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.
Transportation planners and industry executives briefed House lawmakers last week on progress made so far with implementing freight provisions of the FAST Act.
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The global terminal operator will upgrade its Port Elizabeth terminal at the North Atlantic port with the addition of a new berth and container yard capable of handling 13,000-TEU vessels.
The South Korean ocean carrier filed for recognition of its Korean insolvency proceeding in the United States Friday in the U.S. Bankruptcy Court for the District of New Jersey and the court ordered a hearing on the request for Tuesday.
The U.S. Commerce Department said the nation’s exports of goods and services increased from $182.9 billion in June to $186.3 billion in July, the largest monthly increase since the February-March 2014 period.