Article List
- DB Schenker Acquires to USA Truck for $435 millionDB Schenker said it will acquire all outstanding shares of USA Truck's common stock for $31.72 per share in cash, a premium of 118% to the pre-trade share price of $24. The transaction is valued at approximately $435 million, including cash and debt.The acquisition advances DB Schenker and USA Truck.Logistics News June 29, 2022
- Top 25 Air Ƶs, Kuehne+Nagel Surpasses DHL2021 has undoubtedly been a good 12 months for air forwarders with record revenue, profits and volumes, but it's also a year at the top as Kuehne+Nagel knocks DHL out of the pack.Logistics News June 28, 2022
- BANGLADESH: Regulatory Duty Raised on Import of 135 ItemsThe Bangladesh National Revenue Service (NBR) has issued a Statutory Regulatory Order (SRO) to increase the regulatory duty on imports of more than 135 HS-coded products to 20% from the previous 3% to 5% to reduce these Imports of products, thereby easing the pressure on foreign exchange reserves.Logistics News June 28, 2022
- Yang Ming to launch Far East-Latin America service “SA8”Yang Ming Marine Transport Corp launches their Far East - West coast of Latin America service "SA8" in July 2022.....Logistics News June 28, 2022
- US import demand is dropping off a cliffThe number of containers shipped to the U.S. is down more than 36 percent compared to May 24. This is a troubling sign for the U.S. domestic freight market, which has been benefiting from an unprecedented surge in container imports for the past 18 months.Logistics News June 27, 2022
- China Ocean Shipping Companies Soars On Carrier Top 50According to a report by analyst firm Sea-Intelligence, CULines now sits as number 24 on the global ranking list of container lines.....Logistics News June 27, 2022
- PIL introduces China-Thailand-Vietnam (CTV) ServiceNamed the China Thailand Vietnam Service (CTV) by PIL, and RNT2 by RCL, the new service will be launched on 30 June departing Xingang. The new CTV service will connect major ports in China, South Korea, Thailand and Vietnam.Logistics News June 24, 2022
- Strikes Spread Almost Across EuropeSummer of strikes? European labor action already disrupting transportation....Logistics News June 24, 2022
- COSCO SHIPPING Lines launches OCEAN Alliance 2022 serviceThe Ocean Alliance - including shipping lines CMA CGM, COSCO, OOCL and Evergreen - has announced a new global shipping service network "DAY6 Product", which will launch in April with 42 services. Will upgrade 8 routes and add 3 new routes ( 2 US Southwest + 1 US East) invested 352 ships and 4.43 million TEU capacity.Logistics News June 23, 2022
- AB5 protests temporarily close Oakland's marine terminalThis is the largest trucker protest to date, and the Port of Oakland says that in addition to OICT, three other marine terminals have closed truck lanes, though some ships are still operating.Logistics News July 21, 2022