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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House lawmakers and port authorities want the U.S. Customs and Border Protection to allocate more new personnel to ports, allowing for cargo and cruise passengers to be cleared faster for entry.
Ocean carrier Hyundai Merchant Marine joining the 2M Alliance - comprised of Maersk Line and MSC - has fueled speculation about Maersk’s ultimate motives, but the short term impact is a larger share on the transpacific trade, especially from Korea.
The expanded Panama Canal locks, which just opened June 26 to handle vessels up to 14,000 TEUs, are expected to reshape U.S. East Coast port operations.