Category Archives for Industry News

Maersk taps startup partner to offer visibility on forced labor exposure A range of US importers are at risk of violating new regulations over the involvement of forced labor in the goods they import, leading Maersk and technology vendor Altana AI to partner in a program to help shippers identify that risk. Maersk taps startup partner to […]

Money still flowing into confusing logistics tech market Recent funding rounds for Flexe and PayCargo are symbolic of the confusing market that logistics technology companies are navigating, with funding still available but harder to obtain than last year. Money still flowing into confusing logistics tech market Journal of Commerce

Money still flowing into complex logistics tech market Recent funding rounds for Flexe and PayCargo are symbolic of the confusing market that logistics technology companies are navigating, with funding still available but harder to obtain than last year. Money still flowing into complex logistics tech market Journal of Commerce

Deteriorating container flow shows disconnect with signs of ‘normalization’ Not only does cargo flow in both North America and Europe fail to show any positive effects from the slowdown at origin, it’s trending in the opposite direction. Deteriorating container flow shows disconnect with signs of ‘normalization’ Journal of Commerce

WiseTech’s Bolero buy signal of continued eBL progress Forwarding software provider WiseTech Global has waded into the fragmented electronic bill of lading space with the purchase of Bolero, an early provider of trade finance and electronic documentation tools. WiseTech’s Bolero buy signal of continued eBL progress Journal of Commerce

Scan Global becomes latest European forwarder to target Asia-based rival  Sea-Air Logistics will increase Scan’s market share on the trans-Pacific, Asia-Europe, and intra-Asia trades through nine warehouses and offices in China, Hong Kong, and Singapore. Scan Global becomes latest European forwarder to target Asia-based rival  Journal of Commerce

Brazil–US freight rates spike amid tight capacity, port congestion Northbound capacity from Brazil to the US is tight due to ongoing strength in US imports, a reality that has boosted freight rates and is likely to continue until at least the fourth quarter of 2022. Brazil–US freight rates spike amid tight capacity, port congestion Journal […]

DB Schenker to buy USA Truck for 5 million European logistics company DB Schenker will offer US shippers a more integrated package of domestic and international services by adding truckload carrier USA Truck to its Land Transport division. DB Schenker to buy USA Truck for 5 million Journal of Commerce

Strong perishables exports spur South America–Asia capacity hikes Carriers are deploying extra capacity and launching new services to accommodate strong exports of produce and seafood from the west coast of South America to Asia and the Mediterranean. Strong perishables exports spur South America–Asia capacity hikes Journal of Commerce

No short-term fix seen for US chassis shortage US retailers’ stockpiling of inventory has not only swelled the number of import boxes sitting on marine terminals and railheads, it has also left thousands of chassis idled with unopened containers on top of them at distribution centers around the country. No short-term fix seen for US […]