The San Francisco-based fleet management platform for the trucking industry reportedly has a valuation of $1.2 billion following the latest funding round.
Online retailer ramps up warehousing and ocean freight presence as part of meeting tight delivery window demanded by customers.
The funds will go toward expanding services in Louisiana and Virginia and supporting the development of a new service in New York.
The truck is the first of 10 the companies will deploy as part of the ZANZEFF project to haul cargo received at the ports of Los Angeles and Long Beach.
Jae-hoon Bae also will meet with employees, shippers and the head of the IMO during a visit to Europe less than a month after becoming head of the South Korean carrier.
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Container ship owner sees good demand balance with better rates on post-panamax vessels.
The Japanese shipping company announced plans to install the system on 21 very large crude oil carriers it operates.
The report said the very large ore carrier, which sank in March 2017 with 22 crew members presumed deceased, suffered “catastrophic structural failure” to the ship’s hull.
European shippers and forwarders help advance standard framework for measuring the impact of logistics on emissions.
Lighter loads through Panama Canal and schedule reliability are two effects hitting ocean freight; ‘We should not underestimate weather.’
Jointly owned Diamond Gas Sakura will transport LNG from Louisiana as part of a long-term time-charter contract.
Australia’s import, export and logistics industries are in dismay at a massively escalating series of surcharges that are being unilaterally charged to truckers and shippers by the nation’s main box terminal operators. There have been hikes in surcharges of hundreds of percentage points. And, in one case, an imposed surcharge was literally increased over a couple of years by 2,372 percent. Industry executives are furious.
There has been a steep drop in the volume of box traffic handled at Hong Kong, one of the world’s busiest box ports. Containerized throughput at Hong Kong took a dive in the first three months of 2019 when compared to the first quarter of 2018, according to preliminary figures from the Hong Kong Marine Department. Box traffic was down, on average, by 10.2 percent in the first quarter of 2019 compared to the first quarter of 2018.
A total of 140 cargo theft incidents were reported — a 22 percent year-over-year decrease — for an estimated total loss of $12.8 million, according to CargoNet.
FMC Commissioner Rebecca Dye provided an update on her agency’s ongoing detention and demurrage investigation.
Venture capital firm Kleiner Perkins led the funding round, which increased the Atlanta-based warehousing and distribution startup’s capital raised to $15 million.
The Dutch shipbuilder said “its financial situation stems from a sustained period of difficulty in a number of maritime sectors and investments it has made in its future.”
