Category Archives for Industry News

project44 doubles valuation with latest funding injection Chicago-based project44 has landed its third multi-million-dollar funding round in just over a year, a $240 million tranche that values the multimodal visibility… project44 doubles valuation with latest funding injection Journal of Commerce

Outlook 2022: Forwarder profits obscure pressure on traditional 3PL model This story appears in the print edition of the Jan. 3, 2022, Journal of Commerce Annual Review and Outlook.Global forwarders… Outlook 2022: Forwarder profits obscure pressure on traditional 3PL model Journal of Commerce

Lineage Logistics adds .7 billion to war chest Lineage Logistics, the world’s largest provider of temperature-controlled logistics facilities and services, is about to get bigger. The company received a $1.7 billion infusion of new equity to fuel automation, construction,… Lineage Logistics adds .7 billion to war chest Journal of Commerce

Omicron already crimping US freight-shipping labor The last year has shown that not having enough labor — whether in… Omicron already crimping US freight-shipping labor Journal of Commerce

Blume acquires sourcing collaboration platform Logistics technology provider Blume Global has acquired the procurement and supplier collaboration software maker LiveSource in a bid to coordinate pre- and post-production activities for manufacturers and the logistics providers they use. The… Blume acquires sourcing collaboration platform Journal of Commerce

Payment vendor takes aim at freight surcharge burden A new product from payment vendor PayCargo gives shippers and forwarders access to credit to pay mounting freight bills amid port congestion and cargo delays that generate surcharges and fees that… Payment vendor takes aim at freight surcharge burden Journal of Commerce

Outlook 2022: Unrelenting US logistics real estate demand to continue through 2022 This story appears in the print edition of the Jan. 3, 2022, Journal of Commerce Annual… Outlook 2022: Unrelenting US logistics real estate demand to continue through 2022 Journal of Commerce

Customs technology provider to launch China-US LCL service A technology provider that helps small and medium-sized shippers self-file customs entries and other import documents will launch a less-than-containerload (LCL) service connecting China with the United States in January. Tel Aviv-based eezyimport, which provides a… Customs technology provider to launch China-US LCL service Journal of Commerce

Outlook 2022: Shippers seek resilience in upended transportation markets This story appears in the print edition of the Jan…. Outlook 2022: Shippers seek resilience in upended transportation markets Journal of Commerce

New market dynamics driving demand for freight futures … New market dynamics driving demand for freight futures International Freight