Project44 raises $202M in Series E, boosts value to $1.2B
Project44 attributes its exponential growth, like its 135% year-over-year new bookings growth in Q1, to its skilled global team.
Project44 attributes its exponential growth, like its 135% year-over-year new bookings growth in Q1, to its skilled global team.
Doing business in China is tricky and companies could get sucked into the political quicksand, so best to have an exit strategy to avoid reputational risk, experts say.
At the end of Q1, JD Logistics was operating over 1,000 warehouses globally that cover 226 million square feet of space, managed by the JD Logistics Open Warehouse Platform.
The containers that U.S. shippers need are all built in China, where factories could set a new production record this year.
Aeroméxico Cargo inaugurates twice weekly direct cargo route between Mexico City and Wuhan, China.
Self-driving truck software maker Plus signed its long-rumored SPAC with $500 million cash and $3.3 billion valuation expected in Q3.
China’s potential monopoly over containers and intermodal chassis is the target of an investigation by FMC Commissioner Carl Bentzel.
Visibility provider’s global focus “is part of our DNA,” says Chief Product Officer Vernon O’Donnell.
Importers are scrambling as demand sails past ocean transport supply. The numbers paint an ominous picture for cargo shippers.
Chinese container production still trails torrid demand. Ever Given accident was ‘icing on the cake’ — making box shortfall worse.
“For the first time ever, shippers can have a true global view of their supply chain network in a single platform.”
You may not have heard of Cainiao, but you know parent company Alibaba is the Amazon of China. Cainiao is powering Alibaba’s logistics and recently arranged air transport from Singapore to duty-free shops in China.
Switzerland had the highest average truck driver salary at more than $70,000 a year.
2006: Istanbul-based freight forwarder Advance International has made use of international agency plans to re-establish reliable landbridge routes between the two continents.
Mexico is again the top trading partner of the United States for February, followed by Canada and China.
Lufthansa Cargo and DB Schenker are flying carbon-neutral weekly routes from Germany to China, using carbon offsets and sustainable aviation fuel.
It’s not that companies can’t operate without China, it’s just that for now, said companies will not grow as fast as they could with it, and will likely do so with lower margins. In a retail world constantly balancing sales and profit, avoiding China is giving up both for many Western brands.
Autonomous trucking startup Plus is beginning production of Level 4 software this year as it works toward 10 billion miles of on-road testing.
Port Houston is positioning itself as a viable option for handling more containerized imports from Asia.
The Baidu Apollo fleet consists of 500 vehicles, with open-road tests conducted in 30 cities around the world. The company’s Robotaxi service has carried 210,000 passengers and is available in Beijing, Changsha and Cangzhou, with plans to move into 30 more cities over the next three years.