CMA CGM will sign a $1 billion financing agreement with the Export-Import Bank of China on Wednesday when Chinese premier Li Keqiang visits the French carrier’s headquarters.
25 Jun 2015
The purchase of ReTrans, an intermodal and truck freight brokerage with more than $500 million in annual revenue, extends the reach of Kuehne + Nagel, the second-largest global 3PL, far beyond U.S. ports and into the nation's industrial heartland.
23 Jun 2015
A strike by employees of MyFerryLink has closed Port of Calais, snarling trucks seeking to use ferry services to cross the English Channel, according to the BBC.
16 Jun 2015
Toys“R”Us has opened a 550,000-square-foot distribution center in Saint-Fargeau-Ponthierry, France, to consolidate operations previously performed by three fulfillment centers in the country.
10 Jun 2015
Cargo theft more than doubled in the United Kingdom in the first quarter and rose 17 percent in the Netherlands, Europe's biggest container hub, according to data released by the Transported Asset Protection Association. The problem, however, is global.
09 Jun 2015
XPO Logistics closed on the acquisition of 67 percent of European 3PL Norbert Dentressangle, adding the $5.5 billion company to its fold. The question is, what will XPO buy next?
08 Jun 2015
LONDON – Eurotunnel, the operator of the subsea rail link between the U.K. and France, has sold its ferry operation to rival carrier DFDS a year after British regulators demanded its withdrawal from the cross-Channel route.
04 Jun 2015
LONDON – Eurotunnel, the operator of the rail tunnel between the U.K. and France, announced its exit from shipping operations between the two countries in July, ending a bitter three year battle with British competition regulators.
01 Jun 2015
XPO Logistics raised $1.26 billion from institutional investors and plans a $2 billion bond sale to help finance its latest acquisitions and prepare for more.
20 May 2015
Palletways, one of several groups offering shippers a palletized freight network in Europe, says it plans eastward expansion as cross-border volume within its network grows.
18 May 2015
France’s River Seine port of Rouen has for a long time made a speciality of the north-south regular container trades, particularly those between northern Europe and west Africa. But the port no longer sees a future for itself as a major container port, not even as one specializing in the north Europe-Africa trades.