freight forwarding

Business

Freight Forwarder Flexport Receives $1 Billion Investment From SoftBank

Flexport Flexport's Petersen speaks with staff at the company's office in San Francisco, Calif. (David Paul Morris/Bloomberg News)

SoftBank Vision Fund, along with several partners, has invested $1 billion in Flexport Inc., a full-service air and ocean freight forwarder, according to Flexport’s blog.

February 27, 2019
Business, Logistics

Magnate Worldwide Acquires Domek Logistics

Shipping and logistics company Magnate Worldwide has announced the acquisition of Domek Logistics. Domek will integrate as an additional branch of Masterpiece International, MWW’s international freight forwarding and customs brokerage subsidiary, according to a Nov. 2 press release.

Transport Topics
November 5, 2018
Business, Logistics

Delmar International Acquires CV Logistics

Delmar International, a Lachine, Quebec, company whose offerings include freight forwarding and warehousing and distribution, has announced the acquisition of CV Logistics, also in Quebec.

Transport Topics
October 18, 2018
Business, Equipment, Logistics

German Auto Innovator Rolf Schnellecke Selected for Logistics Hall of Fame

Rolf Schnellecke, a German executive who led a movement toward outsourcing of parts assembly by automobile manufacturers and the development of just-in-time delivery services, has been selected for the Logistics Hall of Fame.

Daniel P. Bearth | Staff Writer
September 10, 2018
Business, Logistics

AFF Global Buys Alaska Express

American Fast Freight TT file photo

Freight forwarder AFF Global Logistics purchased Alaska Express, a domestic freight forwarding firm serving the Alaska market.

Transport Topics
May 14, 2018
Business, Logistics

Dachser USA Expands Dallas Office to Enhance Access to Asian Markets

Dachser USA Dachser USA Air & Sea Logistics

Dachser USA Air & Sea Logistics has relocated and expanded its Dallas office in response to increased demand for access to Asian markets.

Transport Topics
November 13, 2017
Business

Freight Forwarding Networks Join Forces

WCA World, an association of independent freight forwarders with members in 193 countries, has acquired a majority interest in Elite Global Logistics Network, a smaller group of forwarders and logistics companies based in Morganville, N.J.

Transport Topics
October 17, 2017
Business, Logistics

Flexport Raises $110 Million to Fund Expansion

Flexport has raised $110 million in funding to “double down” on its web-based business model for freight forwarding.

Transport Topics
October 10, 2017
Business

Aerospace Freight Forwarder Aerostar Acquires Professional Freight Solutions

Aerostar Global Logistics, a freight forwarder that works mostly with aerospace clients, has acquired Professional Freight Solutions, which provides transportation management services, auditing and rate negotiations and supply chain consulting.

Transport Topics
August 28, 2017
Business

Freight Forwarders Admit to Price Fixing

Six international freight forwarders have agreed to plead guilty and pay $50.3 million in fines in relation to a price-fixing investigation, federal officials said.

Transport Topics
October 1, 2010