CMA CGM heralds planned deal to acquire 25% of CEVA Logistics CMA GGM said that the objective of this deal is to “grow its presence in the logistics sector, which is closely related to shipping.” And it added that the closing of this deal is subject to the completion of CEVA’s planned IPO on the SIX Swiss Exchange, which was announced on April 20, in addition to approval from regulatory authorities.
XPO hires industry veteran Wagers as COO Global freight transportation and logistics services provider XPO Logistics Inc. announced two significant executive appointments this week, with the hiring of Kenneth Wagers as chief operating officer, a position in which he will oversee XPO’s operations in 32 countries, and former chief operating officer and transportation segment Troy Cooper earning a promotion to president, which XPO said is a newly created postion.
March trucking volumes are mixed, reports ATA The ATA’s advanced seasonally-adjusted (SA) For-Hire Truck Tonnage Index dropped 1.1% from February to March to 110 (2015=100), following a 0.8% (revised from a 2.6% decline) January to February decline.
BUILD is the new TIGER Based on news issued by the United States Department of Transportation, the TIGER program may have roared for the final time. The reason for that comes from a Notice of Funding Opportunity issued by the DOT to apply for $1.5 billion in discretionary funding through the Better Utilizing Investments to Leverage Development (BUILD) Transportation Discretionary Grants program.
Q&A: Matt Castle, VP of Global Forwarding Products & Services at C.H. Robinson Like all modes of freight transportation, especially these days, change is constant. And that is apparent in the air freight sector. Logistics Management Group News Editor Jeff Berman recently caught up with Matt Castle, VP of Global Forwarding Products & Services at C.H. Robinson, to get an inside glimpse of the current state of the market.
project44 announces $35 million in new funding Earlier this week, Chicago-based project44, a technology services provider offering standardized, secure Web service API (application programming interfaces) integrations enabling 3PLs and shippers to connect with carriers in real time said it has continued to stay on a solid path for funding, having raised $35 million in new funding since closing a $10.5 million Series A investment of growth capital in September 2016.