The privately-held ERP software company entered a strategic partnership with and invested $25 million in cloud-native predictive and prescriptive analytics provider Predictix back in January.
Xeneta: Brexit will create widespread disruption across container shipping industry
The United Kingdom will now have to sign new trade treaties with everyone, without the bargaining power of the European Union, which will lead to higher duties, and therefore, increased costs for shippers, Xeneta CEO Patrik Berglund said.
Wen-Parker Logistics opens new UK office
The Mahwah, N.J.-based global airfreight forwarder and supply chain solutions provider will launch its newest regional office in the United Kingdom July 1.
Survey: Less than 20% of logistics companies prepared for Brexit
Over 50 percent of respondents said their business would be impacted by a vote for the United Kingdom to leave the EU, but just 18.4 percent had a plan in place in the event of a Brexit, according to a recent survey conducted by Logistics Manager.
Deutsche Post DHL CFO Rosen to retire
The supervisory board of Deutsche Post DHL Group has appointed Melanie Kreis to succeed Lawrence A. Rosen as chief financial officer of the German mail and logistics conglomerate.
U.S. study finds 92% of U.S. exports face technical barriers
The U.S. Commerce Department’s International Trade Administration released a report Wednesday, showing that 92 percent of more than $1.3 trillion worth of U.S. goods exported in 2015 were likely affected by foreign technical regulations.
Sub-Saharan Africa’s non-oil exports to U.S. skyrocket
The Office of the U.S. Trade Representative released a report Wednesday, which showed that sub-Saharan Africa’s non-oil exports to the United States have dramatically increased since the implementation of the African Growth and Opportunity Act in 2000.
UASC shareholders agree to Hapag-Lloyd merger
The Arab ocean carrier’s shareholders will own 28 percent of the combined company, while the existing shareholders of Hapag-Lloyd will own 72 percent of the new company.
Senate confirms Maffei to serve on FMC
The United States Senate also confirmed the reappointment of Federal Maritime Commissioners Rebecca F. Dye and Michael A. Khouri, whose terms will now last until 2020 and 2021, respectively.
New VGM rule takes effect tomorrow
Terminals and carriers rush to clarify how shippers can meet the International Maritime Organization’s requirement scheduled to go into effect tomorrow, in which shippers must provide the verified gross mass of containers before they are loaded on ships.