Easing container, truck rates bring cold comfort to shippers The slight easing of eastbound trans-Pacific container spot rates and US truckload spot rates, coupled with weakening economic indicators, is dangling signs of so-called normalization for… Easing container, truck rates bring cold comfort to shippers Journal of Commerce
Read More →Rising volume, worsening congestion dries up European storage
on March 29, 2022in Industry News
Rising volume, worsening congestion dries up European storage European importers are facing a growing shortage of available storage in container yards and warehouses as highly unreliable supply chains force them to increase orders and build inventory buffers against lead time delays and disruption. China-Europe volume… Rising volume, worsening congestion dries up European storage Journal of Commerce
Read More →BlueX tackles freight cost burden with ‘pay-it-later’ tool
on March 24, 2022in Industry News
BlueX tackles freight cost burden with ‘pay-it-later’ tool Ocean freight software provider BlueX Trade has expanded its recently launched payment solution to enable small shippers to get access to extended credit terms to cover… BlueX tackles freight cost burden with ‘pay-it-later’ tool Journal of Commerce
Read More →Logistics tech vet secures funding for trade finance startup
on March 22, 2022in Industry News
Logistics tech vet secures funding for trade finance startup A trade finance technology startup has landed a $4.5 million seed round from venture investors to build trade finance tools for the forwarding market. New York-based Fishtail… Logistics tech vet secures funding for trade finance startup Journal of Commerce
Read More →Highly effective — and accepted — global data standard already exists
on March 21, 2022in Industry News
Highly effective — and accepted — global data standard already exists The White House last week launched a pilot program involving a range of supply chain stakeholders aimed at creating a national data portal, a follow-on from plans laid out in November by the US Department of Transportation (DOT) and the Federal Maritime Commission (FMC) to examine […]
Read More →Air cargo vets get funding for freight consolidation startup
on March 21, 2022in Industry News
Air cargo vets get funding for freight consolidation startup A startup aiming to drive more consolidation in the global air freight industry has landed a $1 million early-stage funding round to build its solution… Air cargo vets get funding for freight consolidation startup Journal of Commerce
Read More →Flexport, project44 executives among investors in new freight pay venture
on March 15, 2022in Industry News
Flexport, project44 executives among investors in new freight pay venture A startup aiming to help forwarders and other freight intermediaries improve their accounts payable process has landed a $2 million… Flexport, project44 executives among investors in new freight pay venture Journal of Commerce
Read More →Forwarding tech provider out to unify disconnected system landscape
on March 14, 2022in Industry News
Forwarding tech provider out to unify disconnected system landscape A data entry and integration automation software vendor that has been quietly working with a range of the biggest global forwarders said… Forwarding tech provider out to unify disconnected system landscape Journal of Commerce
Read More →US shippers bracing for fuel cost hikes amid oil market volatility
on March 12, 2022in Industry News
US shippers bracing for fuel cost hikes amid oil market volatility With North American oil prices closing at $96.44 per barrel on March 15, after jumping as high as $123.70 on March 8, shippers are still trying… US shippers bracing for fuel cost hikes amid oil market volatility Journal of Commerce
Read More →Shipper focus yields revenue growth for DP World
on March 10, 2022in Industry News
Shipper focus yields revenue growth for DP World Growth in the share of its revenue not connected to… Shipper focus yields revenue growth for DP World Journal of Commerce
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