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.
Egyptian armed forces are on high alert ahead of the ceremony to open the $8 billion, 44.7 mile extension to the Suez Canal on August 6, which will for the first time allow two-way traffic on the canal, creating economic benefits for both international shippers and the local economy.
The world’s largest container carrier — and reefer carrier — Maersk Line is well-versed in the details of shipping temperature-controlled cargoes. William “Bill” Duggan, vice president of North American refrigerated services, recently shared his thoughts on key challenges and opportunities confronting the global reefer market.
Danish trucker and freight forwarder DSV posted a better-than-expected increase in second-quarter earnings, driven by sharply higher air and ocean container profits, leading it to upgrade its full-year earnings forecast.
The port-based logistics provider said it has acquired 48 acres adjacent to the Krishnapatnam port, near Chennai, for the construction of a new container freight station a month after the company kicked off a plan to build an inland container depot center at Viramgam, near Ahmedabad in Gujarat State.
Japanese international freight forwarder Yusen Logistics Co. returned to profit in the first quarter of fiscal 2015, which started April 1, thanks to robust revenue growth and the end of heavy losses caused by an antitrust lawsuit in the United States.
Transport Corporation of India posted a 17.4 percent jump in net profit in the first fiscal quarter, primarily on the back of strong gains from its freight division.
China’s HNA group is in a bid battle for Avolon, one of the world’s largest aircraft lessors, just days after agreeing the $2.8 billion acquisition of Swissport, the world’s largest airport cargo handler.
London Gateway wants shippers to use its new common-user facility as a testbed for trying out innovative logistics solutions, said it implementation director Graeme Clarke.
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.