UPS, one of the world’s largest transportation firms, is the first major user of North America intermodal rail services to publicly weigh in on the proposed merger of Canadian Pacific and Norfolk Southern railways, saying it opposes the potential tie-up.
Japan’s Kintetsu World Express saw its group revenue soar 26.3 percent year-over-year in the first nine months of fiscal 2015, which ends March 31, to 295.159 billion yen ($2.57 billion), but that wasn’t enough to stop the company from downgrading its full-year revenue and profit forecasts.
Vietnam’s preferential access to European Union markets and those of the U.S. once free trade deals between the two blocs are ratified will accelerate growth in the country’s already booming apparel and footwear markets, believes global tag and label maker Avery Dennison.
Jack Holmes, the career UPS executive who became president of UPS Freight in 2007, will retire in June. Rich McArdle, another UPS veteran, will take his place.
Damco posted a $19 million profit in 2015, reversing a 2014 loss of $293 million in what Maersk Group CEO Nils Andersen called “an early sign” that the forwarder’s two-year turnaround program is working.
Amazon’s ambitions to take more control of its container shipping have become more apparent after the e-commerce giant filed an application with the Shanghai Shipping Exchange to be forwarder on 12 major routes and a 2013 internal proposal reveals its vision for a global delivery network.
A new retail services division and steady automotive demand helped push Pilot Freight revenue higher last year despite falling fuel surcharges and a sluggish economy.
XPO Logistics will not sell its truckload division, but use the former Con-way Truckload to increase its U.S.-Mexico cross-border business.
Container lines, at least in the U.S., are starting to take forceful action to prepare for the Safety of Life at Sea, or SOLAS, weight verification rule.
Dole’s deployment of the Dole Pacific on regular service between California and Latin America is the latest sign of how refrigerated ship operators are turning increasingly to container ships from traditional break bulk vessels.