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InstaFreight solves road freight visibility issues through digitalization – FreightWaves – Vishnu Rajamanickam, Staff Writer

 InstaFreight solves road freight visibility issues through digitalization (Photo: Shutterstock) Much like the road freight industry in the U.S., its European counterpart suffers from similar issues with fragmentation and low visibility into logistics operations, brought about by the lack of digitalization across large swathes of the market. Through its customs regulations, the European Union has […]

Nigerian digital freight marketplace Kobo360 raises $20 million – FreightWaves – Vishnu Rajamanickam, Staff Writer

Nigerian digital freight marketplace startup Kobo360 raised $20 million in a Series A funding round led by Goldman Sachs while pocketing another $10 million in working capital financing from Nigerian commercial banks. Kobo360 is one of the most recognized FreightTech players in Africa, revolutionizing a cacophonic market riddled with several inconsistencies.  Kobo360 began its journey […]

Lori is driving visibility and transparency in emerging markets’ chaotic logistics systems – FreightWaves – Vishnu Rajamanickam, Staff Writer

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 […]

SoftBank’s Vision Fund Leads $1 Billion Funding Round for Shipping Broker Flexport – WSJ – By Erica E. Phillips

ByErica E. Phillips SoftBank Group Corp.’s Vision Fund is diving into the global freight business, leading a new $1 billion round of funding in Flexport Inc., a six-year-old international shipping broker built by Silicon Valley technology developers. Based in San Francisco, Flexport arranges ocean- and airfreight shipments for retailers and manufacturers—a $2 trillion global business […]

Maersk CEO: Q3 started with solid volumes as tariff tiffs not yet an issue – Freightwaves – Michael Angell, Bulk and Intermodal Editor

The Maersk McKinney Moller, the first of Maerk’s Triple-E class of mega-ships. But ocean shipping struggles with flat rates, over-capacity and higher fuel costs. Maersk saw its quarterly profit weaken year-on-year  as freight rates remain stagnant and fuel prices rise. In response, the world’s largest container line plans to reduce capacity over the next 12 […]

Blockchain without cryptocurrencies? – FreightWaves – John Paul Hampstead

( Photo: Wikimedia Commons ) The biggest barrier to blockchain’s adoption by enterprise on an industry-wide scale is a set of misconceptions about what exactly blockchain is and its relationship to cryptocurrencies like Bitcoin and Ethereum. Most people who are aware of blockchain learned about it because of the media’s fascination with Bitcoin, the volatile […]

Go99 breaks the revenue barrier, eyes U.S. expansion – FreightWaves – Vishnu Rajamanickam, Staff Writer

Go99 hopes to expand its freight matching platform to include U.S. states on the West Coast. Go99, a digital freight-matching marketplace based out of Vancouver, Canada, has achieved a major milestone of reaching over $1 million in revenue and 1,500 users registered in third quarter, it announced. It is now planning to scale with its […]

REPORT RELEASED ANALYZING BLOCKCHAIN IN SUPPLY CHAIN – Alex Batty, MHI Marketing Communications Coordinator |@mhi_alex

Earlier this year, I set about trying to figure out what the heck blockchain actually was and why everyone was talking about it. Because it’s not going away. And apparently Morgan Stanley agrees. In a recently released report titled “Blockchain in Freight Transportation: Early Days Yet but Worth the Hype”, the research foundation discusses the idea that blockchain […]

Freight matching software uShip lands $25M investment – Aaron Huff

uShip, an online shipping marketplace and freight automation software provider, announced the close of a $25 million Series D round of funding led by DB Schenker, one of the world’s largest logistics companies and an existing uShip partner. DB Schenker’s funding comes on the heels of unprecedented investment in logistics and supply chain technology. Since 2015, […]

Uber Freight: Another “uber-for-Trucking”?

“Sometimes you’ll be out on the highway, you see two giant trucks loaded up with logs, and they pass each other on the highway… I don’t understand that. I mean, if they need logs over there… and they need ‘em over there, you’d think a phone call would save ‘em a whole lot of trouble.” […]