This is an excerpt from Medically Necessary, a health care supply chain newsletter. Subscribe here. The idea: A California company producing active pharmaceutical ingredients with engineered yeast raised $73 million to bring its first product to market. The company, Antheia, will…
When you switch to AIT Worldwide Logistics for automotive shipping you’re partnering with a team of logistics professionals in Asia, Europe and North America who develop customized supply chain solutions that are just as unique as your business. Whether it’s…
French logistics company Geodis said Tuesday that it has acquired freight broker Velocity Freight Transport Inc. from McLane Co. Inc., a unit of conglomerate Berkshire Hathaway Inc (NYSE: BRK.A, BRK.B) Terms of the transaction, which closed June 30, were not…
The monthly Logistics Managers’ Index (LMI), which tracks U.S. transport, warehousing and inventory activity, posted the second-highest reading ever last month, as the nation’s supply chains continued to strain under the trinity of surging demand, tight supply and logistics networks…
Retailers have never had this much on their plates. In the era of ever-changing and evolving technology, there are more opportunities to engage customers than ever before, but the constraints of time and money make it nearly impossible for retailers…
All the experts said spot ocean rates would pull back in the second half. The second half has now begun. Not only are spot rates not falling, they’re still rising. Much higher H2 spot rates than expected, combined with double-digit…
To view more FreightWaves infographics, click here.
On June 26, 1956, the U.S. Senate and U.S. House of Representatives approved a conference report on the Federal-Aid Highway Act (also known as the National Interstate and Defense Highways Act). Three days later (June 29, 1956), President Dwight D.…
Nowports, a Mexico-based digital freight forwarder, announced it has raised $16 million in Series A funding. The capital will allow Nowports to continue digitizing supply chain services from Asia and the United States to ports across Latin America, company officials…
To view more FreightWaves infographics, click here.
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