The decision by Japan state postal service to takeover regional logistics operator Toll Holdings for $5.07 billion is the second mega-logistics acquisition involving Japanese companies in as many days, and another exceptional price.
11 Feb 2015
International Container Terminal Services, Inc. (ICTSI) has paid $5.8 million for the remaining 10 percent of Victoria International Container Terminal (VICT) it doesn’t own that was held by Anglo Ports.
22 Jan 2015
Australian wine exports to China have almost recovered to levels recorded before Beijing’s austerity measures severely dented volumes, according to data released by the Australian Grape and Wine Authority.
06 Jan 2015
Irish steak is back on the U.S. menu as the U.S. begins to lift a 15-year ban on beef imports from the European Union. U.S. containerized beef imports are rising quickly, surpassing 40 percent in most of 2014.
06 Jan 2015
International rail operator Genesee & Wyoming is expanding its footprint in the central U.S. by acquiring three short line railroads for about $40 million.
27 Dec 2014
HONG KONG — The Austrlalian operations of DP World will face a tough start to the year after a series of bitter disputes in recent months with local trade unions over pay and working conditions at its four port facilities.
16 Dec 2014
A free trade agreement (FTA) between Japan and Australia will begin on Jan. 15, either eliminating or drastically cutting import tariffs on most products traded between the two Asia-Pacific nations, the Japanese government announced today.
12 Dec 2014
Carriers announced GRIs this week for several major trade lanes, all effective on Jan. 15. Spot rates on Drewry Maritime Research’s World Container Index composite index, which measures 11 East-to-West trade lanes, has dropped 23.5 percent in the five weeks since Nov. 6.
11 Dec 2014
The $80 million acquisition of an Australian courier company by SingPost subsidiary Quantium Solutions (Australia) last week was all about securing last mile capability in a fast growing market, a critical component of the e-commerce operation.
11 Dec 2014
Terminal operator DP World said it will lock out dockworkers at Australia’s Port of Fremantle for 24 hours next week in the latest move in an increasingly bitter labor dispute.
07 Nov 2014
Multiple container lines have planned general rate increases in numerous trade lanes in October and November, although any gains achieved could be temporary as overcapacity and sluggish global demand continue.