MacroPoint, creator of a multimodal freight tracking network that provides shippers, logistics service providers and carriers real-time visibility into load status, has received a $44m investment from Susquehanna Growth Equity, LLC (SGE). The company says it plans to accelerate investment in product and network expansion, both in the U.S. and internationally.
More than a quarter of all goods traded between the UK and Europe, worth around £91.4bn ($113.82bn) a year, come through the Channel Tunnel, a report has found. In its report, "Economic Footprint of the Channel Tunnel Fixed Link," Ernst & Young found that 30 percent of UK exports, worth £43.6bn ($54.3bn), and 22 percent of imports, worth £47.8bn ($59.53bn), to and from the EU depend on the tunnel.
Pitney Bowes, a global commerce technology company, says parcel shipping volume will grow at an annual rate of 5 to 7 percent through 2018, with cross border shipping leading the way, according to the company's Parcel Shipping Index annual report.
Both UPS and rival carrier FedEx have announced e-commerce partnership as they head into the busy holiday shopping season that kicks off with Cyber Weekend.
The coming presidency of Donald Trump may still seem like a question mark across the American landscape, but at least one air cargo group is excited about one of his campaign pledges. The Airforwarders Association is holding the incoming Trump Administration to its promise to invest $1tr to rebuild the nation's public works projects, such as highways, bridges, tunnels, airports, schools and hospitals.
Regulations to protect people from falling drones moved a little closer to takeoff at the European Parliament. Ensuring drone safety took on a new urgency last week, with GoPro's recall of its Karma drone after unexplained mid-air power failures caused a number of them to drop out of the sky.
A year after Deutsche Post DHL Group (DP-DHL) pulled the plug on its comprehensive IT system, much has gone right for the express mail and logistics company, leading to what it describes as the strongest third quarter in the company's history.