Monday, June 29, 2015
In the third-party logistics (3PL) sector, the ongoing trend of merger and acquisition (M&A) activity never seems to take a break. That is apparent in recent weeks alone, with XPO Logistics recent acquisition of Norbert Dentressangle for $3.53 billion, Echo Global Logistics scooping up Command Transportation for $420 million, and Kuehne+Nagel buying ReTrans for an undisclosed sum.
Posted on 06/29 at 11:55 AM
FedEx recently took another step in its plans to acquire Netherlands-based TNT-NV and a provider of mail and courier services and the fourth largest global parcel operator for $4.8 billion, which it announced in early April. The company said it has “submitted the required filing to the European Commission to obtain regulatory clearance in connection with the intended recommended public cash offer all issued and outstanding ordinary shares in the capital of TNT Express.”
Posted on 06/29 at 09:44 AM
TNT Express •
Friday, June 26, 2015
Global third-party logistics (3PL) services provider Kuehne+Nagel (KN) said this week it has entered into an agreement to acquire ReTrans Inc., a Memphis-based provider of multimodal transportation services.
Posted on 06/26 at 11:25 AM
Even with a bit of a lull in overall growth in May, intermodal volumes remain in a decent place, according to data from the Intermodal Association of North America (IANA).
Posted on 06/26 at 10:14 AM
U.S. carloads saw a 6.1 percent annual decline at 273,932, and intermodal was up 1.6 percent annually at 276,907 containers and trailers.
Thursday, June 25, 2015
The Department of Transportation’s Bureau of Transportation Statistics (BTS) reported this week that U.S. trade with its North America Free Trade Agreement partners Canada and Mexico in April fell 6.8 percent annually to $93.3 billion, following a 5.3 percent decline to $96.1 billion in March.
Posted on 06/25 at 11:20 AM
At last week's eyefortransport 3PL Summit in Chicago, LM Group News Editor Jeff Berman caught up with Echo Global Logistics Chairman and CEO Doug Waggoner. The pair covered a wide range of subjects, including market conditions, capacity, and Echo's recent $420 million acquisition of Command Transportation.
Wednesday, June 24, 2015
Late last week, the United States Senate unanimously approved S. 808, the Surface Transportation Board Reauthorization Act of 2015.
Posted on 06/24 at 11:12 AM
Railroad Shipping •
At a time when a new, long-term surface transportation reauthorization is desperately needed, given, what is often described as the ongoing decline of the state of United States transportation infrastructure, a bipartisan foursome in the Senate introduced a wide-ranging bill, whose chief objective is to provide some long-term fixes to a system repeatedly referred to as broken.
Posted on 06/24 at 10:26 AM
Tuesday, June 23, 2015
Seasonally-adjusted (SA) for-hire truck tonnage in May headed up 1.8 percent at 132.1.
Posted on 06/23 at 11:59 AM
Truck Tonnage •