Category Archives for Industry News

Drewry shifts to new procurement software partner Supply chain consultancy Drewry on Wednesday announced a partnership with procurement software provider Freightender to serve clients for which… Drewry shifts to new procurement software partner Journal of Commerce

Logixboard parlays customer experience need into VC funding A growing need from forwarders to build effective user interfaces to win shipper business has translated into a venture capital funding round for logistics software provider Logixboard. Seattle-based Logixboard said Wednesday it snagged a $13… Logixboard parlays customer experience need into VC funding Journal of Commerce

MSC adds weight to eBL momentum Mediterranean Shipping Co. (MSC) is rolling out an electronic bill of lading (eBL) product to customers globally to induce the industry to wean itself off paper BLs,… MSC adds weight to eBL momentum Journal of Commerce

Startup gets funding to help small shippers navigate international logistics A software provider that enables direct-to-consumer brands to appropriately price the logistics and trade compliance costs of shipping internationally for its consumers has gotten the… Startup gets funding to help small shippers navigate international logistics Journal of Commerce

DSV adds .2 billion Agility takeover to solid Q1 result DSV Panalpina’s $4.2 billion acquisition of Agility’s Global Integrated Logistics business announced Tuesday will increase its combined annual revenue by almost 25 percent and strengthen its market position in both air and ocean freight transport. When the deal is finalized in the… DSV adds .2 billion Agility takeover to solid Q1 result Journal of Commerce

CMA CGM backs research into hydrogen-fueled shipping … CMA CGM backs research into hydrogen-fueled shipping International Freight

‘Tense’ market to extend through 2021: K+N Kuehne + Nagel Monday reported a significant increase in revenue and earnings for the first quarter as it capitalized on disrupted air and ocean markets that it expects to continue at least through the end of the year. The Switzerland-based forwarder said it recorded a 22.8 percent year-over-year… ‘Tense’ market to extend through 2021: K+N Journal of Commerce

Freightos sees marketplace SOPs as path to curbing bad booking behavior The shipping industry can benefit from standard rules governing the sale of capacity on online freight marketplaces to ensure unconstructive behavior in offline transactions doesn’t bleed into digital quoting tools, according to an executive with… Freightos sees marketplace SOPs as path to curbing bad booking behavior Journal of Commerce

DP World-led trade facilitation program already gaining traction A DP World-driven initiative offering shippers logistics incentives in exchange for meeting “trusted trader” guidelines has attracted 10 countries and 450 companies within… DP World-led trade facilitation program already gaining traction Journal of Commerce

Risk-focused visibility sensor maker gets VC backing A $2.3 million seed funding round for cargo loss prevention-oriented sensor provider PAXAFE shows that venture capital firms continue to add fuel to the red-hot freight visibility market. Milwaukee-based PAXAFE helps shippers contextualize in-transit shipment… Risk-focused visibility sensor maker gets VC backing Journal of Commerce