Monthly Archives for February 2015

Brazilian truckers end Santos blockades, but protests continue After 10 days of “spontaneous” protests, many independent truck drivers in Brazil have agreed to government-inspired peace talks aimed at preventing the South American country from grinding to a halt. But road blockades and protests by truckers angered by rising fuel prices and low freight rates continue […]

GLP to build on leases as US logistics platform deal signed off HONG KONG — Singapore-based Global Logistic Properties Limited (GLP) has completed the acquisition of one of the largest logistics platforms in the U.S. for $8.1 billion. The transaction provides immediate scale in the U.S., growing GLP’s fund management platform in the world’s largest […]

Home Depot says stores supplied despite West Coast delays Retailer Home Depot said its import shipments have been delayed by West Coast port delays, but that it has been able to adjust its supply chain to keep stores supplied. Executives of Home Depot, the largest home-improvement retailer, commented during an analysts’ call Tuesday following announcement […]

Japan Post to pay premium price in billion Toll takeover HONG KONG — The decision by Japan state postal service to take over regional logistics operator Toll Holdings for $5.07 billion is the second mega-logistics acquisition involving Japanese companies in as many days, and another exceptional price.Japan Post agreed to a cash payment of $9.04 […]

Logistics vs. procurement: Redrawing battle lines Logistics and procurement teams often end up in conflict about how ocean and air freight transport should be procured. Battle lines within major companies are being drawn between these internal groups as the contracting season gets into full swing shortly. But logistics and procurement teams should stop to consider […]

TNT Express sinks into the red on restructuring charges TNT Express slumped to a 137 million euros [US $156 million] net loss in the fourth quarter of 2014 from a 32 million euros profit in the same period in 2013, driven mainly by restructuring charges tied to an abortive takeover bid by its larger rival, […]

Ferrulli named president-North America of Unicon Logistics Amir Maghami, CEO of Unicon Logistics, has announced the appointment of Gary Ferrulli as president of North America for the Los Angeles-based NVOCC and logistics services provider.    “Naming Gary Ferrulli as president of North America gives us access to his vast experiences as a senior manager in […]

NOL sells APL Logistics to Kintetsu for .2 billion HONG KONG — Neptune Orient Lines has sold APL Logistics to Kintetsu World Express for $1.2 billion in a stunning deal that gives the Singapore-listed group a net gain of more than $900 million.The proceeds will go towards strengthening the group’s balance sheet after four consecutive […]

NOL halts trading as news of APL Logistics .2 billion sale breaks HONG KONG — Neptune Orient Lines suspended trading this afternoon as news broke in Japan that its forwarding arm, APL Logistics, was to be bought by Kintetsu World Express for $1.2 billion.The reason given for halting trading on the Singapore Exchange was simply, […]

DB Schenker grows Asia-Pacific footprint with India, Cambodia investment HONG KONG — DB Schenker strengthen its presence in Asia in January with the opening of a new company in Cambodia and a last-mile logistics centre in eastern India.The German logistics services provider opened its DB Schenker Logistics Centre (SLC) in India’s eastern region of Patna […]