LOGISTICS/COURIER

By James Blackman A sure sign of spiralling interest in asset tracking; US supply-chain software outfit project44 has raised an US$80 million funding round led by UK-based investment company Generation Investment Management and Denmark-based A.P. Moller Holding, the investment arm of A.P. Moller Maersk, and parent of container shipping company Maersk Line. The round values project44 at US$2.7 billion – 12 per cent higher than its value after a Series F round in January, which raised $420 million, including from Thoma Bravo, TPG, and Goldman Sachs Asset Management. Goldman Sachs...

By Cyber Era Staff DHL Global Forwarding, Deutsche Post DHL Group’s air and ocean freight specialist, has expanded its Life Sciences & Healthcare (LSH) facility in Leipzig by approximately 2,500 square meters. The center is very close to Leipzig Airport and houses state of-the-art equipment for storing and handling temperature-controlled pharmaceutical and medical products, such as vaccinations. After Frankfurt am Main, Leipzig is the second DHL Global Forwarding facility to be expanded in terms of capacity and equipment. DHL has successfully achieved IATA CEIV Pharma recertification for its GxP (good...