While the U.S. spends about 7.5 percent of its GDP on logistics and transportation, many emerging market economies spend much more on this sector. Because of this cost structure, goods from emerging markets are often uncompetitive on the global markets and unaffordable in their local markets. Lori, a Kenya-based e-logistics startup, is looking to drive […]
NYSHEX looks to bring in other trade lanes to its platform while Freightos sees ocean shipping outmatching other modes in digital drive. NYSHEX, the digital ocean freight platform, wants to expand its market reach into China after last year’s launch of its U.S. service offerings. The four-year old company is looking to add container booking
This morning Lior Ron, Head of Uber Freight, wrote in a blog post that the digital brokerage will expand its operations into Europe. The Netherlands is the first European market Uber Freight will enter, Ron wrote, and carriers will be able to book their first loads with Uber Freight in April. This announcement marks Uber
Kargo Technologies, an Indonesia-based logistics startup, has raised $7.6 million in its seed round of funding, led by Sequoia Capital India. The investment round also saw Uber founder Travis Kalanick’s 10100 Fund join the funding round, along with Patrick Walujo, the co-founder of Northstar Group. Kargo is a digital freight marketplace that plans to connect
There’s an old adage in the tech industry: adapt or die. The same could be said for today’s freight brokerage industry, which is undergoing disruptive change unlike any seen in recent memory. Both scope and speed of change are challenging today’s brokers to effectively adapt, but what is the path to success? What decisions do
Today, the technology of blockchain has gained a firm foothold in the logistics and supply chain industry. Several blockchain pilot programs have been initiated across the ecosystem by companies that are looking to improve transparency and visibility in their supply chains – a sign of healthy cynicism to have front-row seats on the blockchain bandwagon.
The current state of the logistics and freight transportation sectors have shown us, in recent years, when it comes to the myriad things shippers need to do, in order to adapt, survive, and thrive, there is no shortage of tasks that are need to stay on top of things. We all know many of these
XPO Logistics Inc. Faced with a challenging freight business environment and growing e-commerce, XPO Logistics Inc. said it will add two new technology platforms, a cloud-based marketplace in Europe and a labor-productivity tracking system in at least 200 warehouses. The goal is to maximize decision-making, enhance customer options and insert efficiencies into every transaction, using
In the not-so-distant future, matching loads with trucks could be as easy as catching a ride across town with the Uber app. In fact, Uber Freight is among a number of technology companies trying to digitize the entire load matching process. For most transportation companies, however, the road to automation is a work in progress. A sign
Trucker Tools, a provider of shipment visibility, carrier capacity management and predictive freight-matching applications, announced that Leonard’s Express, a Farmington, NY-based transportation services company, has adopted Trucker Tools’ Smart Capacity and Load Track products. Leonard’s Express provides asset- and non-asset-based freight transportation and logistics services with a nationwide network of offices and personnel. “We adopted