General Logistics Systems B.V., a parcel delivery firm based in Amsterdam and with operations throughout Europe, is expanding in the United States with the purchase of Golden State Overnight for $90 million.
October 12, 2016Logistics 100 | Freight Brokerage | Dry Storage Warehousing | Refrigerated Warehousing | Dedicated | Ocean Freight | Airfreight
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Extras
European Package Carrier Expands in US With Purchase of Golden State Overnight
Shippers Brace for New Rules to Cut Deadly Sulfur Emissions
SINGAPORE — The global shipping industry is bracing for a key regulatory decision that could mark a milestone in reducing maritime pollution, but which could nearly double fuel costs in a sector already reeling from its worst downturn in decades.
October 11, 2016Korean Court Considers Selling Hanjin’s Asia-US Business
The Seoul Central District Court overseeing the receivership filing of Hanjin Shipping Co. is considering a disposal of the sales and marketing network of the container line’s Asia-U.S. operations as part of efforts to raise funds for the indebted company.
Schneider Plans IPO
Privately held Schneider announced plans to do an initial public offering of its shares next year, becoming the last of the 10 largest North American trucking companies to take that approach to funding operations and expansion.
October 7, 2016Nippon Yusen to Book $1.9 Billion One-Time Loss on Shipping Woes
Nippon Yusen KK, Japan’s largest shipping company by sales, will book a record one-time loss for its shipping and air-cargo divisions as freight rates remain depressed amid global overcapacity.
XPO to Open 571,000 Square-Foot Facility in Maryland
XPO Logistics has signed a lease for a recently completed 571,000-square-foot building in Perryman, Maryland, that is expected to bring hundreds of jobs to the county in the growing e-commerce field, Harford County Executive Barry Glassman said.
Hanjin Shipping Containers Stranded Again? California Officials Wary of Plan
Some of the 15,000 steel shipping containers at the ports of Long Beach, and Los Angeles abandoned in the wake of the financial collapse of Korea-based Hanjin Shipping Co. may be headed to Ontario, California, for storage — but not without opposition from city leaders.
Hanjin Could Have Survived With Creditors’ Aid, Chairman Cho Yang-ho Says
Hanjin Shipping Co., the South Korean container line whose filing for bankruptcy protection roiled the global supply chain, could have survived if creditors had provided the company with aid, Group Chairman Cho Yang-ho said.
Flexport Raises $65 Million in Venture Capital to Expand Operations
San Francisco startup Flexport Inc. raised $65 million in venture capital to expand U.S. and global operations, the company announced Sept. 26.
September 29, 2016DHL Acquires UK Mail for $315.5 Million
Deutsche Post DHL Group has agreed to acquire UK Mail Group on Sept. 28 for 242.7 million pounds ($315.5 million), enhancing the company’s presence in the e-commerce market in Great Britain.
September 29, 2016