Freight management software provider Cargobase is expanding into Mexico to tap into cross-border, near-shoring, and Latin American market opportunities for its procurement and execution tools.
Nowports has landed a cash infusion from logistics technology investor SoftBank to expand its reach in the LatAm market, as investment in the so-called digital forwarding model shows no signs of slowing.
Canadian Pacific Railway and Kansas City Southern have run their first-ever Mexico to US Midwest international intermodal train together as the US Surface Transportation Board reviews the merger of the two railroads.
The acquisition of cross-border specialist Forager Group will help multi-modal logistics provider Arrive offer shippers more visibility, connections, and capacity.
A $60 million funding round into LatAm forwarder Nowports continues a trend of late-2021 cash infusions into early-stage logistics startups by big-name investors, including Tiger Global and SoftBank.
Venture capital firms have boosted the coffers of two startups aiming to empower the domestic and cross-border trucking industry in Mexico as investment into logistics technology providers continues.
Desire for “one-stop shopping” leads to the consolidation of Transport America and MCT with long-haul truckload carrier CFI to create a broader — not just bigger — trucking company.
project44 is continuing its venture capital-fueled offensive to build a global, multimodal footprint by expanding in the Latin American market, where it currently has a limited footprint.
A Chicago-based trucking platform focused on cross-border freight has launched a contract board for small carriers to find repetitive, complementary loads from large shippers.
Canadian National has bowed out of its pursuit of Kansas City Southern, two weeks after US regulators threw up a major roadblock to a proposed deal, clearing the way for Canadian Pacific to apply for regulatory approval for its deal with the US-Mexico railroad.
Canadian Pacific CEO Keith Creel, in a new hardline stance, said his company has been patient long enough with Kansas City Southern and will walk away on Sept. 13 unless it has a deal in place.