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SimpliShip marketplace is designed to help smaller shippers secure ocean and airfreight rates with NVOs and forwarders by having qualified service providers bid on their loads.
Reduced fuel costs benefit container carriers, but they face a parade of new, larger ships.
The U.S. Federal Maritime Commission has received 11 ocean transportation intermediary license applications and changes for review.
Senat Shipping claimed no wrongdoing or illegal activity on its part, and said the Treasury Departments action is a “misguided measure purely based on Senat's historical dealings with OMM,” according to a report from Reuters.
Oregon Rep. Earl Blumenauer said his recently introduced STRONGER Act would establish an enforcement trust fund that would be "paid for by foreign exporting cheaters."
Singapore-based GLP's $4.55 billion acquisition of IIT's logistics assets will make it second largest logistics property owner and operator in the United States within a year of market entry, the company said.