Category Archives for Uncategorized

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 […]

China to upgrade infrastructure, logistics network along Yangtze River A major new initiative has been launched to upgrade infrastructure and the logistics network along the Yangtze River, an undertaking that will impact almost half of the country’s population. Launched in September, the initiative follows the State Council’s analysis of the Yangtze River region as an […]

GLP gives giant boost to Japan, Brazil development platforms Global Logistic Properties’ 355,000 square feet GLP Soja II facility in Soja City, Okayama Prefecture, Japan, will be completed by third quarter 2016.HONG KONG — Global Logistic Properties (GLP) has announced its second giant investment this week, pouring $138 million into a Japanese joint venture development […]

Good growth for Goodman as space shortage drives demand TAIPEI — Australia-listed Goodman Group’s development activities experienced robust growth during the first quarter with the lack of supply of modern, high quality logistics space driving demand for new industrial properties.  In an operational update released today, Goodman said development work in progress has increased to […]

Trucking deals driving transportation M&A growth, PwC says There were 48 mergers and acquisitions in the transportation industry in the third quarter of 2014, totaling $13.6 billion, according to analysis by PricewaterhouseCoopers. Nearly 40 percent of the major deals monitored by PwC occurred in the trucking and logistics sectors, the company said in its quarterly […]

Korean express company lines up APL Logistics for acquisition PHUKET — CJ Korea Express is mulling the acquisition of NOL Group’s APL Logistics, the Korean courier giant said in an exchange filing, removing any lingering doubts that the logistics division of the Singapore-based shipping company is up for sale. The largest express operator in the […]