Roambee to address ocean freight visibility with strategic investment from PSA unboXed

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Real-time supply chain visibility provider, Roambee, has announced a strategic investment from and partnership with PSA unboXed. PSA unboXed is the corporate venture arm of PSA International (PSA), a leading global terminal operator with a portfolio comprised of more than 60 deep sea, rail, and inland terminals, as well as affiliated businesses in distriparks, warehouses and marine services in 26 countries.

This strategic investment and partnership will allow Roambee and PSA to co-create a verifiable item-level, multimodal Full Container Load (FCL)/Less than Container Load (LCL) visibility solution and ocean milestone standard backed by first-hand sensor and port operations intelligence. The approach is different from purely crowdsourced carrier, Electronic Logging Devices (ELD), and shipping line Automatic Identification System (AIS) visibility aggregation. This verifiable ocean visibility will fuse the physical and digital aspects of ocean cargo from end to end, including first mile, at port, on vessel, and last mile.

Multimodal transport solutions involving ocean shipping are becoming preferred modes of operation due to larger freight volume capacity, cost-effectiveness, and carbon-efficiency. Major touchpoints of ocean shipments and intermodal transfers are concentrated at ports of transit. Similar to the International Air Transport Association (IATA)’s Cargo IQ for air cargo, Roambee, combined with PSA’s worldwide port operations intelligence and ocean freight expertise, will be able to co-create a visibility-driven milestone standard for ocean cargo in addition to delivering real-time, item-level location and condition for logistics automation.

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