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Supply Chain
project44 | September 29, 2022
project44, the connective tissue of the global supply chain announced the launch of Movement by project44TM, a game-changing platform that gives all supply chain partners — including shippers, carriers, logistics professionals and more — the transparency and collaboration they need to make supply chains work. For the first time, Movement by project44 combines the power of the entire project44 product suite, including its internally developed products and acquired capabilities, ...
Logistics
Lineage Logistics, UTI Forwarding | June 01, 2021
Lineage Logistics, LLC, the world’s largest and most advanced temperature-controlled industrial REIT and logistics solutions provider, announced today the completion of its acquisition of UTI Forwarding, a well-known Rotterdam-based freight forwarder. On April 26, 2021, the deal was initially disclosed. UTI Forwarding is a renowned freight forwarding company based in Rotterdam, the Netherlands, specializing in the export and import of Full Container Load (&ldq...
Maersk | May 13, 2020
Maersk expects to cancel 140 sailings in the second quarter after issuing 90 blank sailings (a 3.5% drop in capacity) earlier this year, the carrier said in its first-quarter report released Wednesday.The void trips are a way for the carrier to cut costs as demand for ocean freight falls due to lockdown measures stemming from the coronavirus pandemic. Maersk expects demand to fall 20% to 25% in the second quarter across all its businesses, it said in the report. The company had been foreca...
Freight
Loadsmart | November 21, 2020
Loadsmart, a leading advanced cargo innovation organization, today reported the fruitful finish of its Series C fundraising. The $90 million round was driven by BlackRock, Inc's. oversaw reserves and included unmistakable vital speculators from the transportation space, for example, TFI International Inc., a North American pioneer in the transportation and logistics industry, and Maersk, the world's leading ocean carrier and a Loadsmart investor since Series A. The arrangement was co-dri...
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