UK parcel delivery firm City Link, which filed for bankruptcy last week, will lay off most of its 2,780 employees in the coming days after failing to attract buyers.
Fresh food is fast becoming the next e-commerce frontier in China, and the country-wide demand is driving the expansion of cold chain logistics in the mainland that has been a weak point for years.
The door to China’s domestic courier market is about to be opened a little wider for foreign service providers, as the State Post Bureau prepares to green light Kerry Logistics and Japanese firms Yamato Logistics and OCS (Overseas Courier Service) to operate in the mainland express market.
United Parcel Service has agreed to the acquisition of Polish pharmaceutical logistics firm Poltraf from Poland-based investment fund Ortie Capital Investment.
Mitsui-Soko Holdings Co. will take a controlling stake in Sony Supply Chain Solutions Inc. for about 18 billion yen (US$151 million), marking the latest in a series of acquisitions by Japanese transportation and logistics companies targeting subsidiaries of struggling domestic electronics giants.
Singapore-listed Yoma Strategic Holdings will receive a $100 million loan from the Asian Development Bank (ADB) to build up Myanmar’s transport and logistics infrastructure urgently needed to create sustainable economic growth.
NAI Global Logistics’ Executive Vice President Adam Roth highlights takeaways from JOC Inland Distribution 2014, and discusses access to capacity and its impact on commercial real estate.
Truckload rates and intermodal pricing continued their year-over-year climb in November, spurred by stronger freight demand and port congestion.
Africa’s inland freight network is so troubled that it costs roughly seven times more to ship a container from Mombasa, Kenya, to Burundi, in central Africa, than to ship a container from Shanghai to the major Kenyan gateway, an APM Terminal executive said.
With the acquisition of GENCO, everything old is new again for FedEx — or at least resellable.