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Hapag-Lloyd has reportedly picked Deutsche Bank, Goldman Sachs and Berenberg to assist it with an initial public offering, fueling speculation the German ocean carrier is accelerating its plan for a public float.
The $76 million purchase of MK Data bolsters Descartes customer base and screening content, while also giving further visibility into what value the market places on compliance-related software companies.
The neutral cloud-based platform Freightview was incubated at Kansas freight broker Freightquote, which C.H. Robinson bought in late 2014 to bolster its small shipper customer base.
The second quarter financial results of ocean carriers NYK, MOL and "K" Line reflected a weak Asia-Europe market and strong supply pressure.
The U.S. Senate also passed a long-term highway bill that will be debated by the House after the summer break.
The European Commission will now conduct an in-depth analysis under the EU's merger regulations before coming to a decision on FedEx's $4.8 billion offer to buy TNT.