Project44 gains $80 million in latest funding round
Firm says it is on “glide path to profitability” as it enlists more paying customers for its visibility data for shippers and logistics service providers.
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Looming railroad strike threatens supply chains
Logistics pros say congestion, delays, and rate increases are on the way if labor talks fail to avert a shutdown ahead of Friday’s union strike deadline.
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Trade shifts east as West Coast port negotiations continue
Fearing a strike or slowdown at West Coast ports, importers are diverting cargo to ports along the East and Gulf Coasts as dockworker contract talks continue.
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Port congestion, rail capacity continue to hamper trade
Reports point to East Coast vessel backups, warn of rail capacity affecting flow at West Coast ports.
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China’s Shanghai covid lockdown gives ocean carriers a chance to unwind delays
But Project44 says those gains are threatened by variables like Russia-Ukraine conflict, soaring interest rates, and West Coast contract negotiation.
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Vessel traffic near Russian ports down 54%
Disruptions to sailing schedules will cause global supply chain delays in the months ahead, tech vendor data show.
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Logistics pros warn of business impact from Russia-Ukraine war
Higher transportation prices, more delays and disruptions, on the way as war strikes another blow to global supply chains.
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Project44 launches Supply Chain Crisis Tracker
Online resource is monitoring transportation impact of Freedom Convoy protests, Russia-Ukraine tensions.
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Shippers wary of container shortages as China nears Lunar New Year holiday
Already strained by strict covid closures, maritime cargo faces new hurdles with Chinese New Year, Beijing Olympics, electric power shortages.
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Project44 raises $420 million in new funding for supply chain visibility tools
Backing will help firm to solve challenges ranging from inflationary pressure and lockdowns to unpredictable weather and bottlenecks at ports, CEO says.
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