international freight forwarding

Accelerated Global Solutions buys share of Malaysian logistics firm KGW

Freight forwarder Accelerated Global Solutions, which was acquired in November by startup parcel delivery service SpeedX, said Monday it has taken a 15% stake in Malaysia-based KGW Logistics. The transaction is part of owner Chris Zheng’s ambitious plan to develop within 18 months a $1 billion company capable of managing customers’ entire logistics process from origin to destination. 

The KGW investment expands Accelerated Global Solutions’ footprint in Asia and bolsters its trans-Pacific ocean...

https://www.freightwaves.com/news/accelerated-global-solutions-buys-share-of-malaysian-logistics-firm-kgw

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

Expeditors outlines severity of cyberattack, partially resumes operations

Close up Expeditors brand name on building.

Expeditors International, a top-five freight management company by revenue, disclosed Wednesday that last month’s cyberattack will have a “material adverse impact” on finances and that it will be late filing its 2021 annual report because of difficulty accessing information on its accounting systems.

In a separate notice to the Securities and Exchange Commission, the logistics provider said it is making progress returning to normal operations but is unable to estimate when it will resume full...

https://www.freightwaves.com/news/expeditors-outlines-severity-of-cyberattack-partially-resumes-operations

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

Flexport to open platform for third-party app developers

A Flexport product engineer at his workstation.

James Chen, the chief technology officer (CTO) at Flexport, has a grand vision for global trade technology – Amazon-like ETA prediction and an open ecosystem of new tools built in a layer on top of Flexport’s data.

Flexport, the digital freight forwarder founded in San Francisco in 2013, has double-downed on its technology investments over the past year and says that the COVID-19 pandemic has deepened the company’s commitment to its long-term tech vision.

Chen spoke with FreightWaves about what...

https://www.freightwaves.com/news/flexport-to-open-platform-for-third-party-app-developers