Monday, March 19, 2012
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.
The International Air Transport Association is urging U.S. policy makers to improve aviation competitiveness by easing the tax and regulatory burdens on the airline industry.
Posted on 03/19 at 09:23 AM
Air Freight •
Air Cargo •
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
For those of you that thought the House would take up the recently-passed two-year, $109 billion Senate transportation bill, MAP-21, upon returning from recess next week, you will have to keep waiting.
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.