Logistics Technology News

Gateway Distriparks Ltd., India’s leading port-based logistics provider, reported its consolidated net income in fiscal year 2013-14, from April 2013 to March 2014, was $22.5 million, climbing 7 percent year-over-year from $21 million.

Similar to how airline ticket aggregator sites find passengers the cheapest airfare, a new deal between e-shipping platform INTTRA and multimodal rate provider Catapult International will allow shippers and freight forwarders to find carrier rates online before they book shipments through INTTRA.

A surge in business during the first quarter carried over into April at Echo Global Logistics, as shippers turned to the third-party logistics provider for trucks.

CHICAGO — So-called Big Data, or the explosion of electronic information that can be analyzed, is more than just a buzz word thrown around by the likes of IBM and Facebook, but a way to increase truck utilization as capacity tightens.

Severe winter weather may have kept many consumers from shopping at stores in the first quarter, but it didn’t freeze their computer keyboards.

The world’s largest third-party logistics providers showed minuscule growth in 2013 for the second consecutive year, as sluggish trade growth affected forwarding volume and other 3PL segments saw only modest increases.

A rise in European exports helped lift Kuehne + Nagel’s ocean freight traffic by a market-beating 6.9 percent in the first quarter.

Gefco, the global auto logistics group, posted record revenue of €4 billion ($5.5 billion) in 2013 and said it plans to double sales by 2020 by spreading its geographical footprint and moving into new industrial sectors.

Deutsche Post forecast its operating profit will top €5 billion ($6.9 billion) by 2020, driven by double-digit growth at its core DHL logistics unit and an accelerating shift towards fast-growing emerging markets.

HONG KONG — The phenomenal growth of e-commerce in China has the Big Three integrators salivating as they contemplate a market that offers great opportunities yet remains largely out of reach.

Major Japanese international freight forwarder Yusen Logistics Co. released a new medium-term management plan that calls for boosting its group operating revenue by 25 percent within the next three years, but its ambitions go even further.

Frederick W. Smith, chairman and CEO of FedEx, met with JOC editors William B. Cassidy, Peter T. Leach, Bill Mongelluzzo and Mark Szakonyi at the 2014 TPM Conference in Long Beach, Calif., to discuss the challenges of growing protectionism, e-commerce and serving post-recession supply chains.

Li & Fung, the Hong Kong-based consumer goods sourcing, logistics and distribution group, has acquired China Container Line as part of a new restructuring strategy...

The rolling wave of storms that hit the U.S. from December through February cost $45 billion FedEx about $125 million and cut into package volumes...

The world’s largest transportation and logistics company is getting larger as demand for e-commerce, time definite international express delivery and supply chain services drives up revenue and profit at Deutsche Post DHL.

Orbcomm, a global wireless asset-tracking company, has acquired Euroscan, expanding its product line and ability to track refrigerated containers and trailers worldwide.

Port Logistics Group, which operates more than 5 million square feet of warehouse space near three major port gateways, has been acquired by Endeavour Capital and members of the company’s management team.

Panalpina returned to profitability in 2013 as a market-beating performance in the ocean container and air cargo markets offset anti-cartel fines in the U.S.

Seko Logistics is targeting the project cargo market as part of its strategy to differentiate its portfolio from high-volume integrators on the major east-west trades.

Kuehne+Nagel’s operating earnings soared 20 percent in 2013 driven by market-beating growth in air freight volumes, almost doubled contract logistics profit and increased market share on the transpacific and transatlantic container trades.

While large ocean shippers can get information about where their containers are on the high seas or elsewhere in their supply chains through electronic data interface with their ocean carriers, small shippers who don’t have EDI are often left in the dark.

More than half of Expeditors International of Washington’s revenue came from the Asia-Pacific region in 2013, which may be a good sign for the third-party logistics provider...

The e-commerce division of India’s leading express distribution and supply chain solutions group grew at a rapid rate in the latter half of 2013...

FedEx Trade Networks has appointed James R. “Jack” Muhs as its new president and CEO.

Con-way reported net income in the fourth quarter of 2013 was $11.7 million, slipping 0.9 percent year-over-year from $11.8 million...

Third-party logistics providers have gone from the fringes of supply chain management into big-time players that serve an estimated 80 percent of Fortune 500 companies. With so much market penetration, how much more can 3PLs grow?

Major Japanese international freight forwarder Kintetsu World Express Inc. (KWE) said its net profit fell 4.3 percent year-on-year in the first three quarters of fiscal 2013, which started on April 1, 2013, to ¥6.5 billion ($63.6 million) on a consolidated basis.

DSV’s ocean container traffic grew by a market-beating 6 percent in 2013, and the global freight forwarder is targeting an increase of up to 5 percent in the current year.

Ryder System reported its profit in the fourth quarter jumped 20 percent from $53.8 million in 2012 to $64.6 million in 2013...

C.H. Robinson Worldwide reported its net income in the fourth quarter of 2013 was $93.0 million, plummeting 63.7 percent year-over-year from $256.4 million...

State-owned rail operator Container Corp. of India reported its net profit in the third fiscal quarter, which ended Dec. 31, 2013, was $40 million, rising 5.4 percent year-over-year from $38 million.

Major Japanese international freight forwarder Yusen Logistics Co. said that its group net profit plunged 38.9 percent in the first three quarters of fiscal 2013, which started on April 1, 2013, from a year earlier to ¥913 million (US$8.95 million) despite a big jump in operating revenue.

Embarrassed by late deliveries that lowered profits this holiday season, UPS lays out its strategy for improved forecasting, collaboration with shippers and package delivery at the next holiday peak.

The largest U.S. transportation and logistics company increased its profit dramatically in 2013, though holiday delivery disruptions took a bite out of fourth-quarter earnings.

Trucking and logistics giant Transport Corp. of India reported its net income in the third fiscal quarter, which ended Dec. 31, 2013, was $2.3 million, jumping 27 percent year-over-year from $1.8 million.

Menlo Worldwide Logistics has opened a new warehouse in Selangor, Malaysia, as part of its expansion plans.

UPS today proved there’s no such thing as free online shipping. The parcel giant lowered its earnings expectation for the full year to $4.57 a share from a previous prediction of $4.65 to $4.85 a share, citing the unexpected surge in last-minute online shopping orders in a compressed holiday peak season.

Yusen Logistics is expanding its warehousing operations in Duisburg, Germany.

Rising shipper demand for returnable or reusable freight packaging is driving expansion at packIQ, which designs and makes industrial packaging.