Allan Dow, president of Logility, said the acquisition extends Logility’s ability to deploy innovative supply chain and retail optimization solutions faster and at a lower total cost of ownership.
However, individual terminals at the ports of Los Angeles and Long Beach will negotiate directly with chassis leasing companies over compensation for storing chassis and providing services to lessors.
Marine terminals deemed high risk have two years to install an automated system for inspecting workers and others before allowing entry onto the premises.
Registration takes less than 1 minute.
The Itasca, Ill.-based third-party logistics provider has added a 50,000-square-foot warehouse on the border of Shenzhen in southeastern China, 30 minutes away from the Port of Hong Kong and 45 minutes from Hong Kong International Airport.
The ocean shipping e-commerce platform saw first half transactions across its platform increase 17 percent year-over-year, compared to less than 4 percent growth in overall container volume through May.
The private equity firm, which is known for investing in logistics technology, has invested $255 million in BlueGrace Logistics, whose business is largely built around less-than-truckload brokerage and enterprise supply chain management services.