global logistics

Total February POLA volume—at 544,037 TEU (Twenty-Foot Equivalent Units)—saw a 22.9% annual decline. At the Port of Long Beach, total February volume—at 538,428 TEU—saw a 9.8% annual decline.

Propelled by the Trump Administration Trade Wars, many companies have already left China for other Asian manufacturing locations. But - there are no guarantees that the virus won’t spread to these new locations.

In a move geared towards bolstering its air freight forwarding and customs brokerage capabilities in Colombia and the broader Latin American region, global transportation and logistics bellwether FedEx said this week it has agreed to acquire international freight forwarder Cargex S.A.

Late last week, the acquisition of Basel, Switzerland-based global 3PL and airfreight forwarder Panalpina by Hedehusene, Denmark-based global 3PL DSV was made official, according to DSV officials.

The trade war, in a sense, has become an extension of an ongoing “quest” for shippers to truly be ready for anything.

FedEx entered into an agreement to acquire the company in October 2018.

Minneapolis, Minn.-based global logistics services provider and freight forwarder C.H. Robinson recently announced it has acquired Pescara, Italy-based Dema Service S.p.A. a provider of European road transportation services, including truck brokerage, freight forwarding, and logistics.

That feeling that the United States-China “trade war” was going to come to some kind of a mutually beneficial resolution by late May or early June does not exactly seem like such a given, based on recent, you guessed it, Tweets issued by President Trump, right?

The many moving parts that have been part of the interactions in recent months between Basel, Switzerland-based global 3PL and airfreight forwarder Panalpina by Hedehusene, Denmark-based global 3PL DSV, in regards to the latter’s pursuit of the former as an acquisition target, have taken yet another turn, with the companies announcing today that they are going to merge.

Hedehusene, Denmark-based global 3PL DSV said this week that it confirmed that it made “an indicative and private proposal” to the board of directors of Basel, Switzerland-based global 3PL and airfreight forwarder Panalpina to acquire the company.

Earlier this week, Atlanta-based transportation and logistics bellwether UPS received some potentially good news when the European Court of Justice said that a previous decision by anti-trust regulators in 2013 to prevent UPS’s intended acquisition of TNT Express NV, a provider of mail and courier services and the fourth largest global parcel operator, is to be annulled, according to media reports.

UPS said that through its new Saturday export pick-up service, U.S.-based companies scheduling a Saturday pick-up from the U.S. to 57 “key international markets” will have shipments processed and shipped on Saturday, with delivery coming as soon as Monday, which UPS said is a full day faster than the company’s previous time-in-transit.

Earlier this week, FedEx Express, the air cargo subsidiary of FedEx, announced it has rolled out a new dedicated flight that four times a week that will move between Sydney, Australia and Singapore. Company officials said that this new offering is past of FedEx’s continued investment to boost its operational network and help Asia Pacific-based shippers expand globally.

Third quarter revenue was up 11.5% annually to $4.34 billion, and quarterly net income attributable to common shareholders coming in at $100.8 million, which topped $57.5 million for the same period a year ago.

Earlier this week, UPS said it has made additional investments towards attaining further investment to attain full ownership in its India-based express services unit. UPS formerly held a majority position in an express services joint venture that solely served its international express small package shipping business in India.