International Logistics

Kintetsu World Express’s $1.2 billion acquisition of APL Logistics was finalized on Friday, May 29, after the deal secured all the required legal, regulatory and shareholder approvals.

Crowley Maritime Corp.’s global ship management group has been awarded a contract to crew, operate and maintain four U.S.-flag domestic ships that Pasha Group is acquiring from Horizon Lines for operation in the West Coast-Hawaii trade.

Toll Group began operating under the Japan Post flag today as president and CEO Toru Takahashi announced the new board that will provide governance to the Melbourne-based logistics company.

Electronically tethered convoys may be on the horizon. A U.S. study looks at linking trucks via vehicle-to-vehicle technologies that control speed and braking for safer, more efficient transportation.

Japan’s Hitachi Transport System’s aggressive acquisitions in the United States and elsewhere have put it on track to almost achieve its medium-term global expansion plan, with overseas sales and profit escalating.

Dachser truck and warehouse
Dachser, the German logistics provider, is poised to expand its relatively small share of the U.S. air and ocean freight business.

Shreyas Shipping and Logistics swung to a net profit of Rs. 61.75 crore (about $9.6 million) in the fiscal year ended March 31, a big turnaround from its loss of Rs. 4.32 crore ($675,000) in the previous year.

It is unlikely to be casual Friday on May 28 as the new Japan Post-owned Toll Group marks its first official business day.

Freight broker Total Quality Logistics added voice search technology to its Carrier Dashboard smartphone app, letting drivers talk, not type as they search for freight.