Logistics Technology News

UPS today reported its revenue in the third quarter of 2013 was $13.5 billion, up 3.4 percent year-over-year, driven primarily by U.S. e-commerce shipments and strong European export growth.

Panalpina’s profit in the third quarter of 2013 increased 6 percent year-over-year, as the Swiss global logistics giant continued to grow its ocean and air freight market shares.

Echo Global Logistics reported record profit of $4.4 million in the third quarter of 2013, a 90.8 percent jump from $2.3 million in the third quarter of 2012.

Pacer International reported its profit in the third quarter of 2013 was $2.8 million, jumping 155 percent or $1.7 million from the third quarter of 2012.

Major Japanese international freight forwarder Kintetsu World Express said that it has signed a basic agreement to acquire a wholly owned trading arm of electronics giant Panasonic Corp.

Third-party specialists in domestic shipments are expanding beyond basic freight brokerage into the transportation systems management.

Panalpina has agreed to pay $35 million as part of a preliminary agreement to settle a U.S. class action lawsuit alleging anticompetitive industry practices regarding certain freight surcharges.

Ryder System reported its net income in the third quarter of 2013 was $71.1 million, dropping 5.3 percent year-over-year from $75.1 million.

Load Delivered Logistics has opened its Los Angeles-based operations.

DHL has signed a new, five-year agreement to provide global freight management and forwarding services for BP, the London-based oil and gas company.

Kuehne + Nagel’s third-quarter earnings increased 8.3 percent year-over-year, even as the Swiss logistics giant’s core ocean container business stalled as it prioritized profit ahead of volume.

Damco has appointed Tommy Mølgaard as global CFO.

TOKYO — Yusen Logistics is focusing on building supply chains in Mexico, Myanmar and Cambodia, as the former provides customers easier access to the North American market and latter two allow shippers to diversify their sourcing.

Yusen Logistics (India) has opened a new sales office in Jaipur, the capital of the Indian state of Rajasthan, to serve its customers in the northern region.

Michael Stark sounds pleasantly surprised at 2013’s second-half surge in transloading volume for import containers in Southern California.

In November, DB Schenker will open a new logistics center in Tilburg, the Netherlands, at the Katsbogten industrial estate, to serve the needs of customers in the health care sector.

Trade Tech, a cloud-based solutions provider for the logistics industry, has opened a new office in Tokyo to support customers in Japan and the surrounding region.

Zenith Global Logistics has relocated its Elkton, Md., freight hub to an Aberdeen, Md.-based facility.

UPS will expand its forwarding footprint in Asia under the guidance of new regional forwarding chief Jeff McCorstin, whose official appointment as president of global freight forwarding for the Asia-Pacific region was announced Tuesday.

Echo Global Logistics has announced three internal promotions, naming Dave Menzel as chief operating officer, Kyle Sauers as CFO and Evan Schumacher as chief commercial officer, effective immediately.

Vanguard Logistics Services, a leading non-vessel-owning common carrier and ocean freight consolidator operating primarily in North America, has entered into a strategic alliance with Freight Systems India, a similar organization with offices at all major locations in the country.

Peter Rose, CEO of Expeditors International of Washington Inc. since 1988, will retire in March after 35 years with the company.

UPS has named Jeff McCorstin as president of UPS freight forwarding in Asia-Pacific.

Menlo Worldwide Logistics has opened a new multiclient warehouse and office facility outside of Brisbane, Australia, in Seventeen Mile Rocks.

The Panalpina Group has realigned its regional setup and identified a fourth region for customer targeting, consisting of the Middle East, Africa and the Commonwealth of Independent States.

Kane Is Able is expanding its transportation and distribution services by moving to a new 426,000 square foot distribution center in Atlanta.

Radiant Logistics has acquired On Time Express, a Phoenix-based, time-critical domestic and international logistics company.

Logwin has expanded its location in Jakarta, Indonesia, by moving into a warehouse at Soekarno Hatta Airport.

CEVA Logistics has entered into a new three-year agreement and partnership with Michelin to manage its warehouse at the tire manufacturer’s plant in Valladolid, Spain.

Norbert Dentressangle’s acquisition of Daher Group’s freight forwarding activities has been completed, following French competition authorities’ approval of the deal.

DHL is investing in new facilities in the Philippines on the back of improving economic growth and the expansion of air freight capacity at Clark International Airport.

Just a couple of years ago, NVOCCs basked in the glow of the growing share of U.S. imports they were handling on behalf of importers. Ocean carriers were slashing vessel capacity to boost freight rates, and shippers in a scramble early in 2010 were forced to turn to non-vessel-operating common carriers to find the space for trans-Pacific imports.

ContainerPort Group has moved to a larger and more centrally located facility in Indianapolis, which is expected to be fully operation by Oct. 7.

DB Schenker has opened a logistics center in Baraki, Japan, about 25 kilometers (approximately 15.5 miles) away from central Tokyo.

Top 20 non-vessel-operating common carriers based on TEU volume, January-June 2013.

DHL Express will increase its general average price throughout the Asia-Pacific region by about 5 percent, starting Jan. 1, 2014.

Plans for a merger of rail logistics operations by Kuehne + Nagel and VTG Aktiengesellschaft advanced today with the signing of a merger agreement by...

India’s Allcargo Logistics, through its wholly-owned subsidiary Ecu Line, has acquired Econocaribe Consolidators, a Miami-based non-vessel-owning common carrier and ocean freight consolidator with considerable presence in North America.

Walker Supply Chain Management has hired Giorgio Laccona as chief operating officer and partner.