CBP won't be ready for flood of extra processing after de minimis pause
Preparing US customs systems for the end of the US de minimis exemption on imports ...
© Wutthichai Luemuang
By Alex Lennane
Digital German forwarder Forto has raised $240m in funding, led by SoftBank’s Vision Fund, giving it a valuation of $1.2bn.
Forto, founded in 2016 as FreightHub, said it would expand geographically and invest further in its technology platform.
Increasing numbers of digital start-up forwarders are receiving significant funding – last month, Forto rival Zencargo raised $42m in series B financing, which will see it more than double its global team.
The funding also reveals SoftBank’s comeback. The bank, which also led a $1bn ...
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