Global contract logistics is forecast to expand at a compound annual rate of 6.8 percent through 2018, led by increases in Western Europe, the U.S, and China, according to a new survey by U.K.-based Transport Intelligence.
Major Japanese international freight forwarder Yusen Logistics Co. said that its group net profit more than doubled in the fiscal year ended March 31, as its revenue grew robustly and its strenuous cost-cutting efforts paid off.
UPS Freight is adding liquefied natural gas-powered tractors to its less-than-truckload fleet, cutting emissions and, hopefully, long-term term fuel costs. Shippers still want trucking partners to help them reach sustainability goals.
Indian logistics and trucking major Gati Ltd. says e-commerce growth helped drive consolidated net profit up 59 percent year-over-year in fiscal year 2014-15, which ended March 31.
As the U.S. economy came screeching to a halt in the first quarter — at least those parts that contribute to gross domestic product growth — UPS improved revenue, shipment volumes and profit, a sign that things may not be as bad as the economic indicators seem to say.
Global Logistics Properties (GLP) this week signed new lease agreements in China totaling more than 1.5 million square feet with retailers and third-party logistics providers.
The acquisition of French logistics giant Norbert Dentressangle will create new global opportunities for XPO, boosting its annual revenue to $8.5 billion.
“We’re seeing a gravitational pull toward railroad-related developments … [what has been] happening at the West Coast ports has been accentuating that even more,” says NAI Global Logistics’ Director Adam Roth. At TPM 2015, Roth comments on increased pressure on intermodal, evolving needs of the shipping community and expected changes to industrial real estate strategies as a result of this year’s labor disruptions at West Coast ports and to combat the driver shortages.
At TPM 2015, Haven, a new startup business in the shipping industry, launched an online platform allowing shippers to be more self-sufficient, comparing and reserving container slots from ocean carriers. CEO and Founder Matt Tillman discusses connecting shippers directly with carriers, and moving beyond rates as a differentiating factor of service.
There used to be few alternatives to manufacturing in China, but this infographic details how rising production costs in the "Factory of the World" is allowing sourcing competitors to threaten that dominance.