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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Kansas City Southern (KCS) said in a statement it “respectfully disagrees” with a preliminary report from Mexico's Federal Economic Competition Commission (COFECE) that found a lack of competition between KCS and other operators in the country.
The Allied Pilots Association, the union that represents American Airlines’ more than 15,000 pilots, said it has lost confidence in Chief Executive Officer Doug Parker’s leadership abilities due to “questionable economic and strategic decisions.”
The Berkshire Hathaway-owned Class I freight railroad will pay $50,000 in civil penalties related to a March 2015 crude oil train derailment in Galena, Ill., according to a statement from Illinois Attorney General Lisa Madigan.