The freight rate marketplace and management software provider's venture capital investment has now topped $50 million as it seeks to digitize the freight rate environment.
The Seattle-based e-commerce giant’s acquisition of SOUQ.com, the largest online retail and marketplace platform in the Arab world, is expected to close some time in 2017.
Future safety gains in the freight transportation industry “are being held back by government red tape that stifles innovation and improvement,” according to a new report from the Competitive Enterprise Institute.
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However, COSCO SHIPPING Holdings said it does expect to have earnings before interest and tax of approximately 700 million Chinese yuan renminbi for the fourth quarter of 2016, excluding the net loss it incurred from the demolition of vessels.
Feeder ships play a huge role in global trade and the future of these ships is quite secure, said Captain James McNamara, who currently serves as chairman of the Maritime Industry Museum at Fort Schuyler, N.Y.
The Danish shipping conglomerate reported a loss of about $1.9 billion for 2016.