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.
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.