Cloud platform Orderful announced Friday it has recently closed a $19 million Series B funding round led by GLP Capital Partners with participation from Andreessen Horowitz and Initialized Capital to help all supply chain actors gain visibility into their networks through electronic data interchange (EDI).
“While the front end of commerce has seen significant innovation over the past decade, much of the back end of the supply chain is built on disparate systems and manual processes. We see...
Historically, large shippers have outperformed small and midsize shippers in terms of technological advancement and digital offerings due to their long-standing partnerships with legacy tech companies. As more technology providers enter the logistics space, however, these same types of technology have become available to shippers of all sizes. While access to high-tech solutions will certainly help even the playing field between shippers, this onslaught of new entrants has not entirely...
https://www.freightwaves.com/news/disparate-solutions-lead-to-inefficiencies-in-e-commerce-era
This fireside chat recap is from Day 1 of FreightWaves LIVE @HOME.
FIRESIDE CHAT TOPIC: LPaaS as the future of FreightTech
DETAILS: FreightWaves’ President, George Abernathy, and Mark Yeager chat about the future of FreightTech and how Logistics Programming as a Service (LPaaS) can help shippers overcome integration challenges.
SPEAKER: Yeager is the CEO at Redwood Logistics.
BIO: Yeager has more than 25 years of experience in transportation and logistics. In addition to working as Redwood’s CEO,...
https://www.freightwaves.com/news/freightwaves-live-recap-is-lpaas-the-future-of-freighttech
Law and order in time of crisis: Keeping Europe afloat
Wednesday 5 May 2021 – Vol.12 Ed.18.2
Commentary: ECB asset purchases dilute European rule of law
By Thomas Mayer in Frankfurt
Political expediency is diluting the rule of law in the European Union’s monetary and fiscal policy. This may help financial markets in the shorter term, but the long-term consequences will be grim. By signalling to bond traders that it will buy newly issued government bonds in the secondary market in its purchase...
https://allaboutshipping.co.uk/2021/05/05/law-and-order-in-time-of-crisis-keeping-europe-afloat/
Loadsmart, a Chicago-based digital freight brokerage, reported in February 208% year-over-year revenue growth, propelled by its direct integrations with large shippers seeking new capacity.
At the end of 2020, the company added transportation modes, including less-than-truckload, rail and partial, as part of its growth strategy to serve both shippers and carriers.
On Wednesday, Loadsmart announced the continuation of this strategy with the addition of flatbed capacity to its dynamic pricing and...
https://www.freightwaves.com/news/loadsmart-continues-growth-strategy-with-flatbed-offering
German container shipping company Hamburg Süd, part of Maersk Line, has appointed new chief […] The post New CEO to lead next phase of Hamburg Süd’s integration appeared first on…
https://www.offshore-energy.biz/new-ceo-to-lead-next-phase-of-hamburg-suds-integration/
Northstar Marine Inc., Clermont, N.J., has finalized the integration of River Services (wholly owned by Northstar Marine, Inc.), a Philadelphia based marine service provider. River Services is now a new division of Northstar and will operate as Northstar River Services.
River Services was founded in 2013 to provide professional marine services in and around the port of Philadelphia which includes launch, crewboat, and tug and barge operations.
Phillip Risko, is the president and CEO of Northstar...
Hyundai Heavy Industries (HHI), the biggest shipbuilder in South Korea, has decided to integrate its shipbuilding and offshore business divisions and scale back the organisation by about 20 per…
Attica Group consolidates for the first time Hellenic Seaways in the financial statements for the period 1.6.2018-31.12.2018. Key figures in million € +34,56% Revenue consolidated 365.4 (271.54) -4.28% EBITDA 57 (59.55) ++ Income after tax and minority interests 17.11 (1.25) · The total debt of the...
Unfortunately in Greek, this article gives some insight into the recent discussions about the possible sale from Attica to Fortress. Some highlights: Any discussions about the future sale of Attica Group have been frozen for the time being and are expected to restart in the first quarter of 2019....