The freight rate marketplace and management software provider's venture capital investment has now topped $50 million as it seeks to digitize the freight rate environment.
The Seattle-based e-commerce giant’s acquisition of SOUQ.com, the largest online retail and marketplace platform in the Arab world, is expected to close some time in 2017.
Future safety gains in the freight transportation industry “are being held back by government red tape that stifles innovation and improvement,” according to a new report from the Competitive Enterprise Institute.
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The ocean shipping electronic marketplace has paid an undisclosed sum for Avantida, a cloud-based provider of solutions, to better manage empty containers.
Korea Investor Service, an affiliate of Moody's, upgraded Hyundai Merchant Marine’s corporate credit rating after the carrier saw revenues decline and a larger operating loss in 2016, while the bottom line improved.
In an industry first, the vessel sharing agreement between Hapag-Lloyd, Yang Ming, NYK, MOL and "K" Line, also established an independent trustee to manage funds to be used in the event one of the carriers within the group becomes insolvent.