The Silicon Valley freight forwarder recently confirmed a long-known Series C funding of more than $110 million and a $800 million valuation, a sign that investment in logistics technology is accelerating.
Unions reach tentative labor agreement with freight rail carriers
The proposed national labor contract includes an immediate wage increase of 4 percent, with an additional 2.5 percent increase six months later on July 1, 2018 and an additional 3 percent per year after that, starting on July 1, 2019.
APL guarantees equipment, vessel space on transpacific services
The ocean carrier has launched its Eagle GO Guaranteed product, which assures equipment and vessel space for customers on 20 of its Asia-North America services.
Commentary: Navigating natural disasters
Given the effect natural disasters can have on global supply chains, the best course of action for those in the shipping industry is to always have clear backup plans, according to Gary Cardenas, president of TOC Logistics International.
Report: 3PL revenues on track to exceed $1.1t in 2022
Total third-party logistics revenues are expected to jump from $802.2 billion in 2016 to over $1.1 trillion in 2022, according to a recent report from consulting firm Armstrong & Associates.
bpost to acquire U.S. e-commerce firm for $820m
Belgian postal operator bpost will acquire 100 percent of the shares of Radial, an integrated e-commerce logistics and omnichannel technology solutions provider, for an enterprise value of $820 million, the companies said in a joint statement Monday.
Port of Oakland import volumes surge in September
The Northern California port handled 79,135 TEUs of containerized imports during the month, a 12.6 percent jump from September 2016, according to recent data from the Port of Oakland.
ACI: Global air cargo traffic up 4% in 2016
Hong Kong and Memphis, Tenn. ranked first and second, respectively, for the busiest air cargo airports, with 4.6 and 4.3 million metric tons of cargo in 2016, according to a new report from Airports Council International (ACI).
Online ELD marketplace launched
Six electronic logging device (ELD) providers are partnering with the website truckstop.com on a new ELD marketplace to connect drivers, carriers, and fleets with ELD providers to suit their needs in advance of the December ELD mandate implementation d…
West Memphis port breaks ground on rail expansion project
The Arkansas port has begun construction on a $10.9 million intermodal project, which will connect the port to two major highways and two Class I railroads, according to a report from the Memphis Business Journal.