project44 sets funding record for Logistics Tech enterprise SaaS companies with latest investment

project44 receives $420 million investment led by Thoma Bravo, TPG and Goldman Sachs valuing business at $2.2 billion pre-money With $100+ million in ARR, 1,000+ team members, 1,000+ customers, 1+ … Read more..

Average Transit time from China to New York outperforms Los Angeles/Long Beach transits

press release - shipping and freight resource

As many container vessels continue to loiter across Southern California and farther, waiting for berths at the ports of Los Angeles and Long Beach — the focal points of the … Read more..

Export container dwell times soar at main ports globally as berthing delays bite

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Export containers are building up not just in the ports of LA/LB but at many major ports globally Dozens of ships are slow steaming way off the coast of Southern California and 37 container ships are … Read more..

IMO moves ahead on GHG emissions, Black Carbon and marine litter

The International Maritime Organization (IMO) in view of the urgency for all sectors to accelerate their efforts to reduce GHG emissions as emphasized in the recent IPCC reports 1 and … Read more..

Federal Trade Commission wants to know causes of empty shelves and sky-high prices – launches inquiry into supply chain disruptions

federal trade commission - empty shelves - supply chain disruptions inquiry - shipping and freight resource

The Federal Trade Commission (FTC) is the latest entrant to enter the fray to try and identify the issues surrounding the massive supply chain disruptions faced by the US market and … Read more..

Consumers will have to wait an additional 17 days for delivery in November, as congestion drags on  

dwell time delay - shipping and freight resource

Suffern, NY, November 23, 2021 — Digital freight forwarder Shifl is warning businesses that supply chain delays are far from over. Long transit times, berthing delays, and dwell time inside … Read more..

ZIM Line records highest ever quarterly net income of $1.46 Billion in Q3 of 2021

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HAIFA, Israel, Nov. 17, 2021 — ZIM Integrated Shipping Services Ltd. (NYSE: ZIM), a global container liner shipping company, announced today its consolidated results for the three and nine months ended September … Read more..

DCSA Publishes Complete Framework of Just-in-Time Standards for Main Port Call Activities

dcsa data standards - just in time - port call interface - shipping and freight resource

Latest release of DCSA’s Just-in-Time Port Call Programme provides interface standards and API definitions for all 50 port call event timestamps. This might also be something that can assist with … Read more..

CMA CGM and ENGIE strike a strategic and industrial partnership for decarbonization

Press Release on Shipping and Freight Resource

The CMA CGM Group, a world leader in shipping and logistics, and ENGIE, global player in the field of renewables and energy solutions, have committed to working together to advance … Read more..

Container spot rate relief continues for customers in November

China - US East Coast Rates Nov 2021 - Shifl - Shipping and Freight Resource

The relief that some of the shippers had from the drop in China-US container spot rate market in the first week of October 2021 seems to be continuing into November … Read more..

Zim becomes the latest shipping line to enter the freight forwarding market

Press Release on Shipping and Freight Resource

ZIM Integrated Shipping Services Ltd. becomes the latest shipping line to enter the freight forwarding market following their announcement today of the creation of a new subsidiary, Ship4wd, a digital … Read more..

FINTECH attracts senior talents as investment ramps up in Asian Trade Finance centre

Leading hyper growth FINTECH in trade and supply chain finance #dltledgers has appointed Sanjeev Chatrath as their new Chief Revenue Officer with over 25 years of experience in Financial Services, … Read more..

project44 Buys Last-Mile Delivery and Customer Experience Leader, Convey, in $255M Acquisition

News - Shipping and Freight Resource

project44, the global leader in real-time supply chain visibility, today announced that it has acquired Austin-based Convey, the last-mile technology leader that powers exceptional direct-to-consumer delivery experiences for more than … Read more..