Navigating tariffs: 'like trying to solve a Rubik's cube while colour-blind'
Logistics providers tasked with ‘providing clarity’ to customers have a near-impossible task when they themselves ...
© 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 ...
Comment on this article