The privately-held ERP software company entered a strategic partnership with and invested $25 million in cloud-native predictive and prescriptive analytics provider Predictix back in January.
The United Kingdom will now have to sign new trade treaties with everyone, without the bargaining power of the European Union, which will lead to higher duties, and therefore, increased costs for shippers, Xeneta CEO Patrik Berglund said.
The Mahwah, N.J.-based global airfreight forwarder and supply chain solutions provider will launch its newest regional office in the United Kingdom July 1.
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Peter Friedmann accused container lines of bungling the International Maritime Organization's new container weight verification requirement, and said some now realize they face high internal costs unless they offer a more flexible approach.
The 19 ocean carrier members of the Ocean Carrier Equipment Management Association are collaborating with six U.S. ports to establish a harmonized container weighing process.
The company plans to accept the weights that clients provide as certified, but if clients are not able to provide the certified weight, it will weigh the cargo on their behalf.