The supply chain software provider has been the rumored target of industrial conglomerate Honeywell, but instead gets additional capital from Blackstone and majority owner New Mountain Capital.
U.S. says Peru’s timber verification shows progress
The Office of the U.S. Trade Representative said Peru has made progress on ensuring only legally harvested timber is exported, but there’s still room for enhancing protections.
Jakarta’s new container terminal commences operations
Tanjung Priok Port’s new container terminal was built by NYK Line, PT. Pelabuhan Indonesia II, Mitsui & Co. Ltd. and PSA International Pte. Ltd.
FMC reviews 12 OTI license applications
The U.S. Federal Maritime Commission (FMC) has received 12 ocean transportation intermediary license applications and changes for review.
FMCSA to conduct trial program for young adults to operate big rigs
The Federal Motor Carrier Safety Administration will launch a three-year trial program to determine whether or not young adjusts between 18 and 21 should be trusted to safely operate big rigs.
UPS speeds up e-commerce deliveries
The Atlanta-based package delivery giant has streamlined its ground package network to speed up e-commerce deliveries from U.S. retailers to eastern Canada by a day.
GAO: Uncollected antidumping, countervailing duties reach $2.3b
The Government Accountability Office said U.S. Customs has not been able to collect the duties because it lacks the analytic capability and the system provides loopholes for cheaters.
XPO’s Jacobs: Nothing tech startups are doing that we aren’t
The Greenwich, Conn.-based third-party logistics provider’s CEO Brad Jacobs is bullish on his company’s technology focus as it secures $1.6 billion in debt refinancing that will lower interest payments 12 percent over the next five years.
NEWS FLASH: Chinese, U.S. officials discuss Zika rule
Representatives from the U.S. Embassy in Beijing met with the director general of China’s Inspection and Quarantine Ministry to gain more information about how shippers can comply with China’s requirement that shipments from the nation be mosquito-free.
The evolutionary load board
Silicon Valley-based startup Trucker Path has moved from a Waze-type approach to trucker navigation to connecting loads with carriers via its marketplace app.