Logistics Technology News

Data from eBLs issued via GSBN’s infrastructure will also be used to electronically release SABIC cargo at Hutchison and PSA terminals in Asia.

Forwarders that experimented with new software during the days of robust freight demand now face a dilemma over what technology produces actual returns on investment as volumes and margin shrink.

Widely used forwarding software provider WiseTech Global will pursue further US landside logistics technology targets in 2023, its CEO says.

Shippers that often use spreadsheets and small transportation teams to bid and execute freight shipments are the target of a new software tool from technology provider Shipwell.

Freight rate booking marketplace Freightos said its unprofitable business is seeing improving margins and that scale will help it past the breakeven point.

Drayage software vendor PortPro is attempting to narrow the gap between the tools that port truckers and their shipper customers use with a new container milestone tracking product it has launched.

Shippers are showing “healthy adoption” of a wide variety of digital transformation projects, according to new research from S&P Global Market Intelligence.

Shippers struggling to manage demurrage fees and container availability information have two new options to track the status of containers at ports.

Supply chain risk-focused technology provider Overhaul has channeled demand for reducing exposure to cargo theft into a $38 million funding round just a few weeks after acquiring competitor SensiGuard.

Technology startup Qualle is trying to overcome drayage industry inertia around matching empty import boxes with export loads outside of ports by using early-stage funding to serve every North American port market.

Flexport, the polarizing digital forwarder, will double down on technology development during a lull in global trade, new CEO Dave Clark said at TPM23.

Retailers are discovering the importance of closely managing purchase orders as increasingly complex trans-Pacific supply chains spawned by the pandemic highlight the need for a heightened hands-on approach.

Shippers are gaining better supply chain visibility, but now they must step up their game and better manage and integrate the data they are receiving from transportation providers, technology companies told TPMTech23.

The Global Shipping Business Network is giving exporters an app that would track changes to earliest return dates across container terminals that use Navis terminal operating systems.

Rising demand from importers reckoning with the costs of detention and demurrage have fueled an $11 million investment into container management provider BlueCargo.

A new funding round for the embattled logistics software vendor is bound to raise eyebrows in an industry that has long been cynical of the impact of venture capital-backed founders.

Freight coordination software provider Leaf Logistics is working with a number of shippers and truckload carriers to build flexible, dedicated fleets to allow for continuous moves in big US markets.

Singapore-based Ocean Network Express, the sixth-largest global container line, will work with a division of Sony to track its global fleet of boxes.

Automation is already being infused into shipper and forwarder technology systems in ways that may be imperceivable to users.

WiseTech Global is doubling down on its reach into US intermodal networks with its $414 million purchase of Blume Global three weeks after acquiring drayage tech provider Envase.

Major container lines have agreed to an ambitious 2030 deadline to migrate from paper bills of lading to digital versions as resistance to such initiatives weakens.

Federal authorities allege ex-Slync CEO Chris Kirchner took millions of dollars meant to fund the startup technology company and instead financed extravagant personal expenditures.

A new Flexport app on Shopify’s partner marketplace is likely to be the first of many initiatives between the forwarder and e-commerce storefront provider.

Primarily an industrial transportation sector, the LTL business is moving into retail and is also becoming more involved in transloading at US port cities. 

Freight visibility provider Overhaul has acquired a competitor that doubles its size and gives it deeper cargo monitoring capability in Brazil, Mexico, and Central Europe.

Smaller US truckload carriers and the companies that provide them with access to working capital are under increasing pressure as cargo demand slows.

US importers that renegotiated contract rates or shifted to the spot market in the second half of 2022 have also had to adjust to different accessorial charges and transmission formats.

Technology provider Freightify is aiming to empower forwarders to build an online quoting presence that would lessen their reliance on rate marketplaces.

The software arms race taking place in the global forwarding space shows no signs of relenting, with Miami-based Magaya getting growth capital to fuel its international ambitions.

Investors see drayage as an area rife for technological improvement, with software provider PortPro the latest startup to secure funding to empower port truckers.

The need for shippers to contextualize freight status data led visibility provider FourKites to build a data connectivity tool for enterprise shippers.

Freightos’ public listing on the NASDAQ will be the first test of how public investors value one of the more prominent logistics technology companies to emerge over the past decade.

WiseTech Global, owner of the most widely used forwarding software product, has acquired a prominent vendor of drayage management software, capping a year of takeovers for the company.

Pandemic-driven acceleration in the usage of its digital shipping document product is a sign that blockchain does work in niche applications in global logistics, according to CargoX.

Scrutiny over Flexport’s job cuts earlier this month points to a long-term issue for the venture-backed logistics company: a perceived lack of identity in a market that has long been skeptical of its differentiation.

Pressure on shippers to take a more active role in bringing down so-called Scope 3 emissions covering the activities of a company’s third-party vendors — including transportation — has increased in recent years.

Demand for ocean visibility surged through the pandemic, including among software providers needing real-time container milestone data, an area that software vendor Terminal49 has targeted in recent years.

A partnership between venture firm Northstar and India’s Allcargo Group is meant to formalize their joint investment plans into logistics-focused startups over the next year.

Zim has joined a growing group of companies that see potential in giving small importers and exporters access to digital finance tools through an investment in an Israel-based startup.

Falling demand for ocean and air freight services is driving headcount cuts across the logistics sector, with forwarder Flexport the latest to announce layoffs.