Fraud reports send wary Sinotrans investors racing for the exits HONG KONG — Jittery shareholders of China logistics operator Sinotrans frantically off-loaded shares following mainland media reports that its subsidiaries were involved in making multiple pledges of the same inventory as loan collateral. Sinotrans shares plunged almost 30 percent on the Hong Kong Exchange before […]
Read More →Fraud reports send wary Sinotrans investors racing for the exits
on November 6, 2014in Uncategorized
Expeditors International to expand into Asia-Europe market
on November 6, 2014in Uncategorized
Expeditors International to expand into Asia-Europe market Expeditors International of Washington, the largest non-vessel operating common carrier in the trans-Pacific eastbound market, will expand into the Asia-Europe market The announcement, which was highlighted by investment research firm Stifel in a research note, was made during the Expeditor’s third-quarter earnings report, in which the company saw […]
Read More →With $500 million Contrans deal pending, TransForce builds trucking revenue
on November 4, 2014in Uncategorized
With $500 million Contrans deal pending, TransForce builds trucking revenue Canada’s largest trucking operator got larger in the third quarter, increasing revenue 27 percent in the third quarter thanks to the cumulative effect of multiple acquisitions. What could be the company’s largest acquisition — the nearly $500 million purchase of Contrans, a $573.2 million Canadian company […]
Read More →Logistics developers keep China foot on expansion pedal
on November 4, 2014in Uncategorized
Logistics developers keep China foot on expansion pedal HONG KONG — Foreign logistics property developers continue to beef up their business in China’s fast growing inland provinces, with Australia’s Goodman Group and Singapore-listed Global Logistics Properties (GLP) this week adding almost 900,000 square feet of combined leased space to existing customers. Goodman signed a second […]
Read More →Logistics developers keep China foot on expansion pedal
on November 4, 2014in Uncategorized
Logistics developers keep China foot on expansion pedal HONG KONG — Foreign logistics property developers continue to beef up their business in China’s fast growing inland provinces, with Australia’s Goodman Group and Singapore-listed Global Logistics Properties (GLP) this week adding almost 900,000 square feet of combined leased space to existing customers. Goodman signed a second […]
Read More →Survey: Retailers set earlier holiday shipping deadlines this year
on November 2, 2014in Uncategorized
Survey: Retailers set earlier holiday shipping deadlines this year One year after extreme holiday shipping volumes resulted in millions of missed deadlines, retailers are seemingly backing off last-minute deals in order to guarantee delivery, a new survey shows. A survey of major retailers done by Shop.org, a division of the National Retail Federation, showed nearly […]
Read More →China to upgrade infrastructure, logistics network along Yangtze River
on October 29, 2014in Uncategorized
China to upgrade infrastructure, logistics network along Yangtze River A major new initiative has been launched to upgrade infrastructure and the logistics network along the Yangtze River, an undertaking that will impact almost half of the country’s population. Launched in September, the initiative follows the State Council’s analysis of the Yangtze River region as an […]
Read More →GLP gives giant boost to Japan, Brazil development platforms
on October 29, 2014in Uncategorized
GLP gives giant boost to Japan, Brazil development platforms Global Logistic Properties’ 355,000 square feet GLP Soja II facility in Soja City, Okayama Prefecture, Japan, will be completed by third quarter 2016.HONG KONG — Global Logistic Properties (GLP) has announced its second giant investment this week, pouring $138 million into a Japanese joint venture development […]
Read More →Good growth for Goodman as space shortage drives demand
on October 27, 2014in Uncategorized
Good growth for Goodman as space shortage drives demand TAIPEI — Australia-listed Goodman Group’s development activities experienced robust growth during the first quarter with the lack of supply of modern, high quality logistics space driving demand for new industrial properties. In an operational update released today, Goodman said development work in progress has increased to […]
Read More →Trucking deals driving transportation M&A growth, PwC says
on October 23, 2014in Uncategorized
Trucking deals driving transportation M&A growth, PwC says There were 48 mergers and acquisitions in the transportation industry in the third quarter of 2014, totaling $13.6 billion, according to analysis by PricewaterhouseCoopers. Nearly 40 percent of the major deals monitored by PwC occurred in the trucking and logistics sectors, the company said in its quarterly […]
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