International Logistics

Matson plans to invest roughly $30 million in upgrades and new equipment into the new Alaska services it acquired from now-defunct Horizon Lines in May.

C.H. Robinson reported higher net revenues on land and sea as shippers apparently turned to the largest U.S. logistics company to secure capacity in the second quarter. The acquisition of Freightquote last year contributed to higher net revenue and higher truckload and LTL volumes.

Singapore-listed logistics property developer GLP has made its second multi-billion dollar investment this month, acquiring a $4.55 billion U.S. logistics portfolio from Industrial Income Trust a week after leading a consortium of investors in establishing a $7 billion China-focused infrastructure fund.

Strong cross-border business in Europe and the highest demand for deferred package service in the U.S. in a decade helped UPS increase second quarter profits, despite falling revenue.

DHL Global Forwarding's new less-than-truckload cross-border service isn't just about US-Mexico trade. It's part of growing shipper demand for multimodal, multiregional logistics and transportation services.

Descartes has announced the second purchase of a logistics software firm in three days as the company seeks to bolster its network that provides shippers with more visibility of their shipments while in transit.

Panalpina’s earnings dipped two percent in the second quarter on sluggish growth in ocean container traffic and a decline in air freight volumes.

UPS reportedly is in talks to acquire fast-growing Coyote Logistics, as round after round of logistics acquisitions this year increase speculation about potential mergers.