XPO raises $3.26 billion to cover acquisitions
The logistics roll-up company will raise the funds in both equity and the sale of senior notes to finance current and future acquisitions.
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The logistics roll-up company will raise the funds in both equity and the sale of senior notes to finance current and future acquisitions.
Ocean carrier United Arab Shipping Co. will enter the transatlantic trade via partnership agreements with fellow Ocean3 member CMA CGM and Hamburg Sud.
Express carrier will spend $108 million to increase cargo handling capacity at Cincinnati/Northern Kentucky airport.
April figures reinforced trends that emerged early in 2015, according to industry analyst World ACD.
Logistics services provider GAC Group has opened new offices Atlanta, Detroit, Chicago and Los Angeles.
The Federal Aviation Administration has proposed a $70,050 civil penalty against the University of Wisconsin-Madison for alleged hazmat regulations violations.
Pasha Group acquired Horizon Line’s Hawaii trade lane operations, while Matson took over the ocean carrier’s Alaska business.
The benefits of upsizing are beginning to plateau and require more infrastructure investment, according to a new report by the OECD’s International Transport Forum.
Rates on routes from Shanghai to the United States, on the other hand, rebounded from last week, according to estimates from the Shanghai Shipping Exchange.
The $1.2 billion acquisition will significantly diversify the Japanese forwarder’s service portfolio.
The Federal Railroad Administration will supply a $6.8 million Railroad Rehabilitation and Improvement Financing loan to the Arkansas and Missouri Railroad.
Airfreight carrier will add Detroit to its list of daily flights to and front London Heathrow airport, effective June 1.
The Swiss freight forwarder said former agent Afifi will be “fully integrated” into its operation.
“Every participant in the supply chain will have a role to play” in solving congestion issues, according to a new report from carrier group World Shipping Council.
The first of seven groups will meet early next month to discuss issues surrounding the upcoming peak season.
The ocean carrier will deploy a dozen of its own vessels on its Andes Service, formerly a joint offering with Hapag-Lloyd and CMA CGM.
AIIS warned this “negative trend is now growing more pronounced, and, if it continues, the year-to-date total could soon fall below 2014.”
The international express parcel carrier will invest $5.3 million in 2015 for infrastructure, technology, and customer service development in Thailand.
The Federal Aviation Administration has proposed civil penalties ranging from $54,000 to $81,669 against three companies for allegedly violating federal hazmat rules.
The maritime services provider’s new facility includes mission bridge and engine room simulators, a culinary and hospitality instruction center, two housekeeping training areas, and a full suite of classrooms and […]
Great Lakes port expects the first phase of dock reconstruction to be completed by 2016.
The luxury retailer also said U.S. port congestion negatively impacted its margins in first quarter 2015.
French ocean carrier will commence transatlantic operations on a new joint pendulum service with Hamburg Sud and UASC this month.
A fire broke out on the Marshall Islands-flagged Purple Beach, causing the crew to evacuate due to toxic gas and fears of explosion.
Ocean carrier adds calls to Norway and Sweden to its feeder services in North Europe.
Parcel giant will begin offering express delivery, contract logistics and freight forwarding services in the Southeast Asian nation.
The Federal Aviation Administration has proposed a $227,500 civil penalty against AmplaChem of Carmel, Ind.
The airfreight carrier will operate daily Boeing 777-200ER flights from Heathrow Airport in London to the growing Malaysian trade hub.
C.H. Robinson appoints new CFO and CIO, while Transfix names senior VP of sales.
Average annual exports in the Asia Pacific region grew from $4.1 billion for the five years before free trade agreements to $6 billion for the five years following their introduction, […]
SeaLand and APL ships will call Packer Avenue Terminal at the Port of Philadelphia.
The luxury and lifestyle retailer handles well-known brands such as Victoria’s Secret and Bath & Body Works in Southeast Asia.
Norfolk Southern adjusts intermodal operations oversight, while Suddath Cos. appoints new CEO.
The International Longshore and Warehouse Union said 82 percent of its members voted in favor of ratification.
Changes to Maritime Security Program could harm other U.S.-flag carriers.
Strategic View with Walter Kemmsies Given trends in place, freight logistics managers and transportation planners should be factoring in intermodal more than ever before. During the last 15 […]
Manufacturer of server components uses TMS to automate transportation management.
This is an eventful year for new technology being introduced at container terminals with the opening of APM Terminals Maasvlakte II in Rotterdam, and introduction of leading-edge systems at […]
Container Analytics with Ben Meyer Hamburg Süd must feel like the prettiest girl at the dance these days. Speculation about the German ocean carrier has been running rampant the past few […]
Express package delivery and logistics services provider DHL is trying out a number of innovative approaches to support the growing demand for electronic retail transactions. The idea that […]
Clamor over detention and demurrage fees is growing among shippers.
U.S. Customs’ five-week postponement of mandatory filing of electronic air import manifests through a new IT system is actually a positive development and reflects well on the agency’s ability […]
Tom Sanderson, chief executive officer of the progressive third party logistics firm Transplace, recently told an audience of shipper and carrier representatives in Dallas: “It’s a great time to […]
Pitney Bowes and Borderfree together will extend their global reach.
Greenbriar Equity investment gives 3PL resources for expansion.
Does your warehouse contract have a “dishonest acts” exclusion? If so, beware. That may be the takeaway from a recent court decision. (Warehouse Wines & Spirits, Inc. v. Travelers […]
XPO Logistics Chief Executive Officer Brad Jacobs continues to leverage technology to disrupt the hidebound logistics industry and gain market share in fragmented markets such as truck brokerage. […]
XPO continues aggressive acquisition spree with European 3PL and U.S. drayage firm.
Together with Dynamex, the two units will offer final mile delivery in more than 70 markets.
Energy and Water Development Appropriations Bill substantially increases funding to the Army Corps of Engineers for waterway and port infrastructure projects during fiscal year 2016.
Analysts see no let up in rate volatility as big ship deliveries continue.
According to the denial order, the Iraq-based carrier sought to acquire for Mahan Air at least two Airbus aircraft that were located in the United States.
Investment firm Avondale Partners expects truckload pricing to increase 4%-9% in 2015.
Rates were down again in April 2015 after falling 1.6% in March 2015, according to the latest Cass Intermodal Price Index.
Port of Dammam terminal operator International Ports Services set a record for the first four months of 2015.
A $90 million project will allow increased exports of potash, LNG and other commodities.
The company’s 17,000-square-meter facility guarantees immediate availability to ULDs, maintenance and repair services at Germany’s largest air traffic hub.
Industrial logistics property developer will add a distribution center near the Georgia port and truck depot in Joliet.
Old Dominion Freight Line changes up chief executives, while Satellite Logistics Group adds to IT leadership.
The Southern California port plans to acquire 3,000 container chassis in two steps.
Harbor Trucking Association also received a grant that will expand its training program for truckers.
Ocean carrier has agreed to order 10 containerships with 2,800 TEUs of capacity, with more orders possibly on the way.
Shanghai-based shipping company Min Sheng Lines says it has ambitions for additional services as well.
The Japanese ocean carrier will deploy a series of new 7500-unit capacity roll-on/roll-off cargo ships on the project beginning in July.
Marine vessels using alternative technologies to reduce particulate emissions will see dues reduced by up to 30% at the Belgian port.
Port Catoosa in Tulsa, Okla., handled 146,687 tons of cargo at its dock in April, less than in March due to reduced fertilizer volumes departing the port.
The Georgia Ports Authority board earlier this week approved a $5.85 million expenditure for 20 new refrigerated container racks at its Garden City Terminal.
Envirotainer names COO, while UPS appoints engineering VP and V.Group hires new communications head.
The Pacific Maritime Association voted to approve the deal in advance of the International Longshore and Warehouse Union member ratification vote Friday.
Recent statistics from Drewry and CargoSmart show on-time performance at 67.6 percent on the three major east-west trade lanes.
Participation of east-west carriers in four large alliances is “cause for concern,” according to John Lu, chairman of the Singapore National Shippers’ Council.
Revenues fell for the Israeli carrier as it withdrew from trades that are not part of its long-term focus.
UPS agreed to pay $25 million to resolve allegations that it submitted false claims to the U.S. government in connection with its delivery of next-day packages.
Ocean carriers look to launch their new joint service between the United States East Coast, Central America and South America in late June or early July.
The U.S. International Trade Commission has determined that domestic manufacturers of 53-foot dry shipping containers aren’t harmed by similar Chinese imports.
The index increased 1% compared to April of 2014, according to the American Trucking Associations.
The 84-member crew of the Fugro Symphony was evacuated after a fire broke out on the ship early Wednesday morning.
Pennsylvania potato chip maker will use the web-based system and services to optimize its more than 1,000 transportation lanes from Louisiana to Maine.
Kalmar, a subsidiary of Cargotec, has received an order to supply another 18 rough-terrain container handlers to the U.S. Defense Department.
The Swedish furniture retailer said the proposed combined distribution hub would serve the inventory needs of its stores throughout the U.S. Midwest.
Murray Grindrod Sr., who worked at Grindrod Ltd. for 50 years, 21 years of which he served as chairman, died May 16.
Since they are so critical to trade, negotiations between dockworkers and employers should be governed in same way as railroads and airlines, argues Diana Furchtgott-Roth.
The Port of Long Beach increased throughput of containerized cargo by 7.9 percent last month.
The 2M Alliance partners will share space with G6 Alliance member MOL on two loops between Asia and the East Coast of South America.
Ocean carrier says “there are no indications” any oil leaked from the NYK tanker Takamine despite reports to the contrary.
C.H. Robinson appoints global forwarding president, while CEVA Logistics names healthcare sector VP.
A federal jury cleared the executive of charges related to a Puerto Rico price fixing case.
Mitigating factors impacted the expected rebound after the resolution of contentious ILWU-PMA port labor contract negotiaitons, according to the southern California port.
Roll-on/roll-off and bulk ships are being worked with Peru’s navy helping to work general cargo ships after a brief strike by dockworkers.
French ocean carrier increased container volumes 10.8 percent compared to first quarter 2014.
The ocean carriers’ China-Surabaya Express Service connects ports in China with Malaysia, Singapore and Indonesia.
Mitsubishi Cement has agreed to several measures to mitigate air pollution at the Port of Long Beach site.
Less-than-truckload carrier Dayton Freight has opened a new cross-dock facility in Brownstown, Michigan.
Non-MSP carriers worry they could lose more business under a new deal that would allow more local sourcing of food aid.
Container derivatives broker at Freight Investor Services in London cites reports that Maersk is cutting rates to Europe.
U.S. District Court Judge Charles Breyer denied the company’s motion, which alleged FedEx is protected from litigation as a common carrier.
The mission will introduce U.S. healthcare-related firms to the region and promote exports of U.S. healthcare products.
The integrated logistics provider increased net profits in first quarter 2015 thanks to 1% growth in company revenues.
The NYK Lynx came to the aid of a sailor in distress 260 miles off the Galapagos Islands in the Pacific Ocean.
The freight forwarder’s jetcargo division has started a new weekly air cargo service linking Hong Kong to Chicago and Houston.