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The freight technology sector, also known as FreightTech, refers to software companies and technologies which assist in supply chain management and the movement of freight. [1] In the five years following 2014, investment in FreightTech companies grew from $118 million to $3 billion per year.
Flexport's software integrates and connects ERP data from various companies involved in a supply chain, which allows them to manage information about cargo and streamline freight processing. [5] As of 2017, it had raised $304M, including $110M in a Series C round .
KSD Software Norway Electronic customs filing software for the EU Norway [50] 2013 Impatex Freight Software Electronic customs filing and freight forwarding software UK [51] 2013 Compudata Supply chain integration and e-invoicing software Switzerland [52] 2014 Computer Management Security information filing services and air cargo management ...
Among the first integrated systems using EDI were Freight Control Systems. One such real-time system was the London Airport Cargo EDP Scheme (LACES) at Heathrow Airport, London, UK, in 1971. Implementing the direct trader input (DTI) method, it allowed forwarding agents to enter information directly into the customs processing system, reducing ...
The idea for Menlo Logistics was developed in the late 1980s. At that time, CF Inc.’s director of marketing, John Williford, presented the idea for the company's creation — an organization that offered warehouse, inventory, and transportation management as well as full integration of supply chain links through customized systems and software — to upper management.
Freightos operates a booking and payments platform for international freight, [1] using a SaaS-Enabled Marketplace model. [2] The platform, which connects airlines, ocean liners, trucking carriers, forwarders, and importers or exporters, facilities over a million annual transactions across 55 carriers.
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