Logistics Technology News

Stord, which provides technology and supply chain services to shippers, has used expansion into transportation and fulfillment to attract capital that it sees as protection in a market where investment may be harder to capture.

The Global Shipping Business Network, a consortium building a global trade data exchange, has launched products that tether bill of lading information to title transfer and proof of shipment notices.

After a “cyber incident” downed parts of Blume Global’s system last week, the company is working to fully restore service and taking additional safety measures involving customer account information and billing processes.

Hapag-Lloyd’s investment in container tracking hardware has visibility providers hoping to capitalize on better container location data to feed to their shipper customers.

The aftermath of February’s cyberattack has so far cost forwarder Expeditors International tens of millions of dollars, perhaps giving Blume Global some insight into what it faces after its own outage last week.

Hapag-Lloyd's move to equip its entire box fleet with sensors could herald a new era that unlocks new tools beyond mere visibility for carriers, even if tracking devices aren’t a cure-all for shipper supply chain woes.

The outage on Blume Global's platform comes after a cyberattack on Expeditors International in February that crippled the forwarder’s digital operations.

Rates and volumes may ease through the second half of the year, but there will be no relaxing of the disruptions faced by supply chains on the major trade lanes, says DSV.

More than 40 percent of drivers at small truckload carriers surveyed by technology provider SmartHop have entered the industry over the past two years, but many are considering moving to larger carriers for stability.

A new office near Washington, DC, is intended to help the CMA CGM–backed startup accelerator ZEBOX attract technology that can help its corporate partners in North America advance their digital logistics initiatives.

Kuehne + Nagel reported solid-first quarter results, but its outlook for the rest of the year remains muddied with no end to COVID-19 controls in China, deteriorating global supply chains, and consumer demand uncertainty.

Hapag-Lloyd is betting customers will eventually demand that all its containers be trackable by sensors, leading it to commit to equipping its fleet of 3 million dry boxes starting next year.

Importers wanting to avoid duties on low-value shipments can use Canada as a waypoint through a new program between North American fulfillment provider ShipHero and a Canadian customs broker.

Confusion over the intent of a number of public sector supply chain data initiatives to emerge in recent months might cloud the progress any of them might make individually.

Venture capital investors have plunged $410 million into Convoy, as one of the more notable digitally native freight brokers seeks to expand its reach to small truckload carriers and large shippers.

Procurement automation is already changing the nature of how shippers buy capacity from carriers and intermediaries, an evolution that will accelerate in the years ahead as humans adapt to the technology.

New research from Freightos finds ocean carriers improved their electronic tools over the past three years and want to move rate and booking activity through their own online channels.

Lineage’s latest acquisition expands the global food chain logistics company’s reach across Canada.

Shipment tracking device maker Tive has landed a $54 million cash infusion to build its global footprint and target more categories of shippers with location and condition monitoring solutions.

CMA CGM has made another major acquisition, bringing Europe’s main automotive logistics service provider under the wing of CEVA Logistics.

Forwarding software provider Magaya is wading into the less-than-truckload technology market with an automated pricing tool meant to help its customers quote faster to shippers.

Fresh off a seed funding round in February, truckload pricing intelligence provider Greenscreens.ai has built connectivity with procurement technology partners FreightFriend and 3Gtms.

ONE is using Google Cloud to further its ability to automate back office and customer-facing solutions, a sign that the cloud infrastructure giant sees container shipping as a key vertical to target.

Freight marketplace Emerge has designs on reshaping the truckload procurement space in North America, with an ambitious target of $20 billion in freight spend through its platform this year.

Shippers are bidding for freight more frequently due to supply volatility, driving growth in European procurement startup Shipsta that has led to a new funding round from investors.

project44 is aiming to provide non-traditional customers, like small shippers, consultants, and financial institutions with a high-level port congestion dashboard.

Greater network efficiency and profits will be priorities for new FedEx leadership as e-commerce reshapes global markets.

BlueX Trade is providing an extended credit product to small shippers and forwarders to help them manage working capital in the wake of historic ocean freight and ancillary fee costs.

Exporters struggle to get access to trade finance tools due to technology and regulatory limitations, a gap that startup provider Fishtail is aiming to fill with a new $4.5 million venture investment.

Aircon, a technology provider aiming to bring a software-based co-loader approach to the air freight industry, has been backed by early-stage investors to drive planned aggregation of air cargo.

German startup Flowfox is working with Kuehne + Nagel to pilot its platform that automates import clearance and container re-use at European ports with an eye toward global expansion of the solution.

Payment technology options continue to grow for freight intermediaries, with Los Angeles-based Freightpay the latest to get funding to build its early-stage payment platform.

The need to share data among supply chain participants has become a priority amid record volumes of US imports that have resulted in vessel backlogs, terminal congestion, and a stressed inland logistics sector.

Prompt, which works with many of the top 25 global forwarders to automate integrations and data entry, is breaking out of its stealth nature of operating with an expansion of systems into which it connects.

Insurance technology provider Loadsure plans to use an $11 million funding round to expand in the US freight market and serve forwarders managing international shipments.

The FMC has temporarily exempted Expeditors International from tariff filing obligations to allow the beleaguered forwarder to recover following a ransomware attack on its systems two weeks ago.

Drayage provider NEXT Trucking is piloting a peel pile program in Southern California that links vessel stowage at origin with quick unloading of containers at warehouse destinations to narrow total transit times for shipments.

A digitally oriented forwarder tied to the Bolloré Group has opened a North America office to tap into burgeoning US demand as the race to attract online-oriented shippers gathers steam.

Digital forwarder Forto has smashed through the $2 billion valuation barrier with a new round of funding that it will use to grow its presence in Europe and Asia.

The Port of Oakland and the Northwest Seaport Alliance have lent support to a Long Beach initiative designed to capture and make available container milestone information.