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.
Transportation planners and industry executives briefed House lawmakers last week on progress made so far with implementing freight provisions of the FAST Act.
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Lowe Enterprises has signed a tentative agreement to purchase the five-acre property in downtown Charleston that is currently home to the South Carolina Ports Authority, and says it wants to build a luxury hotel on the site.
Online freight rate marketplace Freightos told American Shipper that eastbound transpacific rates have shot up 50 percent since Hanjin filed for bankrutpcy last week.
Members of California’s congressional delegation asked the federal government to get involved in the Hanjin insolvency, and Rep. Loretta Sanchez said Hanjin’s stranded ships may have goods needed to keep U.S. assembly lines running.