In this week's global wrap, we look back at B2B updates from week 26, including more recent commitments to adopt SAF and recent developments in unmanned air cargo delivery, with Dronamics and Hellmann announcing drone transport services as early as next year and DB Schenker and Volocopter conducting a joint static proof of concept for VoloDrone. Of course, we have the latest industry updates from the world's top airlines, airports, cargo handlers, forwarders and express operators, … [Read more...] about PLA Global Wrap: Week 26
PayCargo
PayCargo raises US$125 million in series B round
Freight payments platform PayCargo has snagged US$125 million series B investment by global venture capital and private equity firm Insight Partners. The series B round comes nine months after the investor injected US$35 million, and the company said this round of investment will allow them to expand into new markets, with a focus on security and data protection, to fit every part of the supply chain. “The incredible growth PayCargo has experienced since our initial investment is a … [Read more...] about PayCargo raises US$125 million in series B round
PLA Global Wrap: Week 17
In this week's PLA Global Wrap, we feature P&W and Air New Zealand's MRO joint venture as it celebrated its 20-year anniversary. We also have the latest on DB Schenker's new fleet of electric vehicles, Bolloré Logistics' planned construction of its largest pharma hub in Europe, and other industry updates from Cargolux, Dachser, and American Airlines for week 17's B2B recap . Oslo/Frankfurt: DB Schenker to deliver carbon-free in Norway DB Schenker announced an ambitious goal of … [Read more...] about PLA Global Wrap: Week 17
Air cargo veteran Michael White joins PayCargo’s board
PayCargo has appointed Michael White to its Board as the leading payments network for the global supply chain industry continues to grow and reach new markets. Michael brings more than 25 years of experience in the airfreight sector, having held senior positions at Frontier Airlines, United Airlines, Cargo Service Center, the Air Transport Association, SkyLink USA, Cargo Network Services, and most recently as the founder and president of Trade Network Consultants LLC. He has also served on … [Read more...] about Air cargo veteran Michael White joins PayCargo’s board
PayCargo snags US$35 million investment led by Insight Partners
PayCargo recently announced a US$35 million injection led by venture capital and private equity firm Insight Partners, based in New York. The online payments company said it will use the capital to expand its electronic payments network and explore investments in technology. As COVID-19 accelerates the adoption of online payments in the cargo market, the investment from Insight Partners comes at a time where vendors and payers are moving away from legacy, paper-based … [Read more...] about PayCargo snags US$35 million investment led by Insight Partners
Unisys unveils digital payments platform for air cargo
IT company Unisys announced the development of a new payment platform based on its proprietary Digistics™ air cargo software, a press release confirmed. The new platform enables cargo providers to move cargo faster and reduce payment costs, whilst providing more payment options, including direct automated clearinghouse (ACH) debits, prefunded accounts or credit card payments. Developed as part of a collaboration between Unisys and PayCargo, a provider of electronic invoicing and settlement … [Read more...] about Unisys unveils digital payments platform for air cargo
