Daily Digital Magazine: Pg. 26 — May 31, 2019

Maersk investing in Traxens

Maersk joins CMA CGM and MSC as an investor in the manufacturer of “smart container” technology.

   Traxens, a company that provides equipment so that containers can be tracked, said that A.P. Møller – Maersk will join CMA CGM and MSC Mediterranean Shipping Company as a key shareholder and customer.
   CMA CGM first invested in the startup in 2012, the year it was founded, and was later joined in 2016 by MSC.

Maersk investing in Traxens

Maersk joins CMA CGM and MSC as an investor in the manufacturer of “smart container” technology.

Maersk investing in Traxens

Maersk joins CMA CGM and MSC as an investor in the manufacturer of “smart container” technology.

 
Continued from previous page
   Traxens, a company that provides equipment so that containers can be tracked, said that A.P. Møller – Maersk will join CMA CGM and MSC Mediterranean Shipping Company as a key shareholder and customer.
   CMA CGM first invested in the startup in 2012, the year it was founded, and was later joined in 2016 by MSC.
   Traxens said Maersk will invest capital in Traxens and have similar shareholder rights as CMA CGM and MSC. Maersk also has committed to order up to 50,000 Traxens devices, a similar order to those placed earlier by CMA CGM and MSC.
   Traxens said in a press release that it “can now further focus on strengthening its solution and drive interoperability based on nonproprietary technologies and open standards. The development of Traxens as an open industry solution will benefit the strategic ambition of digitizing the container shipping industry.”
   The location of Traxens-equipped containers can be tracked, and the company’s devices can transmit information about temperature, humidity level, shocks, vibrations and when the door of the containers have been opened and closed.

Not that long ago, it seemed inconceivable that the good times in [U.S.] trucking would end, but here we are back down to Earth. Growth in manufacturing – the most significant driver of trucking activity – has subsided, and residential construction remains stagnant. However, there are some near-term positives, such as lower diesel prices. Also, carriers are responding to flagging demand by ending their hiring spree.

The fastest liner transit (excluding transshipments) from China to the Netherlands is from Yantian to Rotterdam at 23 days, according to BlueWater Reporting’s Country to Country Transit Analysis by Service tool.

Most Popular
Latest News
Social Media

Loading...

TradeLens could ‘improve trust in data’

Executive Moves: Walmart and Transplace

Embed this story

Share Code Version 1

This version will embed the story headline and includes HTML fallback protection, ensuring the story will display even if some users decide to disable javascript in their browsers.

Copy & Paste the following code to embed this story on your website:

Preview

Maersk investing in Traxens

Maersk joins CMA CGM and MSC as an investor in the manufacturer of “smart container” technology.

May 29, 2019 on Dec 27, 2018AmericanShipper.com

Share Code Version 2

This version will embed the story headline without any styling applied. Use this version if you will use your own custom styling on your website. This version also includes HTML fallback protection.

Copy & Paste the following code to embed this story on your website:

Preview

Maersk investing in Traxens

Maersk joins CMA CGM and MSC as an investor in the manufacturer of “smart container” technology.

May 29, 2019 on Dec 27, 2018AmericanShipper.com