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.
Deutsche Post DHL Group will acquire UK Mail Group plc for 242.7m pounds ($315.63m), the company said. DHL said it expects the company's directors to make a unanimous recommendation that UK Mail shareholders accept the offer.
The recent increase in container freight rates on major east-west trades is no more than a flimsy disguise for the "fundamental weakness" of the ocean shipping industry, according to ocean freight rate benchmarking and market intelligence provider Xeneta.
Business intelligence tools allow a company to parse through its data to find the bits most important to its operations. Maybe that means figuring out which carrier is letting it down (or conversely, for a carrier to see if a shipper is unprofitable for it to serve). Maybe it just means going through visibility data to determine whether a perceived chokepoint is actually a problem.
United States transportation and logistics companies added 11,700 jobs for the month in July 2016, according to the latest preliminary data from the U.S. Department of Labor's Bureau of Labor Statistics (BLS).
Making it mandatory for airlines and freight forwarders to file advanced information about cargo loaded onto aircraft bound for the United States seemed like a foregone conclusion several years ago, but U.S. Customs late last month announced plans to extend a pilot program testing the concept for another year.
Dozens of port authorities and marine terminals received port security grants this summer from the Federal Emergency Management Agency (FEMA), but millions of dollars from the $100m program went to local law enforcement agencies and other non-port entities.