Latin American logistics center created

CAMBRIDGE, Mass., Feb. 5 (UPI) -- A Colombia-based logistics company has an agreement with the Massachusetts Institute of Technology to create the Center for Latin-American Logistics Innovation.

The Massachusetts Institute of Technology's Center for Transportation and Logistics and LOGyCA, the Colombia logistics company, signed a $19 million agreement to create the research and education center for supply chain and logistics in Latin America.

Officials said CLLI will join MIT and the Zaragoza Logistics Center in Spain as the third member of MIT's growing international network of centers dedicated to supply chain education and research that now spans the United States, Europe and Latin America.

LOGyCA will house the new center in its Bogota headquarters, providing researchers and students access to the infrastructure and knowledge base that helped Colombia establish the largest collaborative technology platform in Latin America.

The partnership is based on a 10-year agreement, which begins March 1. The $19-million deal includes a $4 million gift from LOGyCA to the MIT Center for Transportation & Logistics.