CargoSprint

PayCargo collects $16M from CargoSprint in FreightTech trademark case

PayCargo, a multimodal freight payment platform, said Tuesday it has collected $16.4 million after the 11th U.S. Circuit Court of Appeals in April upheld a lower federal court decision sanctioning rival CargoSprint for breach of contract and unauthorized use of PayCargo’s federal trademarks.

A judge in the U.S. District Court for the Southern District of Florida in late 2022 ordered CargoSprint to stop using the PayAirCargo name in transactions, social media and other contexts and to pay nearly...

https://www.freightwaves.com/news/paycargo-collects-16m-from-cargosprint-in-freighttech-trademark-case

FreightTech firm PayCargo awarded $11.6M in trademark case

A laptop with a Freight delivery truck icon and someone holding a credit card showing payment.

A federal judge has ordered CargoSprint, an electronic payment and truck appointment platform for air freight logistics providers and cargo facilities, to pay larger rival PayCargo $11.6 million for trademark infringement and breach of contract related to a 2016 settlement between the companies.

The dispute centered on CargoSprint founder Joshua Wolf initially naming the company PayAirCargo in 2012 despite knowing of PayCargo’s existence. The court determined the similar names created confusion...

https://www.freightwaves.com/news/freighttech-firm-paycargo-awarded-116m-in-cargosprint-trademark-case

PayCargo helps shippers, forwarders pay it forward

PayCargo

The downturn in imports and exports over the past five months due to the coronavirus pandemic has left many small and mid-sized companies wondering if they will be financially prepared to participate in the global economic recovery.

Strict COVID-19 travel restrictions and reduced freight volumes have severely disrupted cash flow between the myriad players typically involved in international freight transactions – shippers, freight forwarders and customs brokers, and carriers.

Philip Philliou,...

https://s29755.pcdn.co/news/paycargo-helps-shippers-forwarders-pay-it-forward

Cargo clogs U.S. airports as freighters proliferate

Big white 747 freigher with nose cone up to load cargo.

Snapshot: Cargo congestion is a big problem behind the scenes at some major U.S. airports. The coronavirus forced big industry changes that have exacerbated existing inefficiencies due to poor coordination and infrastructure.

  • Ground handlers are understaffed and big freighters are dumping cargo faster than they can process it.
  • The lack of passenger flights has changed the entire dynamic of cargo handling at airports.
  • New technologies are helping to improve communication among airliners, freight...

https://s29755.pcdn.co/news/cargo-clogs-u-s-airports-as-freighters-proliferate