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Investors are pouring money into Latin America's logistics and shipping businesses TechCrunch

https://techcrunch.com/2019/02/12/investors-are-pouring-money-into-latin-americas-logistics-and-shipping-businesses/
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Feb 12, 2019 12:06 PM 2+ mon ago

Investors are pouring money into Latin Americas logistics and shipping businesses

New technology companies are poised to transform the shipping and freight industry across Latin America.

Startups like Liftit, a Colombian provider of trucking services, and Nowports, a Mexican freight shipping startup, are angling to be the next Convoy and Flexport -- at a time when shipping and logistics business in Latin America is booming thanks to increasing trade coming from China.

In the first half of 2018, Chinese foreign direct investment in Latin America increased to a whopping $15.3 billion at the same time it plummeted in the U.S. to $1.8 billion. And while much of that investment had historically gone to minerals and natural-resource extraction or agriculture, China is also making infrastructure investments -- just as it has in Africa.

"The most exciting sectors for innovation in shipping are in trucking, consumer/third-party shipping options, and in last-mile delivery," writes the ...

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