• ITVI.USA
    15,378.070
    -88.350
    -0.6%
  • OTLT.USA
    2.743
    0.001
    0%
  • OTRI.USA
    20.820
    0.290
    1.4%
  • OTVI.USA
    15,350.040
    -89.040
    -0.6%
  • TSTOPVRPM.ATLPHL
    3.280
    -0.020
    -0.6%
  • TSTOPVRPM.CHIATL
    3.190
    0.050
    1.6%
  • TSTOPVRPM.DALLAX
    1.560
    -0.030
    -1.9%
  • TSTOPVRPM.LAXDAL
    3.420
    0.090
    2.7%
  • TSTOPVRPM.PHLCHI
    2.220
    0.050
    2.3%
  • TSTOPVRPM.LAXSEA
    4.080
    0.000
    0%
  • WAIT.USA
    126.000
    1.000
    0.8%
  • ITVI.USA
    15,378.070
    -88.350
    -0.6%
  • OTLT.USA
    2.743
    0.001
    0%
  • OTRI.USA
    20.820
    0.290
    1.4%
  • OTVI.USA
    15,350.040
    -89.040
    -0.6%
  • TSTOPVRPM.ATLPHL
    3.280
    -0.020
    -0.6%
  • TSTOPVRPM.CHIATL
    3.190
    0.050
    1.6%
  • TSTOPVRPM.DALLAX
    1.560
    -0.030
    -1.9%
  • TSTOPVRPM.LAXDAL
    3.420
    0.090
    2.7%
  • TSTOPVRPM.PHLCHI
    2.220
    0.050
    2.3%
  • TSTOPVRPM.LAXSEA
    4.080
    0.000
    0%
  • WAIT.USA
    126.000
    1.000
    0.8%
American Shipper

DEUTSCHE POST BUYS STAKE IN GLOBAL FREIGHT EXCHANGE

DEUTSCHE POST BUYS STAKE IN GLOBAL FREIGHT EXCHANGE

   Deutsche Post World Net has acquired a 10 percent stake in London-based Global Freight Exchange, an Internet start-up working to develop an online air freight marketplace for airlines and forwarders. Terms were not disclosed.

   GF-X not only wins an infusion of capital from Deutsche Post, but critical support from the world’s largest air forwarder, Deutsche Post-owned Danzas-AEI. GF-X also received another round of capital from existing investors, including Morgan Stanley Dean Witter.

   GF-X will begin testing its system with select forwarders and airlines in May. It hopes to link carrier and forwarder systems to its web site to provide a central repository for global air freight capacity, scheduling and booking information. The exchange is designed to help forwarders and airlines reduce paperwork and manage the risk of pre-selling and pre-buying capacity.

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