The chassis leasing company will roll out TRAC Select in 20 locations across the United States.
Prologis U.K. Logistics Venture will be 85 percent owned by CBRE clients and 15 percent owned by Prologis.
The Chattanooga, Tenn.-based third-party logistics provider said the app increases supply chain visibility by photo-documenting shipments to improve compliance and reduce costs.
Registration takes less than 1 minute.
The South Korean liner carrier’s bankruptcy, which resulted in hundreds of thousands of shipments around the world being delayed, was the biggest in the container shipping industry since the 1986 bankruptcy of U.S. Lines.
Despite mergers and acquisitions, the industry is still plagued by overcapacity, and cost for new entrants is low.
Hyundai Merchant Marine said it expects to receive funding from a new South Korean government shipping entity, which will buy and charter back vessels to the shipping company.