C.H. Robinson CEO John Wiehoff says there's a pretty straightforward reason why there was so much acquisition activity in the third-party logistics and freight brokerage markets the last two years: the low cost of capital and an active investment community.
Kuehne & Nagel has entered into a partnership with the Transporeon Group, operator of a European cloud-based electronic logistics network, to create a digital collaboration platform with truckload and less-than-truckload carriers.
The world's seventh-largest deep sea cargo transportation carrier, Hanjin Shipping, filed for court receivership - a form of bankruptcy protection - on Aug. 31. Chaos has promptly ensued in a number of markets, and it won't end any time soon, according to Ashley Cruz, IBIS World Procurement Research Analyst.
C.H. Robinson has entered into a definitive agreement to acquire APC Logistics, a provider of freight forwarding and customs brokerage services in Australia and New Zealand. The two companies have had a long-standing exclusive agent relationship for business in Australia and New Zealand. The agreement is subject to certain customary closing conditions, including regulatory approval.
Toyota Motor Sales U.S.A. Inc. (TMS) has opened a parts distribution center in Lithia Springs, Ga., near Atlanta. Stocking approximately 43,000 Lexus parts, the facility will serve 27 Lexus dealers in the Southeast, primarily in Atlanta, as well as a five-state area that includes Georgia, North Carolina, South Carolina, Alabama and Tennessee.
Since the changes in the freight broker bond requirements introduced by the MAP-21 legislation back in 2013, autumn has turned into the bond renewal season for the freight industry. In the next few months, about two thirds of the nearly 17,000 licensed freight brokers are expected to undergo the yearly surety bond renewal.
The latest news, analysis, services and systems regarding freight forwarding and customs brokerage and their impact on global supply chains. Today’s companies are transporting and delivering goods to more global customers than ever before using freight forwarding and customs brokerage solutions that manage international business logistics and customs clearance. As these services continue to evolve, businesses are discovering new ways to increase efficiency and cut costs. Learn how companies are using freight forwarding and customs brokerage solutions to power their supply chains.
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