Category Archives for Industry News

Xeneta rides ocean freight upheaval to new funding round Ocean and air freight rate benchmarking platform Xeneta has secured a $28.5 million funding round from venture investors, with the cash to be used scale operations, product development, and sales, the… Xeneta rides ocean freight upheaval to new funding round Journal of Commerce

TradeLens’ expansion gives shippers direct access to China port data TradeLens has enlisted more than 10 port authorities and logistics services providers in China as participants on its shipping and trade data platform, a development that gives it direct access to data from terminals and cargo depots in… TradeLens’ expansion gives shippers direct access to China port data Journal of Commerce

Forwarders tapping visibility APIs to automate container updates New York-based forwarder Shifl is partnering with container visibility data company Terminal49 to supply it with the ability to predict estimates times of arrival (ETAs) and independently verify its own container status data, the… Forwarders tapping visibility APIs to automate container updates Journal of Commerce

Cargo owners prioritizing capacity over price in hot breakbulk market Strong demand and healthy freight rates in the multipurpose vessel and heavy lift (MPV/HL) markets are expected to last through the end of 2021, driven by continued investment in wind energy… Cargo owners prioritizing capacity over price in hot breakbulk market Journal of Commerce

Singapore software startup to manage drayage in Thailand for CMA CGM A software provider aiming to digitalize port drayage processes in Southeast Asia has expanded into Thailand through a partnership with liner carrier CMA CGM’s local office. Singapore-based Haulio develops software to help drayage carriers — called “hauliers” in… Singapore software startup to manage drayage in Thailand for CMA CGM Journal of Commerce

Automation software maker targets 3PL customer service inefficiencies An automation-focused logistics technology startup on Tuesday said it has created a set of customer service-oriented bots designed to minimize resources that third-party logistics providers (3PLs) spend attracting and retaining shipper… Automation software maker targets 3PL customer service inefficiencies Journal of Commerce

Investment into Overhaul continues visibility momentum Growth equity continues to flow into the supply chain visibility market, the latest example being software provider Overhaul on Tuesday snagging a $35 million funding round led… Investment into Overhaul continues visibility momentum Journal of Commerce

Finding the ocean freight sweet spot for Section 321 As more international shipments go directly to US consumers rather than via retailers, importers of lower-value cargo are increasingly tapping a US federal statute that expanded the value of goods that… Finding the ocean freight sweet spot for Section 321 Journal of Commerce

US ocean importers of low-value goods embrace Section 321 As more international shipments go directly to US consumers rather than via retailers, importers of lower-value cargo are increasingly tapping a US federal statute that expanded the value of goods that… US ocean importers of low-value goods embrace Section 321 Journal of Commerce

US importers of low-value containerized goods embrace Section 321 As more international shipments go directly to US consumers rather than via retailers, importers of lower-value cargo are increasingly tapping a US federal statute that expanded the value of goods that… US importers of low-value containerized goods embrace Section 321 Journal of Commerce