Global Supply Chains

Kontainers founder launches Ship Angel, acquires WaySync

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The past few years have seen container shortages, soaring freight rates and unprecedented...

https://www.freightwaves.com/news/kontainers-founder-launches-ship-angel-acquires-waysync

Passport signs on parcel shipping veteran to lead business development

Parcel logistics provider Passport announced Thursday it is gaining leadership experience from two of the largest parcel shipping companies by enlisting Brad Noble to serve as its head of business development.

Passport’s new head of business development, Brad Noble. (Photo: Brad Noble)

“Passport has built everything around being a modern e-commerce provider,” said Noble, who spent three decades in sales and operations roles at the U.S. Postal Service and DHL eCommerce Americas.

“If you look at...

Q&A: CargoX COO sees TradeLens’ failure as learning opportunity

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What does the demise of TradeLens mean for the standardization of supply chain technology?

Ocean...

Ocean visibility provider project44 offers Flex solution for small shippers

Global supply chain visibility provider project44 announced Thursday it is releasing a new ocean container tracking tool intended for shippers and logistics service providers with small-scale needs.

The new solution, Ocean Visibility Flex, is a simplified version of the Chicago-based technology company’s ocean visibility management tool offered to its largest ocean shippers, giving users the ability to track departure, arrival times and current statuses of containers.

“For years we have built and...

Xeneta raises $80M to help shippers ‘rethink’ freight procurement

Xeneta announced Tuesday it has raised $80 million to accelerate development of its freight rate benchmarking and intelligence platform.   

The raise was led by Apax Digital with participation from Lugard Road Capital. Since 2013, Oslo, Norway-based Xeneta has raised over $135 million and says it’s now valued at $265 million.

Co-founder and CEO Patrik Berglund told FreightWaves last year that in order to bring transparency to ocean freight rating systems, Xenata partnered with buyers rather than...

https://www.freightwaves.com/news/xeneta-raises-80m-to-help-shippers-rethink-freight-procurement

Shifl CEO sees GRI practices holding back global shipping from proactive future

In 2021, the three ocean shipping alliances, made up of the top nine largest ocean carriers, earned over $150 billion in profits. 

Fast forward a year, and the landscape has become much more competitive with carriers that find themselves too heavy in a spot market concerned with falling spot rates. Even those protected lightly by higher contract rates still expect a lower demand for their contracted services in 2023.

Related: Cruel summer for container, dry bulk stocks as sun shines on tankers

Alth...

https://www.freightwaves.com/news/shifl-ceo-sees-gri-practices-holding-back-global-shipping-from-proactive-future

Terra Worldwide reaches $1B in trailing revenue amid talk of sale

Terra Worldwide Logistics announced Tuesday that three years after its founding, the supply chain solutions company has eclipsed $1 billion in trailing 12-month revenue.

“Terra is the largest transportation solutions company … that you’ve probably never heard of,” said Jim Briles, founder and chief operating officer, after the company documented triple-digit year-over-year growth since 2019. “Our focus has always been on our customers and solving their needs. That’s what got us here and will...

https://www.freightwaves.com/news/terra-worldwide-reaches-1b-in-trailing-revenue-amid-talk-of-sale

FedEx invests in FourKites to build intelligent supply chain platform

FedEx truck

FedEx Corp. (NYSE: FDX) and Chicago-based supply chain visibility provider FourKites have partnered to build a global supply chain intelligence platform, the companies announced Tuesday. Under the agreement, FedEx has invested an undisclosed amount in FourKites.

The new platform, FourKites X, will aim to help large shippers and logistics providers with features like dynamic planning, real-time visibility, proactive alerts and supply chain optimization insights. FourKites customers will be able...

https://www.freightwaves.com/news/fedex-invests-in-fourkites-to-build-intelligent-supply-chain-platform

Las cadenas de suministro nunca vuelven a la ‘normalidad’ 

container terminal

La sabiduría convencional en este momento es que la mayor parte del mundo ha superado la pandemia (excepto China); por lo tanto, las cadenas de suministro volverán a la “normalidad”. Por desgracia, no es así. El mundo ha cambiado permanentemente y las cadenas de suministro van a tener que enfrentarse a continuos retos durante las próximas décadas. Entre esos retos están:

  • Las cadenas de suministro seguirán bajo la amenaza constante de interrupción durante la próxima década  
  • Las cadenas de...

https://www.freightwaves.com/news/las-cadenas-de-suministro-nunca-vuelven-a-la-normalidad

Prompt COO: Freight forwarders need to go with digital flow

Between port congestion and geopolitical issues, the state of global shipping seems more uncertain than ever, leaving shippers to strategize in unprecedented waters.

In an interview with FreightWaves, Kai Timmermann, the chief operating officer for Prompt, an automation solutions provider for freight forwarders like DSV, Ceva Logistics and Crowley Maritime, describes his outlook on global shipping, the investments that need to be made to fix its operational problems and the solutions currently...

https://www.freightwaves.com/news/prompt-coo-freight-forwarders-need-to-go-with-digital-flow

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