Accurate data on the millions of rules, regulations, tariffs and classifications that govern international trade is crucial to global trade management but not sufficient, says Anthony Hardenburgh, vice president of global trade content at Amber Road.
XPO Logistics Inc. has agreed to acquire all of the common stock of 3PD Inc., reportedly North America's largest non-asset, third-party provider of heavy goods, last-mile logistics, in a transaction valued at approximately $365m.
Envirotainer has signed a worldwide agreement with CHEP Aerospace Solutions to serve the cold-chain requirements of the pharmaceutical and healthcare industry.
As global trade management software has improved visibility to international shipments, companies have been able to enhance performance measures, moving from departmental indicators to broader metrics that drive coordination between departments, says Stephanie Miles, senior vice president of commercial services at Amber Road.
CarrierDirect has partnered with One Stop Critical to create a new container for moving temperature-sensitive freight on less-than-truckload (LTL) dry van carriers.
Among the biggest things that will affect the freight markets this year are the return of pricing power to carriers and the re-shoring/nearshoring phenomenon, according to CarrierDirect's semi-annual forecast on the state of the domestic freight industry.