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Freightify secures funding

The Singapore-based Freightify rate management has secured $12m in Series A funding, led by Sequoia Capital India with participation from TMV and Alteria Capital, to further develop its suite of products for freight forwarders. Freightify provides rate automation solutions to digitize procurement, management and quotation processes and allows forwarders to create a digital storefront. It also includes track and trace solutions that give live location of vessels and automated milestones. ... [+]

DSV posts one-third profit increase

Danish-based forwarding and logistics company DSV says it delivered a strong result in 2022, driven by good performance across all business areas. Gross profit increased by 33%, while EBIT before special items grew by 48% and adjusted free cash flow more than doubled compared to ... [+]

Liverpool forwarder Warrant becomes employee owned trust

Liverpool based freight forwarder Warrant Group has become an employee owned trust after owners Ian Jones and Lynsey Morrison sold 90% of their shares. They will step back from the business over time. Andy Simpson (pictured, below) has been made managing director and John Healy finance ... [+]

Time to consider SPs, says customs software firm

Traders can save costs by using Customs Special Procedures (SPs), said software solutions provider Customs4trade (c4T) in a recent series of webinars. SPs have become more pertinent since the UK left the Single Market, and C4T has seen a big increase in enquiries over the past ... [+]

UPS revenue droops in fourth quarter

UPS reported revenues down 2.7% from last year at $27.0bn in its fourth quarter 2022 earnings. However, for 2002 as a whole, revenue increased 3.1% to $100.3 billion. Diluted earnings per share were $3.96 for the quarter and adjusted diluted earnings per share were $3.62, ... [+]

Top tips to avoid export headaches

ParcelHero has compiled five ‘dos’ and ‘don’ts’ for exporters in 2023. The list of ‘dos’ from the parcels broker are: Make the most of the over 70 free trade agreements the UK now has in place, from Albania to Vietnam, including a £38.8bn deal with Switzerland and ... [+]

Hapag-Lloyd invests in India

Hapag-Lloyd is to acquire 35% of Indian private terminal and inland transport service provider JM Baxi Ports & Logistics (JMPBL) from a Bain Capital Private Equity affiliate, for an undisclosed amount. It has also signed a binding agreement with JMBPL and its promoters, the Kotak ... [+]

Update: UK competition watchdog calls for liner block exemption to continue

The UK’s Competition and Markets Authority (CMA) has recommended that the Liner Shipping Consortia Block Exemption Regulation (CBER) be replaced by a Liner Shipping Consortia Block Exemption Order (CBEO) tailored to the needs of UK businesses and consumers when it expires on 25 April 2024. However, ... [+]

‘Poor connections hold back Northern gateways’

The Transport for the North (TfN) regional grouping has published an International Connectivity and Aviation policy paper, pointing out that only two in five exports leave through sea or air gateways in the region. It builds on TfN’s previous policy on International Connectivity which highlighted the ... [+]

BIFA takes the Pledge to green global supply chains

The British International Freight Association (BIFA) is cooperating with the Pledge carbon measurement and offsetting platform to help its members better understand and address environmental issues affecting international supply chains. Pledge will provide BIFA with resources to guide members on what to do to address ... [+]