As freight forwarders work to survive and thrive in an increasingly competitive, global landscape, more are embracing technologies designed to boost productivity, minimize operation costs and improve customer service.
Chicago-based software company HubTran, which has had strong success with technology that automates work for North American freight brokers, recently introduced a cloud-based solution for forwarders. This platform leverages HubTran’s expertise in optical character recognition...
Several years ago Chicago-based brokerage ITG Transportation Services faced the same predicament as many companies in the freight business with services and data locked into a brick-and-mortar infrastructure. Should it split its focus from service and create its own tech or lean on third-party providers? Initially, ITG’s impulse was to build its own IT infrastructure and software tools.
Getting pricing to customers more quickly was the first priority it decided to tackle and ITG built a custom...
https://s29755.pcdn.co/news/are-brokerages-meant-to-be-technology-companies
Waking up early in the morning, European time, before trade subsides in Asia Pacific is such a pleasure when the performances of three public companies listed out there, all prominent on our radar, stand out. Even more so in days like these when a rising tide lifts all boats.
First off, Australia’s WiseTech (WTC), which hasn’t received a great deal of attention for some time. With its annual general meeting coming …
The post Supply chain radar: Yet another wonderful dawn with WiseTech,...
Osnabrück / Sydney, 27 May 2020. Hellmann Worldwide Logistics announced the rollout of CargoWise, the integrated single-platform logistics solution of WiseTech Global. The new Transport Management (TMS) System will be implemented for all Air and Sea freight operations across the global Hellmann network.
Hellmann, the globally active logistics service provider, will implement CargoWise to enhance operational processes within its global Air and Sea freight operations by standardizing systems and...
“Richard White’s software logistics firm, WiseTech Global, is the new millionaires’ factory, with the billionaire set to be joined by three other directors and executives among the ranks of Australia’s wealthy elite.” – The Australian, “WiseTech cranks out fortunes for leaders”, 10 June (sub required).
Up, up & up: While perhaps you know I was incredibly bullish when WTC traded at A$9 a share, talking of a 100% upside as being …
The post On the wires: WiseTech skyrockets – and there’s more to...
https://theloadstar.com/on-the-wires-wisetech-skyrockets-and-theres-more-to-come-on-all-counts/
The outstanding writing by Russell Wood on Premium over the past two weeks – in particular, his in-depth analysis of DHL Global Forwarding’s botched in-house digital transformation project and the transforming effect that subsequently had on WiseTech Global, here and here if you haven’t read it not done so already – whetted my appetite for the latest IT developments for freight forwarders and other supply chain actors.
I thus found myself looking …
The post Market Insight: WiseTech may be...
https://theloadstar.com/market-insight-wisetech-may-be-todays-leader-but-its-not-a-one-horse-race/
It’s a slightly ‘puffy’ piece (and note the dig at DHL), but the Sydney Morning Herald has interviewed the billionaire founder of WiseTech. Originally from the music industry, Richard White founded the increasingly noticeable A$5bn software company in 1994, excited by the opportunities he could see in logistics – a sector he called an “unholy mess”.
The company is thinking big – revenues are expected to grow 50% this year – …
The post Founder Richard White’s long way to the top at WiseTech...
https://theloadstar.co.uk/founder-richard-whites-long-way-to-the-top-at-wisetech/