The joint venture between CHS and GROWMARK, Cooperative Ventures, has announced an investment in an AI logistics technology company that focuses on inland and coastal marine transportation. OpenTug uses a cloud-based platform to connect shippers, barge operators and terminals. Traditionally, marine transportation has been a complex and paper-heavy business. This technology will help businesses save time, reduce costs and enhance supply chain logistics. Cooperative Ventures is a venture capital fund founded in 2021.
