Ports struggle with congestion as Red Sea crisis and front-loading boost volume
The latest port congestion data reveals that shippers are grappling with extensive dwell times as ...
GM: AUTO WOES HERE TO STAY WMT: FULFILMENT AND MARKETPLACE APPEAL RXO: DOWN TO NEW EQUITY PRICING VALUEAMZN: UK DATA CENTRES INVESTMENTUPS: GERMAN BOLT-ON DEALAAPL: PAY YOUR DUESWTC: LOST FOR WORDS DSV: STEADY DOES ITRXO: COYOTE EQUITY FUNDING 'UPSIZED'RXO: RIGHTS ISSUEGXO: DEFENSIVEMAERSK: MSC RIVALRY INTENSIFIESWTC: REMARKABLY STRONG BA: LABOUR DEALFDX: NEW PARTNERATSG: RIVAL IPO
GM: AUTO WOES HERE TO STAY WMT: FULFILMENT AND MARKETPLACE APPEAL RXO: DOWN TO NEW EQUITY PRICING VALUEAMZN: UK DATA CENTRES INVESTMENTUPS: GERMAN BOLT-ON DEALAAPL: PAY YOUR DUESWTC: LOST FOR WORDS DSV: STEADY DOES ITRXO: COYOTE EQUITY FUNDING 'UPSIZED'RXO: RIGHTS ISSUEGXO: DEFENSIVEMAERSK: MSC RIVALRY INTENSIFIESWTC: REMARKABLY STRONG BA: LABOUR DEALFDX: NEW PARTNERATSG: RIVAL IPO
REUTERS reports:
Amazon.com Inc Chief Executive Jeff Bezos has picked British startup Beacon, a digital freight forwarder, for his latest investment.
Beacon said on Sunday it raised over $15 million in Series A fundraising, from investors including Bezos and venture capital firm 8VC.
The startup, formed by two former Uber Technologies Inc executives two years ago, is already backed by Uber founders Travis Kalanick and Garrett Camp, along with former Google CEO Eric Schmidt.
Beacon is also a supply chain finance firm that provides real-time data of cargo delivery and a marketplace view of global shipping costs and prices.
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You may also want to read this: “UK digital freight forwarder Beacon closes $15 million Series A fundraise, with investment from Jeff Bezos”
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