The San Francisco-based freight forwarder, which has now raised a total of $94 million to fund global expansion, said it is constructing a new operating system for global trade that will unite the world in a seamless web of commerce.
In addition, the Baltic Exchange has named Mark Jackson its new chief executive officer, who is replacing the current CEO Jeremy Penn.
The global tire manufacturer said construction on its new distribution center in Spartanburg County, S.C. is expected to begin this year, the center's first phase is slated to open in late 2017, and full build-out is expected in early 2017.
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Edward Greenberg, the association’s general council, said the Federal Maritime Commission’s revision would offer "much needed flexibility" to non-vessel-operating common carriers when including rate and surcharge changes in their service arrangements.
The U.S. Foreign Agricultural Service said China has decided that vessels originating from the United States, other than the state of Florida, do not require disinsection certification.
Online freight rate marketplace Freightos acquired air cargo management provider WebCargoNet, which will provide Freightos with a broader range of airfreight rates to complement its existing database of air and ocean rates.