FW: Proxy adviser on Norfolk Southern: overhaul board but keep CEO Shaw
FREIGHTWAVES reports: Norfolk Southern’s management has taken a second hit this week from an independent proxy advisory firm ...
Vishnu Rajamanickam reports for FreightWaves: “JUSDA, a supply chain platform that spun off Foxconn Technology Group, has raised $356 million in its Series A round – the largest private fundraising deal to happen in China this year. JUSDA works on business-to-business (B2B) supply chains, managing the movement of components to the manufacturing floor, and from the manufacturer to the end-consumer. The financing round was led by China Life Insurance Company with participation from China-based companies like China Railway Supply Chain Group, IDG Capital, and Ti Capital, indicating strong investor interest in unlocking value across the Chinese manufacturing market.”
Increasing scrutiny could stall rise of ecommerce platforms, as TikTok faces US ban
FAK rate hikes holding, with strong demand into peak season predicted
Déjà vu as major ocean carriers scramble for tonnage and containers
DSV could face $16m bill after helicopter is written off in haulage accident
Trade growth getting stronger, but ocean freight rates stay flattish
Rising costs of port congestion force surcharge by Asian feeder operators
Global airfreight volumes blooming as flower shipments take off
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