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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 …

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DHL Supply Chain adds Convoy integration for truck capacity, pricing Aaron Huff| CCJ – @AaronHuffCCJ

DHL Supply Chain, the largest contract logistics provider in North America and part of the Deutsche Post DHL Group, announced new developments in its transportation digitization strategy. DHL Supply Chain is the largest and most diverse division of DHL with more than 2,000 warehouses in operations for customers as a third-party logistics provider (3pl). In …

DHL Supply Chain adds Convoy integration for truck capacity, pricing Aaron Huff| CCJ – @AaronHuffCCJ Read More »

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 …

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

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 …

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

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 …

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

Why Road Freight Needs to Go Digital—Fast

Road freight incumbents may not like it, but disruption from digital challengers is on their doorstep. Having transformed consumer-oriented industries such as retail, entertainment, and travel, digital startups are beginning to make inroads in commercial-oriented industries. Road freight, which is highly fragmented and dominated by manual processes, is seen by digital challengers as overdue for …

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