Agility signs on to Maersk-IBM blockchain project

Kuwaiti 3PL Agility Logistics has signed on as the first freight forwarder to collaborate with Maersk and IBM on a project that uses blockchain to manage and track container shipments. As the forwarding partner in the project, Agility said it will “identify events associated with individual shipments and to share and receive information about them […]

Maersk, IBM partner on logistics blockchain JV

Following the past summer’s cyberattack that hobbled operations at FedEx’s subsidiary TNT Express, blockchain technology is gaining traction as a promising way to offset security risks. Earlier this week, IBM and seafreight giant Maersk – itself a victim of a 2017 cyberattack – announced plans to extend their existing partnership and create a joint venture […]

Next-generation supply-chain visibility goes live at C.H. Robinson

Recent weather disruptions across the southern United States and the Caribbean region have underscored the importance of informed supply-chain visibility. Today’s launch of Navisphere Vision, by logistic firm C.H. Robinson, is the latest generation of data-informed management tools, providing comprehensive supply chain insights and warnings for disruptions from weather, traffic or current events, as well […]

That Sinking Feeling: Keeping shippers from running back to seafreight

With any broken relationship – whether it’s a romantic tryst or a freight consignment – there’s always the danger of the “rebound effect.” “Unrewarding rebound relationships can actually lead people to feel more attached to their ex-partners, rather than less,” warned Samantha Joel, assistant professor at the University of Utah Psychology Department. With time, she […]

New Kids on the Blockchain: Effect on perishables market

Trust innovation or perish One of the more obvious types of cargo to be helped by blockchain will be temperature-sensitive cargo, such as food, flowers and pharmaceuticals, which must be kept at an optimal cool-chain degree range while traveling through some of the hottest and coldest places on earth. Tracy Kuhrt, a community architect at […]

5 ways blockchain can be used to enhance the supply chain

Born from the obscure “bitcoin” universe as a foolproof method to keep track of transactions, and now gaining popularity in the banking and finance world, blockchain is emerging in the logistics arena. This once-little-known technology may be a potential solution to the problem of providing transparency in the supply chain while still keeping shippers’ and […]

Damco shows profit in second quarter

Freight forwarder Damco, a division of the Maersk Group, had a net operating profit of US$7 million in the second quarter of 2015, the first quarterly profit the company has seen since 2013. Total revenue, year-to-date, was $655 million, a 17 percent decrease from the same period in 2014. The net loss for the company […]

Infor buys GT Nexus, seeks supply chain clarity

Business software company Infor has agreed to acquire GT Nexus, a cloud-based supply chain platform, for US$675 million. The deal is expected to close within 45 days, pending regulatory approval. Both companies are based in the United States – Infor in New York and GT Nexus in California. The marriage between these two companies, they […]