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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.
Non asset-based 3PL XPO Logistics said today that it has increased the number of shares for its underwritten public offering from 6,000,000 earlier this week to 8,000,000 to the public at $15.75 per share.
Posted on 03/15 at 08:49 AM
XPO Logistics •
Wednesday, March 14, 2012
Having played their hand on an earlier rate hike announcement, the 15 member carriers in the Transpacific Stabilization Agreement (TSA) are recommending a further increase of $400 per 40-foot container (FEU) effective April 15, 2012
With federal funding for surface transportation set to expire on March 31, the Senate took a meaningful step today in looking to the future, signing off on the Senate’s Moving Ahead for Progress in the 21st Century (MAP-21) legislation by a 74-22 margin.