Blockchain startup tackles shipping contracts, monetizing excess capacity

supplychaindive | August 03, 2017

A shipping industry startup, 300cubits, intends to use blockchain technology to address an ongoing pain point for the ocean freight industry: overbooking by carriers and shipper no-shows, American Shipper reported Tuesday. Using Ethereum a public, blockchain-based computing platform 300cubits would "tokenize" transactions online, calling each token "TEUs." The startup plans to kickstart the use of tokens by dispensing numerous tokens on Aug. 16 to container lines, shippers, and early adopters.

Spotlight

Logistics can be referred to as the backbone for the success of any business. And logistics management plays an important role in an organization for meeting the consumer demands by planning, control, and implementation for effective and efficient movement and storage of the goods from their point of origin to their destination. We divided the various important aspects of logistics, namely transportation, fleet management, warehouse, and inventory, and by optimizing them we are optimizing logistics as a whole using our integrated smart solution.

Spotlight

Logistics can be referred to as the backbone for the success of any business. And logistics management plays an important role in an organization for meeting the consumer demands by planning, control, and implementation for effective and efficient movement and storage of the goods from their point of origin to their destination. We divided the various important aspects of logistics, namely transportation, fleet management, warehouse, and inventory, and by optimizing them we are optimizing logistics as a whole using our integrated smart solution.

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FREIGHT, TRANSPORTATION

Transfix Integrates with e2open Transportation Management System to Offer Shippers Real-Time and Spot Market Rates

Transfix, Inc | September 01, 2022

Transfix, Inc. ("Transfix"), the Intelligent Freight Platform™, announced new API connectivity with e2open's global multi-modal Transportation Management System (TMS), providing shippers with easy automated access to dynamic market rates and capacity. Transfix's new integration with e2open, the connected supply chain SaaS platform with the largest multi-enterprise network, will allow shippers on e2open's platform to access Transfix's nationwide network of top-performing full truckload (FTL) carriers for van and reefer equipment types. Shippers will have access to both real-time rating and spot market rates within the e2open TMS via Transfix's Real-Time Rating (RTR) API and the Spot Market API. "Efficiency and reliability are top of mind for our customers, and this partnership helps drive those goals forward These integrations provide access to a reliable carrier network and remove the 'rate guesswork,' allowing shippers to focus on optimizing their operations and business growth." -Tony Tzeng, Chief Product Officer at Transfix. Through the RTR API, shippers gain instant visibility into Transfix pricing; these rates automatically appear in shippers' routing guides without the hassle of maintaining contracted rates or sourcing from the spot market. Shippers can leverage this real-time information to book with confidence and speed up their spot market engagements by reducing the time from quote to tender. The Spot Market API greatly reduces manual processes, increases the response rate to spot loads, and provides reliable pricing for individual shipments. There is a long-standing void at the intersection of capacity, service, and price. The Spot Market API brings confidence and a competitive edge to shippers looking to bring their freight operations into the future, Tzeng added. Transfix's new TMS integration with e2open was built with simplicity in mind, with a setup that involves a fast and easy online process with only a few clicks and requires no IT assistance (no phone calls or emails). Visit Transfix.io to learn more about the full-scale Intelligent Freight Platform™. About Transfix Transfix drives modern supply chain impact at scale with its Intelligent Freight Platform™. By combining enterprise-grade, machine-learning technology with intuitive software and dedicated supply chain experts, Transfix is enabling organizations to deliver with high performance and high reliability, drive long-term strategy and capacity planning, take empty miles off the road, and optimize their networks, at scale. Today, Transfix connects shippers to nearly 30,000 carriers with real-time, many-to-many freight matching and the visibility they need to make their supply chains more efficient and environmentally responsible. Learn more at Transfix.io. About G Squared G Squared is a global venture capital firm that partners with dynamic companies throughout their life cycles as a complete capital solutions provider, working to create value for companies, investors, employees, and other stakeholders. The firm focuses on investments in growth-stage technology companies and has invested in over 100 portfolio companies since it was founded in 2011. The firm's affiliate, G Squared Ascend I Inc. ("G Squared Ascend I"), offers transformative private companies a path to public markets via SPAC. For more information on G Squared and its portfolio, visit: www.gsquared.com. For more information on G Squared Ascend I, visit: www.gsquaredascend.com. About e2open E2open is the connected supply chain software platform that enables the world's largest companies to transform the way they make, move, and sell goods and services. With the broadest cloud-native global platform purpose-built for modern supply chains, e2open connects more than 400,000 manufacturing, logistics, channel, and distribution partners as one multi-enterprise network tracking over 12 billion transactions annually. Our SaaS platform anticipates disruptions and opportunities to help companies improve efficiency, reduce waste, and operate sustainably. Moving as one.™ Learn More: www.e2open.com.

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SOFTWARE AND TECHNOLOGY,FREIGHT

Freight Technologies, Inc. Expands Relationship with Kimberly Clark de Mexico, S.A.B. de C.V.

Freight Technologies, Inc | September 12, 2022

Freight Technologies, Inc. (Nasdaq: FRGT) (“Fr8Tech”), a technology company based on its custom-developed Fr8App platform, which is powered by AI and machine learning, offering a real-time portal for B2B cross-border shipping and domestic shipping within the United States-Mexico-Canada (NAFTA) region, today announces the expansion of its relationship with Kimberly Clark de Mexico, S.A.B. de C.V. (“KCM”) to include the Fr8App platform for cross-border logistics for shipments from Mexico to the United States. As a result of the expansion, Fr8Tech now supports three types of logistics services for KCM. As announced in February 2022, Fr8Tech unveiled KCM as its first customer for its dedicated capacity product, Fr8Fleet. Since then, the arrangement has secured dedicated truck service on the Fr8App Platform for KCM, and KCM has added traditional spot services within domestic Mexico. KCM has again expanded the relationship with Fr8App to include its U.S./Mexico cross-border shipping needs. “Pleased with the level of service and value KCM received from Fr8Fleet and domestic spot services, KCM logistics management chose the Fr8App platform to address their needs for the U.S./Mexico cross-border traffic. As KCM is one of the top consumer product manufacturers in North America, this important development validates Fr8Tech’s platform and services. KCM’s expanding relationship highlights our potential to increase business with existing customers as well as capture more transportation logistics trade from corporations of all sizes.” -Javier Selgas, CEO of Fr8Tech, About Kimberly Clark de Mexico, S.A.B de C.V. Kimberly-Clark de México, S.A.B. de C.V. (KIMBERA.MX) is a leading Mexican company in consumer products for both care and hygiene inside and outside the home. Today, the company has eight plants located in the Mexican Republic, where it employs about 8,000 employees directly. The units of business produce and market more than 20 leading national and international brands, including: Kleenex®, KleenBebé®, Huggies®, Depend®, Kotex®, Kleenex®-Cottonelle®, Pétalo®, Sanitas®, Marli® and Kimlark®, among others. About Freight Technologies Inc. Freight Technologies (Nasdaq: FRGT) (“Fr8Tech”) is a technology company developing solutions to optimize and automate the supply chain process. Its wholly owned subsidiary Freight App, Inc. (“Fr8App”) is a B2B cross-border shipping marketplace in the NAFTA region powered by AI and machine learning. Focused on making shipping transparent and efficient, Fr8App provides carriers with increased growth opportunities and shippers with flexibility, visibility and simplicity for the once-complex process of international over-the-road (OTR) shipping. Fr8App uses its proprietary technology platform to connect carriers and shippers and significantly improve matching and operation efficiency via innovative technologies, such as live pricing and real-time tracking, digital freight marketplace, broker, transportation management, fleet management, and committed capacity solutions. The company is headquartered in Houston, Texas. For more information, please visit fr8technologies.com.

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FREIGHT

Argus launches Carbon Cost of Freight indexes for shipping commodities

Argus | August 17, 2022

Energy and commodities price reporting agency Argus has launched daily Carbon Cost of Freight (CCF) indexes, helping businesses involved in transporting a wide range of commodities with accurate pricing of the emissions from their ships. Offsetting shipping emissions is becoming compulsory under EU legislation passed this summer. The Argus CCF prices give an insight into the cost of emissions generated when moving crude oil, refined products, LPG, coal, iron ore, grains and petroleum coke into or from the EU. They are published as lump sums paid per cargo and as $/t rates, as well as in $/bl for certain crude grades. The European Parliament on 22 June voted to speed up the inclusion of shipping emissions into the EU emissions trading system (ETS). Shipowners will be obligated to hold EU emissions allowances for their emissions on trade routes that include calling at EU ports. The latest proposal states that from 2024, shipowners would have to cover 100pc of their emissions if the voyage is between EU ports. For voyages that start or end in an EU country, it would be 50pc of emissions for 2024-26, increasing to 100pc from 2027. The new legislation means that there will be an additional cost for every tonne or barrel of cargo imported to or exported from the EU, which will have to be accounted for by both shipowners and participants involved in trading the commodities that are being shipped. Argus CCF indexes provide the market with accurate references to manage this exposure. "As the energy transition gains pace, the effect that freight will have on commodity trade will only grow in complexity,So we are delighted to offer Carbon Cost of Freight indexes to the market as a tool for participants to deal with that complexity." -Argus Media chairman and chief executive Adrian Binks Argus CCF indexes are based on the type and amount of fuel consumed on each voyage, using assumptions about vessels specifications, speed and fuel consumption, both while at sea and during port operations. All assumptions are the product of an extensive market survey and are reviewed regularly. The CO2 price component is the Argus assessment of the December-delivery EU ETS allowance price, converted to $/t. The new indexes are part of the daily Argus Freight service. About Argus Media Argus is an independent media organisation with 1,200 staff. It is headquartered in London and has 27 offices in the world's principal commodity trading and production centres. Argus produces price assessments and analysis of international energy and other commodity markets and offers bespoke consulting services and industry-leading conferences. Companies in 140 countries around the world use Argus data to index physical trade and as benchmarks in financial derivative markets as well as for analysis and planning purposes.Argus was founded in 1970 and is a privately held UK-registered company. It is owned by employee shareholders, global growth equity firm General Atlantic and Hg, the specialist software and technology services investor.

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