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Cross-border services startup uses e-commerce growth to land parcel consolidator Passport, a platform that helps e-commerce retail brands get access to cross-border shipping services, has acquired parcel consolidator Access Worldwide, more evidence that online shopping is driving strategic acquisition and investment activity. Passport CEO Alex Yancher said in a statement Tuesday the company will get access to better shipping rates… Cross-border services startup uses e-commerce growth to land parcel consolidator Journal of Commerce

New funding, acquisition signal growing digital forwarder competition European digital forwarder Shypple said Monday it has raised 18.5 million euros (US $21.75 million) in funding and acquired an air freight and perishables specialist, the latest sign… New funding, acquisition signal growing digital forwarder competition Journal of Commerce

Acquisitions extend Maersk’s reach to e-commerce delivery Maersk, emboldened by record profits and accelerated growth of its integrator strategy, is spending roughly $924 million on last-mile and parcel capabilities to serve… Acquisitions extend Maersk’s reach to e-commerce delivery Journal of Commerce

Rate management vendor targets US, Europe expansion with new funding As international ocean freight rate data becomes more publicly available through indexes and online quoting tools, the success of forwarders is as dependent as ever on their ability to be the first to provide a rate to shippers. That led Raghavendran… Rate management vendor targets US, Europe expansion with new funding Journal of Commerce

Disrupted ocean markets a windfall for forwarders Forwarders — large, small, and medium-sized — are enjoying a windfall of business as shippers increasingly turn to non-vessel owning common carriers, or NVOs, to move their cargo out of Asia in the face of rising rates and a sustained ocean capacity shortage.  The highly positive market dynamics for service providers have seen four of the largest Top 20 forwarders in… Disrupted ocean markets a windfall for forwarders Journal of Commerce

Freight chaos pushes digital rate progression The driver for forwarders to use rate management software has shifted from quoting efficiency to determining what rate will actually get space on a vessel, according to a new report from logistics… Freight chaos pushes digital rate progression Journal of Commerce

Procurement vendors arm shippers with carbon calculation tools Freight procurement platforms are likely to play an increasing role in helping shippers navigate carbon reduction goals, evidenced by the recent emergence of two new platforms… Procurement vendors arm shippers with carbon calculation tools Journal of Commerce

Robust earnings spur Geodis acquisition spree Geodis capitalized on double-digit growth in its e-commerce business in the US and Europe, with the French forwarder posting a highly profitable financial result in the first half and using its earnings momentum to make a series of… Robust earnings spur Geodis acquisition spree Journal of Commerce

ECU targets Nordic region with purchase of consolidator Neutral non-vessel-operating common carrier ECU Worldwide has taken a majority ownership stake in Scandinavian co-loader Nordicon in a bid to tap into growing regional demand for less-than-containerload (LCL) services.  ECU, a wholly-owned subsidiary of Mumbai-based Allcargo Logistics, will hold a 65 percent stake… ECU targets Nordic region with purchase of consolidator Journal of Commerce

Regulating detention, demurrage comes with risks Detention and demurrage billing by ocean carriers is now in the spotlight… Regulating detention, demurrage comes with risks Journal of Commerce