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Global Logistics: Page 110

Transplace Acquires Canadian 3PL Lakeside Logistics
Transplace, a provider of transportation management services and logistics technology, has announced its acquisition of Lakeside Logistics, a Canadian-based logistics services company. This acquisition expands Transplace's presence throughout North America and supports its strategic growth in order to meet the supply chain needs of its growing customer base, the company says. Terms of the transaction were not disclosed.
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Port of Philadelphia to Double Container Capacity
Governor Tom Wolf has announced a comprehensive capital investment program at the Port of Philadelphia that will result in more than $300m in investment in the Port's infrastructure, warehousing and equipment. The initiative will start next year and continue through 2020.
E-Retailers Say They Continue to Struggle With Cross-Border Demand
E-commerce has been the dominant force for change in the air cargo logistics business for the last several years, but online retailers, forwarders, carriers and integrators say they are still struggling with ways to keep up with the intense demand from international customers to deliver them the world instantly. This was the main theme of the plenary session, "Cross-border E-Commerce: Who Will Rule the Game?", at last week's Asian Logistics and Maritime Conference (ALMC) in Hong Kong.
Airbus Hopes to Deliver Up to 80 A350 Aircraft in 2017
Airbus tentatively aims to deliver as many as 80 A350 jetliners in 2017, two sources familiar with the plans have said. The target marks a new stage in ambitious plans to raise output of the company's newest long-haul jet to 10 a month in 2018, but depends mainly on how successful suppliers will be in curbing delays in cabin equipment.
Pessimistic Forecasts: Stifel Logistics Confidence Index Declines Further
The Stifel Logistics Confidence Index - which measure logistics industry outlook - has reached its 14 consecutive months of negative confidence, with the numbers suggesting this will continue into 2017. As reflected by the performance of the Index, global trade remains at a low ebb, as it has for some time.
UPS Catches Up With FedEx on Dimensional Weight Change
Two months after a similar move by FedEx, UPS has announced changes to its dimensional weight pricing schedule. FedEx plans to decrease its DIM divisor from 166 to 139 as of Jan. 2, effectively increasing the shipping costs on millions of e-commerce parcels. UPS is also lowering its divisor to 139 as of Jan. 8, but is exempting domestic air and ground parcels that are less than one cubic foot (1,728 cubic inches).
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LNG Engines Could Be Stepping Stone to Fuel Cells
The growing adoption of hybrid electric powertrain systems and the projected growth in the number of vessels burning liquefied natural gas as fuel, could lead to wider adoption of fuel cells with LNG-fuelled engines becoming the stepping stone for the wide adoption of LNG-fuelled fuel cells as prime movers.
Hanjin Shipping Sells Part of Container Ship Business for $31M
South Korea's Hanjin Shipping Co Ltd said last week it decided to sell part of its container ship business to Korea Line Corp for 37bn Korean won ($31m).
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Report: Fuel Smuggling Caused Shipbreaking Blast
An official inquiry into the explosion on the scrapped FPSO Aces confirmed that the massive blast was caused by hundreds of thousands of gallons of petroleum products on board. The inquiry, as reported by local media, said that about 375,000 gallons of fuel and 425,000 gallons of lubricants were on board the vessel.
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Channel Tunnel Fundamentally Changed UK Logistics, Report Says
More than a quarter of all goods traded between the UK and Europe, worth around £91.4bn ($113.82bn) a year, come through the Channel Tunnel, a report has found. In its report, "Economic Footprint of the Channel Tunnel Fixed Link," Ernst & Young found that 30 percent of UK exports, worth £43.6bn ($54.3bn), and 22 percent of imports, worth £47.8bn ($59.53bn), to and from the EU depend on the tunnel.
Tire Industry Works Toward Global RFID Tagging Standards
A tire-industry working group led by Chinese rubber manufacturing equipment company Mesnac is striving to standardize the way in which the industry uses radio frequency identification tags. This includes how those tags are attached in tires, as well as how they are tested and encoded with data.
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What's Driving the Automotive Supply Chain?
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