NYK Group Europe appoints chief executive officer and chief operating officer, while Capes Shipping Agencies hires general manager.
Amazon acquires Middle Eastern e-tailer SOUQ.com
The e-commerce giant and SOUQ.com “share the same DNA – we’re both driven by customers, invention, and long-term thinking,” according to Russ Grandinetti, senior vice president of the international consumer division at Amazon.
Port of NY/NJ continues box growth in February
The largest port on the U.S. East Coast saw containerized cargo volumes tick up 1.2 percent to 507,066 TEUs in February 2017, a record for the month, according to the most recent figures from the port authority.
DHL launches New York-Colombia LCL service
DHL Global Forwarding launched a weekly less-than-container load service that offers 9-day port-to-port transits from New York to Cartagena, Colombia.
Freightos lands $25m in funding
The freight rate marketplace and management software provider’s venture capital investment has now topped $50 million as it seeks to digitize the freight rate environment.
CEI: Transportation regulations stifling safety improvements
Future safety gains in the freight transportation industry “are being held back by government red tape that stifles innovation and improvement,” according to a new report from the Competitive Enterprise Institute.
AFN unveils two supply chain, logistics scholarships
The Chicago-based freight broker and supply chain management company introduced the scholarships to support women in the supply chain and logistics industry.
GMXT to purchase FEC Railway
Florida East Coast Railway Holdings Corp. will be acquired by GMéxico Transportes S.A. de C.V. for $2.1 billion.
Yusen starts transportation solutions team
The third-party logsitics company’s Americas division has carved out a group to create a host of customized transportation services, including cross-border, forward inventory handling, and managed transportation solutions.
Urban joins MatchBack Systems as director
John Urban, who is a founder and former president of GT Nexus, served as an executive with APL and was also president of domestic intermodal carrier NPSC.