Supply chain

DSV believes it can build on the strong air and ocean demand seen through the third quarter that has extended into October.

Sensing potential scalability factors, a handful of Indian domestic cold chain solutions providers have already trained their sights on what could be a tough, but lucrative, market for them.

The average revenue per piece for UPS’ Ground division increased year over year for the first time since Q2 2019, benefiting from pandemic-related surcharges and the e-commerce boom.

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.

DSV’s targeted acquisition increases its e-commerce exposure as the coronavirus accelerates a shift from shopping in brick and mortar stores to online.

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.

Holiday surcharges are affecting the US parcel market as European counterparts grapple with higher cross-border fees.

By folding in Damco, Maersk plans to provide an "end-to-end logistics solution," and if successful, is poised to gain enormous advantages over competitors.

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.

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.

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.

While demand momentum from the third quarter has extended into October, Kuehne + Nagel warned that maintaining current elevated levels through the end of the year is by no means a given.

The 2019 data reflects growing e-commerce demand from consumers and the increasing heft of last-mile and parcel providers that help serve that demand.

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.

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.

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.

An ability to handle out-of-gauge cargo and a unique inventory management system distinguish supply chain logistics platform e2log from the competition.

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.

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.

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.

The rise in oversized items such as furniture and appliances purchased online has resulted in the need for reverse logistics processes to manage not only returns, but also resales and other disposal options.

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.

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.

While the US small parcel market is dominated by FedEx and UPS, Amazon Logistics has emerged as a major last-mile player due to its rapidly increasing delivery capacity.

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.

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.

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.

The FMC will look into whether ocean carriers are incorrectly holding truckers, third-party logistics, and freight forwarders responsible for penalties that should be paid by the shipper.

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.

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.

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.

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.

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.

Retailers are partnering with gig delivery platforms to compete against Amazon and secure additional last-mile capacity during the holiday season.

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.

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.

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.

Speaking at the virtual 2020 CSCMP Edge conference, Target’s Arthur L Valdez, Jr., forecasts a reinvention of retailing based on logistics and increasingly precise and rapid transportation.

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.

Despite the decline in forwarder market share, more than half of the top 25 non-vessel-operating common carriers (NVOs) in the eastbound trans-Pacific trade handled more volume in the first eight months of 2020, with six recording double-digit percentage increases.