Masterpiece International is proud to announce the opening of a new full-service Chicago Gateway Operation. The strategically located facility provides an enhanced and comprehensive set of logistics capabilities in the market.
Magnate Worldwide is pleased to announce the acquisition of Cargo Logistics Group, a leading custom logistics service provider. CLG will become part of Masterpiece International and expand its footprint, adding a direct presence in the Baltimore and Washington D.C. areas.
Masterpiece is excited to announce its LCL Advantage Service, a distinctive solution that will help stabilize supply chains amid ever-changing capacity and uncertain markets. Masterpiece International’s managed Interior Point Intermodal (IPI) network provides comprehensive coverage from origins in China and Taiwan to destinations throughout North America.
Innovative technology enhances Masterpiece International’s premium services and provides a best-in-class customer experience portal.
Magnate Worldwide is pleased to announce that it has been acquired by Littlejohn & Co., a private equity investor with a long track record of successfully building value in middle market companies.
Software enhances Masterpiece’s services, and provides a shared communication platform.
Purchase strengthens Magnate’s platform, enhances Masterpiece International.
Due to COVID-19 quarantine requirements, feeder operators have announced their services to be suspended from mid-January to the end of February 2021.
Market update for TPEB Ocean, airfreight, supply chain security, and insurance.
Capacity and equipment availability is extremely tight out of all Asia ports. Sailings are all currently booked out until mid-November.
Though most TPEB carriers extended September rates until the end October, carriers are signaling that rates will increase next month. This will increase rate levels to a record high, driven by high demand and limited capacity.
Expect most carriers to extend their September rates until the end of October.
