Monthly Archives for March 2022

Clearing congestion key to lower ocean rates: McKinsey … Clearing congestion key to lower ocean rates: McKinsey International Freight

Procurement software vendor rides market upheaval to new investment Freight procurement software provider Shipsta on Thursday landed a $10 million funding round to expand the reach of its tool, which helps shippers digitize their capacity-buying activity across modes. Luxembourg-based Shipsta,… Procurement software vendor rides market upheaval to new investment Journal of Commerce

Easing container, truck rates bring cold comfort to shippers The slight easing of eastbound trans-Pacific container spot rates and US truckload spot rates, coupled with weakening economic indicators, is dangling signs of so-called normalization for… Easing container, truck rates bring cold comfort to shippers Journal of Commerce

Rising volume, worsening congestion dries up European storage European importers are facing a growing shortage of available storage in container yards and warehouses as highly unreliable supply chains force them to increase orders and build inventory buffers against lead time delays and disruption. China-Europe volume… Rising volume, worsening congestion dries up European storage Journal of Commerce

BlueX tackles freight cost burden with ‘pay-it-later’ tool Ocean freight software provider BlueX Trade has expanded its recently launched payment solution to enable small shippers to get access to extended credit terms to cover… BlueX tackles freight cost burden with ‘pay-it-later’ tool Journal of Commerce

Logistics tech vet secures funding for trade finance startup A trade finance technology startup has landed a $4.5 million seed round from venture investors to build trade finance tools for the forwarding market. New York-based Fishtail… Logistics tech vet secures funding for trade finance startup Journal of Commerce

Highly effective — and accepted — global data standard already exists The White House last week launched a pilot program involving a range of supply chain stakeholders aimed at creating a national data portal, a follow-on from plans laid out in November by the US Department of Transportation (DOT) and the Federal Maritime Commission (FMC) to examine […]

Air cargo vets get funding for freight consolidation startup A startup aiming to drive more consolidation in the global air freight industry has landed a $1 million early-stage funding round to build its solution… Air cargo vets get funding for freight consolidation startup Journal of Commerce

Flexport, project44 executives among investors in new freight pay venture A startup aiming to help forwarders and other freight intermediaries improve their accounts payable process has landed a $2 million… Flexport, project44 executives among investors in new freight pay venture Journal of Commerce

Forwarding tech provider out to unify disconnected system landscape A data entry and integration automation software vendor that has been quietly working with a range of the biggest global forwarders said… Forwarding tech provider out to unify disconnected system landscape Journal of Commerce