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Freightos completes plan to go public on NASDAQ exchange, raises $80 million
Freight booking platform merges with SPAC to fund its growth strategy.
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Global
WiseTech buys New Hampshire drayage and trucking visibility software firm for $230 million
Australian firm says Envase deal will complement its CargoWise logistics optimization platform.
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Survey: Lunar New Year could have bigger supply chain impact than last year
Respondents predict increase in port congestion and delayed container journeys as China re-opens in February after years in “Zero covid” lockdown, Container xChange says.
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December volatility index shows recession risk
GEP study finds declining demand for raw materials, return to “safety stock” holdings as China covid levels rise.
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CSCMP NOTEBOOK
CSCMP members raise $15,000 for logistics relief efforts in Ukraine
Run by the Ukraine Roundtable, relief fund supports the delivery of food and medical supplies to those affected by the war in Ukraine.
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Dense tiers of suppliers may mask carbon “hot spots,” Accenture says
Sustainability report maps out supply chains to trace Scope 3 emissions.
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CMA CGM to acquire New York and New Jersey terminals operated by GCT
Acquisition will complete the French logistics firm’s portfolio of seven terminals in the U.S.; will support U.S. East Coast supply chain growth.
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Global container flows slump as warehouses are already stocked with goods
Move could lead to overstocked container depots, rising storage fees, says Container xChange.
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