Freight Tech Startup Forto Raises $240 Million in Softbank-led Round
Forto has raised $240 million from investors led by Softbank (9984.T), the freight technology startup said on Monday, and will invest in expanding its platform for organizing trade shipments between China and Europe.The five-year-old Berlin firm offers a single platform for managing the journey of a shipping container from origin to destination - a task long handled with pen, paper and post-it notes, said Forto CEO and co-founder Michael Wax.“A shipment from Shanghai to a warehouse in Berlin should not be more difficult than a payment via Paypal or Stripe today…
Schmiedag and Wildauer Schmiedewerke: 'We Forge Partnerships'
Olaf Wiertz, Sales Director at Schmiedag GmbH (SDG) and Wildauer Schmiedewerke GmbH & Co. KG (WSW) said: “We are more than just a supplier to our customers – we are their partner. Based decades of experience and the accrued knowledge of its employees, SDG and WSW seek to set world standards in the forging technology. Both companies together (also including a facility in Homburg for machining) form the closed-die-forging group within the more the Georgsmarienhuette (GMH) group, which is more than 150 years old.
MTU Exhibits at Innotrans 2014
MTU Friedrichshafen, a subsidiary of Rolls-Royce Power Systems AG, will be exhibiting its drive and service solutions at the international trade show for railway technology Innotrans from 23 to 26 September in Berlin in hall 18, booth 301. The company will be celebrating an anniversary on this occasion: Products from MTU have been driving the rail industry for 90 years. The exhibits include a historical Maybach GO 5 engine as well as current drive solutions such as an underfloor engine from the Series 1600 and a locomotive engine from the Series 4000. Automation solutions and services complete the MTU product range at Innotrans. Karl Maybach laid the foundation for rail drives of the MTU brand 90 years ago with the first high-speed railcar diesel engine in the world, the Maybach G 4a.
