Afternoon Coffee: Hurricanes Send Freight Costs Soaring, Maersk Partners to Bring Blockchain to Maritime Insurance

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The aftermath of Hurricane Harvey and the impending landfall of Hurricane Irma have sent trucking costs soaring and strained capacity in the Gulf of Mexico, the Wall Street Journal reports. The cost of hiring a tractor-trailer to move freight from Dallas to Houston was an average 66% more in the week ended Sept. 2 compared with the previous week, according to online load board DAT Solutions LLC.

Blockchain at Sea

EY said Wednesday it plans to launch with Maersk and Microsoft the first blockchain platform for marine insurance, according to CNBC. The technology will be used to capture information about shipments, risk and liability, and to help firms comply with insurance regulations.

Scout RFP Wins Award

Strategic sourcing provider Scout RFP announced Tuesday it had been named a winner of the 2017 Best SaaS Product for Supply Chain/Warehouse Management from the SaaS Awards program, according to a press release. The SaaS Awards focuses on recognizing excellence and innovation in software solutions.

“After a lot of deliberation this year, we are thrilled to announce the final winners from a very impressive shortlist,” said SaaS Awards and Cloud Awards organizer Larry Johnson. “It’s a privilege to be at the epicenter of this innovation, celebrating cutting-edge advances from across the entire globe, from organizations that range from established big-hitters in their space, to disruptive start-ups looking to shake things up again.”

Exports

And finally, an economic update: The U.S. trade deficit increased slightly in July, ABC News reports, recahing $43.7 billion, up from $43.5 billion in June.

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