Freight procurement specialist Transporeon has added a freight matching component to its product suite to help brokers tender spot freight to carriers already in their network.
Transporeon has acquired ocean visibility provider Logit One, another bit of consolidation in a cargo visibility market that has already seen project44 and FourKites collectively roll up three competitors.
European transportation technology heavyweight Transporeon has acquired freight procurement automation specialist TNX Logistics in a bid to amp up its customers’ spot buying prowess.
Older logistics outsourcing models are being replaced by collaboration among multiple partners on specific, high-priority projects as technology advances.
Fast-rising operating expenses for Europe’s road freight industry have overpowered the traditional supply-demand effect with an increase in both capacity and rates.
Rising transportation costs, the driver shortage, and accompanying rail and barge congestion have created challenging times for Europe’s shippers, to say the least. And then there’s the Brexit summit in two weeks.
Private equity firm Transplace management to buy company as shippers increasingly demand not just technology, but also realizing the value of that technology.