Receive FREE Newsletter
Advanced Search
+

News / A focus on price, not value, causes freight rate portals and 'digital forwarders' to struggle

price value © Olivier Le Moal |
© Olivier Le Moal
By

At some point San Francisco-based Shyp claimed a valuation of $250m; at the end of March the portal that had started out offering a simple worldwide shipping solution to small merchants ended its four-year run and shut down its operations. Efforts to stem its losses ...

To read this article you need to subscribe.

Help us to continue to invest in award-winning independent journalism. For an introductory offer of just £70 a year, or £10 per month, get access to all our daily news stories and opinion. If you are already a registered user, please login below with your current account's email and password to subscribe. If you are not registered and want to subscribe, please register below to subscribe.
Current subscriber
New subscriber

Comment on this article

You must be logged in to post a comment.

  • Gary Ferrulli

    April 10, 2018 at 3:50 pm

    The technology companies who boast of “valued at” numbers are mostly hype – not all of course, but here is perfect example. Good press releases which most press just accepts and publishes, year later, another one, just like this.
    Technology is extremely important, but like other industries, far too many players all chasing the same gold ring. Not all can grab it.

Related Stories

Topics

ABS Air Canada Digital freight forwarder Digital revolution Freight portals online booking platform Rutherford Global Logistics Shyp