FourKites snagged $35 million in a Series B funding round, including from existing investors, to help the freight visibility and analytics provider expand across modes and geographies.
CP launches new perishables service
Following the 2017 purchase of 41 generator sets for reefer containers, Canadian Pacific Railway (CP) has begun offering a new shipping service for perishable products, dubbed “CP TempPro.”
Catapult founder swivels to new software provider
Matt Motsick, who founded the rate management software company a decade ago, is now fronting the freight forwarding ERP provider Swivel.
Popping open the bubbly
Trucking companies are basking a bit in the rate renaissance that began in the fourth quarter of 2017, with Stifel’s conference last week showing it may only be the beginning.
FedEx: Customer information exposed, not compromised
Following reports that thousands of customer identification records were left open to public access, FedEx said those records have now been secured and there is “no indication that any information has been misappropriated.”
John Griffith II, container shipping innovator, dies
A longtime shipping executive at United States Lines (USL) and Norton Lilly, John Griffith II is credited with helping to establish the first containerized shipping services in the transatlantic and transpacific trades.
Ross not discounting retaliation potential in Section 232 cases
Commerce Secretary Wilbur Ross cited a ‘national security’ exception outlined in World Trade Organization rules.
Commerce starts AD/CVD investigations on Chinese cast iron soil pipe
Commerce announced the investigations two days after issuing a preliminary affirmative determination in its antidumping investigation into imports of pipe fittings from China.
Commerce approves MIA FTZ magnet site designation
The designation of all of Miami International Airport (MIA) as a foreign trade zone (FTZ) magnet site will allow airport tenants to operate manufacturing and distribution facilities on airport property, while also reducing or eliminating federal tariffs.
Port of Savannah cargo growth continues in January
The South Atlantic port handled 338,793 TEUs of containerized cargo for the month, a 2.2 percent increase from the same 2017 period, according to the latest data from the Georgia Ports Authority (GPA).