Trucking, logistics and airfreight companies are collectively owed hundreds of thousands of dollars after a Texas freight forwarder filed Chapter 11 bankruptcy earlier this week.
More than 158 unsecured creditors, including trucking, logistics and towing companies, are collectively owed hundreds of thousands of dollars after New Jersey freight forwarder Advectus Transportation Services abruptly ceased operations and filed Chapter 7.
“Our philosophy is not just to bring people to our dashboard, but give the power of our data to all of the dashboards and move the entire industry forward,” said Terminal49 CEO Akshay Dodeja.
A California freight forwarder filed Chapter 7 bankruptcy last week, collectively owing transportation and logistics companies more than $884,000.
Digital transactions are necessary as air cargo volumes grow, but setting up those IT links can be tedious. The International Air Transport Association has a new tool to make that process much easier.
Digital freight forwarder Flexport can now link consignee order data to shipments from suppliers.
With the focus on technology, service and operations, Team Worldwide has appointed Randy Sinker as president of the company.
Tim Robertson succeeds Bill Meahl, who will continue to serve in an advisory role until his retirement next September.
Logistics companies are making lemonade from lemons during the coronavirus. New processes and workarounds keep freight moving, but often at extra cost.
Rickenbacker Airport, a low-hassle alternative to some big airports, set cargo records in June handling COVID supplies.
Within moments, international freight brokers will be able to protect perishable goods.
Digital freight forwarding startup Beacon raises $15 million in Series A investment.
EXPD earnings fell 23% year-over-year; management cited the business cycle and warned about Q1 coronavirus impacts.
Julian Alvarez’s goal “is to help the entire industry modernize.”
Having a private “airline” to move customers’ freight made sense two years ago when the market was robust and Flexport was less established in the logistics industry. Now, the company has enough muscle to compete directly for airline capacity.
After a successful tenure with a startup freight forwarder, Fava is excited to start a new chapter at FreightWaves.
Chill winds from the Chinese economy have caused Australian freight forwarder Wiseway to downgrade its anticipated China/Australia freight volumes and earnings.
