freight forwarding

Freightmate Ai raises $5M, highlights need for flexible freight forwarding tech

Freightmate Ai announced Thursday it has closed a $5 million seed round led by FUSE VC to continue building out its freight forwarding management system after experiencing rapid growth since a pre-seed raise in June.

Bryan Lacaillade, co-founder and CEO, told FreightWaves in an interview the company focused on the evolution of its document automation service Docmate since its last raise, transforming its beta version into a more robust, scalable product that now supports over 25 document types...

https://www.freightwaves.com/news/freightmate-ai-raises-5m-highlights-need-for-flexible-freight-forwarding-tech

Flexport’s global head of ocean freight focuses on helping companies grow

Flexport has tapped Trine Nielsen as the global head of ocean freight.

Nielsen most recently oversaw Flexport’s Europe, Middle East and Africa ocean team as it navigated global challenges such as the Red Sea disruptions.

In her new role, Nielsen will lead Flexport’s strategy for the global ocean division and seek to enhance the company’s partnerships with ocean carriers worldwide. 

“I’m very passionate about solving problems for companies and seeing them become successful,” Trine told FreightWaves...

https://www.freightwaves.com/news/flexports-global-head-of-ocean-freight-focuses-on-helping-companies-grow

Forward Air cuts workforce as it navigates post-merger landscape

The dust continues to settle from numerous layoffs at Forward Air last week, multiple people familiar with the matter told FreightWaves. The sources said the job cuts range from clerical positions to the C-suite and include many sales and technology roles.

A representative for Forward was unable to confirm the total number of positions impacted but acknowledged the layoffs on Monday.

“As part of our previously announced efforts to improve Forward’s performance, we’ve made the difficult decision...

https://www.freightwaves.com/news/forward-air-cuts-workforce-as-it-navigates-post-merger-landscape

White Paper: Embrace the future of logistics with emerging tech

Tired of inefficiencies eating into your profits? Frustrated by customer demand outpacing your capacity? You’re not alone. The supply chain is changing rapidly, and falling behind is a risk no airline or freight forwarder can afford.

The good news? A new era of emerging technologies promises to optimize freight and cargo operations. Using these tools, you can:

  •   Maximize cargo capacity on flights
  •   Improve routing efficiency
  •   Boost on-time performance metrics

But realizing these gains is far...

https://www.freightwaves.com/news/white-paper-embrace-the-future-of-logistics-with-emerging-tech

Was evil afoot in 1970s freight forwarding?

FreightWaves Classics is sponsored by Old Dominion Freight Line — Helping the World Keep Promises. Learn more here.

Every week, FreightWaves explores the archives of American Shipper’s nearly 70-year-old collection of shipping and maritime publications to showcase interesting freight stories of long ago.

This article from the December 1976 issue of American Shipper details a possible oversight by the U.S. government in an ocean trades investigation.

Forwarders remain aloof as probe continues on...

https://www.freightwaves.com/news/was-evil-afoot-in-1970s-freight-forwarding

Brokers, forwarders adjust course as market softens

A decline in freight volumes, geopolitical concerns and cost inflation were top of mind for customs brokers and freight forwarders, according to Descartes’ eighth annual benchmark survey.

Of the 272 participants polled by the supply chain software-as-a-service provider, most noted that while overall freight demand has fallen, shipment sizes have continued to increase, albeit at a slower rate than last year.

Twenty-nine percent said shipments were more than 5% larger than last year while 25% said...

What to look for in a neutral NVOCC

Insights presented by Shipco Transport.

As technological innovations continue to accelerate, increasingly powerful digital solutions have made almost every aspect of the logistics industry’s supply chain businesses more efficient than ever before. 

Many would say this is a good thing for international transportation, a sector where technology and digital solutions power back-end operations, product offerings and powerful combinations of both hardware and software to support the movement of goods.

S...

https://www.freightwaves.com/news/what-to-look-for-in-a-neutral-nvocc

Radiant Logistics completes restatement of financials

Radiant Logistics announced on Monday full quarterly results for the first time since May 2022. The Renton, Washington-based 3PL has been mired in a financial restatement process tied to revenue and expense recognition for in-transit shipments.

The process delayed the financial filing for multiple periods as prior-year results were being reviewed. The company was resolute all along that the net impact from the restatement process would be minimal.

“Why in the world would the company pay its...

Amazon’s Former Logistics Guru Aims to Repeat Growth at Flexport

By Lisa Baertlein LONG BEACH, Calif., Feb 28 (Reuters) – The former Amazon.com Inc executive who oversaw the e-commerce company’s transportation network buildout for its sellers, now aims to do the same for rival shipping customers as chief executive of logistics startup Flexport. “I wanted to … do it again for everyone else,” said Dave Clark, the former Amazon executive who will become Flexport CEO on March 1 after spending six months as co-CEO. Getting big is the key to success, Clark said at...

https://gcaptain.com/amazons-former-logistics-guru-aims-to-repeat-growth-at-flexport/

Check Call: Importing and exporting not always same thing

Welcome to Check Call, our corner of the internet for all things 3PL, freight broker and supply chain. Check Call the podcast comes out every Tuesday at 12:30 p.m. EST. Catch up on previous episodes here. If this was forwarded to you, sign up for Check Call the newsletter here.

Inside this edition: Showdown between freight forwarders and customs brokers; FMCSA’s new regulations; and shiny new purchases for Overhaul and DHL. 

TENOR

Customs brokers vs. freight forwarders. Often these words are...

https://www.freightwaves.com/news/check-call-importing-and-exporting-not-always-same-thing

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