XPO Logistics Inc., a freight brokerage and transportation services provider, has acquired UX Specialized Logistics, a North American provider of last-mile logistics services for retail chains and e-commerce companies.
Container shipping rates on intra-Asia trades have fallen to their lowest level in four years, according to the Container Freight Rate Insight which is updated weekly and published by global shipping consultancy Drewry.
The U.S. Department of Transportation's Federal Aviation Administration has unveiled proposed rules for drone flights. The plan maintains aviation safety standards, but may make it difficult for companies - such as Amazon - hoping to use drones for delivery service.
Success in the global economy requires a shift in strategic vision of the Asia-Pacific region's role in supply chains. While it is no secret that an end to low-cost production in Asia is in sight, smart companies are studying the complexity of APAC region and gaining insight into the roles each country plays in the quickly evolving economic horizon. But visibility into where APAC is today isn't enough; forecasting where it will be next year, five years from now, and further into the future are key to positioning supply chains now for ongoing optimization.
Japanese freight carrier Kintetsu World Express Inc. is buying Singapore's APL Logistics for $1.2bn, paying a higher than anticipated price for an overseas deal at a time of slow domestic growth.
Spot market freight volume declined seasonally in January, down 11 percent from an atypical December high, according to the DAT North American Freight Index, an indicator of truckload freight demand and capacity. Volume slipped 27 percent compared to January 2014. It was the first year-over-year decline on the Index in 19 months.
The global lubricants market is estimated to reach a demand totaling 44,165 kilo tons by 2020, up from 39,140 kilo tons in 2013, according to a report from Transparency Market Research. The increase is based on growth rates of 1.72 percent between 2014 and 2020.
Liner service reliability fell to a record low in January as the effects of U.S. West Coast congestion and the phasing-in of new alliance services took their toll, according to the Carrier Performance Insight, published online every month by global shipping consultancy Drewry.