The inaugural $570 million funding round will be used to reduce train-vehicle collisions and rail crossing blockages within the United States.

Made4net will continue to operate as an independent subsidiary of Ingka Group, which owns and operates 482 IKEA stores in 31 countries.

Less than 50% of life science companies currently have access to real-time data while less than a third use this data to make real-time business decisions.

Lower oil prices and concerns about slower economic growth globally have weighed on the market, and the MSCI GCC Countries Index has fallen almost 13% in the past year.

Companies around the world must adopt new strategies to limit supply chain disruptions.

Shoppers are pulling back on discretionary items like electronics and home projects and instead focusing on home essentials.

Schenker is likely to attract bids from rival logistics companies, including Danish transport giant DSV A/S, Germany’s Deutsche Post AG and Switzerland’s Kuehne + Nagel International AG.