Thursday, June 21, 2012
UPS and Netherlands-based TNT NV, a provider of mail and courier services and the fourth largest global parcel operator, said today that UPS’s $6.5 billion cash offer for TNT, which was announced in March, commences tomorrow and will run through August 31.
Posted on 06/21 at 11:52 AM
TNT NV •
TNT Express •
Various factors could tip the scales in assessing how 2012 Peak Season plays out.
Tuesday, June 19, 2012
In a recently completed survey that the American Association of Port Authorities initiated, U.S. seaport agencies and their private-sector partners plan to invest a combined $46 billion over the next five years in wide-ranging capital improvements to their marine operations and other port properties
Friday, June 15, 2012
Both ports are optimistic about growth prospects for the remainder of the year.
Carload volume was down 1.7 percent compared to the same week last year and intermodal volumes were up 3.8 percent.
Company executives tout deal as recapitalization that will give Intelligrated the financial strength and international experience to grow.
On the heels of two strong months of global trade activity, data released by Panjiva, an online search engine with detailed information on global suppliers and manufacturers, showed a bit of a slowdown from April to May.
Posted on 06/15 at 07:43 AM
Global Trade •
Thursday, June 14, 2012
In a move designed to expand its end-to-end service offering, freight transportation and logistics services provider Arkansas Best Corp. said today it has agreed to acquire Panther Expedited Services, a Seville, Ohio-based asset-light provider of expedited ground and freight forwarding services and premium logistics services, from its owner Fenway Services LLC, a middle market private equity firm.
Posted on 06/14 at 11:21 AM
ABF Freight •
Arkansas Best •
Fairly flat business conditions for shippers appear to be the new normal in a way. That appears to be the general consensus of freight transportation consultancy FTR Associates monthly Shippers Conditions Index (SCI).
Posted on 06/14 at 08:58 AM
FTR Associates •
When FedEx first announced this deal in April, it said it is part of its growth strategy in Europe and is expected to supplement FedEx’ service portfolio in Poland.
Posted on 06/14 at 08:29 AM