Multiple sources with knowledge of the situation say that real-time visibility company FourKites plans to shut down ocean shipping document management and tracking solution Haven by the end of this year. Mathew Elenjickal, Haven's founder and CEO, says that Haven has just become a part of a bigger platform. Elenjickal...
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Hyzon Motors’ stock plummets after the company revealed financial difficulties.
Hyzon Motors is the latest electrification startup to fail following its initial public offering via a special purpose acquisition company. The manufacturer of hydrogen fuel cell systems for heavy-duty trucks revised its financial outlook, sending its stock down 38%. Hyzon informed the Securities and Exchange Commission late Thursday that it...
CBP pushes the commerce community to become paperless and use electronic export manifests in the borderlands.
CBP encourages the commercial community to use electronic export manifests. CBP thinks that fully digitizing and automating export-related filings prior to outbound departure from the United States can save the trade community crucial time and money. Since 2018, CBP has been running an electronic export manifest (EEM) trial program for...