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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 U.S. Department of Commerce's Bureau of Industry and Security imposed a $3.5 million penalty on Streit USA of South Carolina, its UAE-based affiliates, and two corporate officers.
The ocean freight booking portal will use forwarders' and shippers' historical carrier performance and booking response data to underlie dashboards intended to inform future procurement decisions.
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.