‘Tense’ market to extend through 2021: K+N Kuehne + Nagel Monday reported a significant increase in revenue and earnings for the first quarter as it capitalized on disrupted air and ocean markets that it expects to continue at least through the end of the year. The Switzerland-based forwarder said it recorded a 22.8 percent year-over-year… ‘Tense’ market to extend through 2021: K+N Journal of Commerce
Read More →Freightos sees marketplace SOPs as path to curbing bad booking behavior
on April 22, 2021in Industry News
Freightos sees marketplace SOPs as path to curbing bad booking behavior The shipping industry can benefit from standard rules governing the sale of capacity on online freight marketplaces to ensure unconstructive behavior in offline transactions doesn’t bleed into digital quoting tools, according to an executive with… Freightos sees marketplace SOPs as path to curbing bad booking behavior Journal of Commerce
Read More →DP World-led trade facilitation program already gaining traction
on April 21, 2021in Industry News
DP World-led trade facilitation program already gaining traction A DP World-driven initiative offering shippers logistics incentives in exchange for meeting “trusted trader” guidelines has attracted 10 countries and 450 companies within… DP World-led trade facilitation program already gaining traction Journal of Commerce
Read More →Risk-focused visibility sensor maker gets VC backing
on April 20, 2021in Industry News
Risk-focused visibility sensor maker gets VC backing A $2.3 million seed funding round for cargo loss prevention-oriented sensor provider PAXAFE shows that venture capital firms continue to add fuel to the red-hot freight visibility market. Milwaukee-based PAXAFE helps shippers contextualize in-transit shipment… Risk-focused visibility sensor maker gets VC backing Journal of Commerce
Read More →Integration provider Chain.io gets VC funding to fuel logistics connectivity
on April 16, 2021in Industry News
Integration provider Chain.io gets VC funding to fuel logistics connectivity Logistics software integration specialist Chain.io has raised $5 million in venture funding to expand its ability to help third-party logistics providers (3PLs) and shippers connect with the… Integration provider Chain.io gets VC funding to fuel logistics connectivity Journal of Commerce
Read More →OpenEnvoy gets early funding to build freight bill audit momentum
on April 13, 2021in Industry News
OpenEnvoy gets early funding to build freight bill audit momentum OpenEnvoy said Tuesday it has snagged a $6.5 million seed round from a group of venture capital investors to expand its automated freight invoice… OpenEnvoy gets early funding to build freight bill audit momentum Journal of Commerce
Read More →Lender merges acquired brands to tap into logistics consolidation power
on April 13, 2021in Industry News
Lender merges acquired brands to tap into logistics consolidation power Finance lender eCapital on Tuesday said it has consolidated eight acquisitions made over the past four years into a single entity as it seeks to capitalize… Lender merges acquired brands to tap into logistics consolidation power Journal of Commerce
Read More →New ‘managed’ forwarding marketplace gives US shippers online options
on April 9, 2021in Industry News
New ‘managed’ forwarding marketplace gives US shippers online options A new freight forwarding marketplace launched this week in North America aims to entice shippers that struggle to scale their international import capabilities in line with orders. The company,… New ‘managed’ forwarding marketplace gives US shippers online options Journal of Commerce
Read More →Maersk’s 4PL play could further rile forwarder partners
on April 9, 2021in Industry News
Maersk’s 4PL play could further rile forwarder partners A new managed transportation services (MTS) product from Maersk targeting large shippers that oversee complex global supply chains could further increase tension with its forwarder customers as the world’s… Maersk’s 4PL play could further rile forwarder partners Journal of Commerce
Read More →DCSA members getting on board with track-and-trace standard
on April 7, 2021in Industry News
DCSA members getting on board with track-and-trace standard Five of the nine container line members of the Digital Container Shipping Association (DCSA) say they have adopted, or soon will adopt,… DCSA members getting on board with track-and-trace standard Journal of Commerce
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