Logistics Technology News

Crowley has invested in REPOWR, a logistics-technology start-up, bringing a technology platform for equipment and asset usage and sharing to the supply chain industry.The platform enables companies to seamlessly share logistics equipment, increasing performance while reducing the environmental impact of ownership. Through the partnership, the companies will advance sustainable solutions for supply chain management for a wider market.REPOWR has developed the collaborative asset-sharing platform to connect logistics companies with more data and analytics to reduce underutilized assets.

Norwegian/Swedish RoRo shipping company Wallenius Wilhelmsen on Monday named Lasse Kristoffersen as its CEO. Kristoffersen will start in his new role no later than June 1, 2022, the company said.Rune Bjerke, Chair of the Board:"We are very pleased to welcome Lasse Kristoffersen to Wallenius Wilhelmsen. With his background and experience, we are confident that he, together with our experienced team, will continue to strengthen the company’s competitive advantage, for the benefit of our customers…

Jones Capital said it has acquired Rockport Terminals, one of the largest private intermodal terminals on the Texas Gulf Coast.Rockport Terminals is located within 28 miles of the fast growing Port of Corpus Christi, but outside of the Port's tariff zone. With more than 250 acres of industrial land, Rockport Terminals boasts access to the Intracoastal Waterway, nearby railways and many major highways. Today, the terminal specializes in bulk liquids storage, bulk and break bulk…

The $1 trillion container shipping industry is in a slowdown. Literally.Some shipping lines, whose retail customers are being hammered by the coronavirus pandemic, are reducing sailing speeds and taking longer routes around Africa, avoiding Suez canal passage fees, according to the companies and ship-tracking specialists.Many are also cutting down the number of voyages and providing short-term storage for clients as the industry, which includes heavyweights like Maersk, MSC and Hapag-Lloyd…

Singapore-headquartered port operator PSA International Pte Ltd has set up a corporate venture capital arm, PSA unboXed, with an initial fund size of S$20 million ($14.66 million) to invest in startups. PSA said it would seek to invest in companies developing logistics solutions, including robotics and automation in container and cargo handling operations. "Through PSA unboXed, we want to encourage creative ideas that can improve and revamp logistics technology, increase port productivity and enhance the integration, security and performance across the constituents of global supply chain logistics," Group Chief Executive Tan Chong Meng said in a statement. PSA counts itself among the world's largest port groups, with involvement in around 40 terminals in 16 countries.

PSA International Pte Ltd today announced the inception of PSA unboXed Pte Ltd (PSA unboXed), its new corporate venture capital arm with an initial fund size of S$20 million. Through its incubator program, PSA unboXed seeks to invest in and nurture start-ups that are keen to create innovative logistics solutions fusing information and communications technology including IoT (Internet of Things), cloud, data analytics, AI (Artificial Intelligence) and optimisation, as well as engineering solutions including robotics and automation in container and cargo handling operations, and transaction solutions for the maritime trade and finance ecosystems. Mr Tan Chong Meng, Group CEO of PSA International, said, "The port is one of most important points of convergence in global supply chains.

Press Release - Giving produce exporters a better way to maintain the quality of perishables in transit, Hamburg Süd, one of the top refrigerated container carriers worldwide, recently added 400 refrigerated containers equipped with Carrier Transicold’s XtendFRESH atmosphere control system. Carrier Transicold is a part of UTC Building & Industrial Systems, a unit of United Technologies Corp. To slow ripening and help preserve produce quality, the XtendFRESH system actively manages oxygen and carbon dioxide levels within refrigerated containers and removes ethylene.

Provider of transportation management services & logistics technology, Transplace, says it has wrapped up its recent 12th annual 'Shipper Symposium' in Dallas. Former President of Mexico Vicente Fox and other leading supply chain and economic visionaries addressed current supply chain and economic issues, including NAFTA in its 20th year, capacity constraints and regulatory changes that have a worldwide effect on the transportation of goods. Supply Chain Economics: Effects on the World – Economist Paul Bingham addressed shifting overseas sourcing trends and changes in the global economic and trade landscape. During his presentation, Bingham examined a variety of factors that are affecting the market…

In his speech at the PowerLogistics Asia 2013 conference this October, Per Thörnblom, Group Project Logistics Manager for the GAC Group will outline the key advantage that dedicated software brings to the planning of heavy lift projects, and how the smart application of technology facilitates the engineering of detailed solutions to ensure timely, safe and on-budget execution. Computer Aided Drawing (CAD) is emerging as a vital element in planning how to load and store complex shipments. Lashing calculations identify the best way to secure cargo on a vessel.

Descartes Signs Definitive Agreement to Acquire Integrated Export Systems Business; Adds a Robust Freight Forwarder and Customs Broker Community Specializing in Processing Shipments Originating in Asia. Descartes Systems Group, the global leader in uniting logistics-intensive businesses in commerce, has signed a definitive agreement to acquire substantially all of the assets of Integrated Export Systems, Ltd. and IES Asia Limited (collectively referred to as "IES") for approximately US$35 million in cash. IES provides software-as-a-service solutions that help freight forwarders, non-vessel operating common carriers (NVOCCs), and customs brokers manage their businesses and improve profitability.

Infodis provides a rich, functional transportation management network-based solution that handles specific European logistics requirements. The solution manages both inbound and outbound purchased transportation for more than 5 million shipments per year to and from Europe, with particular strength in Europe/Asia Pacific shipping. "Logistics is a global business where local considerations play a key role in the efficiency of logistics operations," said Edward Ryan, Chief Commercial Officer at Descartes. Through the acquisition, more than 200 carriers in Europe and Asia, and some of the world's leading high-tech companies, will be connected to Descartes' Logistics Technology Platform, where more than 35,000 trading partners connect and collaborate to improve logistics operations.

Descartes Systems Group (TSX:DSG) (Nasdaq:DSGX), the global leader in uniting logistics-intensive businesses in commerce, acquired Infodis B.V., a Netherlands-based provider of software-as-a-service (SaaS) transportation management solutions. Infodis provides a rich, functional transportation management network-based solution that handles specific European logistics requirements. The solution manages both inbound and outbound purchased transportation for more than 5 million shipments per year to and from Europe, with particular strength in Europe/Asia Pacific shipping. "Logistics is a global business where local considerations play a key role in the efficiency of logistics operations," said Edward Ryan, Chief Commercial Officer at Descartes.

“Last summer, we acquired several companies specializing in geospatial intelligence, logistics technology, and real-time risk decision-making,” stated Dennis Groseclose, President of TransVoyant. “TransVoyant combines the proven technology and global logistics knowledge of Portal Dynamics and the unique qualities of ObjectFX geospatial and decision-support technology. Founded by a team of government and commercial-industry veterans with deep technology experience and a track record of success in bringing new products to market, TransVoyant helps clients solve their most difficult challenges in global data intelligence environments through visionary and industry-leading solutions.

Global Client Base Increases Ahead of Expectations. CargoWise, a global leader in logistics technology solutions, reports a significant uptick in new customers - well ahead of expectations. Despite the persistent uncertainty reported across global markets, CargoWise continues to exceed growth expectations. Greater license portability and reduced complexity through SaaS based and cloud hosted on demand systems, along with improved on premise systems implementations, have significantly reduced the sales cycle. CargoWise continues to see an increase in its pipeline and high sales success rates supporting higher than expected growth. CargoWise founder and Chief Executive Officer Richard White said: “Unlike other global suppliers in our space…

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Every day, about 17,000 cargo containers enter U.S. ports, yet only one or two percent of them is routinely inspected. Since Sept. 11, government officials and global supply chain experts have been focusing on vulnerabilities and potential solutions to help ensure that weapons of mass destruction are not concealed in international cargo shipments. The formation of a new group of prominent supply chain thought leaders experienced in both the private and public sectors is being announced at the Intelligent Transportation Society of America's annual conference. Organized with assistance from Savi Technology, the Strategic Council on Security Technology is an international assembly of top executives from the world's largest port operators…