EDRAY gets million boost from investor Leto Import logistics technology provider EDRAY on Tuesday said it has received a $7 million investment from noted industry investor Andrew Leto as it expands the range of products beyond its original mission to create peel piles… EDRAY gets million boost from investor Leto Journal of Commerce
Read More →India logistics vets launch digital forwarding platform
on July 16, 2021in Industry News
India logistics vets launch digital forwarding platform Global logistics veterans based in India on Friday formally launched a new company designed to arm small and medium-sized forwarders and customs brokers in the country with a digital platform for freight procurement, cargo insurance, and trade finance. Mumbai-based Transpost has… India logistics vets launch digital forwarding platform Journal of Commerce
Read More →Electronic payment vendors target global logistics inefficiencies
on July 14, 2021in Industry News
Electronic payment vendors target global logistics inefficiencies The thorny issue of freight invoice accuracy has dogged virtually every buyer of capacity, but a wave of investment in recent months into payment technology providers serving the forwarding industry is a sign that venture capital firms think it’s… Electronic payment vendors target global logistics inefficiencies Journal of Commerce
Read More →Digital forwarding startups plant a flag in Latin America
on July 13, 2021in Industry News
Digital forwarding startups plant a flag in Latin America A $16 million funding round into digitally-native forwarder Nowports earlier this month is indicative of a current wave of technology and investment spreading over Latin America, with the emphasis now on empowering importers and exporters in the region. In… Digital forwarding startups plant a flag in Latin America Journal of Commerce
Read More →US containerized refrigerated trade continues three-year growth streak
on July 9, 2021in Industry News
US containerized refrigerated trade continues three-year growth streak Imports of refrigerated (reefer) cargoes to the United States surged in early 2021 while exports plunged, as the ports of Oakland and Los Angeles expanded their share of total US… US containerized refrigerated trade continues three-year growth streak Journal of Commerce
Read More →Port congestion, labor shortages increasing costs for food shippers
on July 7, 2021in Industry News
Port congestion, labor shortages increasing costs for food shippers Transportation costs are rising sharply for US perishable food shippers as fluctuating vessel schedules, delays at ports and inland terminals, insufficient labor at trucking companies and shipper receiving facilities, and a… Port congestion, labor shortages increasing costs for food shippers Journal of Commerce
Read More →Flexport, Convoy forge multimodal link
on June 29, 2021in Industry News
Flexport, Convoy forge multimodal link Flexport and Convoy said Tuesday they are joining their systems to allow importers to connect ocean and air import moves with US domestic truckload legs. That’s a bid to automate the management of transportation… Flexport, Convoy forge multimodal link Journal of Commerce
Read More →Spread in ocean freight rates offers opportunity for some shippers
on June 29, 2021in Industry News
Spread in ocean freight rates offers opportunity for some shippers … Spread in ocean freight rates offers opportunity for some shippers International Freight
Read More →Equipment, space shortages push north–south shippers toward long-term contracts
on June 28, 2021in Industry News
Equipment, space shortages push north–south shippers toward long-term contracts A severe shortage of 40-foot refrigerated (reefer) containers on the north–south North -America–Latin America trade is forcing shippers to sign guaranteed volume… Equipment, space shortages push north–south shippers toward long-term contracts Journal of Commerce
Read More →Lack of uniform free time data adds complexity, costs for US importers
on June 25, 2021in Industry News
Lack of uniform free time data adds complexity, costs for US importers US importers lack a uniform method of tracking the moment a container leaves or returns to marine terminals in North America, a result of terminal and carrier fragmentation that… Lack of uniform free time data adds complexity, costs for US importers Journal of […]
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