2015 has been a big year for mergers and acquisitions in the transportation and logistics industry, and roll-up powerhouse XPO Logistics is by no means the only well-known company getting in on the action. In fact, through the first three quarters of the year, 2015 is shaping up to have the highest value of […]
XPO Logistics’ buyout of Norbert Dentressangle was the byproduct of some unique circumstances. Chief Executive Officer Bradley Jacobs had never heard of the French 3PL until they were bidding against each other in 2014 for Des Moines, Iowa-based, warehousing and distribution specialist Jacobson Cos. Norbert Dentressangle won the competition, paying $750 million to […]
The U.S. Gulf port also expects to benefit from continuing population migration to Texas and the expansion of Panama Canal, which is scheduled to be completed in April 2016.
Meanwhile, a Federal Aviation Administration task force released its recommendations regarding a registration program for unmanned aircraft systems that will affect the use of drones in both commercial and recreational settings.
Box volumes at the largest U.S. East Coast port were up 11 percent year-over-year in October, driven primarily by a 9.8 percent spike in loaded import containers.
Descartes Systems Group said Wednesday it has acquired Oz Development, a provider of application integration solutions that help small-to-midsized businesses automate their logistics and supply chain processes.
FedEx Corp.’s biggest hurdle to its acquisition of Netherlands-based TNT Express, however, is still to come, as the deal will still require approval from the European Commission.
The Danish ocean carrier increased average vessel capacity on its AC2 loop, which operates between Asia and the western coasts of Mexico, Panama and Colombia, by 13 percent.
The Crown Emma ran aground on the western bank of the Bosphorus Strait near Kirecburnu, Turkey and nearly collided with a gas station on shore, according to reports from Splash 24/7.
The Singapore-based ocean carrier joined MOL’s GPX loop this week to offer capacity from Balboa, Panama to Callao, Peru.
The Netherlands-based third-party logistics provider opened a 33,000-square-foot distribution center yesterday 16 miles from Kuala Lumpur that is designed to provide ambient and temperature-controlled storage.
United States gross domestic product (GDP) grew 2.1 percent in the third quarter, according to the Commerce Department’s second estimate, but truck tonnage remains relatively flat amid weak industrial and manufacturing output.
Industry groups said they are willing to work with the port to speed cargo through POLB, but expressed concern about how the plan might affect shippers, who want to pick up containers faster but say getting chassis and trucking capacity can be difficult.
U.S. Agriculture Secretary Tom Vilsack said at the conclusion of the JCCT meeting Monday that China indicated it will review 11 biotechnology applications and continue the dialogue on U.S. beef.
Port of Miami Terminal Operating Company, the only non-carrier affiliated terminal, saw its volumes double to 22,225 TEUs, the largest percentage gain among the three container terminals at the South Florida port.
Maffei, a former U.S. Representative for New York, will take the place of current Commissioner Richard A. Lidinsky, Jr., according to a statement from the White House.
The Hong Kong-based ocean carrier will launch its standalone KTX8 loop, which connects Japan, China and Taiwan with Thailand and Vietnam, next week.
The Icelandic liner carrier posted net earnings of 8.5 million euros on operating revenues of 129.7 million euros for the third quarter of 2015, year-over-year increases of 12.7 percent and 8.5 percent, respectively.
The second phase of the Aqaba Logistics Village, which includes 13,000 square meters of warehousing and 40,000 square meters of open yard space, opened Nov. 12.
The airline group recently commenced its new Cargo Connector delivery service, which takes freight directly from the aircraft and delivers it to the forwarder’s handling facilities, for the first time in the United States
