Freight Forwarding

CMA GGM said that the objective of this deal is to “grow its presence in the logistics sector, which is closely related to shipping.” And it added that the closing of this deal is subject to the completion of CEVA’s planned IPO on the SIX Swiss Exchange, which was announced on April 20, in addition to approval from regulatory authorities.

Logistics Trends & Insights LLC, an Atlanta, Georgia-based consultancy, is conducting its third “Evolving Freight Forwarding Survey," and invites LM readers to participate.

Mergers and acquisitions activities for ocean cargo carriers are likely to slow down in 2018, say industry analyts, as trend is likely to “pivot” to freight forwarders.

San Francisco-based Flexport announced late last week that it has closed a $110 million Series C funding round led by DST Global, and joined by existing investors including Founders Fund and Susa Ventures.

The global freight forwarding market has grown by 2.7% in real terms since this time last year, but owing to a continuation of excess capacity issues and lower average oil prices, rates continue to fall in both air and sea freight. Forwarders now need to ramp up the value-add visibility services in an effort to boost revenues and keep shippers smiling.

Logistics industry analysts report that the global freight forwarding market has grown by 2.7% in real terms this past year, an annual jump of 2.1% led by the back of higher air and sea volume growth.

While a bevy of high-tech outfits have threatened to disrupt the current freight forwarding marketplace with its their digitized offerings, older established players are hardly standing still as far as innovation is concerned.

As the digitization of freight forwarding is widely viewed as an ongoing process, a report issued this week by Freightos, a SaaS-enabled logistics technology provider focused on instant freight quotes for freight forwarders and shippers, highlights how the ongoing road towards digitization and will change customer service differentiation.

While a bevy of high-tech outfits have threatened to disrupt the current freight forwarding marketplace with their digitized offerings, established players are hardly standing still as far as innovation is concerned.

Starting this month, “Twill” will be openly available to shippers in the UK market, and later to shippers worldwide.

New Drewry report highlights ‘wide and varied threats and opportunities’ as innovative online platforms alter the way companies buy international shipping services.

In an increasingly interconnected world, where trade is a core component of economic activity, creating a more seamless global supply chain is now vital. A new generation of tech-savvy freight forwarders may be creating just the right amount of disruption the industry needs to improve synchronization. Freight forwarders optimization

While speculation and uncertainty abounds, freight transportation and logistics industry leaders contend that it’s important for all involved to keep a cool head and begin planning for the new phase after the U.K. leaves the EU.

With the advent of Cloud-based instant quotation and booking systems, some shippers may begin to question the utility of traditional freight forwarders. Indeed, there is potential to see an industry-wide decoupling between these “data-unified” freight forwarders and the less profitable “data-fragmented” players.

In this special edition, the editors of Logistics Management focus on the elements forcing the current shift in the shipper/carrier dynamic and how one carrier in particular, Saia LTL Freight, has taken a 21st century approach to re-engineer its customer communications to build more open, collaborative relationships with the shipper community. Less than Truckload Services Article, Freight Forwarders and Shipping Dynamics