Category Archives for Industry News

Platform helping customs target risky cargo attracts million funding A technology startup that is aiming to build a more effective version of trusted trader programs like the United States’ Customs-Trade Partnership… Platform helping customs target risky cargo attracts million funding Journal of Commerce

Forto’s forwarding growth leads to major new funding round Berlin-based forwarder Forto has leveraged a tripling of its ocean freight volume in 2020 to land a second funding round this year with a $50 million investment from venture capital groups, including Maersk’s venture arm.The investment means Forto, among the first to push the concept of […]

Amazon makes quiet move into customs clearance, compliance With virtually no fanfare, Amazon is making aggressive moves to enter yet one more segment of the logistics industry — customs clearance and compliance.The retail behemoth, which acquired cloud-based customs clearance startup INLT in 2019, is now actively recruiting customs compliance staff for what it calls its […]

Shippers face delays despite UPS, FedEx capacity expansion Despite UPS and FedEx recently expanding their networks to provide additional capacity and improve delivery times ahead of the holiday season, small and medium-size shippers say they’re still struggling with delays.“In general, every… Shippers face delays despite UPS, FedEx capacity expansion Journal of Commerce

Frozen COVID-19 vaccine heats up logistics complexity The latest COVID-19 vaccine research breakthrough this week has… Frozen COVID-19 vaccine heats up logistics complexity Journal of Commerce

JOC Uncharted: Pandemic sparked shipper decision-making  The head of DHL Supply Chain says the pandemic spurred its… JOC Uncharted: Pandemic sparked shipper decision-making Journal of Commerce

DHL grows pricing power in solid Q3 Deutsche Post DHL Group significantly boosted pricing power across its express, forwarding, and e-commerce divisions to post an almost 52 percent increase in third-quarter net profit.The earnings momentum is… DHL grows pricing power in solid Q3 Journal of Commerce

Container lines leaning on cloud technology for digital differentiation Container carriers have fully embraced the migration of their systems to cloud infrastructure as a way to manage fluctuations in their computing… Container lines leaning on cloud technology for digital differentiation Journal of Commerce

Forwarders see ocean unreliability eroding carrier threat The business approach of asset-owning ocean carriers will always be heavily focused on filling vessels rather than providing the… Forwarders see ocean unreliability eroding carrier threat Journal of Commerce

Maersk’s Twill targets small shippers via digital sales channel When Maersk launched the online forwarder Twill in 2017, it was seen as the container line’s answer to Flexport and other digitally native forwarders to emerge in the… Maersk’s Twill targets small shippers via digital sales channel Journal of Commerce