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By Paul Page Sign up: With one click, get this newsletter delivered to your inbox. The global shipping industry is looking for calmer sailing under a Biden administration. Shipowners across a range of sectors say their operations were roiled by the tariff-filled trade showdowns and sanctions by the White House over the past four years. The WSJ Logistics Report s Costas Paris writes in a Shipping Matters commentary that the persistent volatility unsettled many operators, even those that profited from the turbulence, like tanker operators that raked in high shipping rates early last year. Industry executives don t expect a fast resolution of trade differences between the U.S. and China under President Biden. But they hope the administration will work quietly to normalize trans-Pacific relations and that trans-Atlantic trade in products from consumer goods to industrial minerals moves at a steadier pace. Uncertainty may have kept
Dec. 21, 2020 6:30 am ET
Logistics technology provider project44 raised $100 million in a Series D funding round that will help to expand the reach of its supply-chain visibility software and build its business as it weighs a potential public stock offering over the long term.
The funding round was led by existing investor Insight Partners, and backing from 8VC, Emergence Capital Partners, Omidyar Technology Ventures, Sapphire Ventures LLC, Sozo Ventures, and Underscore VC.
The investment is the latest in a growing surge of financial support going to digitally-focused logistics providers and software startups that are looking to bring new technology tools that help companies run supply chains more efficiently.