All News Entries
Tuesday, March 20, 2012
The Port of Oakland welcomes the largest containership ever to call any seaport in North America today
YRC Freight, a subsidiary of less-than-truckload transportation services provider YRC Worldwide, recently had its proposed change of operations plan approved by the Teamsters Union, according to a trucking industry message board and Teamsters for a Democratic Union (TDU).
Amazon.com Inc. has announced that it has reached an agreement to acquire Kiva Systems, a developer of mobile-robotic solutions that automate eCommerce order fulfillment and warehouse operations.
Shareholder pressure is forcing publicly-held manufacturers to adhere to the highest levels of sustainability, said industry analysts and experts speaking yesterday a the International Warehouse Logistics Association 2012 Convention & Expo in San Francisco.
Posted on 03/20 at 09:10 AM
With diesel prices now over the $4 per gallon mark for the fourth straight week, the price per gallon for the week of March 19, at $4.142 per gallon, is at its highest point in nearly three-and-a-half years, according to the Department of Energy’s Energy Information Administration.
Posted on 03/20 at 09:09 AM
Diesel Prices •
The new lanes are from Shanghai, China and Singapore to three Australia-based locations, Sydney, Melbourne, and Fremantle.
Posted on 03/20 at 08:24 AM
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.