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.
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.
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.
Registration takes less than 1 minute.
The French ocean carrier transported 2.9 percent more containers, but saw the average freight rate tumble 17.6 percent when compared to the first quarter of 2015.
The freight forwarding arm of Danish shipping conglomerate AP Moller Maersk said it will provide weighing and data transmission services to help shippers comply with new SOLAS verified gross mass requirements.
Ship owners on Wednesday broke off rate negotiations with struggling South Korean shipping conglomerate Hyundai Merchant Marine without reaching an agreement, according to multiple reports from Korean media outlets.