Digital freight forwarder

Jochen Freese joins Forto as EVP of procurement and business development

Digital freight forwarder Forto has appointed ex-Ceva executive Jochen Freese (above) as its executive VP of procurement and business development, confirming news broken by Loadstar Premium in October
“Jochen has a proven track record in helping large, worldwide customers in such industry segments as retail and fashion, hi-tech, healthcare and automotive optimise their transport and logistics,” said Forto CEO and co-founder Michael Wax.
“This customer focus, combined with his experience in...

https://theloadstar.com/jochen-freese-joins-forto-as-evp-of-procurement-and-business-development/

Forto secures Series C and unicorn status, credits partnerships and culture

Berlin-based Forto, a digital freight forwarder also known as FreightHub, announced Monday it has secured $240 million in a Series C round led by SoftBank Vision Fund 2. Past investors Northzone, Iven Capital, Cherry Ventures and Unbound and newest investors Citi Ventures and G Squared also participated in the round.

The company has raised a total of $360 million since 2016 and, after its latest raise, is valued at $1.2 billion.

In a recent blog by the company’s co-founder, Fabian Heilemann, he...

https://www.freightwaves.com/news/forto-secures-series-c-and-unicorn-status-credits-partnerships-and-culture

Sennder valued over $1B after $80M Series D extension

On Tuesday, Sennder, a digital freight forwarder based in Berlin, closed on an additional $80 million in funds, an extension to its Series D round that raised $160 million in January. The extension was led by Baillie Gifford, with Hedosophia, Accel, Lakestar, HV Capital, Project A and Scania participating in the previous Series D raise. 

The company has raised more than $350 million since 2015 and is now valued at over $1 billion.

“We are delighted to join the Sennder team on its journey to...

https://www.freightwaves.com/news/sennder-valued-over-1b-after-80m-series-d-extension

German digital freight forwarder Senderr raises $160M

German freight technology startup Sennder has raised $160 million in Series D financing, surpassing a $1 billion valuation as it seeks to expand services and acquisitions across the European freight markets.

The company did not divulge the name of the lead investor, but round participants included Accel, Lakestar, HV Capital, Project A and Scania.

Founded in 2015, Sennder has grown its headcount to 800 employees who work across seven European offices. 

On a growth tear last year, the Berlin-based...

https://www.freightwaves.com/news/german-digital-freight-forwarder-senderr-raises-160m

Booming online freight sales producing a ‘golden age’ for SME forwarders

The rapid uptick in digital freight sales means first-mover advantage is over, according to Freightos.
But, it adds, the industry has entered a “golden age” for SME forwarders.
Speaking at the Container xChange Digital Container Summit last week, Freightos chief marketing officer Eytan Buchman predicted that over half of global freight sales would be made online within the next decade.
“I’m willing to put money on that,” said Mr Buchman. “And our investors …

The post Booming online freight sales...

https://theloadstar.com/booming-online-freight-sales-producing-a-golden-age-for-sme-forwarders/

Parnity creates global networking platform for freight forwarders

Parnity creates global networking platform for freight forwarders (Photo: Jim Allen/FreightWaves)

Parnity, a Brazilian freight forwarding startup, is creating a one-stop platform for forwarders to connect with fellow forwarders and manage their own network. Parnity’s platform accounts for over 7,000 freight forwarders, providing a public space where users can see forwarder profiles and custom search for partners based on their needs. 

“Freight forwarders will also have a private profile under the My Network tab, which acts as a customer relationship management [CRM] tool for partners....

https://s29755.pcdn.co/news/parnity-creates-global-networking-platform-for-freight-forwarders

Shipwaves goes with TradeLens information flow

Digital freight forwarder Shipwaves has joined TradeLens, the blockchain-enabled shipping platform developed by A.P. Møller – Maersk and IBM.

Shipwaves, based in Mumbai, India, said the move is aimed at accelerating the digitization of ocean logistics, particularly in India and the Middle East. Having recently allowed shipping bills of lading to be filed over a blockchain platform, India has been “betting big on blockchain-enabled solutions to digitize its maritime supply chains,” Shipwaves said.

https://s29755.pcdn.co/news/shipwaves-goes-with-tradelens-information-flow

Transship integrates Loadsure digital cargo insurance for comprehensive, automated freight forwarding offering

Leveraging Loadsure’s sophisticated API, Transship broker-customers are empowered to manage and protect global shipments of perishable goods in just minutes, rather than hours—or even days
LONDON – July 7, 2020 – Loadsure today announced its partnership with automated freight forwarding platform, Transship—a partnership that brings Loadsure’s market-leading, fully digital cargo insurance solution to the international stage. In just moments, international freight brokers can now protect their...

https://theloadstar.com/transship-integrates-loadsure-digital-cargo-insurance-for-comprehensive-automated-freight-forwarding-offering/

$28bn invested in freight start-ups since 2015 – most in last-mile and B2C

Venture capital funding into the logistics industry has amounted to nearly $28bn since 2015, research from McKinsey shows.
And although US digital freight forwarder Flexport has taken many of the headlines during this period, it is actually the last-mile and B2C logistics sectors that have received the overwhelming proportion of that finance.
Ocean and air freight platforms – in which McKinsey classes Flexport – follow far behind.
And, somewhat surprisingly, given the focus …

The post $28bn...

https://theloadstar.com/28bn-invested-in-freight-start-ups-since-2015-most-in-last-mile-and-b2c/

Forwarders and 3PLs need to prepare for the rise of the ‘Cyber 4PL’

As global manufacturing, and the supply chains that support it, continue to be transformed by new technology, a leading logistics analyst has warned that established freight service providers may be left behind.
Ken Lyon, advisory board member at consultancy Transport Intelligence, was speculating in a position paper this week on the emergence of a new breed of “Cyber 4PLs” in the supply chain.
He argues that, due to their size and traditional …

The post Forwarders and 3PLs need to prepare for...

https://theloadstar.com/forwarders-and-3pls-need-to-prepare-for-the-rise-of-the-cyber-4pl/

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