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HighJump, a provider of supply chain management solutions, has acquired Wesupply, a U.K.-based premier business-to-business supply chain solutions supplier.
The technology platform matches shippers who need loads delivered with available trucks.
A fire broke out in a container onboard the United Arab Shipping Co. vessel Alula in the early hours of Friday morning as it arrived at Waltershof harbor, according to a statement from the city of Hamburg, Germany.
Saverco NV, a controlling shareholder of Antwerp-based cargo ship and aircraft lessor CMB, will seek to purchase all outstanding shares of CMB.
Rates from Shanghai to Northwest Europe and the Mediterranean have increased dramatically in the past two weeks, but rates from Shanghai to the United States have fallen three weeks in a row.
Weak trade has limited growth opportunities for airfreight carriers, but trade is expected to improve in the second half of the year, according to the International Air Transport Association.