The express delivery company improved air connections to Sweden and Finland and added additional last-mile delivery capacity in large business centers.
Freightos secures new funding, provides rate marketplace
Freight rate software provider Freightos, which is beta testing a public rate marketplace for shipments from China to U.S., is part of a growing group of startups aiming to invigorate the forwarding industry through modern IT.
Navy League opposes Jones Act Exemption for Puerto Rico
A report from the Working Group for the Fiscal and Economic Recovery of Puerto Rico, established by Governor Alejandro García Padilla, said a Jones Act exemption would “reduce transportation costs and increase competitiveness.”
MainOcean acquires Conquer Logistics, Retail Packers
The port solutions provider and dry warehousing company announced it acquired Conquer Logistics and its sister company Retail Packers, in addition to securing a long-term lease for a 100,000-square foot warehouse and yard in Charleston, S.C.
Truckload rates up for sixth straight month
Truckload pricing increased 3.7 percent year-over-year in August after similar increases in June and July, according the latest Cass Truckload Linehaul Index.
Intermodal rates continue steady decline in August
Year-over-year rates have fallen for the eight consecutive months in response to increased demand in the truckload sector, according to the latest Cass Intermodal Price Index.
CN opens C$850m public debt offering
Canadian National Railway expects to use the proceeds from the stock sale for “general corporate purposes,” which include paying off and restructuring current debt as well as share buybacks.
Commerce supports 5 associations’ export programs
The five Market Development Cooperator Program-backed projects are expected to generate more than $653 million in U.S. exports over the next three years in return for the one-time $1.4 million federal investment.
Yang Ming to charter five 14,000 TEU ships
The new containerships will be built by Japan’s Imbari and are scheduled for delivery in 2018-2019.
Porsche North America moves to JAXPORT
The car company announced it will make the switch from the Port of Brunswick to the Port of Jacksonville as its new port of entry for the Southeastern United States effective October 2015.