The Massachusetts Department of Transportation awarded funds to seven projects expected to take 37,000 truck trips off state roads annually under the 2016 Industrial Rail Access Program, the department said in a statement.
The latest round of funding for freight forwarder Flexport shows early stage venture capital groups are nowhere near burned out on logistics technology startups.
AAGEX Freight Group appoints VPs, while MIC Customs Solutions names project manager.
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Judge John Sherwood of the U.S. Bankruptcy Court for the District of New Jersey moved to recognize receivership proceedings in South Korea for the now insolvent ocean carrier Hanjin Shipping.
Several ocean carriers have decided to launch various routes in order to fill the void from Hanjin’s halted operation.
The London-based shipping research and consulting firm said that as currently planned, “The Alliance” will be "at a size disadvantage," making up 24 percent of East-West capacity.