Logistics Technology News

State-owned Container Corp. of India boosted second quarter net profit 32 percent from a year earlier to $44 million, driven by higher earnings from its core export-import intermodal operations, the company said in a statement.

United Parcel Service recently opened three new facilities in Hangzhou and Shanghai, China, and Sydney, Australia, to expand its global health care distribution facility network in the Asia-Pacific region.

Echo Global Logistics reported income in the third quarter of $3.82 million, increasing 12.9 percent from last year’s $3.38 million during the same period.

Third-party logistics company OHL has sold the operating assets of freight brokerage division Turbo Logistics, Inc., to XPO Logistics, Inc.

The need for specialized home delivery services that can assemble and install everything from basketball hoops and backyard sheds to household appliances such as washers and dryers is driving the growth of small regional transportation service providers.

C.H. Robinson reported its profit in the third quarter was $116.33 million, up 1.7 percent year-over-year from $114.35 million in 2011.

U.S. Shippers Association, offering container freight services, successfully rolled out its cloud supply chain platform provided by GT Nexus.

Logistics provider Globe Express Services appointed Michael C. Hughes as president and CEO, and member of the board of directors, effective Dec. 1.

Package volume was up 2.9 percent in the third quarter but profit down at UPS, depressed in part by a one-time charge related to a pension plan change.

Globe Express Services has opened Dammam Terminal Yard...

Freight brokerage and third-party logistics company England Logistics recently acquired certain assets of the Portland, Ore.-based Kampstra Transportation and Logistics...

Truck leasing and supply chain company Ryder Transportation reported net earnings of $75.1 million in the third quarter of 2012.

A leading logistics player believes health care shippers could see major supply chain savings by moving away from a “delivery first, cost later” mentality.

Dutch customs recently granted C.H. Robinson Europe BV Authorized Economic Operator certification, meaning the company is regarded as a reliable trade partner.

Construction on the Oceanex Connaigra, soon to be the largest Canadian container roll-on, roll-off ship, began recently in Flensburg, Germany.

Chemical transportation company ChemLogix launched Oct. 16 a freight brokerage service, CapAssure LX, as part of their capacity management program, to address continuing capacity shortages.

Third-party logistics provider Kane Is Able, Inc. appointed four executives in September.

Panalpina Group’s air freight volumes are expected to be weak in the third quarter of 2012, negatively impacting the company’s preliminary earnings...

FedEx plans to trim its workforce and aircraft fleet to boost profit by $1.7 billion in three years.

CEVA Logistics, today announced the retirement of CEO John Pattullo, effective Oct. 12.

C.H. Robinson Worldwide sent a clear message about its global ambitions with the $635 million purchase of freight forwarder Phoenix International. The acquisition nearly doubles the size of C.H.

India and Austria signed a memorandum of understanding to accelerate cooperation in the development of port inf

Online retail isn’t a sector readily associated with freight forwarders.

MNX will expand its Singapore operation, which will be bolstered to take on a regional hub role.

Global freight forwarder and logistics provider Damco plans to move its headquarters

Trimble, a $1.64 billion mobile technology company, acquired trucking software firm TMW Systems for $335 million in cash, the companies said Monday.

Yusen Logistics will begin operating in Dhaka and Chittagong, Bangladesh, on Oct. 15 to serve apparel and other retail shippers.