Almost 1 billion for Flexport 
San Francisco-based Flexport, a technology platform and digital forwarder, has closed a USD 935 million series E funding round. Investors include Andreessen Horowitz and MSD Partners. In addition to existing partners DST Global, Founders Fund and Softbank Vision Fund, new... plus
C&L Aerospace partners with Legends Airways
C&L Aerospace, a C&L Aviation Group company, has signed a multi-year agreement with Legends Airways to provide power-by-the-hour services for its fleet of Saab 340 B+ cargo aircraft. Along with PBH, Legends committed to a supply agreement that includes rotables, engine... plus
Intercontinental dwell times increased
In its recent analysis, Chicago-based software developer and intelligence provider Four Kites reports that reliability in shipping has again deteriorated over the last year. In total, the average dwell time at the port of discharge (POD) is 240 hours (up 6% from the 2021... plus
US railroad invests in automated trucking
Union Pacific Railways (UP) will become the first customer to move freight on Tu Simple’s fully-automated trucking route between the Tucson and Phoenix (AZ) metro areas. UP is leveraging Loup Logistics (Loup), a wholly owned subsidiary, to coordinate freight shipment and... plus
First Atlantic crossing for “The Little Prince”
“The Little Prince” – one of the world’s best-selling books – was written in the USA in 1942, before author Antoine de Saint-Exupéry left to fight in North Africa in 1943. The original manuscript of the book was sold to the Morgan Library & Museum and never crossed the... plus
Houston excels in container throughput
The Texan Port of Houston's throughput in 2021 amounted to almost 52 million t in total. The port’s previous record cargo tonnage (48.2 million t) dates back to 2019. 3.5 million teu were handled, a 15% increase compared to 2020 when Port Houston’s container teu passed the... plus
C.H. Robinson all over the ocean
3PL C. H. Robinson has released its full-year results for 2021: revenues went up by 42.5%, amounting to USD 23.1 billion. Operating income grew almost to the same extent, with a 37.8% uptick to USD 1.08 billion. Yet, profit margin rose only slightly from 4.15% in 2020 to 4.68%... plus
Bpost picks Henri de Romrée
Henri de Romrée will become CEO of Bpost Group's e-logistics North America business unit, including accountability for the group's affiliated companies Radial, Landmark Global, Apple Express and FDM. He will report to the CEO of Bpost Group and join its executive committee... plus
Complementing the ‘pipeline in the sky’
H2 Clipper has been awarded US Patent 11,236,864 on a new technology that solves the ‘last-mile’ problem of hydrogen distribution, while assuring hydrogen purity. The patent for a ‘pipe-within-a-pipe’ technology covers the system, method and apparatus for the safe and... plus
Growing in style
Miami International Airport (MIA) handled 2.7 m t of freight in 2021, shattering its previous record of 2.3 m t in 2020 by 17%, for its second consecutive year of growth. International freight grew by 17% to 2.2 m t, domestic freight by 15%. MIA continues to rank as the... plus