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 third-party logsitics company's Americas division has carved out a group to create a host of customized transportation services, including cross-border, forward inventory handling, and managed transportation solutions.
John Urban, who is a founder and former president of GT Nexus, served as an executive with APL and was also president of domestic intermodal carrier NPSC.
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The Bonn, Germany-based parcel carrier and logistics provider saw consolidated net profits soar 71.4 percent to 2.64 billion euros for the year, even as revenues slipped 3.2 percent to 57.33 billion euros.
With capacity in the ocean carrier industry continuing to outstrip demand levels, many are left wondering what carrier is next in line for a merger or acquisition.
International Longshoremen's Association President Harold Daggett said he will seek help from Congress in union disputes with the South Carolina Ports Authority and the Waterfront Commission of New York Harbor.