The Massachusetts Department of Transportation awarded funds to seven projects expected to take 37,000 truck trips off state roads annually under the 2016 Industrial Rail Access Program, the department said in a statement.
The latest round of funding for freight forwarder Flexport shows early stage venture capital groups are nowhere near burned out on logistics technology startups.
AAGEX Freight Group appoints VPs, while MIC Customs Solutions names project manager.
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Guy Courtin, vice president of industry and solution strategy at GT Nexus, said shippers should think of visibility as a tool to monitor and connect all of their trading partners, whether product suppliers or transportation vendors.
The Singapore-based ocean carrier, the parent of which was acquired by CMA CGM earlier this year, will purchase slots on the French line's Victory Bridge loop between Europe, the U.S. South Atlantic and the Gulf of Mexico.
The Singapore-listed containership owner and operator is unable to meet on-going coupon and principal payments on $100 million Singapore (U.S. $73.2 million) on 8.45 percent notes due May 2017, the company said in a presentation to noteholders.