Business
DSV announced on April 1st that the company is acquiring Panalpina by way of a public exchange offer to all Panalpina shareholders.
If the offer is successful, DSV and Panalpina will become one of the world’s largest transport and logistics companies with a pro forma revenue of approximately DKK 118 billion and a workforce of more than 60,000 employees operating in 90 countries.
Peter Ulber, Chairman of the Board of Panalpina, explained ...
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As of April 3, Noatum Logistics has completed its acquisition of MIQ Logistics. With this purchase, Noatum Maritime, the parent group of Noatum Logistics, is now directly present in 26 countries with over 2,400 employees with gross revenues exceeding $1 billion.
"We have completed the purchase ...
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The Port of Savannah handled more total containerized cargo and more intermodal rail volume, with greater connectivity and velocity, than any March on record, the Georgia Ports Authority reported.
While the port handled more than 410,000 TEUs last month, an increase of 15.5%, rail volumes spiked ...
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Several hundred importers, exporters, customs brokers, truckers and all others impacted by the new realities on southern border cargo and passenger crossings, received an update from Customs and Border Protection, Dept. of Homeland Security on April 4. Recognizing the unprecedented nature of the pressure being ...
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The Port of Los Angeles moved 705,306 TEUs in February. While it was the third busiest February at the port, it represents a 2.7% decrease compared to last year’s record-setting February.
The timing of the Lunar New Year, when production in some Asian countries slows, resulted ...
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S&P Global Ratings recently raised its ratings for the Port of New Orleans (Port NOLA) from an 'A-' to an 'A' with an outlook of stable.
Port NOLA’s President and CEO Brandy D. Christian attributes the success to the collective and collaborative effort by the Board ...
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Noatum Logistics, the Noatum Maritime division specializing in logistics, international transport and customs, has signed a definitive agreement to acquire US-based MIQ Logistics. MIQ Logistics has 60+ offices in 19 countries. The agreement is expected to close in the coming weeks.
Once the agreement has been ...
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Capstone Headwaters announces the successful sale of SCR Air Services to NFI Industries. Capstone Headwaters advised SCR Air Services, an intermodal focused brokerage company, on its acquisition by supply chain solutions provider NFI Industries. With this acquisition, NFI will expand its non-asset intermodal services, as ...
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The Port of New Orleans (Port NOLA) moved more containers in 2018 than at any time in its history, totaling 591,253 TEUs, up 12.3% compared to one year ago. The record marks the fifth year in a row Port NOLA has surpassed the half million ...
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The President’s Fiscal Year 2020 Budget includes $138 million for the 52-foot Charleston Harbor Deepening Project, a milestone that provides an opportunity for the project to receive Congressional funding for construction.
"We are grateful to the Trump Administration for recognizing the value of the Charleston Harbor ...
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