The Global Shipping Business Network, a consortium building a global trade data exchange, has launched products that tether bill of lading information to title transfer and proof of shipment notices.
Investors have backed technology provider Altana AI’s vision of building a map of trade network to underpin solutions for shippers, logistics providers, and customs agencies.
A huge funding round for Utah-based digital customs technology provider Zonos shows that online cross-borders sellers new to international trade struggle to accurately calculate the cost of duties.
Seattle-based FlavorCloud is designed to enable small e-commerce brands to more easily and profitably sell goods to international consumers through discounted parcel rates and automated customs applications.
BluJay Solutions’ new global trade management platform is designed to use automation to assist trade compliance professionals in managing ever-changing global customs regulations and an expected deluge of declarations associated with e-commerce growth.
New York–based new trade compliance automation startup Altana AI has designs on creating a new version of much-maligned trusted trade cargo facilitations programs.
Austin-based software provider E2open, which caters to large global shippers and their logistics providers, is set to be pulled into a special purpose acquisition company, a new financial vehicle to expedite the process of taking companies public.
Venture capital investors have come up with $4 million for TradeLanes, a software provider that helps exporters manage the logistics and compliance elements of trades to increase profit margin per shipment.
The Marseille-based startup technology incubator’s newest cohort features a duo of companies aiming to automate the trade compliance and administrative work done by logistics providers on behalf of shippers.
One of the most prominent global trade management software providers sold for $425 million Monday, a culmination of a series of deals for GTM makers and also the coup de grace in a trio of deals for buyer E2open.
Consolidation in the GTM software space and Maersk's purchase of customs broker Vandergrift are signs shippers want to more closely link logistics and compliance activities.
Integration Point is one of the largest providers of trade compliance software — tools that allow global shippers to manage customs regulations across the world, but also to strategize around the use of free trade zones and other ways to reduce duty exposure.
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'Global trade management' boosts competitive edge