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 Danish conglomerate said one division will focus on transport and logistics, while the other division will focus on energy.
The association has been pushing for standardization around importer identification, but is concerned about a customs reauthorization bill approved by Congress, which calls on brokers to provide importer information to CBP.
U.S. Customs and Border Protection is starting to think about a single North American window with Canada and Mexico for its Automated Commercial Environment system, but customs brokers want the agency to focus on fixing ACE's present state.