• ITVI.USA
    13,754.510
    83.820
    0.6%
  • OTRI.USA
    21.920
    -0.140
    -0.6%
  • OTVI.USA
    13,721.420
    82.630
    0.6%
  • TLT.USA
    2.840
    0.040
    1.4%
  • TSTOPVRPM.ATLPHL
    2.480
    -0.170
    -6.4%
  • TSTOPVRPM.CHIATL
    3.070
    -0.210
    -6.4%
  • TSTOPVRPM.DALLAX
    1.370
    -0.090
    -6.2%
  • TSTOPVRPM.LAXDAL
    2.280
    -0.210
    -8.4%
  • TSTOPVRPM.PHLCHI
    1.900
    -0.070
    -3.6%
  • TSTOPVRPM.LAXSEA
    2.720
    -0.270
    -9%
  • WAIT.USA
    127.000
    0.000
    0%
  • ITVI.USA
    13,754.510
    83.820
    0.6%
  • OTRI.USA
    21.920
    -0.140
    -0.6%
  • OTVI.USA
    13,721.420
    82.630
    0.6%
  • TLT.USA
    2.840
    0.040
    1.4%
  • TSTOPVRPM.ATLPHL
    2.480
    -0.170
    -6.4%
  • TSTOPVRPM.CHIATL
    3.070
    -0.210
    -6.4%
  • TSTOPVRPM.DALLAX
    1.370
    -0.090
    -6.2%
  • TSTOPVRPM.LAXDAL
    2.280
    -0.210
    -8.4%
  • TSTOPVRPM.PHLCHI
    1.900
    -0.070
    -3.6%
  • TSTOPVRPM.LAXSEA
    2.720
    -0.270
    -9%
  • WAIT.USA
    127.000
    0.000
    0%
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.