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.
The global tire manufacturer said construction on its new distribution center in Spartanburg County, S.C. is expected to begin this year, the center's first phase is slated to open in late 2017, and full build-out is expected in early 2017.
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Several ocean carriers have decided to launch various routes in order to fill the void from Hanjin’s halted operation.
The now insolvent South Korean ocean carrier released a status update Monday on the 97 vessels it operates, which illustrated that 59 of these vessels are still waiting in open sea.
Ed Feitzinger, the former chief executive officer of freight forwarder UTi Worldwide, which was acquired in October by DSV, is now vice president of global logistics at Amazon.