Logistics Technology News

Online marketplace Freightos has extended its service offering to the United Kingdom after launching in the United States in 2016, targeting Britain's huge trade volume.

The digital transformation of Singapore and Rotterdam will play a crucial role in their competitiveness and both ports have launched new technology initiatives.

Two freight forwarding industry surveys show that forwarders predict a strong east-west peak season and believe digitalization is inevitable.

The Russian Railways’ subsidiary earned 172.8 million euros ($192.7 million).

The last mile on the route to e-commerce fulfillment is getting crowded.

The “Smart My Road” service makes it easier to ship raw materials from China to Myanmar for processing, Hitachi said.

The debate shows the growing maturity of the industry’s embrace of a slew of startups using digital and other technology.

Allcargo said despite stagnant demand, its core “multimodal transport operations” arm increased volumes.

Gateway Distriparks Ltd. has the largest CFS in the port complex.

Damco is using river transport to move freight to and from the port of Chittagong.

The pilot project includes some of the biggest stakeholders at the largest US port.

Revenue and profit both sank at Japan’s Sumitomo Warehouse Co.

Weakness in global commodity markets continue to weigh on Toll Logistics.

Flexe's virtual next-day delivery network helps the "Airbnb of warehousing" deliver e-commerce fulfillment for shippers.

A favorable exchange rate for US importers is driving more cross-border business between Mexico and the United States.

German mail and logistics giant reports strongest opening three months in its history.

Damco slid back into the red in the first quarter, positng a net operating loss of $8 million.

Japan’s biggest international freight forwarder posted a record fiscal year net profit despite a slight revenue decline largely blamed on the higher value of the yen.

APM Terminals, the Maersk Group’s port arm, has completed the sale of Pentalver.

An online platform is aiming to make the spot freight booking process easier and cheaper.

The Tokyo-based company said that its revenue totaled 665.4 billion yen.

CEVA Logistics earnings slipped and revenue edged slightly higher in the first quarter.

Ocean container volume increased 7 percent year-over-year in the first quarter.

The Danish trucker and freight forwarder’s earnings before interest and tax soared to 875 million krone ($128.2 million).

The Japanese international freight forwarder had predicted a group net profit.

Carriers control the physical transport of containers, so any supply chain solution needs to have their support.

It will be the company’s first net loss since its privatization in October 2007.

“As expected, margins remains under pressure.”

Japan’s logistics companies are increasingly turning to India as the Chinese economy is losing steam and the Japanese economy expands only moderately.

Haven once touted its online-market as a groundbreaking rival to freight forwarders.

Kuehne+Nagel’s ocean and air traffic surged in the first quarter.

ClearMetal believes AI and machine learning integrated into its software can retool the industry by offering more accurate container passage predictions.

Kuehne + Nagel signs agreement with Alibaba to send goods by sea, rail, and truck.

The Tokyo-based company has lost 8.9 percent of its value.

Although more than 90 percent of Samsung SDS’s logistics business originates with Samsung Electronics, Samsung SDS also handles the logistics for approximately 400 other beneficial cargo owners.

Most supply chain managers and executives believe that a digital supply chain will be the “predominant model” in the next five years, and many expect predictive analytics will be a source of disruption and heightened competition.

The Twill online portal, billed as a “virtual freight forwarder,” will go online Monday, but will only be available to UK shippers and then only those importing cargo from China.

CEVA Logistics and Anji, China’s largest automotive logistics provider, have agreed to renew and expand their joint venture partnership.

Investor interest in digitalizing the logistics process continues to grow.

Most of the latest investment will be spent broadening the current focus on trans-Pacific routes to include other parts of the world.