Cargo thieves in the U.S. target food shipments above all other cargoes. Although some shipments aren’t particularly high-value, others such as temperature-controlled pharmaceuticals, seafood, beef and alcohol can be worth hundreds of thousands of dollars. And reselling these commodities on the gray market puts consumers at risk.
The European Union has opened an investigation into FedEx’s efforts to acquire TNT Express on the grounds that there would be insufficient competition in the market.
Tasked with regulating products originating in more than 150 countries, the Food and Drug Administration is becoming more global in its approach rather than U.S.-centric and is boosting its foreign presence.
The $1.8 billion acquisition of Coyote Logistics adds truckload brokerage to UPS's transportation portfolio, giving it new inroads to shippers and freight, and promises greater efficiency for its package network.
Five firms, three joint ventures and two single companies, are aiming to win a concession to modernize Davao Sasa, a major gateway for Philippines exports, particularly bananas.
Gati Ltd., India’s leading express distribution and supply chain solutions provider, reported its group net income fell 33.3 percent in the first fiscal quarter from a year earlier to Rs. 10 crore (about $1.56 million) despite healthy revenue growth.
A steep drop in fuel surcharges coupled with an increase in driver wages helped drag profit and revenue down at Con-way Freight and Con-way Truckload. Menlo Logistics lost revenue, but managed to increase profit.
China’s HNA Group has agreed to acquire Swissport International, the world’s largest airport ground and cargo handling company, from PAI Partners, a Paris-based private equity firm, for 2.73 billion Swiss francs ($2.8 billion).
State-owned Container Corporation of India is expanding its intermodal services connecting the country’s southeastern container ports, beginning its second rail service to a southeastern port in as many months.
LONDON – NOL Group swung to a net profit of $890 million in the second quarter from a $54 million loss a year ago, almost entirely due to the gain from the sale of APL Logistics to Japan’s Kintetsu World Express.