Latest News

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 […]

Goodman China’s first half lifted by rising demand for logistics properties HONG KONG — Developer Goodman Group capitalized on the strong demand for prime logistics space in the country in the past six months, ending the first half of its financial year with 22 properties and 12 development projects.The Australia-listed logistics property developer has increased […]

US West Coast congestion ripples through supply chains Containers stacked at the Port of Oakland Jan. 9, 2015. The port loads and discharges more then 99 percent of containerized goods moving through Northern California. Photo credit: Sheila Fitzgerald / Shutterstock.comAs negotiations between the International Longshore and Warehouse Union and waterfront employers drag on, the impact […]

US antitrust suit helps keep Kintetsu World Express in the red Major Japanese international freight forwarder Kintetsu World Express Inc. is still feeling the pinch of an antitrust class-action lawsuit in the United States, as it continued to bleed red ink in the first three quarters of fiscal 2014. The Tokyo-based company said on Thursday […]