The value of major global transportation acquisitions jumped 50 percent in the second quarter and rose 16 percent from the first quarter, as trucking and logistics firms reached across borders to buy their way into new markets and expand services.
16 Jul 2015
The French port of Marseille Fos is off to a strong start in 2015, with overall cargo volumes up 6 percent and containerized traffic at the deep-sea port up 10 percent.
30 Jun 2015
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.