The Oslo, Norway-based freight rate benchmarking platform secured $12 million in a Series B investment round to expand sales and product development.
Spanish unions plan to carry out port strikes
The Spanish government will face strikes at all ports across the country later this month, according to International Transport Workers’ Federation (ITF) Maritime Operations Coordinator Jacqueline Smith.
Industry groups urge Trump to restore HTF
A broad industry coalition sent a letter to President Donald Trump urging him to find a long-term, user-based revenue source for the Highway Trust Fund and not to rely solely on private funding for the administration’s infrastructure investment plan.
Hamburg Süd launches first proprietary agency in Middle East
The German ocean carrier has opened a new office in Dubai, United Arab Emirates to coordinate its business in the Persian Gulf region, taking over from long-time local agency partner Inchcape Shipping Services.
U.S. trade deficit inches up 0.4% for 2016
However, the U.S. trade deficit for December declined from a month prior as U.S. exports gained around the globe, partially offset by an increase in imports.
Executive Moves: uShip and DHL Supply Chain
uShip hires new chief executive officer, while DHL Supply Chain names CEO of its regional Singapore division.
Gov. Scott’s proposed budget includes $10.8b for transportation and infrastructure
Florida Governor Rick Scott discussed his recommended transportation and infrastructure budget for FY 2017-2018 on Monday during a press conference at JAXPORT.
UPS to spend $18m to increase on-site solar power capabilities
The parcel giant plans to install solar panels at eight of its facilities in the United States by the end of 2017 and expects to increase the total solar power generated across its facilities five-fold, according to a statement from the company.
A.P. Moller-Maersk: 2016 saw ‘headwinds in all our markets’
The Danish shipping conglomerate reported a loss of about $1.9 billion for 2016.
YRC Worldwide posts $7.5m net loss for Q4 2016
The Overland Park, Kan.-based less-than-truckload holding company missed analyst expectations, posting a loss per share of $0.23 for the fourth quarter of 2016.