Monday, March 19, 2012
Express delivery and logistics services provider DHL said last week it has rolled out two new direct flights from its hub in Hong Kong, with one flight to Ho Chi Minh City, Vietnam and the other to Chengdu, China, which the company said are the latest enhancements to its Asia-based air network.
Posted on 03/19 at 12:19 PM
Air Cargo •
In what can potentially be viewed as a significant game changer for the global logistics and express delivery sectors, UPS and Netherlands-based TNT NV, a provider of mail and courier services and the fourth largest global parcel operator, said today they have reached an agreement in which UPS will acquire TNT Express for roughly $6.77 billion ($5.16 billion euro). The agreement is an all-cash offer of $9.50 per ordinary share for TNT Express.
More evidence that shippers may be “near shoring” in the future surfaced at a maritime conference in Southern California earlier this month.
Posted on 03/19 at 09:11 AM
Global Trade •
Friday, March 16, 2012
Following reports that talks focusing on UPS trying to acquire the express business of Netherlands-based TNT NV, a provider of mail and courier services and the fourth largest global parcel operator, “have slowed” due to various issues, UPS said today that it “remains in constructive discussions” with TNT regarding a potential transaction to acquire the entire issued share capital of TNT Express.
In a response to shippers’ seeking sourcing alternatives, COSCO Container Lines Americas, Inc. has introduced a new service connecting Asia and the Gulf of Mexico via the Panama Canal
The Alternative Site Framework program expands upon the benefits already granted within the FTZ program in an efficient way.
Supply chain managers should have learned some valuable lessons from last year’s Fukushima earthquake and tsunami in Japan, said industry analysts
Posted on 03/16 at 07:46 AM
Global Trade •
Carload volume-at 278,728-was down 4.8 percent annually, and intermodal-at 226,039 trailers and containers—was up 4.2 percent annually.
Thursday, March 15, 2012
The Chinese New Year had an impact on container volumes at the Port of Los Angeles (POLA) and the Port of Long Beach (POLB) in February, according to data released by both ports this week.
Express delivery and logistics services provider DHL said yesterday it has invested $47 million to expand its Americas hub facility at the Cincinnati/Northern Kentucky airport (CVG) in an effort to meet the growing needs of its international shipping customers.