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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Logistics costs for U.S. businesses rose 2.6 percent in 2015, while the largest component of logistics costs, transportation, grew only 1.3 percent during the year, according to a report from the Council of Supply Chain Management Professionals.
U.S. beef producers and exporters now have access to Saudi Arabian consumers after nearly four years of being shut out of the Middle Eastern market due to the detection of an “atypical” case of “mad cow” disease in 2012.
A ship carrying liquefied natural gas (LNG) from the United States became the first LNG carrier to pass through the enlarged Panama Canal on Monday.