ZS Fund has acquired Amerijet Holdings, an operator of cargo aircraft under the name Amerijet International, along with logistics services subsidiary ITN Worldwide for an undisclosed sum.
Until now, Freightos has focused on helping forwarders quote faster, but since January, the logistics technology provider has been beta testing its China-to-United States marketplace.
Total cargo throughput at the largest French port fell 3 percent to 39.13 million metric tons in the first six months of 2016 as general cargo volumes remained relatively flat and bulk volumes fell compared with the same 2015 period.
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The Shanghai Containerized Freight Index fell 1.1 percent from last Friday, driven down by lower rates on the Shanghai to Northwest Europe and Mediterranean trades, which was partially offset by higher rates from Shanghai to the United States.
Beware of forwarding and logistics providers that downplay the impact of new technology in the industry, but also don't bet on established forwarders going quietly into the night.
The new British cargo airline, which commenced operations from its headquarters at London Stansted Airport in February 2016, plans to expand its airfreight network into North and South America later this year.