Maersk, IBM shutter TradeLens in surprise move TradeLens’ failure to gain traction after four years was due to several factors, not least of which was trying to convince ocean carriers and their customers to provide sensitive data to a technology platform partly owned by Maersk. Maersk, IBM shutter TradeLens in surprise move Journal of Commerce
Read More →Rail shippers confident Congress will avert strike
on November 29, 2022in Industry News
Rail shippers confident Congress will avert strike Trade groups representing railroads and shippers are confident Congress will act to prevent a potential strike in December, but that is not stopping them from discussing the stakes involved. Rail shippers confident Congress will avert strike Journal of Commerce
Read More →Ocean carriers struggle to match capacity with plummeting demand
on November 29, 2022in Industry News
Ocean carriers struggle to match capacity with plummeting demand The ability of ocean carriers to manage their growing supply of excess capacity is becoming tougher by the week as supply chain bottlenecks ease and global economic headwinds strengthen. Ocean carriers struggle to match capacity with plummeting demand Journal of Commerce
Read More →US wholesale trade data shows industrial economy still resilient: analyst
on November 17, 2022in Industry News
US wholesale trade data shows industrial economy still resilient: analyst To the extent freight market participants have greater exposure to key industrial markets than consumer markets, current data is not pointing towards sharp downturns in freight demand, at least not yet, writes JOC analyst Jason Miller. US wholesale trade data shows industrial economy still resilient: […]
Read More →ERD delay variance hampers US exporters: study
on November 16, 2022in Industry News
ERD delay variance hampers US exporters: study Data from visibility provider Portcast shows US exporters struggle to manage changes to early return dates as well as variances in ERD data formats from different terminals. ERD delay variance hampers US exporters: study Journal of Commerce
Read More →Raft partners with PayCargo in forwarding payment efficiency move
on November 15, 2022in Industry News
Raft partners with PayCargo in forwarding payment efficiency move PayCargo has extended its reach into the forwarding industry via an integration with software vendor Raft that minimizes PayCargo’s need to directly connect with CargoWise. Raft partners with PayCargo in forwarding payment efficiency move Journal of Commerce
Read More →WiseTech targets digital documentation market with Shipamax buy
on November 2, 2022in Industry News
WiseTech targets digital documentation market with Shipamax buy WiseTech Global has resumed its acquisitive ways with the purchase of Shipamax, a UK-based logistics data extraction software vendor. WiseTech targets digital documentation market with Shipamax buy Journal of Commerce
Read More →Volume, rates will decline through Q1 2023: ONE’s Nixon
on October 31, 2022in Industry News
Volume, rates will decline through Q1 2023: ONE’s Nixon Singapore-based carrier ONE expects to end its fiscal year with profits below the record earnings generated in FY2021 with no short-term improvement likely in container shipping markets. Volume, rates will decline through Q1 2023: ONE’s Nixon International Freight
Read More →Geodis RFP effort a sign of growing automation adoption
on October 27, 2022in Industry News
Geodis RFP effort a sign of growing automation adoption A Geodis initiative around automating service requests from shippers is an example of growing consumption of robotic process automation in the third-party logistics industry. Geodis RFP effort a sign of growing automation adoption Journal of Commerce
Read More →Shippeo investment a sign that visibility not yet a winner-takes-all market
on October 25, 2022in Industry News
Shippeo investment a sign that visibility not yet a winner-takes-all market A funding round into Shippeo shows that demand for visibility and fragmentation of the market continue to grow despite a slowing venture capital environment. Shippeo investment a sign that visibility not yet a winner-takes-all market Journal of Commerce
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