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Freight rate software provider Freightos, which is beta testing a public rate marketplace for shipments from China to the U.S., is part of a growing group of startups aiming to invigorate the forwarding industry through modern IT.
U.S. Customs and Border Protection discovered more than $6 million worth of cocaine hidden in cases of Costa Rican pumpkins and squash at the Port of Philadelphia last week.
The ocean carrier has opened a 49,702-square-foot warehouse in Jacksonville, Fla. this week and will open another 45,580-square-foot warehouse in Jacksonville Oct. 1 to serve its full and less-than-containerload customers.
TOTE says "While this reflects that the ship was caught in rough seas and extreme weather, it is in no way indicative of the ship’s fate."
Rep. Stephen Fincher, R-Tenn., introduced a bill that would restore Ex-Im Bank’s operations and include various reforms, but will require a "discharge process" to reach the House floor for a vote.
The company’s minority investment in e-commerce specialist Ally Commerce Inc. is more about research than revenues, according to Rimas Kapeskas, head of UPS’s strategic enterprise fund.