The San Francisco-based freight forwarder, which has now raised a total of $94 million to fund global expansion, said it is constructing a new operating system for global trade that will unite the world in a seamless web of commerce.
Baltic Exchange shareholders approve acquisition by SGX
In addition, the Baltic Exchange has named Mark Jackson its new chief executive officer, who is replacing the current CEO Jeremy Penn.
Michelin unveils plans for new distribution center in S.C.
The global tire manufacturer said construction on its new distribution center in Spartanburg County, S.C. is expected to begin this year, the center’s first phase is slated to open in late 2017, and full build-out is expected in early 2017.
FAST Act freight provisions get critiqued on Capitol Hill
Transportation planners and industry executives briefed House lawmakers last week on progress made so far with implementing freight provisions of the FAST Act.
NAFTA trade decline extends into 19th month in July
The total value of cross-border freight between the United States and North American trading partners Canada and Mexico slipped another 6.4 percent year-over-year in June 2016, according to the Bureau of Transportation Statistics.
Commerce weighs in on stainless pressure pipe imports from India
The Commerce Department has determined that several Indian manufacturers of welded stainless pressure pipe are dumping their product on the U.S. market.
DHL Express to hike rates in 2017
The parcel carrier’s expedited shipping segment will raise prices by an average of 3.9 percent in Germany, effective Jan. 1, 2017, with prices in other countries varying based on local conditions, the company said in a statement.
Drewry: How Hanjin’s insolvency will impact ‘THE Alliance’
The London-based shipping research and consulting firm said that as currently planned, “The Alliance” will be “at a size disadvantage,” making up 24 percent of East-West capacity.
Amazon subsidiary fined for violation of UK dangerous goods rules
Regulators in the United Kingdom ordered Amazon UK Services Ltd. to pay 65,000 British pounds (U.S. $84,288.92) for four counts of “causing dangerous goods to be delivered for carriage in an aircraft,” according to the country’s Civil Aviation Authority.
UPS partners with drone maker to test urgent parcel delivery service
The parcel giant and unmanned aircraft manufacturer CyPhy Works have begun joint testing of drone usage for commercial package delivery in remote or difficult-to-reach locations.