Freightmate Ai raises $5M, highlights need for flexible freight forwarding tech

Freightmate Ai announced Thursday it has closed a $5 million seed round led by FUSE VC to continue building out its freight forwarding management system after experiencing rapid growth since a pre-seed raise in June.

Bryan Lacaillade, co-founder and CEO, told FreightWaves in an interview the company focused on the evolution of its document automation service Docmate since its last raise, transforming its beta version into a more robust, scalable product that now supports over 25 document types...

https://www.freightwaves.com/news/freightmate-ai-raises-5m-highlights-need-for-flexible-freight-forwarding-tech

Roaring volume has Port of Los Angeles eyeing $1 trillion in imports

The busiest U.S. ocean container gateway could soon be handling $1 trillion worth of imports in a single quarter amid a roaring economy and resilient consumer spending.

Record volume of 954,706 TEUs in September, up 27% y/y, helped drive all-time high volume of 2,854,904 million TEUs in the third quarter, according to data released today by the Port of Los Angeles.

Imports totaled 497,803 TEUs in September, ahead 26% as shippers got an earlier-than-usual start bringing in end-of-year holiday...

https://www.freightwaves.com/news/roaring-volume-has-port-of-los-angeles-eyeing-1-trillion-in-imports