International Logistics

PeopleNet, a trucking technology company owned by $2.4 billion Trimble, last week purchased Cadec Global, a pioneer in fleet management technology. The acquisition underscores growing demand for end-to-end mobile computing networks among shippers and transport operators.

With its management flexibility constrained by a fractured ownership structure, SEKO Logistics has brought in a private equity partner to recapitalize its balance sheet, transform its many local joint venture owners around the globe into shareholders and provide the resources to grow through acquisitions.

Five Below retail storefront
Retailer Five Below has opened a 1,015-square-foot distribution center in southern New Jersey that will serve 300 of the company’s stores in the eastern United States.

After its first foray into an international market ended in a billion dollar loss last year, Target is once again embracing new additions to its supply chain. This time they’re playing it safe, though, investing in a market where they have a proven track record: the Internet.

Canadian National Railway is buying more refrigerated intermodal equipment as the prospect of tighter regulation of food supply chains poses a challenge for shippers.

India’s Allcargo Logistics, through its wholly owned non-vessel-owning common carrier arm Ecu Line, made its first foray into the e-commerce logistics market by entering into a cargo consolidation contract with China online shopping giant Alibaba.

XPO Logistics raised $1.26 billion from institutional investors and plans a $2 billion stock sale to help finance its latest acquisitions and prepare for more.

Package Sorter in Cincinnati
Global delivery company DHL Express will invest $108 million to expand its Americas hub at Cincinnati-Northern Kentucky airport to keep pace with rising demand in international e-commerce and trade.

Signifying the next stage in the revitalization and development of the Jones Act U.S. fleet, a combined container/ro-ro (con-ro) carrier has been phased into the Hawaii-U.S. mainland trade.

Kintetsu World Express’s $1.2 billion acquisition of APL Logistics was finalized on Friday, May 29, after the deal secured all the required legal, regulatory and shareholder approvals.