Monthly Archives for November 2014

Fraud reports send wary Sinotrans investors racing for the exits HONG KONG — Jittery shareholders of China logistics operator Sinotrans frantically off-loaded shares following mainland media reports that its subsidiaries were involved in making multiple pledges of the same inventory as loan collateral. Sinotrans shares plunged almost 30 percent on the Hong Kong Exchange before […]

Expeditors International to expand into Asia-Europe market Expeditors International of Washington, the largest non-vessel operating common carrier in the trans-Pacific eastbound market, will expand into the Asia-Europe market The announcement, which was highlighted by investment research firm Stifel in a research note, was made during the Expeditor’s third-quarter earnings report, in which the company saw […]

With $500 million Contrans deal pending, TransForce builds trucking revenue Canada’s largest trucking operator got larger in the third quarter, increasing revenue 27 percent in the third quarter thanks to the cumulative effect of multiple acquisitions. What could be the company’s largest acquisition — the nearly $500 million purchase of Contrans, a $573.2 million Canadian company […]

Logistics developers keep China foot on expansion pedal HONG KONG — Foreign logistics property developers continue to beef up their business in China’s fast growing inland provinces, with Australia’s Goodman Group and Singapore-listed Global Logistics Properties (GLP) this week adding almost 900,000 square feet of combined leased space to existing customers. Goodman signed a second […]

Logistics developers keep China foot on expansion pedal HONG KONG — Foreign logistics property developers continue to beef up their business in China’s fast growing inland provinces, with Australia’s Goodman Group and Singapore-listed Global Logistics Properties (GLP) this week adding almost 900,000 square feet of combined leased space to existing customers. Goodman signed a second […]

Survey: Retailers set earlier holiday shipping deadlines this year One year after extreme holiday shipping volumes resulted in millions of missed deadlines, retailers are seemingly backing off last-minute deals in order to guarantee delivery, a new survey shows. A survey of major retailers done by Shop.org, a division of the National Retail Federation, showed nearly […]