Logistics Technology News

Three global funds will invest $700 million in XPO Logistics, accelerating the fast-growing company's acquisition plans for 2014.

The latest round of diesel emissions regulations is raising truck prices in Europe, adding as much as 15 to 20 percent to the ticket price of new straight trucks and tractors.

The market for mobile transportation or telematics technology in the U.S. is evolving quickly as a U.S. mandate for electronic recordkeeping by truck drivers draws closer. One of the biggest telematics companies, Omnitracs, is acquiring rival XRS for $178 million.

Samskip Van Dieren Multimodal has launched rail shuttle services between Duisburg, Germany, and Bettembourg, Luxembourg, creating a new link between Scandinavia and France and Spain and expanding its intermodal service.

The 132 transportation and logistics companies that made the Inc. 500/5000 list of fastest-growing U.S. companies this year prove that size and speed aren’t always twinned.

Rising furniture imports fueled by higher home sales are generating demand for Zenith Global Logistics, a third-party logistics company specializing in home furnishings.

A U.S. appellate court panel ruled that as many as 2,300 FedEx Ground drivers in California and Oregon were employees, not independent contractors, when they worked for the package delivery company in the last decade.

Carriers’ strategy to bundle logistics services with container shipping services appears to be “unraveling,” according to Alphaliner’s latest newsletter.

The acquisition of huge non-vessel-owning common carrier China Container Line (CCL) in the first half by Li & Fung reaped immediate rewards for the global sourcing giant, which saw its logistics sector operating profit leap by 31 percent in the first six months of the year.

A freight market that hasn’t “ramped down” this summer spells opportunity for Launch Logistics, the new third-party logistics subsidiary of shipping reseller Unishippers.

Venice, California-based Cargomatic is testing its “Uber”-like truck and shipment matching technology in the tri-state trucking market of New York, northern New Jersey and Connecticut.

Changing supply chains demand changing technology, and a more multimodal, integrated supply chain require a blend of asset- and non-asset-based transportation systems.

Livingston International, a major North American customs broker and forwarder, has further expanded its presence at the New York-New Jersey and Los Angeles-Long Beach port complexes...

Kerry Logistics reported an 8 percent increase in net profit for the first half as its integrated logistics segment showed solid growth in China and across ASEAN.

U.S. authorities added money laundering to the list of drug-trafficking charges facing global shipping giant FedEx.

Both UPS and FedEx have received long-awaited approval from the Chinese government to widen operations in the country.

Unishippers, the package and freight shipping reseller, has established a logistics subsidiary to help its franchise owners expand as it takes aim at a $1 billion revenue target.

As exports originating in China’s interior continue to grow, Agility inked a deal with Shanghai International Port Group Logistics, in order to strengthen its capabilities in the Yangtze River region.

One of container shipping’s most glaring inefficiencies is the countless unproductive trips by truckers who deliver an import box to an inland destination but return to port with no backhaul. Rick Knapp thinks he has a solution.

Allcargo Logistics Ltd., India’s leading international forwarder and port-based logistics provider, reported a 27 percent increase in first-quarter net profit on the back of higher earnings from its core multimodal transport activity.

Major Japanese international freight forwarder Kintetsu World Express Inc. saw its group net profit plunge over 50 percent in the first quarter of fiscal 2014

With the first six of a new generation of satellites in orbit, Orbcomm expects increased revenue from its global asset-tracking and management services in the second half of 2014.

Gati Ltd., India’s leading express distribution and supply chain solutions provider, reported its net income surged a whopping 111 percent in the first fiscal quarter.

Deutsche Post DHL booked a market-beating 5.6 percent increase in ocean container traffic in the second quarter, but it trailed growth rates of other top global freight forwarders.

Growth in intermodal rail activity helped Gateway Distriparks Ltd., India’s leading port-based logistics provider, book higher profit in its firscal first quarter, which ended June 30.

Nippon Express Co., Japan’s largest international freight forwarder, saw its group net profit sink over 30 percent in the first quarter of fiscal 2014

Consumer spending on over-the-counter health care products in Myanmar is anticipated to grow from around $140 million in 2013 to $480 million by 2020, providing a huge and growing market for distributors and logistics providers.

Container Corp. of India, the country’s largest intermodal logistics provider, reported its net income rose 6 percent year-over-year in the first fiscal quarter, from April to June, to Rs. 261.88 crore (about $43.7 million).

Norbert Dentressangle’s $750 million acquisition of Iowa-based Jacobson Companies not only gives the European logistics giant a larger footprint in a faster-growing economy but also one with more supply chain management outsourcing potential.

After hitting record gross revenue and net revenue in the second quarter, Echo Global Logistics sees more opportunity in helping shippers secure space in an increasingly tightening market.

More shippers contracting with C.H. Robinson Worldwide shifted loads from railroad to highway in the second quarter after seeing intermodal rail service deteriorate.

DSV today became the latest top 10 freight forwarder to post market-beating growth in ocean container traffic as the consolidation of the fragmented global logistics industry gathers pace.

Strong business demand for package and freight transportation drove volumes and revenue higher at UPS in the second quarter.

Transport Corp. of India reported its net income in the first fiscal quarter, from April to June, was $2.7 million.

As trucking companies strive to improve efficiency and streamline operations, shippers that actively help motor carriers improve productivity and profitability are the most desirable business partners, according to a new survey by Transplace.

Chronic overcapacity in air and ocean container markets presents a long-term obstacle to profitability of forwarders, which achieve better results when rates are higher, according to Stifel.

Panalpina’s ocean container traffic grew three times faster than the market in the second quarter, but barely made a profit for the global freight forwarding and logistics group.

The U.S. government “could add meaningful costs and delays to an already overburdened U.S. transportation network” if FedEx and other carriers are forced to stringently examine or refuse packages on the grounds they may contain illegal goods, a Wall Street analyst warns.