper transaction data shows a marked slowing of spot market rate hikes in September after a turbulent summer, perhaps pumping the brakes on the rise of contract rates
13 Oct 2020
Volatility in the air freight market is translating into lower quote acceptance levels and growth in the spread between average quotes offered and those chosen by shippers, the spot procurement marketplace Cargobase said.
09 Oct 2020
Technology providers in the logistics industry are gearing their solutions around shippers’ need to think of product availability above freight visibility as demand and supply variability swing beyond normal patterns.
09 Oct 2020
Shippers are modifying their approach to truckload contracting, using more short-term “mini-bids” than ever before and turning to technology to improve a process that often breaks down when market prices swing quickly.
09 Oct 2020
The ongoing trend toward online shopping that accelerated due to COVID-19 lockdowns in the second quarter could be a death knell for thousands of retailers unable handle the growing e-commerce volume.
08 Oct 2020
The number of freight marketplaces for international shippers and forwarders continues to expand with Canada-based Shipz now providing a platform for mid-market cargo owners and the forwarders that serve them.
06 Oct 2020
A widely-used drayage management solutions provider has added the truck parking marketplace SecurSpace to help drivers find parking and equipment storage options directly in their transportation management systems.
06 Oct 2020
The freight broker Transfix is providing small carriers with free standalone operational technology to align their capacity availability with needs from the company’s shipper customers.
02 Oct 2020
A private equity group has plunged $500 million into Uber Freight, signaling that longer-term investors believe the business model of digital freight matching will gain traction in the years ahead.
01 Oct 2020
After focusing on understanding the systems of carriers and ensuring that NYSHEX fits into their systems, the focus is shifting toward making its platform more attractive to shippers, specifically retailers.
30 Sep 2020
Forwarding software providers continue to partner in ways that create broader value than single applications are able to, the latest example being Portrix and Freightender connecting rate and tender management solutions.
29 Sep 2020
Forwarders, shippers and software providers connected to CMA CGM’s systems continued on Tuesday to sort through the effects of a malware attack on the Marseille-based container line.
29 Sep 2020
A freight payment vendor catering to international logistics providers has snared $35 million in funding to enable freight bills to be paid online and improve payment accuracy.
25 Sep 2020
Criticism of the truckload broker Convoy for using venture capital to expand its market share reached a fever pitch this week based on a new offering that helps shippers sidestep the annual bid process, a product incumbent brokers claim is not as innovative as Convoy suggests.
22 Sep 2020
A new service from C.H. Robinson could replace the annual truckload bidding process with a more dynamic approach to procuring trucks and increasing savings across networks of freight lanes.
18 Sep 2020
Shippers using third-party vendors to help them manage auditing and paying their freight bills see a sizable advantage in process costs versus those that manage the function in-house, new research has found.
17 Sep 2020
Forwarders can use logistics marketplaces to cater to small shippers that want to be able to secure international freight capacity, a group that is expanding during the COVID-19 pandemic, the head of Freightos’ marketplace told JOC Uncharted this week.
17 Sep 2020
Convoy is providing shippers an avenue to avoid what it considers unnecessary procurement costs associated with negotiating annual truckload bids that aren’t generally honored by either the shipper or carrier.
16 Sep 2020
German digital broker Sennder has scooped up Uber Freight’s European operations for an undisclosed amount, consolidating its position in a market defined by small carriers with employee drivers, not independent owner-operators.
14 Sep 2020
Visibility software provider FourKites has unveiled a product designed to help shippers better track arrival times and delays associated with individual purchase orders rather than entire shipments.
14 Sep 2020
A technology-focused forwarder in New York is using bots from automation startup RPA Labs to automate document management and response workflow for its customers, a signal that robotic process automation is making progress in logistics.
09 Sep 2020
Two Australia-based software providers, Mizzen and Maxamation, have developed a product that will enable container lines to strategize around profitability of dynamically quoted ocean spot pricing.